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IIT Madras Research Park & RBI’s innovation centre Collaborates

Published on June 02, 2023
Current Context: A collaboration between Reserve Bank Innovation Hub (RBIH), IIT Madras Research Park (IITMRP) and IIT Madras Incubation Cell (IITMIC) to introduce voice-banking solutions to eliminate language barriers across the country.
IIT Madras Research Park & RBI’s innovation centre Collaborates
  • The voice-based banking solution aims at performing basic banking transactions through voice-commands in the Indian languages of Hindi, Tamil and Telugu to start with, in addition to English.
  • The innovation will assist people who are illiterate and visually impaired, in their banking services and help the underbanked population in overcoming language barriers during their banking activities.
  • The project is expected to roll out a pilot in around 12-18 months and potentially scale them in the next 2-3 year.


Q.1 Which of these languages is not part of the initial voice-banking solution?
a. Hindi
b. Tamil
c. Telugu
d. Kannada
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