Blockchain and its underlying Distributed Ledger Technology is considered as the biggest innovation since the internet and is identified to have the potential to transform the banking and financial services. This paper provides a primer on blockchain technology and discusses the technology’s potential to accelerate financial inclusion in India. The main objective of this paper is to review the existing literature on the narratives on block chain in banking and financial services industry around the world and to identify its potential applications to accelerate financial inclusion in India.

Keywords : Block Chain, Financial Inclusion, Mobile Banking, Distributed Ledger Technologies.