SBI with AISECT launches mobile banking service in MP

Mobile vans with ATM start operations in rural Hoshangabad and Tikamgarh

PTI | October 20, 2010



State Bank of India (SBI) in collaboration with city based organisation AISECT, launched mobile banking services in Madhya Pradesh .

This is the first time such a service introduced in the country under Financial Inclusion scheme, a SBI press release said here today.

Two mobile vans, fitted with ATM and Kiosk banking mechanisms, have started operations in the districts of Hoshangabad and Tikamgarh to provide banking services to the rural population.

Additionally, AISECT and SBI have also launched a scheme to benefit the rural migrants who are hesitant to enter corporate banking set-ups for cash remittance purposes and instead rely on traditional, time consuming methods.

For such people, the first ever urban banking kiosk, dedicated completely to providing cash remittance, has been introduced in Bhopal.

SBI's Chief General Manager Bhagwant said the benefits of such schemes should reach out to maximum number of people.

Therefore, SBI-AISECT mobile kiosk banking vans will soon cover other districts of the state and Chhattisgarh as well while the remittance outlets will be started in most major towns of MP.

"We have been associated with SBI for Financial Inclusion for the past two years and during this period, rural banking kiosks have been launched at 165 places in MP and Chhattisgarh, which have done a business of around Rs five crore," Director General of AISECT, Santosh Choubey said.


 

Comments

 

Other News

Battle over cattle, Delhi govt schools lead the way and, why we must return to Gandhi & Tagore

On May 23 this year, the ministry of environment issued ‘Rules on prevention of cruelty to animals (regulation of livestock market)’ with the purported aim of regulating animal markets. When one reads the rules – notwithstanding the lame efforts from union ministers to issue clarificati

BEML unveils 9 MW capacity windmill park

  BEML, a mini ratna category-1 enterprise of the defence ministry, has set a target of using 100 percent renewable energy for its own consumption.   In this connection, BEML’s 9 MW Windmill Park installed at Bagalkot District in Karnataka was recently

BHEL registers increase in intellectual capital

  Bharat Heavy Electricals Limited (BHEL), a Maharatna enterprise, has recorded nearly 14 percent growth in its intellectual capital in 2016-17 fiscal. During the year, a record 508 patents and copyrights were filed by the company, translating into filing of nearly two patents/copyrights

NALCO partners with CII, Odisha for outreach programmes on GST

  National Aluminium Company Limited (NALCO) has joined hands with the Confederation of Indian Industries (CII), Odisha, to organise outreach programmes for industries and other stakeholders on GST implementation.   Series of interactive programmes are being

EPFO inks MoU with HUDCO for Housing for All by 2022

  Taking prime minister Narendra Modi’s vision of ‘Housing for all by 2022’ forward, Employees` Provident Fund Organisation (EPFO) has amended the EPF Scheme, 1952 to provide assistance in acquiring affordable houses to the EPF members by allowing withdrawal from PF to

IndianOil LPG import terminal to reduce refill backlog in Kerala

IndianOil is currently transporting bulk LPG from Mangalore to various LPG bottling plants in north Kerala through about 100 bullet trucks every day, which ply on narrow highways. A pipeline connecting the proposed LPG import terminal to Kochi Refineries Limited and the LPG bottling plants at Udayamperoo



Video

पाकिस्तानी सेना कैमरे में कैद करना चाहती थी ये हमला

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter