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

Flying start for UDAN, but there could be rough weather ahead

PM Narendra Modi’s yet another niftily acronymed scheme, UDAN – short for Ude ‘Desh Ka Aam Naagrik’ and otherwise called ‘Regional Connectivity Scheme’ in officialese – got off to a flying start on Thursday. Modi formally launched a flight from Shimla to Delhi, and

It’s very rare to get the right budget to do what producers want: Thota Tharrani

He accompanied his father to film studios in Chennai and helped him in designing sets, but Thota Tharrani wanted to be an artist. So he studied mural painting and print-making, but as luck would have it, he finally returned to tinsel town. And the world soon took note. In Mani Ratnam’s pa

Is the AAP headed for a split?

Is the AAP headed for a split?

Bangladesh to get high-speed diesel from Numaligarh refinery

A sale-purchase agreement was signed between Numaligarh Refinery Limited (NRL) and Bangladesh Petroleum Corporation (BPC) for supply of high speed diesel (HSD) through the proposed 131 km Indo-Bangla friendship pipeline.    The agree

Ajay Maken fails to charm Delhi

The dismal performance of the Congress in the Municipal Corporations of Delhi elections forced party chief Ajay Maken to announce his resignation, ending an energetic effort to revive the party in the national capital.   Ajay Maken, now 53, had taken over as the chief

AAP in hot water following MCD poll debacle

The BJP’s clean sweep is not just a referendum on the Arvind Kejriwal government, but also could mark the beginning of the end of one of India’s youngest political parties, the Aam Aadmi Party (AAP). After the Bharatiya Janata Party’s massive win in the UP assembly elections, th



Video

फिर शुरू होगी अयोध्या में रामलीला

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter