SBI business correspondence model under financial inclusion

State bank of india (sbi) known as the banker to every indian is now aiming to reach everyone through total financial inclusion program under the supervision of rbi. Through this program sbi appoints national business correspondents on its behalf to take its services to the rural places through customer service points and mobile banking. All the transactions done at a bank can be done at these places through internet connectivity. 


Blaze trust has been selected as the first circle bc in coimbatore district to extend sbi’s banking service to the rural villages in the states of tamilnadu and pondichery. Ever since we have been appointed, we have been doing sbi’s banking operations like opening of no frill sb accounts, introducing of loan products to the people, opening of oap and mnregs accounts, collecting deposits, dealing with day to day cash transaction etc.


As a part of financial inclusion, bank on wheels is a banking kiosk in a mobile van which goes to various rural villages as per the predetermined schedule to provide  banking services to the rural Indians. Bank on wheels is a sheer resemblance of technical brilliance and can be made a multi modal utility vehicle for all sorts of banking transactions. In annur block, four villages were identified, and among the four the one at kattampatty is brick and mortar CSP outlet. Rest of the three villages viz Kariyamplayam, Kuppepalayam and Karegoundampalayam are covered by mobile van with system, ups, printer, etc, as the scheme was introduced by the bank to cover more number of villages.

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