i nc lu s i ve f i nanc e i nd i a re port 2014
42
A
PPENDIX
2.2
Products Offered by Banks under Financial Inclusion
S. No.
Bank
Products offered
Infrastructure support
Remarks
Public sector banks
1.
Allahabad Bank
• Basic Savings Bank Deposit
Account
• Smart cards
• Direct Benefit Transfer,
• KCC
• RuPay Kisan card
• Brick and mortar branches
• Ultra small branches with
VPN connectivity
• Satellite branches
• Mobile branches with
mobile vans
• ICT-based BCs
• Vision India Software Exports Ltd.
and Atyati Technologies provide
banking services through ICT-based
BC model.
• Branches proactive in opening of
accounts of migrant labourers, street
vendors and hawkers within the
500 metres of the branch initially
and thereafter to cover area beyond
500 metres.
• Special campaigns being made to
bring urban migrant labourers,
vendors and rickshaw pullers in to
banking fold.
2.
Bank of Baroda • Basic Savings Bank Deposit
Account with in-built OD
facility
• Moneyback RD account for
FI accountholders
• Baroda Kisan Credit Card
• ICT (Information
& Communication
Technology) based
• BC model
• POS (Point-of-Sale/Service)
• Kiosk
• Mobile van
• Brick and mortar branches
• Kiosk bank model launched in
2013–14 for both rural and urban
Financial Inclusion
• Adarsh Grameen branches with
audio-visual facilities to enable
various activities like agri-clinic,
vocational education, medical
camp, etc., would be launched
shortly.
3.
Bank of India
• Basic Savings Bank Deposit
Account with in-built OD
facilities
• Smartcard called star
abhilasha card
• Mobile-based remittance
• Direct Benefit Transfer
• KCC
• GCC
• Business Correspondents
• ICT-based handheld devices
(micro ATMs)
• Integration with UID
project for AEPS And APBS
transactions
• Financial Inclusion carved out as
a new business unit headed by a
general manager
• TCS, HCL and Integra for
Smartcard-based solution
• Integra for mobile-based solution
4.
Canara Bank
• Basic Savings Bank Deposit
Account with in-built
overdraft facilities
• Differential Rate of Interest
Scheme
• KCC
• GCC
• Brick and mortar branches
• Ultra small branches
• Business Correspondent
Agents under Business
Correspondents
• Business Facilitators
• Separate Financial Inclusion
Division under Priority Credit and
Financial Inclusion Wing, headed by
a General Manager.
• Engaged Corporate BCs—Integra
Micro Systems (P) Ltd, Fino Paytech
and CSC e-Governance Services
India Ltd.
• 496 FI branches opened between
2011–12 and 2013–14.
• Out of 544 USBs opened from
2011–12 to 2013–14, 28 upgraded
as branches.
• Financial literacy trust established.
