f i nanc i a l i nc lu s i on i n i nd i a
43
S. No.
Bank
Products offered
Infrastructure support
Remarks
5.
Central Bank of
India
• Cent Bachat khata
• Cent Vikas khata
• Cent Smart Kisan Credit
Card
• Cent Smart General Credit
Card
• Cent Variable Recurring
Deposit Scheme
• Direct Benefit Transfer
• Brick and mortar branches
• Ultra small branches
• Kiosk-based FI introduced
• BCs
• Kiosk-based banking facility to
provide rural customer services like
funds transfer, balance enquiry,
mini statement, APBS, AEPS, etc.,
taking up urban financial inclusion,
all the five basic financial products
stipulated by RBI for FI customers
provided by bank.
6.
Corporation Bank • Basic Savings Bank Deposit
Account
• General Credit Cards
• Brick and mortar branches
• BCs
• Urban financial inclusion in 114
urban locations spread across 7
states and branded as Corp Shahari
Vittiya Samaveshan Kendra.
7.
Dena Bank
• Basic Savings Bank Deposit
Account
• Direct Benefit Transfer
• No-frills accounts Inbuilt
OD facility
• Remittance facilities
• Dena Kisan Credit Cards
• Dena General Credit
• Cards
• Brick and mortar branches,
• Ultra small branches,
• BCs (Corporate BCs in
urban),
• Biometric ATMs for semi-
literate persons
• Kiosks in urban areas.
• TCS is application service provider
for financial inclusion.
• M/s Geosansar Advisors Pvt. Ltd. is
corporate BC in urban areas
8.
IDBI
• Basic Savings Bank Deposit
Account,
• Smart cards,
• Education loan,
• Fixed deposit
• Recurring deposit
• Micro insurance product—
Grameen Suraksha,
• ATM-enabled Kisan Credit
Card
• Direct benefit transfers
• Distributes MGNREGA
wages
• Brick-and-mortar branches
• Kiosk-based banking
• ICT-based business
correspondent model
• Distributes social pensions through
smart cards
• Set up of Financial Inclusion
Gateway (FIG) and Central
• Authentication Server (CAS), which
facilitates interoperability within the
bank
• Integration of Aadhaar Payment
Bridge System (APBS) with
National Automated Clearing
House (NACH)
9.
Indian Overseas
Bank
• Savings
• Smart cards
• Funds transfer
• Deposits and remittances
• Brick-and-mortar branch
• Special financial inclusion
branches
• Ultra small branches
• BC
10.
Punjab and Sind
Bank
BSBDA
GCC
KCC
• Brick-and-mortar branch
• Ultra small branches
• BC
• Kiosk banking
11.
State Bank of India • Savings bank
• RD
• STDR, remittances
and OD
• Direct benefit transfer, KCC
• BC
• Kiosk banking,
• SBI tiny card
• Mobile rural banking,
• Cellphone messaging
channel
• Linking of villages to branches
through CSPs in a hub-and-spoke
model has been launched.
