NEWS & ADVICE : SAVINGS ACCOUNTS
AP Grameena Vikas Bank adds 125 ultra-small branches
By Neelima Shankar
Feb 6, 2013
Print    Email    RSS   

State Bank of India sponsored regional rural bank, Andhra Pradesh Grameena Vikas Bank (APGVB) adds another 125 ultra small branches across the state.

AP Grameena Bank now has total of 230 branches. Mr. K Lakshmana Rao, Chairman of APGVB said, "We are proposing to open another 170 USBs to take the total tally to 400 by March 2013".

The new opened branches are likely to be converted into full-fledged branches on attaining a sizeable business volume following the Reserve Bank of India's guidelines.

The ultra small branches have been opened in villages having population of more than 2000 and it is also a part of financial inclusion plan by providing doorstep banking services to customers through business correspondents.

"The bank is in the process of switching over to the Aadhaar Enabled Payment System (AEPS) to extend Direct Cash Benefit Transfers (DBT) of various Government schemes by deploying micro-ATMs in these USBs," Mr. Rao added.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Carnival of Indian Personal Finance Blogs #1
Carnival of Indian Personal Finance Blogs #4
Steps to file Income Tax return online
Credit profile and its effect on loan...
How to check balance in savings bank account


I WANT TO CHECK MY SAVING ACCOUNT BALANCE IN IOB...
My passbook missing how to find account nrb
I have sallard account in icici bank bt I lost my...
Account number
SBI ACCOUNT HOLDER DETAILS OF ACCOUNT NUMBER...
can i know my account balance?

NEWS THIS WEEK
HDFC bank adjudged as the Best private bank in India Feb 16, 2015
HDFC reported an increase of 20% in its net profit Feb 16, 2015
ICICI bank launched Flash remit facility Feb 13, 2015
BOM launched new savings deposit scheme for HNI customers Feb 12, 2015
BMB bank to have a total of 80 branches by the March end. Feb 10, 2015
News Archive