ICICI Bank opens 101 gramin branches across six states

Recognizing the potential of rural India and importance of financial imageinclusion ICICI Bank opened 101 gramin branches across six states namely across Maharashtra, Rajasthan, Andhra Pradesh, Gujarat, Madhya Pradesh and Tamil Nadu which will provide basic banking services such as savings bank account, fixed and recurring deposit, remittances, credit cards and tractor loans.  They will also service business correspondents.

The bank is assisting in electronic benefit transfers for disbursement of wages to the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) workers and the Social Security Pension beneficiaries.

Saral Money Prepaid Card

  • It also launched the Saral Money Prepaid Card along with the Unique Identification Authority of India (UIDAI).
  • The card can be used to deposit or withdraw money from various customer service points using finger print authentication.
  • It will facilitate financial transactions without a bank account and will also be used to receive government subsidies and benefits.

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Categories: Banking Current Affairs 2018India Current Affairs 2018

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