Financial Services |


Access to proper financial services plays a vital role in rural economic growth. Of the nearly 500 million households in India, only 29% have a bank account. Rural households account for 68% of households, but Rural branches are only 29% of all branches, and account for only 7% of deposits and less than 6% of all credit in India.

* We provide account opening services, including e-KYC and electronic document collection. The data is gathered by field agents using tablet devices and then uploaded to the host systems in synchronous or asynchronous mode.

* We also provide services for loan origination and servicing from disbursal to collections – for individuals, JLGs and SHGs. This includes collateralized loans, with electronic data collection.

* We conduct financial literacy programs directed at people who are not conversant with financial products and their usage, to ensure that accounts that are opened are used actively.

* We enable customers to enroll their accounts for Direct Benefits Transfer schemes, as appropriate.

* We also provide cash deposit and withdrawal services so that people can operate their accounts.

* We provide bill collection services, enabling customers in distant locations to make payments towards their loans, utility bills, micro-pension and insurance obligations

* We enable customers to register themselves for electronic bill payment services in order to minimize the need for cash withdrawal.