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State Bank of India has opened a customer service point in Charminar area. It is the 45th such point in Hyderabad and is part of the bank’s urban financial inclusion activity. The service is managed by Geosansar, a corporate banking correspondent of SBI.
Shekar Srivastava, General Manager, SBI, Hyderabad Circle, said that kiosk banking in financial inclusion has been widely successful and Geosansar’s initiatives of Bank on Bike (first of its kind) and mobile banking has been very helpful in rendering wide range of services in the unorganised sector of the country.
S. Ramesh, Managing Director, Geosansar, said that, so far, 59,000 basic savings bank deposit accounts were opened and 3.96 lakh non-home transactions were handled by them in Hyderabad.
Shekar Srivastava added that the kiosks will open basic savings bank deposit account under the liberalised know your customer norms which will offer minimum common facilities to all their customers.
The account does not need any minimum balance. The kiosk will be open from 8 a.m. to 8 p.m. round the year.
Shekar Srivastava, General Manager, SBI, Hyderabad Circle, said that kiosk banking in financial inclusion has been widely successful and Geosansar’s initiatives of Bank on Bike (first of its kind) and mobile banking has been very helpful in rendering wide range of services in the unorganised sector of the country.
S. Ramesh, Managing Director, Geosansar, said that, so far, 59,000 basic savings bank deposit accounts were opened and 3.96 lakh non-home transactions were handled by them in Hyderabad.
Shekar Srivastava added that the kiosks will open basic savings bank deposit account under the liberalised know your customer norms which will offer minimum common facilities to all their customers.
The account does not need any minimum balance. The kiosk will be open from 8 a.m. to 8 p.m. round the year.
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