Our Services

Banking Services

Through our robust framework of Vakrangee Kendra, we aim to provide end-to-end banking services to rural India, which comprises 80% of India's total population.

Through the best breed of functional modules, we endeavour to provide the population access to real-time banking transactions at the Gram Panchayat level through 75,000 Vakrangee Kendra, our retail outlets across Pan India.

With an objective of inclusive growth, our retail outlets, i.e. Vakrangee Kendra, shall offer all banking services offered in a 'Brick and Mortar' branch, with technology-driven real-time connectivity. The real time connectivity shall further be supported by interopearability, which will enable people in ruban India to avail all kinds of banking services.
Our Banking Services include:  
•  Enrolment of banking customers
•  Providing debit and credit cards and PIN
•  Enabling general banking transactions
•  Collection and scrutiny of loan applications
•  Verification of primary data
•  Sale of third-party banking & financial products
Basic Banking
Through Vakrangee Kendra, we wish to provide basic and retail banking services to India's unbanked and under-banked population. Our retail outlets shall offer all the basic banking services and products such as savings accounts, loans, cash withdrawal, cash deposit, account balance enquiries and funds transfer, among others.
List of basic banking services offered at our Retail Outlets:
•  Savings Bank Account Opening
•  Urban Counter Tatkal Remittance
•  Transaction – Deposit
•  Transaction – Withdrawal
•  Transaction – A/C To A/C Remittance
•  Transaction – Tatkal Remittance
•  Account Opening
•  RD Account Opening
•  Deposit In RD Account
•  Cash Credit
•  Repayment In Term Loans
•  Fixed Deposit
•  Retail Loans
•  Overdraft
•  Insurance
•  Micro Pension
•  SHG Management
Direct Benefit Transfer
The Direct Benefit Transfer (DBT) scheme is an anti-poverty program launched by the Government of India. It aims to facilitate delivery of all social welfare benefits by direct credit to the bank
accounts of beneficiaries.

Through the DBT scheme, the Government aims to route all the social security payments through our banking network, using the Aadhaar-based platform as a unique identifier of beneficiaries.

We are a key participant in the DBT scheme as we enable the transfer of subsidies directly to the scheme beneficiaries through Vakrangee Kendra, thus eliminating the middleman. DBT will be routed
by processing the scheme benefits and payments into the Aadhaar-linked bank accounts of the scheme's beneficiaries.

Besides offering convenience to the beneficiaries, the DBT scheme ensures transparency and also terminates pilferage from distribution of funds sponsored by the Government.
Prime benefits currently offered are:
•  Pension for old people
•  Scholarship for students
•  Wages for labourers
•  LPG subsidy
Pension Transactions
The new National Pension Scheme (NPS) promoted by the Pension Fund Regulatory and Development Authority (PFRDA) of India is aimed towards promoting the security of income to pension subscribers in their old age.

We aim to participate in this endeavour of the Government through Vakrangee Kendra, our retail outlets in rural India, where the pension subscribers can personally visit to withdraw their pension amount credited by the Government into their Aadhaar-linked bank accounts. Pension subscribers can access their pension fund/amount through our robust retail network of Vakrangee Kendra.