Banking Services

Vakrangee has emerged as leading player at the forefront driving financial inclusion and social inclusion initiatives through its network of Kendras providing Business Correspondent Banking Services. Vakrangee is a Business Correspondent to major public sector banks that offers an advanced platform for real-time, paperless, inter-operability banking, which provides a unique service experience to the customers. Our Kendras render comprehensive banking services to the unbanked and underbanked population of India.

Service Offerings

Bank Account Opening
Cash Deposits, Withdrawals, Money Transfer
Fixed and Recurring Deposits
Balance Enquiry, Statement of Accounts
Disbursement of money under Direct Benefit Transfer
Lead generation for loan products

Key Features and Benefits

  • Our outlets are located at the Gram Panchayat level or village locations so that the customers need not travel long distances
  • Our outlets are open for banking services beyond normal banking hours thus providing convenience
  • All our outlets offer paperless and biometric enabled banking to enable the uneducated rural population to do transactions in ease
  • We provide interoperable banking across 26 banks if the user’s account is linked to Aadhaar number

SBM Banking services are available on real time basis and are Biometric Aadhaar enabled services. You can open your Free bank account, avail services like cash deposit, withdrawals, fixed deposit, money transfer & any other banking services from here. Cash Withdrawal of multiple banks - Cash Withdrawal service of multiple Banks is possible through Aadhaar (AePS). There is also a facility of Free Debit card to be provided to all account holders.

Key Advantages of SBM Bank Account:

  • Free Real-time Zero balance account opening for Customers
  • Debit Card for Account Holders
  • Zero Account Opening / Maintenance Charges for Customers
  • Interoperable banking : Cash withdrawal from all bank accounts through Aadhaar
  • No charges for cash withdrawal / cash deposit transactions

Key Advantages of SBM Bank FD / RD:

  • One of the Highest Rates in the Market
  • Instant FD / RD Account Opening for Existing SBM Bank Customers
  • Available for flexible tenures starting from a minimum of 7 days to a maximum of 10 years
  • Additional 0.5% p.a Interest for Senior Citizens

Service Partners

Success Stories

Baburao Devkate

Tier 4 Location
Ageing of Outlet - 3 Months
“I have earned Rs. 54,886 From BFSI - Banking Services in just 1 month”
165 Number of Accounts Opened
Rs. 2,29,85,527 Total Transaction Value
Copyright © 2020 Vakrangee Limited