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BANKING TECHNOLOGY | Tony Chua, India
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SBI kicks off mobile banking scheme for villagers

Villagers only need to produce a certificate from the headman along with photographs for opening of accounts.

State Bank of India launched Monday mobile banking facility for providing services to villagers at their door-steps.

SBI Managing Director A Krishna Kumar handed over the "Bank on Wheels" vehicle to Meghalaya Rural Development Society at the SBI Shillong Branch premises in Shillong.

Kumar said the vehicle would cover unbanked areas and create financial literacy and awareness of banking habit among the rural masses, according to a report in Economic Times.

"A total number of 662 unbanked villages were allotted to SBI to be covered with March 31 next year and already 496 villages were covered," Kumar said.

He said opening of bank accounts would be very simple for villagers in the state and they would only need to produce a certificate from the headman along with photographs.

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