Ujjivan Small Finance Bank has launched 39 Unbanked Rural Centres in the East region. The Indian citizens in rural areas will now be able to avail banking services in these centres. These rural centres have been set up in unbanked areas of West Bengal, Assam, Bihar, Jharkhand, Tripura and Orissa.
It has been the aim of Delhi Government to make banking services accessible to the rural people and thus bring more people into the formal banking system. Also, Reserve Bank of India has made it mandatory for the banks to open 25% of their new branches in the unbanked rural areas as part of the financial inclusion plan. It granted permission to the domestic Scheduled Commercial Banks including Public-sector banks to open branches in rural areas without any necessity of prior-approval from RBI.
The 39 centres have been receiving tremendous response with the residents availing banking services from them. Apart from these centres, the bank has also set up 7 Business Correspondents in Howrah and Hoogly district of West Bengal wherein people are seeking financial support for agriculture, weaving and other businesses. To get more unbanked and underbanked customers into the formal banking system and help them be a part of Digital India is the aim of Ujjivan Small Finance Bank.
Click to check Ujjivan Small Finance Bank Home Loan Process.
Kindly note that the opening of any bank branches is a commercial decision taken in accordance with the branch opening policy of RBI. The necessity of the branch opening depends on the vaibility and requirement of banking facilities in the area.
(Ujjivan Small Finance Bank is a small finance bank licensed by the Reserve Bank of India on 11th November, 2016. It established itself to extend financial services to the financially unserved population. Since 2016, it has been offering loans to Indian resident individuals. The bank currently has its presence across 24 states in the country. Now with its centres in rural areas, it will cater to the financial needs of rural people).
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