August 30, 2017
Karur Vysya Bank (KVB), a leading bank in the private sector in India, has opened its first rural digital centre in an unbanked rural village in Erode district.
There is a Cash Recycler Machine installed in the centre, recently opened in Kathirampatti, which will be useful for the locals to deposit and withdraw money in their preferred time and a pass book printer has also been installed.
The centre is powered with high speed wifi connectivity and has a couple of tablets to enable the customers to perform self-service banking and other transactions like train ticket booking, mobile top-ups and so on, a Bank release said here today.
The local merchants have been provided with micro ATMs which will enable them to receive payments based on Aadhaar Enabled Payment System (AEPS).
KVB has already brought on board about 57 per cent of the local population by opening their accounts and campaigns have also been held to sensitize and educate the villagers and the merchants on the use of digital services.
The bank has plans to expand this service in more such villages across India for the benefit of people living in rural areas.