ENP Newswire -
Release date- 26022014 - First private sector bank to launch Mobile Branch with ATM.
Launched in Bhubaneswar by Hon'ble Chief Minister of Odisha, Mr.
The 'Branch on Wheels' is a first of its kind initiative by any private sector bank in
The 'Branch on Wheels' is a mobile branch with an ATM. It offers a wide range of banking products and services such as savings accounts, loans, cash deposit/withdrawal, account balance enquiries, statement printing and funds transfer/DD/PO collections, among others.
The 'Branch on Wheels' will be operated on a van. It will be stationed at specific timings of the day in pre-identified, unbanked villages at specified locations. It is equipped with a GPS tracking system, laptops with 3G connections, LED TV, a safe, a printer, public announcement system, an UV Lamp that detects forged cheques, a note counting-cumauthentication machine that identifies fake currency notes and a unique low weight ATM.
Odisha is the third state where
The launch of 'Branch on Wheels' at Bhubaneswar augments the Bank's wide range of initiatives undertaken in Odisha and signifies its commitment for extending banking services to the remote locations in the state. The Bank recently also launched collection of state government taxes through its branches and internet banking platform.
The Bank has an extensive network of over 200 ATMs and 80 branches in the state, including four branches in unbanked villages. The Bank also operates a 24X7 Electronic Branch at Kharbela Nagar, Bhubaneswar which was launched in August,2012.
The Bank has nearly 800 rural branches, including 440 in the hitherto unbanked areas. In Odisha, the Bank has opened 20 lakhs basic savings accounts and has a network of 229 business correspondents bringing banking services to around 1400 villages.
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