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Ultra Small Branches

 

 

Ministry of Finance, Government of India, advised that Ultra Small Branches should be set up in all Financial Inclusion villages presently covered and to be covered in future. Our Bank is implementing Financial Inclusion in 127 villages of 61 branches covering East Godavari, West Godavari and Guntur Districts. As per Govt. of India guidelines, Our Bank has opened Ultra Small Branches in all the Financial Inclusion villages.
One officer will be visiting the village with a laptop with wireless VPN connectivity. The designated officer would clear applications for new account opening, Loans, recovery follow-up and business development. He can give information to the account holders about the account balance or a print out of the bank statement etc. The officer shall also undertake various verification, field inspections, etc, for allowing undertaking of banking functions at villages.
When the Ultra Small Branch reaches the desired level of business, the branch can be upgraded into a regular brick and motor branch.

 

 

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