Banking and Financial Awareness – 35 Andhra Pradesh Grameena Vikas Bank 1) Which bank of Andhra Pradesh came into news during August, 2013 for having opened about 1.5 lakh no-frills accounts in eight districts on a single day as part of Direct Benefit Transfer (DBT) scheme of the Union Govt.? - Andhra Pradesh Grameena Vikas Bank – APGVB (The 638 branches of the bank together opened 72,122 accounts while the bank’s financial inclusion machinery under branch-less banking business correspondents model opened 75,320 no-frills accounts at 64 villages in Warangal district. These accounts, opened with zero balance and seeded with Aadhar Cards, will be uploaded on NPCI Mapper along with other banks to join Aadhar Payment Bridge to facilitate electronic fund transfer like subsidies, scholarships etc., from the government departments concerned)[divider scroll_text="
Posted on: Sun, 08 Sep 2013 13:44:44 +0000
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