Financial Inclusion Plan
List of BCs Appointed
As per extant guidelines issued by
the Government of India, Reserve Bank of India, NABARD and Indian Bank
(Sponsor Bank), our Bank is implementing Financial Inclusion Plan in 68
villages with population having more than 2000 in Dharmapuri,
Krishnagiri, Cuddalore, Villupuram and Salem districts.
The bank has
completed the implementation of the FIP in all the 68 allotted villages with
population above 2000 and 154 villages having
population below 2000 covering all our 5 command districts.
A comprehensive financial inclusion
plan for our bank has been formulated as PALLAVAN SEVA GRAM PROJECT which includes all aspects of Financial Inclusion activities. The survey
has been conducted by our branches in the allotted villages involving
various outside agencies like NGOs, School teachers, Farmers Club etc.,
to assess the number of eligible households not having bank accounts and
those who are not availed any Banking facilities so far. The branches
have completed survey in all allotted villages.
The bank has introduced two new products
Ø One being Pallavan Akshaya Savings Bank, a No Frill product having mandatory overdraft facility from 500/- to5000/- which will be provided at the time of opening of account itself.
The other one is Pallavan Kathiroli Kanakku, a
General Credit Card product to cater the need for small traders by
providing overdraft facility upto
PALLAVAN AKSHAYA - SB CUM OVERDRAFT FACILITY – NO FRILL SAVINGS BANK ACCOUNT
All the No frill accounts in the allotted villages will be provided with inbuilt overdraft facility.
It is a No frill account having mandatory requirement of overdraft from 500/- to 5000/- which will be provided at the time of opening of account itself.
The limit under SB/ OD facility will be decided by the branch based on the felt need of No frill account holder.
Pallavan Kathiroli Kanakku - General Credit Card
This product is designed to provide overdraft facility to the existing no frill account holders who are included in the Financial Inclusion Plan to carry out any economic viable business proposition.
Eligible house hold can be provided with a limit not exceeding 25000/-