HDFC Bank will launch its state-of-the-art 'Bank on Wheels' van facility in Tamil Nadu's Virudhunagar district on January 24 with the aim to provide banking services in unbanked and under-banked villages.
An initiative of the bank's Rural Banking Business (RBB), the 'Bank on Wheels' van will visit select villages every week located within a radius of 10-25 kilometres in Virudhunagar district. It will visit each village twice a week and will offer 21 banking products and services.
Tamil Nadu will become the fifth state after Gujarat, Maharashtra, West Bengal, and Punjab where this service will be made available to people.
The van will be flagged off by Sashidhar Jagdishan, Managing Director & CEO of HDFC Bank at Virudhunagar Vyaparigal Sangam in presence of Anil Bhavnani, Sr Executive Vice President, and Head Rural Banking, RBB and Sanjeev Kumar, Branch Banking Head – South.
Anil Bhavnani, Sr Executive Vice President & Head Rural Banking, RBB, HDFC Bank said, "We are pleased to take banking to people’s doorstep through this initiative and improve access to banking in the underbanked locations of the district. The 'Bank on Wheels' van will be manned by our bank staff and will offer a number banking services, including Cash Deposit Machine and ATM services, and an exclusive range of products designed specifically for rural banking customers. Going forward, we plan to launch this initiative in several other states".
Facilities/services available at HDFC's Bank on Wheels
The following products and services will be available on the 'Bank on Wheels' van:
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Products Services
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Savings Account Cash Withdrawal
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Farmers Account Cash Deposit
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Current Account Cheque Deposit
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Fixed Deposit Account Aadhar Linking with Bank Account
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Kisan Gold Card Account Nomination
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Gold Loan Banking Queries
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Tractor Loan Mobile Banking
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Car Loan Digital Banking With UPI
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Two-wheeler Loan Financial Literacy
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Home Loan Social security scheme by GOI
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Dukandaar Express Overdraft
