Press Esc to close

Banking made easy

Mallikarjuna Hosapalya June 07, 2016, 0:02 IST
People of Gunnagere, a nondescript village in Tumakuru district, do not have to waste time and money travelling to towns for bank transactions anymore. They are thankful to Thimmayya, a resident of the village, who has set up a customer service point, which provides many banking services.

Here individuals can open different types of accounts. The account holders can avail all the services and make a maximum transaction of Rs 20,000 per day. It also facilitates loan repayments by self-help groups and joint liability groups of farmers, payments of sale proceeds from the milk society and several such essential services.

Thimmayya opened the kiosk with guidance from the Initiatives for Development Foundation and the Vattikuti India Foundation under the Bank Mitra initiative of the Reserve Bank of India. Here a Bank Mitra works as a representative or agent of a bank and is appointed to provide banking services to common people. Thus, Thimmayya is a business correspondent agent of State Bank of India.

Many families of Gunnagere village are dependent on dairy. Payment of milk sale proceeds from the milk cooperative is also happening through the banking service agent, to the advantage of the villagers. “This centre has made our life easier,” says Jagadeesh, secretary of milk producers society, Gunnagere. Thimmegowda, who is from neighbouring village BT Palya, says, “I’m collecting milk from 36 farmers and all of them got their account opened here.”

Women, elderly people and students, who were deprived of banking services earlier, are benefited from this programme. They have opened bank accounts and deposited savings in it. “For the last 6 months, I am operating my account here. Earlier I had to travel to Kunigal to make bank transactions, which meant spending 2-3 hours travelling and spending about Rs 100. Now it is a matter of just 10 minutes,” explains Ramachandraiah, a villager.

Go to Top

More from this section
Most trending stories
Photo Gallery
Lesser flamingos seen at Aroli creek in Mumbai on Tuesday during winter...

Lesser flamingos seen at Aroli creek in Mumbai on Tuesday during winter...

Israeli boy Moshe Holtzberg, who lost his parents during the 26/11 Mumbai terror attacks...

Israeli boy Moshe Holtzberg, who lost his parents during the 26/11 Mumbai terror attacks...

Border Security Force (BSF)'s women daredevils perfom on motorcycles during a rehearsal...

Border Security Force (BSF)'s women daredevils perfom on motorcycles during a rehearsal...

BSF's marching contingent during a rehearsal for the Republic Day parade, in New Delhi....

BSF's marching contingent during a rehearsal for the Republic Day parade, in New Delhi....

Mauni baba along with his followers arrives to take holy dip at Sangam on the occasion...

Mauni baba along with his followers arrives to take holy dip at Sangam on the occasion...

Israeli Prime Minister Benjamin Netanyahu and his wife Sara Netanyahu pose for a picture...

Israeli Prime Minister Benjamin Netanyahu and his wife Sara Netanyahu pose for a picture...

India's Rohit Sharma, right, jumps as he celebrates with bowler Jasprit Bumrah...

India's Rohit Sharma, right, jumps as he celebrates with bowler Jasprit Bumrah...

Participants trying to tame a bull during the Alanganallur jallikattu in Madurai district...

Participants trying to tame a bull during the Alanganallur jallikattu in Madurai district...

U-19 cricket team coach Rahul Dravid in a group photo with Indian hockey team players...

U-19 cricket team coach Rahul Dravid in a group photo with Indian hockey team players...

pain's Carolina Marin of Hyderabad Hunters and Denmark's badminton player Viktor Axelsen...

pain's Carolina Marin of Hyderabad Hunters and Denmark's badminton player Viktor Axelsen...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.