Vedavaag Systems has signed an agreement with Bank of Baroda as their National Business Correspondent (BC) for PAN India Operations. As part of this arrangement, Vedavaag will be setting up over 500 Customer Service Points (CSP) in the next 12 to 18 months across India. This is a kiosk based banking model that extends banking services to citizens for opening new bank accounts, cash deposits and withdrawals, DMT (Direct Money Transfers), AEPS (Aadhaar Enabled Payment Services), BBPS (Bharat Bill Payment Services) and implementation of various Social Security Schemes of the central and state governments such as Direct Benefit Transfers (DBT), PMJJBY, PMSBY, PMKSNY, etc.
The company is presently working with other banks to further expand the BC operations. It is strongly committed to add many more value added financial services to the rural citizens by leveraging its vast network.
Vedavaag Systems is a niche player of e-governance solutions and citizen services infrastructure management. The company offers E-Governance Solutions, Knowledge Center Solutions, Citizen Service Delivery, New Services e-Integration.
| Company Name | CMP |
|---|---|
| TCS | 2581.65 |
| Infosys | 1318.60 |
| HCL Tech. | 1442.50 |
| Wipro | 204.35 |
| Tech Mahindra | 1511.85 |
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