IDBI Bank has launched ‘Urban Financial Inclusion Programme’ (UFIP) at Dhobi Ghat near Mahalaxmi area in Mumbai. This step taken by bank is part of its new initiative so as to expand its banking facilities to the financially excluded people in urban areas. Besides, this initiative taken by the bank is also in line with the directives of Ministry of Finance, requesting banks to cover urban poor, slum dwellers and inhabitants of urban/metro villages under Urban Financial Inclusion Programme.
As part of the UFIP at Dhobi Ghat, accounts with limited / relaxed KYC would be opened and Smart Cards would be provided to customers to do all transactions, viz. deposit, withdrawal and remittance through Business Correspondent Model. In addition, remittance facility through NEFT and M-Remit through the IMPS would be provided to the customers in the area.
IDBI Bank is the youngest, new generation, public sector universal bank that rides on a cutting edge core banking Information Technology platform. This enables the Bank to offer personalized banking and financial solutions to its clients through its 999 branches and 1592 ATMs.
