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FI Branch in Vattavada

Dedicated our 601st branch to Vattavada for Financial Inclusion through technology

Overview

  • KGB has opened its 601st Branch in Vattavada Panchayat of Idukki District
  • Vattavada is largely an agrarian village which is situated at a distance of 42 km from Munnar town, surrounded by forests.
  • Opening a branch in Vattavada was a challenge considering the topography and the distance from nearest town, i.e.; Munnar
  • Against the odds, we opened a branch along with an ATM in Vattavada to provide banking services to the villagers.
  • Within three months of opening, the branch has opened around 3600 SB accounts through eKYC which is a record
  • We are associating with Department of Agriculture and Farmers’ Welfare in their Special Agriculture Zone Project
  • We also have plans to transform the village into a cash-lite economy
  • KGB is undertaking a pilot project of Cash-lite economy in Vattavada in collaboration with NPCI and MicroSave
  • KGB has opened its 601st Branch in Vattavada Panchayat of Idukki District
  • Vattavada is largely an agrarian village which is situated at a distance of 42 km from Munnar town, surrounded by forests.
  • Opening a branch in Vattavada was a challenge considering the topography and the distance from nearest town, i.e.; Munnar
  • Against the odds, we opened a branch along with an ATM in Vattavada to provide banking services to the villagers.
  • Within three months of opening, the branch has opened around 3600 SB accounts through eKYC which is a record
  • We are associating with Department of Agriculture and Farmers’ Welfare in their Special Agriculture Zone Project
  • We also have plans to transform the village into a cash-lite economy
  • KGB is undertaking a pilot project of Cash-lite economy in Vattavada in collaboration with NPCI and MicroSave

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