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