Banks

KVGB digitises 13 villages in Karnataka

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Promoting the use of digital payments, Karnataka Vikas Grameen Bank (KVGB) has introduced 100 percent digital banking activities in 13 villages in the State.

“Thirteen villages under bank’s jurisdiction are made 100 per cent digital villages for banking activities”, said S Ravindran, Chairman of KVGB.

KVGB has 2,602 service area villages and more than 65 lakh customers in Dharwad, Gadag, Haveri, Belagavi, Bagalkot, Vijayapura, Uttara Kannada, Udupi and Dakshina Kannada districts of Karnataka, reported The Hindu.

The bank provides technology-enabled banking services, including statements, alerts, remittances and fund transfers on mobile phone; Aadhaar-based payments; e-pass book; and micro ATM services under its digital village initiative.

It has extended micro ATM services to the villages under its jurisdiction through business correspondents. This enabled the villagers to do transaction through Aadhaar-enabled payment system and Rupay cards.

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