Sunday, April 5, 2015

Warm welcome to 12 crores Bank Customers


          This Press Release announces the addition of 12 crores bank customers to the digital banking channel.

          12 crores bank customers with accounts in 19,000+ branches of 56 Regional Rural Banks (RRBs) can experience of the joy of Safe eTransactions through their RuPay cards.

          The need to withdraw physical cash from their bank accounts and use the same for shopping has been eliminated with their RRB Bank being part of the NPCI RuPay network.

          At the same time, the bank customers can also opt for digital payments through the NACH Debit channel.  At present all the RRBs have been enabled for NACH Credit. A few RRBs are on NACH Debit too. In the near future all the RRBs will be live on NACH Debit too.

          A brief history of RRBs can be read here.
          NACH Debit details are explained in this presentation.
Benefits to RRBs
1)     Migration of customers from RRBs to other public/private sector banks reduced.
2)    Increase in average balance in the saving bank accounts.
3)    Readymade pool to extend other ancillary services

Advantage to customers
a)     No need to maintain multiple bank accounts.
b)    Personal touch banking can still continue, as the RRB customers can continue to visit their base branches for routine banking activities.

Gains to businesses
01)  Launch tailor made products for RRB customers.



List of RRB Banks
Sr.No
Bank Code
BANK NAME
Type
1
AGVX
ASSAM GRAMIN VIKASH BANK
RRB
2
APGB
ANDHRA PRAGATHI GRAMEENA BANK
RRB
3
APGX
ANDHRA PRADESH GRAMEENA VIKAS BANK
RRB
4
APRX
ARUNACHAL PRADESH RURAL BANK
RRB
5
ARYX
GRAMIN BANK OF ARYAVART
RRB
6
AUGX
ALLAHABAD UP GRAMIN BANK
RRB
7
BGBX
BIHAR GRAMIN BANK
RRB
8
BGGX
BARODA GUJARAT GRAMIN BANK
RRB
9
BGVX
BANGIYA GRAMIN VIKASH BANK
RRB
10
BRGX
BARODA RAJASTHAN KSHETRIYA GRAMIN BANK
RRB
11
BUGX
BARODA UTTAR PRADESH GRAMIN BANK
RRB
12
CGBX
CHHATTISGARH GRAMIN BANK
RRB
13
CGGX
CHAITANYA GODAVARI GRAMEENA BANK
RRB
14
CMPX
CENTRAL MADHYA PRADESH GRAMIN BANK
RRB
15
DEGX
DENA GUJARAT GRAMIN BANK
RRB
16
DGBX
TELANGANA GRAMEENA BANK
RRB
17
EDBX
ELLAQUAI DEHATI BANK
RRB
18
HGBX
SARVA HARYANA GRAMIN BANK
RRB
19
HMBX
HIMACHAL GRAMIN BANK
RRB
20
JGBX
JHARKAND GRAMIN BANK
RRB
21
KGBX
KAVERI GRAMEENA BANK
RRB
22
KGSX
KASHI GOMTI SAMYUT GRAMIN BANK
RRB
23
KLGB
KERALA GRAMIN BANK
RRB
24
KVGB
KARNATAKA VIKAS GRAMEENA BANK
RRB
25
LDRX
LANGPI DEHANGI RURAL BANK
RRB
26
MADX
MADHYANCHAL GRAMIN BANK
RRB
27
MBGX
MADYA BIHAR GRAMIN BANK
RRB
28
MDGX
RAJASTHAN MARUDHARA GRAMIN BANK
RRB
29
MERX
MEGHALAYA RURAL BANK
RRB
30
MGBX
MAHARASHTRA GRAMIN BANK
RRB
31
MGRB
MALWA GRAMIN BANK
RRB
32
MRBX
MANIPUR RURAL BANK
RRB
33
MZRX
MIZORAM RURAL BANK
RRB
34
NJGX
NARMADA JHABUA GRAMIN BANK
RRB
35
ODGB
ODISHA GRAMYA BANK
RRB
36
PABX
PALLAVAN GRAMA BANK
RRB
37
PASX
PASCHIM BANGA GRAMIN BANK
RRB
38
PBGX
PUDUVAI BHARATHIAR GRAMA BANK
RRB
39
PDNX
PANDYAN GRAMA BANK
RRB
40
PGBX
PRAGATHI KRISHNA GRAMIN BANK
RRB
41
PRTH
PRATHAMA BANK
RRB
42
PUGX
PUNJAB GRAMIN BANK
RRB
43
PURX
PURVANCHAL GRAMIN BANK
RRB
44
SAGX
SAURASHTRA GRAMIN BANK
RRB
45
SJGX
SUTLEJ GRAMIN BANK
RRB
46
SPBX
SAPTAGIRI GRAMEENA BANK
RRB
47
SUBX
SARVA UP GRAMIN BANK
RRB
48
TGBX
TRIPURA GRAMIN BANK
RRB
49
UBGX
UTTAR BIHAR GRAMIN BANK
RRB
50
UGBX
UTKAL GRAMEEN BANK
RRB
51
UKGX
UTTARBANGA KSHETRIYA GRAMIN BANK
RRB
52
UTGX
UTTARAKHAND GRAMIN BANK
RRB
53
VGBX
VANANCHAL GRAMIN BANK
RRB
54
WKGX
VIDHARBHA KOKAN GRAMIN BANK
RRB
55
XJKG
J&K GRAMEEN BANK ACH
RRB