Indian Bank launches IB SAATHI initiative, banking services will increase, customers will benefit
Public sector Indian Bank on Saturday launched ‘IB Saathi’ initiative to provide an integrated ecosystem for all stakeholders in the financial sector.
The ‘IB Sustainable Access and Aligned Technology for Total Inclusion’ (SAATHI) initiative seeks to provide customers with a better experience in providing basic and advanced banking services, the bank said in a statement. Banking representatives will play an important role in this.
The bank’s Managing Director (MD) and Chief Executive Officer (CEO) S L Jain launched the initiative at the corporate office. Through this initiative, Indian Bank intends to provide basic banking services for a minimum of four hours per day in certain designated branches, while its banking representatives will provide services directly at the doorstep of customers.
Customers get 36 different services
Indian Bank plans to deploy around 5,000 banking representatives by March 2024 and this is expected to increase the reach and availability of the bank. This public sector bank currently has around 10,750 banking correspondents and 15 corporate business correspondents.
Currently, the bank offers 36 different types of services to customers through the Banking Correspondent channel and more than 60 services will be added during the financial year 2024-25, the release said.
Indian Bank has extended the investment time by 300 days in special FD schemes called Ind Super 400 and Ind Supreme that offer higher interest rates. , The bank has extended the last date for investment in these till 31 October 2023. Industries Super 400 Days- This special FD offers high interest rates for 400 days on investments ranging from Rs 10000 to less than Rs 2 crore. Indian Bank will now offer interest rates of 7.25% to the general public, 7.75% to senior citizens and 8.00% to very senior citizens.
