Vijaya Bank set to develop 100 digital villages

Jun 6, 2017 16:36 IST

India’s public sector bank, Vijaya Bank is going to develop 100 digital villages spread across various states of the country.

The move is being undertaken by the bank as a part of its initiative to promote digital banking among the rural population.

 Vijaya Bank to develop 100 digital villages

Speaking on the development, Executive Director of the bank, B S Rama Rao said that Vijaya Bank is the only public sector financial institution to develop digital villages with a focus on rural areas and it has already developed five villages including the one in Guntur district.

Key Highlights

• The project of 100 digital villages will be inaugurated within a month.

• The digital villages will comprise services such as internet, Wi-Fi connectivity, mobile payment facilities, ATM cards and online banking among others.

• The bank would also be running a door-to-door campaign to educate the villagers.

• It will also open bank accounts to all the eligible villagers including children and encourage them to make transactions digitally.

• The bank’s digital villages project was developed even before the announcement of demonetisation.

• Already, the bank has developed 5 villages into Digital Villages.

• Out of the 100, Andhra Pradesh will be getting 10 digital villages.

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About Vijaya Bank

• Vijaya Bank is a public sector bank with its corporate office in Bangalore.

• As on March 31 2017, the business worth of the bank is estimated to be ₹229833 Cr.

• The bank has around 1900 branches across the country.

• It boasts of about 13 lakh mobile banking users and 8 lakh Internet banking users.

• It is the first public sector bank to take up such initiative.

• The bank is further working on financing the metro project of the city.

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