The following facilities are implemented in the Bank. Customer can enjoy these facilities from the Bank by opening an account / linking aadhaar with account.
DBT (Direct Benefit Transfer)
It is a scheme launched by Government of India to transfer the benefits and subsidies of various social welfare schemes like LPG subsidy, MNREGA payments, Old Age Pension, Widow Pension, Scholarships, Central & State Govt subsidies etc. directly in the bank account of the beneficiary. Open an account with our Bank and apply for benefits.
DBTL (Direct Benefit Transfer for LPG Subsidy)
It is a scheme which provides the LPG subsidy amount applicable on the domestic LPG cylinder directly into the consumer’s bank account. Link your Account with LPG and enjoy the benefit through the Account.
Aadhaar Payment Bridge (APB) System
It is a unique payment system implemented by National Payments Corporation of India (NPCI), which uses Aadhaar number as a central key for electronically channelizing the Government subsidies and benefits in the Aadhaar Enabled Bank Accounts (AEBA) of the intended beneficiaries. APB System is used by the Government Departments and Agencies for the transfer of benefits and subsidies under Direct Benefit Transfer (DBT) scheme launched by Government of India.
Link your aadhaar number with account to enjoy the APB benefits. Application for linking aadhaar with account will be available from the menu download zone / application form
NACH
The National Payments Corporation of India (NPCI) has implemented an electronic payment service termed as “National Automated Clearing House (NACH)” for banks, financial institutions, Corporates and Government Departments. NACH has both Debit and Credit variants. NACH (Debit) & NACH (Credit) aims at facilitating interbank, high volume, debit/credit transactions, which are bulk and repetitive in nature.
NACH Credit is used by an institution for affording credits to a large number of beneficiaries in their bank accounts for the payment of dividend, interest, salary, pension etc. by raising a single debit to the bank account of the user institution.
NACH Debit is the product of NPCI to provide a better & efficient Mandate based debit services to the banks such as loan installment repayment, LIC premium, KSFE chitty etc..
These facilities are also available in our Bank.