HDFC Bank, India’s leading bank, announced the inauguration of more than 100 Banking Correspondent Centres (BCC) in Uttar Pradesh, Jammu & Kashmir, Bihar, Assam, Telangana, Odisha, and across many other states in India. These centres will function as a mini branch, with Village Level Entrepreneurs (VLEs) assisting customers to avail banking products digitally. The VLEs, who are existing micro-entrepreneurs and are delivering Government-to-Consumer (G2C) services, now will additionally provide banking products and services to deeper geographies of the country. With access to a wide range of banking products, the BCs can now tap into a new revenue stream. This transformative opportunity opens doors to sustainable growth, further strengthening their role as key drivers to unlock financial inclusion.

The launch is aimed to provide a seamless banking experience to SURU customers to help fulfill their unmet financial needs. These centres will raise awareness of HDFC Bank products at the grass-root level and promote customer interest. They will offer a wide portfolio of banking services, including account opening with biometric, FD/RD, AePS enabled cash deposit & withdrawals, loans, social security schemes and even EMI Collection facility. All HDFC Bank products and services will be seamlessly integrated into CSC’s Digital Sewa Portal, providing BCs with a comprehensive suite of banking products at their fingertips. 

Ms. Smita Bhagat, Group Head, Government and Institutional Business, Alternate Banking Channels and Partnerships, Inclusive Banking Group and Start-Ups, HDFC Bank said, “We are delighted to inaugurate Business Correspondent Centres in over 100 pin codes across the country. These centres will offer a wide range of banking products and services digitally across India’s towns and villages. This launch is another example of HDFC Bank’s unwavering commitment towards financial inclusion”.