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SBI adopts Bhagabanpur village in Odisha

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KalingaTV News Network

Bhubaneswar: The Kalinga Nagar branch of State Bank of India (SBI) has adopted Bhagabanpur village, located in the outskirts of the State capital, in a bid to make the villagers  adapt to cashless transactions.

At a special function held in the village, Praveena Kala CGM of SBI, Odisha, said that it was an initiative to make all residents of the village to transact digitally promoting towards cashless economy.

On this occasion, the SBI has provided free android phones with a USB based fingerprint capture device to all the merchants of the village.

With this move, the villagers can purchase grocery, medicine or other things with digital transaction starting from Rs 5 to Rs 2000. No extra charge will be levied for such service.

The transaction will be completed instantaneously. The consumer’s account will be debited by the value of the goods or service purchased and the merchant’s bank account will duly be credited.