Availability of basic banking facilities such as Aadhaar Enabled Cash Deposit into any Bank A/c and Cash Withdrawal from any Bank A/c through the CHiPS Common Service Centres (CSCs)
Partnership announced in the presence of Dr. Raman Singh Ji, Chief Minister of Chhattisgarh
Raipur, January 25, 2018: YES BANK, India’s fifth largest private sector bank, has partnered Government of Chhattisgarh as the ‘Sole Banker’ for onboarding Chhattisgarh Infotech Promotion Society (CHIPS – the e-governance service arm of the Govt. of Chhattisgarh) CSCs as Business Correspondent agents.
As per the agreement, YES BANK will extend its services to the residents of Chhattisgarh via a network of over 11,000 CHiPS agents. Services will include Cash deposit into any Bank A/c and Cash Withdrawal from any Bank A/c. YES BANK will also offer other value added services, such as BBPS (Bharat Bill Payment System) recharges (including Mobile bill payment, DTH Recharge, Water and Electricity bill payments amongst others), travel bookings etc., which will ensure a sizeable additional monthly income source for these Village Level Entrepreneurs (VLE).
The announcement about YES BANK’s partnership with the Govt of Chhattisgarh was made at the Chhattisgarh Infotech Promotion Society (CHIPS) Foundation Day and Rural Entrepreneurship Summit organized by CHiPS.
Hon’ble Chief Minister of Chhattisgarh Dr. Raman Singh Ji and other dignitaries at CHIPS Foundation Day and Rural Entrepreneurship Summit
Commenting on the partnership, Ritesh Pai, Chief Digital Officer, YES BANK said “YES BANK has been a pioneer in innovating digital technologies. With special focus on developing state-of-the-art financial products and solutions alongside bringing the unbanked into mainstream banking, we are pleased to on board CHiPS (e-governance service arm of the Govt. of Chhattisgarh) as Business Correspondent and their retail outlets as BC agents.”
“As part of Government’s unrelenting efforts towards ensuring last mile banking services for the citizens of Chhattisgarh, we are pleased to announce our partnership with YES BANK. As per the agreement, YES BANK will on board Chhattisgarh Infotech Promotion Society Common Service Centres (CSCs) as Business Correspondent agents. Post implementation, basic banking facilities such as Aadhaar Enabled Cash Deposit and Cash Withdrawal from any Bank A/c will be accessible through these CSCc.”, said Alex Paul Menon, CEO, Chhattisgarh Infotech Promotion Society and Joint Secretary, Information Technology, Government of Chhattisgarh.
About YES BANK
YES BANK is a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to Retail, MSME as well as corporate clients.
YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 28 states and 8 Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.
For more information, please visit the Bank’s website at http://www.yesbank.in/