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Cooperative bank launches mobile app

In a move aimed at bringing technology to the door step of farmers, the Guntur District Cooperative Central Bank has launched a mobile banking application.

With the help of mobile banking application — Guntur Bank — launched on Monday, farmers, who form a bulk of customers of GDCCB, they can do all banking transactions from their smartphones. Inaugurating the new mobile banking facility at the office of DCCB here, Managing Director of Andhra Pradesh Co-Operative Bank A.V. Bhavani Shankar said that the Reserve Bank of India has given licences to only 28 out of 375 DCCBs across the country to provide mobile banking services. In the State, eight DCCBs have been given licences, out of which Guntur, Krishna, Visakhapatnam and Srikakulum cooperative central banks have launched the facility. Chairman of GDCCB Mummaneni Venkata Subbaiah, CEO D.V. Subramanyeswara Rao, Chief General Manager, APCOB, Kosaraju Tulasi Prasad, were present. Chief Information Officer, APCOB, Srinivasa Rao Muppaneni, said that bank personnel at the GDCCBs would download the mobile applications on the smartphones of customers and explain them about the various services offered.

ATM on the move

With support from the National Bank for Agriculture and Rural Development (Nabard), a mobile banking van was also given to each district in the State. The mobile banking van, a re-convertible D-Max, has an Automated Teller Machine and is also doubled up as a financial literary centre.“We have been offering core banking solutions, including RTGS/NEFT, for online transfer of funds at all 13 DCCBs and 395 branches ,” Mr. Bhavani Shankar said.

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