Buoyed by the success of PMJDY, a
number of cooperative banks have sought clarification from Reserve Bank of
India, as to whether the cooperative banks can open PMJDY Accounts.
Dr.Alok
Pande Director in Department of Financial Services, has issued a circular stating
the minimum requirements cooperative banks should have to open PMJDY Accounts.
As per the circular, Cooperative
Banks (Urban/Rural) which are on CBS (Core Banking Solution) and are having
arrangement with NPCI for issuance of RuPay Debit Cards are eligible to open
accounts under PMJDY.
This is one more step towards 100% banking
coverage to all Indian households by 26th January, 2015.
As on date 200+ cooperative and gramin
banks can issue RuPay Debit Cards. The banks are spread over all over India.
In one of the biggest initiatives towards
institution capacity building, NABARD is facilitating the process of bringing
the Co-operative Sector onto Core Banking Solution (CBS) platform.
A total of 201 State and Central
Co-operative Banks with 6,940 branches from 16 states & 03 UTs of the
country, viz. Punjab, Haryana, Gujarat, Maharashtra, UP, Chhattisgarh, MP,
Bihar, Karnataka, Tamil Nadu, Kerala, Uttarakhand, Sikkim, Himachal Pradesh,
Jammu & Kashmir, Arunachal Pradesh, Chandigarh, Puducherry and Andaman
& Nicobar have joined “NABARD initiated Project for CBS in Co-operatives”.
Two vendors, viz. TCS and Wipro, are
implementing the ambitious project across the country.
Of the 201 banks with 6 ,940 branches under
NABARD Project, 200 banks and 6,939 branches are fully on CBS as on 31st August
2014. This includes 114 new branches which were directly opened on CBS
platform.
