The account holders of cooperative banks are
eager to embrace the latest banking technology in their routine banking
activities. Absence of an ATM Cards was
a major drawback for the cooperative banks.
With the launch of RuPay Card by
NPCI, the cooperative banks had a chance to attract more SB accounts into their
fold.
In this regard, West Bengal State
Cooperative Bank has taken the initiative to join the RuPay
network, as the first State Co-operative
Bank to take join the National level ATM
(NFS) network of the country.
Dr
Prakash Bakshi,
Chairman of NABARD was in Kolkota to inaugurate this technology project during
the last week of December.
The major benefit will be to the
customers of 17 District Central Cooperative Banks under their ambit, as the
RuPay card can be issued by the respective district central cooperative banks
to their customers.
The bank was originally registered
in 1918 as ‘The Bengal Provincial Co-op. Federation Ltd.’ It was renamed as the
‘The West Bengal State Cooperative Bank Limited’ in 1967.
As it is the number of ATM’s being opened
in Tier II and Tier III towns is on the increase. The ATM’s should have a
minimum of transactions to break-even. Hence the more the ATM Cards, the more
chances of high transactions on ATMs’.
