Maharashtra government to start small bank branches in villages

The government of Maharashtra plans to introduce more than 50,000 new mini-bank branches in some of the small villages of the state.

The government had made it compulsory for Axis Bank, IDFC Bank, Yes Bank and Saraswat Bank to set up mini-ATMs at grocery shops, medical shops and panchayat offices in villages.

These ATMs will help people to open accounts, and deposit, withdraw and transfer money. It will also allow people to pay bills, book for train and air tickets.

The idea is to create a network of bank agents in each village to make Maharashtra a cashless state.

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