Common Service Centres to work as banking correspondents of HDFC bank

HDFC Bank CEO Aditya Puri said that all the facilities which are available in cities will be made available to people in rural areas through CSCs

A move that will lead to financial inclusion in rural areas, Common Service Centres (CSCs) have partnered with leading private sector bank HDFC to work as banking correspondents.

CSCs, which work under the public private partnership (PPP) model, are one of the mission mode projects under the Digital India programme. As part of the agreement, village level entrepreneurs (VLEs) managing the CSCs will operate as banking correspondents of HDFC Bank. There are around 300,000 CSCs across the country. The move will allow CSCs to offer all the banking facilities of HDFC bank to rural population like deposits, withdrawal and also