Tamil Nadu - Tiruchi   

Bank to start financial inclusion programme

— Photo: R. Ashok.

EXPANSION: Collector Ashish Vachhani inaugurating renovated Cantonment branch of Indian Overseas Bank on Monday.

TIRUCHI: Indian Overseas Bank, the lead bank, will introduce financial inclusion programme in seven select villages in the district this year. A survey is being conducted in these villages for identifying the bread-winners who will open savings accounts with the bank.

The scheme will be launched in Maandurai (in Lalgudi block); Samayapuram (Mannachanallur); Puthanatham (Manapparai); Pulivalam (Musiri); Kattuputhur (Thottiyam); Erakudi (Uppliyapuram) and Marunagapuri (Marungapuri block), the bank’s Field General Manager P. Ramarathinam said.

Talking to The Hindu on the sidelines of the inauguration of the renovated branch of the bank at Cantonment here on Monday, Mr. Ramarathinam said that the bank would open a branch at Tiruverumbur by January next. Six Automated Teller Machines would be commissioned before the end of the current financial year in Tiruchi Railway Junction, Chinthamani, Mannachanallur, Tiruverumbur, Srirangam (all in and around Tiruchi) and Ariyalur in Perambalur district.

Explaining the Tiruchi region’s achievement in various customer-oriented services, he said that the region had covered 200 accountholders under the ‘Health Care Plus’ policy with a premium of Rs.3 lakh during the current financial year.

The premium for the LIC policy was Rs.4 lakh with a customer strength of 600.

The bank had planned to double its deposit and credit services from the present Rs.1 lakh crore to Rs.2 lakh crore by the end of March 2009, he said.

The Chief Regional Manager, Tiruchi, R. Chandran, said that the Cantonment branch had been given a facelift at an expenditure of Rs.15 lakh.

The Collector Ashish Vachhani inaugurated the renovated branch by operating a computer.

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