Banking services to come up at Panchayat offices in rural sector as soon as possible

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Bhubaneswar, Nov 17: As the people in the rural areas are badly suffering from this new demonetization as they are not getting new notes due to a lack of banks there, thus the Odisha government has decided to come up with banking services in Panchayat offices as soon as possible. This was decided in a meeting at the State Secretariat presided by the Chief Secretary, Aditya Prasad Padhi yesterday evening.

The meeting was also attended by senior bureaucrats and bank officers. Panchayati Raj secretary Deo Ranjan Singh, RBI General Manager, Bhubaneswar, Prasanna Kumar Das and Additional Secretary, Finance, Tapan Kumar Pradhan were also present at the meeting.

The chief secretary asked the bank officials to appoint the members of woman self-help groups (SHGS) and Bank Mitras of Odisha Livelihood Mission as Bank Correspondent (BC) to ensure banking services in unbanked panchayats. It was decided by the Principal Secretary, Tuhinkant Pande that any efficient panchayat or block level employee would be appointed as BC and the concerned banks would allow the BCs appointed by them for offline deposit and withdrawal of money. As per the Reserve Bank of India (RBI) guidelines, the BCs are allowed to do this offline job for one day. The chief secretary asked the banks to allow their BCs for larger transaction of money and give details of the BCs appointed at the panchayat level. It was decided that the BCs will report about their presence to the concerned Panchayat Sarpanches who will provide space to them in the panchayat office to discharge their duty. Besides, of the 8251 BCs appointed by various banks, 84 percent of BCs are now on duty.

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Apart from this, the State Bank of India (SBI) was asked to provide adequate number of new notes to the post offices to enable the people to exchange their old notes. Besides, those having no postal account will be allowed to instantly open account and deposit their money. At present, there are a total of 6056 ATM counters in Odisha of which about 75 percent ATMs have been made operational. Till date, about Rs 6000 crore of old notes have been exchanged with new notes while people have been allowed to deposit old notes in their account and withdraw new notes.

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