SyndicateBank Chairman and Managing Director M.G. Sanghvi has said the bank will ensure that every family living in rural areas has an account by December-end.

This would help beneficiaries of government schemes to get funds directly to their accounts, he said.

Mr. Sanghvi told presspersons here on Thursday that transferring funds directly to the bank account of beneficiaries was an ambitious project of the Union government.

SyndicateBank would join hands with the government to make the project successful. Mr. Sanghvi said the bank had 2,738 branches across the country and it was in the forefront of offering banking facilities to rural people.

The bank would help every family in rural areas to open an account by this month-end.

The bank had set up 1,553 branches and nine lakh accounts were opened in 1,219 villages by March 31, 2012, under the Financial Inclusion scheme, he said.

He said the bank had established an institution to offer vocational training for unemployed rural youth to take up self-employment.

If the government gave land, the bank would construct a permanent building for the institution to expand its activities, he added.


  • This will help beneficiaries of government schemes get funds directly to their accounts

  • The bank has established an institution to offer vocational training for unemployed rural youth


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