The Mobile Van Banking System, launched by Indian Bank in Thalli in Denkanikottai taluk three months ago, has received good response from the villagers in and around Thalli, says a release here on Wednesday.

Project Officer of Mahalir Thittam, who is the nodal officer for the scheme, said the bank had achieved a transaction of Rs. 60 lakh and secured as many as 1357 new accounts within three months of launching the new facility.

The facility was launched by Rajeev Rishi, Executive Director of Indian Bank, on June 15, 2011, in Thalli with an objective of covering the villages having a population of more than 2,000 people within the service area of Thalli branch.

The Mobile Van Banking van will visit Palamkotta village every Monday, and will be stationed there between 11 a.m. to 2 p.m.

It will visit Achubalu village every Tuesday, Madakkal village every Wednesday and Friday, Agalakotta every Thursday and Marupalli village every Thursday, the release said.

Besides these revenue villages, the Mobile Banking system will also go to the adjoining villages such as Chennamalam and Ulibenda located beyond Jawalagiri Reserve Forest.

It also says the facility aimed at inculcating in the rural masses the habit of prudent savings through established and organised institutions and all the services offered by commercial banks like National Electronic Fund Transfer (NEFT) and Real /Time Gross Settlement (RTGS) modes.

In some pockets in the area, the banking service was delayed due to poor mobile connectivity due accessibility to the Wireless Wide Area Network (WWAN) server of the bank.

  • The bank achieved a transaction of Rs. 60 lakh
  • It has also secured 1357 new accounts in 3 months