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HDFC Changing Rural Banking In India Forever

HDFC Changing Rural Banking In India Forever

by The Daily Eye Team August 7 2015, 3:55 pm Estimated Reading Time: 0 mins, 33 secs

In remote villages and deep hinterland of India, installing and  maintaining an ATM machine is a huge challenge. But banking needs to be spread and rural population are demanding easier methods of withdrawing and depositing cash. HDFC Bank has come up with a unique solution for this problem: handheld devices with biometric verification which can deliver all the services which are expected from a traditional ATM. Infact, as a pilot project, HDFC Bank had been using such handheld devices in rural areas since October, 2014, and as per the bank, more than Rs 1 crore worth of transactions have already been accomplished using 1550 of such handheld

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