Chennai: State Bank of India, on Saturday launched three bank-on-wheel vehicles here, selected to visit villages across the week to expand their banking services. With these, Tamil Nadu will now have 7 such mobile banks.
With the launching , Pratip Choudhuri, chairman of SBI, said that the Bank-on-Wheels programme was part of the financial enclosure plan of SBI. Under this system, the mobile banks will visit 6 villages twice a week at a programmed time and camp there for 2 hours to serve the people.
Two of these vans will indulge different parts of Chennai and Tiruvallur districts, whereas the third will be used in Pudhucherry.
During the event, a Toyota Innova and an Eicher mini bus were being revealed to Mohan Foundation and MedIndia Charitable Trust respectively.
“As part of the bank’s corporate social responsibility programme, we earmark one percent of our net profits annually to be given to an organisation working for a noble cause,” Said Pratip Choudhuri.
“There are only two conditions for an organisation to fulfil to avail of this: donations to the organisation should be eligible for tax exemption under 80 G, and the organisation should have an account with the SBI,” he said.