India’s First Rural Bank to issue ATM Card, Launched in Salem

Customer-friendly: Collector J. Chandrakumar (extreme left) launching the ATM cards of Pallavan Grama Bank to D. Bhuthalingam (GM, Indian Bank, Coimbatore), in Salem on Monday.Pallavan Grama Bank has become the first Regional Rural Bank in the country to launch the Indian Bank co-branded ATM cards for its customers.

Launching the same here on Monday, Collector J. Chandrakumar lauded the efforts of the Pallavan Bank, which he said had been doing good services to the rural populace.He further added that the bank with its innovative schemes had been performing well.He also released a booklet on ‘Guidelines for Recognition and Settlement of Claims relating to Deceased Depositors’ account and on policies’.General Manager, Indian Bank Circle Head Office, Coimbatore, D. Bhuthalingam received it.

Named as Pallavan Bank ATM crads, its customers could withdraw money from any of 1,092 Indian Bank ATMs established in the country with a maximum of Rs. 25,000 as withdrawal amount per day. Its Chairman G. Rangarajan spoke in detail on various schemes of the bank and its future development. It also was determined to take the advanced banking to rural areas, he said.

The bank had touched Rs. 1,300 crores of business and second to none in automation of banking with ATM facility.