Bank of Maharashtra adopts a village in Sangli for digital transactions

Posted on:28 Dec 2016 09:36:01

Bank of Maharashtra adopts a village in Sangli for digital transactions
28 December 2016 Current Affairs GK: Pune based public sector lender Bank of Maharashtra, has helped to make the village of Malangaon, in Sangli district, Maharashtra, a completely cashless village. Post the announcement of withdrawal of 500 and 1000 currency notes and the push towards a cashless society financial inclusion became the need of the hour, and the bank officials with the help of the District collector and several government officials adopted the village.

Bank of Maharashtra has fully supported the government’s push to a cashless society and our initiative of making Malangaon cashless from end to end is a testament to the fact. Aadhar linked bank accounts make it easy for everyone in the village to perform banking transactions by the simple use of their fingerprint. 

All businesses that were disrupted post demonetisation because of their heavy dependence on cash have continued to be performed seamlessly because of an intensive education drive and the efforts of bank officials from the Shirdhon branch to bring everyone into the fold of new-age, digital banking. 

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