In a move aimed at bringing technology to the door step of farmers, the Guntur District Cooperative Central Bank has launched a mobile banking application. With the help of mobile banking application — Guntur Bank — launched on Monday, farmers, who form a bulk of customers of GDCCB, they can do all banking transactions from their smartphones. Inaugurating the new mobile banking facility at the office of DCCB here, Managing Director of Andhra Pradesh Co-Operative Bank A.V. Bhavani Shankar said that the Reserve Bank of India has given licences to only 28 out of 375 DCCBs across the country to provide mobile banking services. In the State, eight DCCBs have been given licences, out of which Guntur, Krishna, Visakhapatnam and Srikakulum cooperative central banks have launched the facility. Chairman of GDCCB Mummaneni Venkata Subbaiah, CEO D.V. Subramanyeswara Rao, Chief General Manager, APCOB, Kosaraju Tulasi Prasad, were present. Chief Information Officer, APCOB, Srinivasa Rao Muppaneni, said that bank personnel at the GDCCBs would download the mobile applications on the smartphones of customers and explain them about the various services offered. ATM on the move With support from the National Bank for Agriculture and Rural Development (Nabard), a mobile banking van was also given to each district in the State. The mobile banking van, a re-convertible D-Max, has an Automated Teller Machine and is also doubled up as a financial literary centre.“We have been offering core banking solutions, including RTGS/NEFT, for online transfer of funds at all 13 DCCBs and 395 branches ,” Mr. Bhavani Shankar said. Subscribe to The Hindu digital to get unlimited access to Today's paper Find mobile-friendly version of articles from the day's newspaper in one easy-to-read list. Enjoy reading as many articles as you wish without any limitations. A select list of articles that match your interests and tastes. Move smoothly between articles as our pages load instantly. A one-stop-shop for seeing the latest updates, and managing your preferences. We brief you on the latest and most important developments, three times a day. Not convinced? Know why you should pay for news. *Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.
India 's Andhra Pradesh Co-operative Bank is launching a mobile banking app for farmers. The Guntur Bank will let farmers carry out transactions from their smartphones. Only 28 of eight district co-operative central banks (DCCBs) across the country have received mobile banking licences from Guntur District Cooperative Central Bank , according to D.V. Subramanyeswara Rao , managing director of Guntur District Cooperative Central Bank . Of the eight DCCBs in the state of Andhra Pradesh who received them, Guntur is one of four to have launched the facility.