Financial Inclusion

1860 266 2666

Local call rates apply


What is Financial Inclusion?

Financial Inclusion is the delivery of banking services at an affordable cost to vast sections of disadvantaged and low income groups. The key focus of Financial Inclusion includes four products:

  • A pure savings product with inbuilt overdraft facility
  • A Recurring Deposit product
  • A Remittance product and
  • Entrepreneurship credit in the form of Kissan Credit Card (KCC) / General Credit Card( GCC)

Key Objective of Financial Inclusion

  • Extending formal banking system among the less privileged in urban & rural India.
  • Weaning them away from unorganized money markets and moneylenders.
  • Equipping them with the confidence to make informed financial decisions.

Key Industry Initiative towards Financial Inclusion

  • Introduction of Basic Saving Bank Deposit Account (BSBDA) and Small accounts
  • Introduction of Business Correspondent (BC) Model for service delivery in remote areas
  • Adoption of Information & Communication Technology (ICT) based model for enhancing outreach.
  • Integration of Electronic Benefit Transfer (EBT) for disbursement of Govt. Grants
  • Extending of Direct Benefit Transfers to Aadhar linked savings accounts


KMBL's initiative towards Financial Inclusion (as on 31st March 2016)

  • KMBL has more than 7.73 Lakhs BSBDA opened under its Financial Inclusion Initiative.
  • The Bank has started its ICT based Financial Inclusion Initiative at Balodabazar, Bilaspur, Gariabandh & Mungeli District of Chhattisgarh, Silvassa district of Dadra & Nagar Haveli and is also present in the State of Andhra Pradesh, Karnataka, Telangana, Tamilnadu by offering E-Passbook and Smart Cards along with BSBDA.
  • Kotak Mahindra Bank has covered 130 villages through its own rural bank branch network and 523 villages by way of engaging Business Correspondents.

Register for Alerts & Services
Apply for Products
Tools & Calculators