Vakrangee Limited (VL) has recently informed exchanges that the company has partnered with Canara Bank as a Corporate Business Correspondent (CBC) to provide essential banking services through its extensive Vakrangee Kendra network. This collaboration focuses on enhancing financial inclusion in underserved and unbanked areas, particularly in the East Zone of Canara Bank’s operations.
The partnership aims to strengthen rural banking infrastructure, ensuring convenient access to critical financial services in remote locations. Vakrangee Kendras will offer a comprehensive range of banking services, including:
- Opening of savings, fixed, and recurring deposit accounts
- Fund transfers, deposits, withdrawals, and loan repayments
- Assistance with RuPay debit cards, cheque book requests, and account inquiries
- Enrollment in social security schemes such as PMSBY, PMJJBY, APY, SSY, and PPF
- Aadhaar seeding and authentication
- Pension payments and Jeevan Pramaan life certificate updates
This initiative underscores Vakrangee’s commitment to bridging the financial inclusion gap and transforming banking accessibility in rural India.
