Our Business Associates

Our Business Associates

SIGN entered into Business Correspondent Agreement with premier Banks to serve the BOP people

Partnering Banks

 

State Bank of India

State Bank of India (SBI) is an Indian multinational, public sector banking and financial services company. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra. As of 2014-15, it had assets of 20.480 trillion (US$300 billion) and more than 14,000 branches, including 191 foreign offices spread across 36 countries, making it the largest banking and financial services company in India by assets. The company is ranked 232nd on the Fortune Global 500 list of the world’s biggest corporations as of 2016.

SIGN is running 600 plus Customer Service Points (CSPs) with State Bank of India & one of its sponsored Rural Bank namely UTKALGRAMIN BANK (UGB).

How functional our Customer Service Points (CSPs) /KIOSKs with SBI:

Our functional responsibilities are to manage various financial and Reputational Risks for the ‘Low-value – High Volume’ transactions. As of now (JULY2016) around 150000 numbers of transactions are routed through our KIOSKs.

Union Bank of India


The Bank now operates through over 4200+ branches across the country. The Bank’s core values of prudent management without ignoring opportunities is reflected in the fact that the Bank has shown uninterrupted profit during all 96 years of its operations.

The Government of Odisha has authorized UNION BANK for disbursement of all Social Benefit of the Central and State Government. SIGN is managing 73 CSPs for the bank in 8 western districts of Odisha under PMJDY in addition to 2 districts under EBT.

As of now NO service charges are levied to customer by the bank on the services being offered through Customer Service Points. For any complaint, please contact Mr Amit Mondal at 090385 75727 or email at amitsamvriddhi@gmail.com

JULY. 2016

No of Rupay Transaction Amount No of AEPS Transaction Amount Total No of Transaction Total Amount
7,683 3,467,200 1,590 4,417,961 9,273 7,885,161

PROSPECTIVE TIE-UPS:

We are in the process of tying up with one of the largest MFI in India. The group earned the coveted License for a Small Bank from Reserve Bank of India. By next Jan.2017, we expect to start the process of putting up around 3500 KIOSKs for them in the Central and Eastern Region.

 

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