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RBI allows RRBs to open extension counters at places of worship

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The Reserve Bank of India is planning to open counters at places of worship and markets to provide wider access to customers.

RRBs however shall be required to obtain necessary licence from the concerned Regional Office of RBI (RPCD). The extension counters will provide limited banking services such as deposit/withdrawal transactions, issuing and encashment of drafts and mail transfers, issue and encashment of travellers cheques, sale of gift cheques and collection of bills. RBI has already allowed RRBs to open extension counters within the premises of big offices, factories, hospitals, military units and educational institutions with prior approval of their board and after obtaining licence from the concerned RPCD.

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