HDFC Bank : Relief to HDFC Bank borrowers, now loan installment will be deposited at nearest CSC; Learn every detail

CSC-HDFC Bank Launches EMI Collection Services for Business Correspondents

Customers who have taken loan from HDFC Bank will now be able to deposit the loan installment at the nearest CSC (Common Service Center). HDFC Bank and CSC e-Governance Services India Limited on Thursday launched EMI Collection Services for Business Correspondents of CSC-HDFC Bank in the country. Through this, it will be easy for the customers to pay the installment and they can go to their nearest CSC and deposit the outstanding loan amount.

In order to deposit the loan installment at CSC, customers have to share the loan number, registered mobile number / PAN / date of birth with the Village Level Entrepreneur (VLE) so that cross verification can take place. The CSC-HDFC Bank correspondent or VLE loan account will be able to check the amount due on the system by matching the registered phone number of the customer. After this, VLE will give the receipt of several amount of collect to the customer and will deposit the amount in the prescribed form with the bank.

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Regarding this partnership, Dr. Dinesh Tyagi, MD, CSC e-Governance Services India Limited said, “Once the facility of EMI collection is introduced by CSC, customers will not need to go to the bank branch and deposit that EMI at their nearest CSC. Will be able to save your time. This will expand financial services for citizens located in rural and remote areas of the country.

Installments can be deposited for which loan

According to Dinesh Luthra, National Head, CSC Channel, HDFC Bank, “This campaign will run with the social programs we are running, under which we are in the social pyramid with financial literacy, financial inclusion and income generation skills among the people Are promoting. Under this campaign, CSC and HDFC Bank will use the services provided by the Business Correspondent to collect the outstanding loan / regular EMI of the loan taken by the customers. Business correspondents will act as deposit points for HDFC Bank customers in areas such as auto loan, two-wheeler loan, personal loan, business loan and sustainable livelihood campaign. ”

Network of over 1 lakh VLEs

The statement further said that HDFC Bank’s partnership with CSC will take banking and financial services through more than 1 lakh VLEs to the doorsteps of people living in remote areas. These VLEs will be supported by the branch distribution network of HDFC Bank in 30 states. This system will ensure access to formal banking to millions of people in rural India.

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