"Urban Financial inclusion Program" - A pilot Project

NICT is working as business Correspondent of Bank of India for the disbursement of social security pension at Different zonal offices of Indore Municipal Corporation of India. NICT is having a Agreement with bank of India for this pilot project. This is very first scheme started at Madhya Pradesh at Indore.

Role and Responsibilities as Business correspondent:
1. Opening of Accounts of senior citizen of Indore city covered under the social security pension scheme of government. The pension will be given by Indore Municipal Corporation.
2. Issuance of Identity cards to citizens.
3. Payments of monthly pension to above account holder.
4. Information regarding their account balance.
5. Receipt and Delivery of small value remittance.
6. Any other services on behalf of the bank of India Duly authorize by the appropriate authority.