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Monday, March 9, 2015

Commonwealth Inclusive Growth Foundation

Commonwealth Inclusive Growth Foundation
General Information

Name of BC Company
Commonwealth Inclusive Growth Foundation(CIGF)

States of Operations
Tamil Nadu, Karnataka (Proposed to commence), Andhra Pradesh (Proposed to commence)

Banking Partners
(In Tamil Nadu - ICICI Bank, Indian Bank, Lakshmi Vilas Bank)  (In Karnataka - Indian Bank)  (In Andhra Pradesh - Indian Bank)

Technology Partner
CIGS; TCS; Atom Technologies

Year Established
2009

Overview

Commonwealth Inclusive Growth Foundation (CIGF) is a Section 25 Company and it is a non-profit Organization. CIGF will engage Business Correspondents (BC) for ‘last-mile’ delivery of financial Services like micro-finance, savings and other financial services, through the Commonwealth Financial Inclusion Card Solution on behalf of banks in India.

Mode of Operations

1) Name of the Product: Financial Inclusion
2) Category of Product: Savings, Remittance, Insurance
3) Outreach (Number of Clients):  ~ 50,000 customers
4) Key Feature and Benefits of the Product:
The Financial Inclusion Solution of CIGS, one of the TSP Partners of CIGF, is Inter- operable, across the BC Agents of the same bank as well as other banks.  Further, a host   of Delivery Channels, like, EDC Machines, ATM, Mobile, IVR, Internet Banking, etc., could be enabled, to give the customers a wide variety of choices & convenience.


Product Offered

Currently, customers would be able to get the services from any of CIGF’s BC Agents of   the Partner Bank. As and when FI Inter-operability gets regulatory approval, these customers would be able to avail of the FI services from any of the BC Agents / CSPs. Inter-operability, besides improving the customer service, also improves the chances of BC viability. Similarly, as and when the Partner Bank and regulatory mandate is in place, the FI customers would be able to enjoy the benefit of accessing multiple Delivery Channels, like, ATM, Mobile Banking, etc.

Contact Details

Email

Website

Fax
91-44-2372 0161

Telephone
91-44-3098 9999
91-44-2372 0160

Postal Address
#27, Dr. Ambedkar Road Kodambakkam Chennai – 600 024 Tamil Nadu, India

Contact Person
Mr. Mahesh Ramachandran

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