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Tuesday, March 10, 2015

Swadhaar FinAccess

Swadhaar Fin-Access
General Information

Name of BC Company
Swadhaar FinAccess

States of Operations
Maharashtra, Gujarat

Banking Partners
Bank of Baroda, Bank of India, Central Bank of India, Dena Bank, State Bank of India, Union Bank of India

Technology Partner
Swadhaar FinServe Pvt. Ltd

Year Established
2005

Overview

SFA is a Section 25 non-profit Company registered under the Companies Act of 1956, founded in the year 2005 by Ms. Veena Mankar and Ms. Haseena Vahanvaty. SFA focuses on empowering economically disadvantaged persons, predominantly women living in slum communities by:  
1) Imparting financial education, 
2) Facilitating opening of no-frills savings accounts for its clients. 
3) Distributing affordable micro-life insurance policies as an agent of Life Insurance Corporation of India (LIC).


Mode of Operations

1.  To provide a range of financial services to the costumers at very reasonable cost including saving, credit, insurance, money transfer and remittance.
2.  Financial and institutional sustainability as a mean of providing access to financial services overtime.
3.  Multiple provider of financial services wherever feasible so as to bring cost effective and wide variety of alternative to costumers.

Product Offered

1. No-frills zero balance savings account.
2. ATM card that can be used at any of the Citibank ATMs, as well ATM’s of other banks.
3. Cheque book on request (T&C apply)
4. SFA facilitates Citibank’s Pragati Account only in Bandra in Mumbai.
5. Cash deposit and withdrawal happen through ATM
6. Very little KYC requirement
7. Cash deposit as low as Rs.10
8. Due to ATM interface customer more comfortable

Contact Details

Email
info@swadhaar.org
ptelang@swadhaar.org

Website

Fax
91-22-26261234

Telephone
91-22-26261234

Office Address
Swadhaar FinAccess: Tenement 1/3 & 1/4, Old MHB colony,Anand Nagar, Santacruz E, Mumbai - 400 055

Contact Person
Ms. Preeti Telang, CEO

1 comment:

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