Fintech | ArthRural

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Arth Fintech

Presently, Arth Rural is primarily engaged working with two of the largest Public Sector Banks- State Bank of India & Bank of Baroda in providing Banking Services through Customer Service Points (CSPs’) in the states of North-East India, Odisha, Bihar, Delhi-NCR, Chhattisgarh, Uttar Pradesh and Maharashtra as a Regional Business Correspondent (BC) from 2011. Arth Rural has 1200 banking kiosks working to the satisfaction of the bank. We have a strong team of 70 professionals placed in North East, Delhi and Odisha offices.

Arth Business Correspondences

At Arth, our business correspondents expand financial services to rural areas. Business correspondents, are representatives of banks who play a crucial role in helping villagers open bank accounts and access financial services. Their activities are like opening new accounts, processing transactions, and facilitating loans.

AEPS: Aadhaar Enabled Payment Service

DMT: Direct Money Transfer Service

New Account Opening & Government Schemes

Eligibility for Kiosk Banking

With the advancement of technology, digital banking has become an essential part of an individual financial journey. Financial institutions now provide a variety of services that help people achieve financial stability. However, even though digital banking is becoming more prevalent in major cities, they are yet to be available for everyone.

Villages where network connectivity is still an issue, a lack of physical branches makes it difficult for account holders to access bank services.

The Reserve Bank of India introduced Kiosk Banking Services to ensure that everyone, especially those in remote areas of India, have access to banking services.

Individuals can use Kiosk to access banking services such as cheque transfers, transactions, balance inquiries, cash deposits or remittances, and the likes of it, without having to visit a bank branch.

Business Correspondent's Instrument of Change

ARTH’s vast network of 3,000+ business correspondents cover over 3,000 villages in India by going door-to-door and promoting banking products and services and simultaneously increasing and improving financial literacy. With ARTH’s business correspondent services banks

Accelerate the growth and expansion of Bank's customer-base with marginal increase in Customer Acquisition Cost

Grow CASA deposits and meet depository targets.

Mitigate credit risks with ARTH’s real-time audit and risk management

Make banking convenient, accessible and easy, with ARTH’s business correspondents taking the bank to the customer’s doorstep.

Distribute Govt. social security schemes and DBT (direct benefit transfers) safely and securely.

Meet the Team

Swastik Soumya Mohanty

Banking professional with strong product development & interpersonal skills experience in managing complex programs across the industry like Financial Inclusion-Banking, KIOSK & POS model banking New Payment Solution like AEPS/ IMPS/ Rupay/ NETC. He has held significant roles in renowned organizations such as HCL Infotech, SERI, FINO Paytech & CSC E Governance in delivering E_Governance & Financial inclusion project.

Santanu Patwary

Dynamic and visionary professional with a proven track record of driving successful projects and leading teams to achieve outstanding results. Known for a strategic and collaborative approach, with a keen eye for innovation and excellence. Adept at navigating complex challenges and delivering impactful solutions in diverse industries. Having Experience in Strategic Planning, Team Leadership, Project Management, Innovation and Creativity, Stakeholder Engagement Financial Management

Santosh Shirke

Santosh the CFO of ARTH group is a finance professional with MBA and SAP FI-CO Certification. Mr. Shirke is having 25 years of experience across Financial & Accounting Operations, MIS, Cash Flow Management, and Budgetary Control.

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Raju Khanna

A seasoned professional with a wealth of experience in the kiosks and event industry. His extensive background in sales and business development, particularly in areas like Kiosks, IT Solutions, and the BFSI domain, showcases his expertise.