The Reserve Bank of India has decided to grant permission to the domestic scheduled commercial banks to open administrative offices and central processing centers in rural, unban and semi urban areas of the country.
This is a move from the central bank to boost up the Financial Inclusion Plan that is meant to equip all the villages of population more than 2,000 with basic banking facilities before March 2012.
The new guidelines will enable the banks to set up administrative offices in Tier 3 to Tier 6 centers including north eastern states and Sikkim, subjected to report.
RBI has categorized the centers with a population of more than 49,999 as Tier 3 to Tier 6 centers, based on the 2001 census. Such administrative offices will strictly attend back end operations and will not be indulged in any kind of customer dealings.