SBI Service to Land Port Authority: The Land Port Authority has signed a Memorandum of Understanding (MoU) with the country's largest government bank State Bank of India (SBI).

SBI Service to Land Port Authority: The Land Port Authority has signed a Memorandum of Understanding (MoU) with the country's largest government bank State Bank of India (SBI). Under this, government banks will provide banking services to the Land Port Authority, which includes foreign exchange, export-import, card payment services, and corporate salary packages. This will benefit more than 18 lakh people.

State Bank of India (SBI) Chief General Manager Debashish Mishra said that all these banking services will be provided at the entry and exit points of the Land Port Authority. At present, the Land Port Authority has 15 entry and exit points and 11 more are going to be added to them. Going forward, the bank will expand its services accordingly.

18 lakh people will benefit

He further said that about 18 lakh people travel from our country to other countries like Nepal, Bhutan and Bangladesh through the Land Port Authority. The bank will provide necessary banking services to all these people.

The top SBI official further said that we have 11 branches around the Land Port Authority and will open new branches or banking outlets to further expand our reach.

Facilities will be available here in 6 months

According to Mishra, the bank plans to cover three entry and exit points including Petrapole on the Bangladesh border in West Bengal and Raxaul on the Nepal border in Bihar in the next six months. From where 80 percent of the people come and go. Mishra further said that we will also provide digital banking services to the people along with physical, which will also include net banking, phone banking, debit-credit cards, foreign travel cards and POS. This will also provide one-stop banking solution to the people of the area.

SBI has 50 crore customers

SBI is the largest government bank in the country. It has more than 50 crore customers and has a presence all over the country with more than 22,500 branches. The bank also has 63,580 ATMs.