faq

How Much is Required to Open An Account with A Rural/Community Bank?

A minimum amount between ¢2.00 to ¢5.00 is required to open an account with a Rural and Community Bank

Can a Customer Access His or Her Account From Branch/Agency of His/Her Bank?

A customer of a Rural/Community Bank cannot access his or her account or cash money from a Branch/Agency of the Bank because agencies stand alone and are not networked in terms of computerisation. However, some RCBs agencies have radio communication links with each other. Such banks can easily access their customers' balances.

How Easy Is It To Have Access To Credit From A Rural /Community Bank?

It is easy to access credit from a Rural/Community bank because credit facilities are appraised and approved at the local level by a credit committee.