How SBI's Green Channel Banking works..

State Bank of India (SBI) launched Green Channel Banking (paperless Banking) at select branches some time back. SBI's Personal Banking Branch at Goa-ves Belgaum is now providing the service to its customers.

Here's how it works:

A POS (Point of Sale) machine (similar to the one seen at Shopping Malls) has been placed at desks. The customer swipes his Debit Card and is offered three choices: Cash Withdrawal, Cash Deposit and Funds Transfer.

Using the Cash Withdrawal option, he can withdraw more Cash than he can at the ATM. Also, unlike the ATM, here he can choose the denomination of notes.Similarly, he can deposit Cash using the Cash Deposit option.

I tried out the Funds Transfer option. On selecting the option, I was asked to input the beneficiary's Account number. The system showed me the beneficiary's name and asked me to input the amount to be remitted. I was also asked to authenticate the transaction by inputting my Debit Card PIN(Personal Identification Number). On successful authentication, a message popped-up on the Bank official's screen. On his confirming the transaction, the transaction was completed and a receipt issued showing all details of the transaction.

There are no charges for use of the facility.

About Me

I am currently ( 2017) working as a Sr. Principal Consultant at Atyati Technologies Pvt. Ltd (formerly a Genpact Company)  a company engaged in providing solutions for Financial Inclusion and Micro Finance. My work description includes Business Analysis, Compliance, Quality Assurance, Reconciliation, Automation, Documentation, Anomalous transactions detection by Data analysis etc

I worked as Banking and Finance Domain Consultant at Oracle Financial Services Software Ltd. Mumbai (Formerly, iflex Solutions) in the Software Quality Assurance Department.My work areas included: Functional Specifications Reviews, Test Plan Reviews,  Error Analysis, Documentation Quality Audit, Risk Management, Bid Profitability reviews, etc. I conducted several Advanced Excel Training Programs in the Company. 

Prior to that, I was Chief Manager (IT-Internet Banking) at State Bank of India (SBI)’s Global IT Centre at  Mumbai. i was in-charge of Technical Support, Security, Vendor Management, Contracts, Training aspects of Internet Banking in State Bank of India and its 7 associate Banks. I also won the “Best Trainer” award in SBI at all India Level in 2002 for my  contribution to popularizing use of IT in the Bank during his stint as Faculty Member at the SBI’s Staff Training Centre at Bangalore. I conducted MS-Excel related trainings of different levels during his tenure at SBI.  I worked with SBI from 1980 to 2007 earning rich experience in various capacities in varied Banking Domains: Foreign Exchange, Branch Administration, Retail Lending, Commercial Lending, Agricultural Lending, SME Lending, Personnel (HR),Training, IT (Internet Banking)

Advanced Excel Training/Consultancy at:

Oracle Financial Services Software, Pvt. Ltd. Goregaon, Mumbai

State Bank of India, Staff Training Centre, Bangalore

State Bank of India, Internet Banking Department, Belapur, Navi Mumbai

Institute of Management Education and Research (IMER), Belgaum.

Reynolds Chemequip Pvt. Ltd.  Belgaum

N.G.E.F (Hubli) Ltd. ,Hubli

HLL Healthcare Ltd, Kanagala Belgaum

Sterling Tapes Pvt. Ltd. Belgaum

BTP Structural (India) Pvt. Ltd. Belgaum

Vayavya Labs. Pvt. Ltd., Bangalore/Belgaum

Noorani Corbel Developers Pvt. Ltd. ,Belgaum

Malwan Beach Project, G.S.S. College, Belgaum

Jain Yuvak Mandal’s Educational Institutions, Belgaum

Belgaum Cancer Hospital, Belgaum

Sahyadri School (Krishnamurti Foundation India), Tiwai Hills, Near Rajgurunagar, Pune

Weekend Excel Course for office-goers and professionals a IMER, Belgaum

Other Assignments:

Visiting Faculty at Institute of Management Education and Research, Belgaum

Also I lecture on Finance, Banking at various colleges and institutions.

Contact details:  Rajendra Pai : Mobile: 94835 19900 Email: rspai9@gmail.com

My previous website with Useful Links