MRHFL and IPPB have entered into an agreement with the objective of making people living in rural areas aware of financial facilities and improving their condition. This will benefit those living in far-flung areas.
Mahindra Rural Housing Finance Limited and India Post Payments Bank Agreement
Mahindra Rural Housing Finance Limited (MRHFL) joined hands with India Post Payments Bank (IPPB) to connect people living in rural areas with financial convenience and help them to easily install loan installments. Through this, MRHFL customers will be able to pay their monthly or quarterly loan installments from any branch of the post office.
Under this agreement, IPPB will provide cash management and collection services to MRHFL through its access points and postal service providers. This can prove to be a better option for providing financial services to the villagers. Such customers will not have to go far to deposit money. Apart from this, if they want some other financial assistance, then they will also be able to get help for this.
Loan will be available
Regarding the partnership, India Post Payments Bank Managing Director and Chief Executive Officer said that due to the development of technology and the changes in the way of business, customers can get the benefit of other financial facilities including loans in an economical and easy way. Will. After this agreement, efforts will be made to change the life in rural areas associated with Mahindra Rural Housing Finance and to promote the huge reach of the postal network.
Villagers will be made aware
IPPB and MRHFL will now jointly tell villagers about the benefits of financial services. At the same time, they will make them aware to take these financial benefits from fulfilling their needs to becoming self-sufficient. This will also increase the income of the people living in rural areas.
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