Kerala Ration shops will offer banking services likely from May

The ration shops or public distribution outlets in Kerala will henceforth double up to provide banking services from May 2022 onwards. Sources in the state public distribution department informed that of more than 14,000 ration shops in the state, around 800 shops with facilities would offer the service.

The major proposal is to provide banking services through the Electronic Point of Sale (EPoS). Sources said that four banks have evinced interest in offering the services and chips will be installed in existing ration cards to bring out the project of banking through ration shops. Other proposals that will be offered through ration shops include power bills payment facilities, payment of water bills and to include more provisions like in Maveli stores in areas where the Supplyco units are not there.

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