The Ernakulam District Co-operative Bank Ltd - bird …bird-cpec.in/wp-content/uploads/2018/02/4-Ernaculam-DCCB-Ecobanet...The Ernakulam District Co-operative Bank Ltd. The Ernakulam

The Ernakulam District Co-operative Bank Ltd.

The Ernakulam District Co-operative Bank LtdP.B.No.4, Head Office, Kakkanad, Kochi 30.

AN ISO 9001 : 2008 CERTIFIED BANK

mission & vision ….


The Ernakulam District Co-operative Bank LtdP.B.No.4, Head Office, Kakkanad, Kochi 30.

AN ISO 9001 : 2008 CERTIFIED BANK

best IT initiatives….

ECOBANetErnakulam CO-operative BAnk’s Network

1. A comprehensive technology platform formulated by EDCB team through which the entire co-operative Credit institutions affiliated to the Bank are brought under a common technology platform

2. Member institutions will be able to provide all the most modern technology enabled Banking products and services to their members and account holders on a real time basis at their own office premises itself.


set objectives ….

• Direct Benefit Transfer [DBT] of Govt. Subsidies, Interest subventions and other such grants into PACS’ customer accounts

• Issue RuPay Cards and Kisan Credit Cards (KCCs) to the customers of PACS

• Access to Delivery channels like ATM and PoS all over India for PACS’ customers.

• Provide RTGS / NEFT facilities to PACS’ customers, at the PACS premises itself.

• Retain PACS customers with PACS itself and thereby avoid migration to other banks.


ECOBANet

Objectives

facilities to PACS ….

• ATM services to all PACS Account holders

• Rupay KCC to all the member Farmers

• RTGS/ NEFT services

• E-Commerce services

• POS/MPOS

• DBT/CTS /ECS services

• Mobile Passbook Services


ECOBANet

Facilities to PACS

forms a financial Inclusion model ….

best model of financial inclusion in which every person in the district can get all the modern Banking facilities through:

• Affiliated PACS - 164

• Retail Banking Branches of PACS - 492

• EDCB Branches - 65

• EDCB ATM's - 47

• EDCB Micro ATMs - 100


ECOBANet

Financial Inclusion

contd ….

• Total Banking outlets Increased to 868

• Able to reach a Co-operative Banking outlet within 1.6 KM

• True Financial Inclusion and

• Affordable Banking


ECOBANet

Financial Inclusion

implemented and inaugurated the solution ….

• Inaugurated by Honorable Minister of Co-operation

• In the presence of CGM , NABARD Mr Sundar , Former CGM Mr Ravindranath ,

• Special Secretary of Co-operation Government of Kerala, and RCS etc.


ECOBANet

Implemented and inaugurated 12th August 2017

explains the model ……next...

Components:• DBT • RuPay Kisan Cards (KCC), • SB Mirror Accounts, • RuPay Debit Crads, • NEFT / RTGS to PACS • ePassBook

explains technology …..


ECOBANet

the model explained

• The IT-led model for mirroring PACS accounts and integrating DBT with Aadhaar-enabled SB accounts and RuPay Cards. To operationalize this model, the IT-team of EDCB developed a set of software applications called the

• “Mirror [Server]” and “Mirror [Client]”.

• With these applications, a customer of PACS can open an Aadhaar-enabled SB / KCC account at the PACS-level itself,

• Get access to a RuPay Debit card, transfer funds using NEFT/RTGS • Perform transactions at inter-operable ATMs/Micro ATMs • Able to use the Debit Card at merchant establishments. I• PACS customer can access to a whole new world of technology-enabled

banking services never experience before!in-house developed software …..


ECOBANet

the technology

“KCC Mirror Software (Server)” a bridge with the Accounts in the PACS software and the Mirror accounts in EDCB

“KCC Mirror Software (Client)” installed in every PACS branches, through which the transaction entered synchronises with Mirror Accounts in EDCB Books and those in PACS books.

model pictorialised ….


ECOBANet

the software

EDCB SERVER

KCC HOST

FINACLE HOST

The Ernakulam District Co-operative Bank Ltd [EDCB]

Debit - CD [DBT] with EDCBSyn

chro

nis

edDebit - CD with RBI A/c

Credit - SB SOC [DBT] Individuals

Debit - SB SOC [DBT] Individuals

Credit - SB [DBT] Individuals

Rupay Debit Cards

KCC Individual Accounts

KCC Rupay Cards

EDC

B S

WIT

CH

NPCI [DBT]

NPCI [NFS]

DB

T

BANCS

ATM

POS

POS

ATM

ATM POS

ATM POS

PACS Branch

PACS Customers

PACS and

EDCB CustomersPACS

CustomersPACS Customers

RBI / Govt.

Credit - CD SOC [DBT] A/c

K Y

C :

D

BT

Acc

ou

nt

Op

enin

g

NEFT /RTGS

PACS Customers

PACS customers open Mirror accounts [separately for SB and KCC] in the EDCB with proper KYC, through PACS branches

“RuPay ATM cards” and “RuPay Kisan Cards” [for SB/KCC accounts, as the case may be] will be issued on these accounts and will be delivered to PACS customers through the respective PACS branches.

These cards can be operated from any of the RuPay enabled ATM/PoS across India.

PACS has to maintain a “CD Settlement Account” with EDCB for settling the transactions happening through the ATM/PoS.


ECOBANet

SB/KCC Mirror accounts

flows the transaction ….next…


ECOBANet

Mirror Accounts: Transaction Flow

component : DBT .... next ...

• The Direct Benefit Transfer initiative of the GoI.

• Make available Government benefits and subsidies directly to the bank accounts of the beneficiaries.

• PACS, not being banks, are able to extend modern banking facility to its customers .

• Able to retain their Customers in the Co-operative fold.

Hence a solution ....next...


ECOBANet

DBT to PACS Members

DBT FLOW

Credit - CD SOC [DBT] A/c

Debit - CD [DBT] with EDCBDB

T P

roce

ss

Syn

chro

nis

ed

Debit - CD with RBI A/c

Credit - SB SOC [DBT] Individuals

Debit - SB SOC [DBT] Individuals

Credit - SB [DBT] Individuals

FINACLE

HOST

K C C

HOST

Rupay Cards

KCC Accounts

KCC Rupay Cards

Debit - KCC SOC Limit A/c

DBT/ KCC/ RUPAY The Ernakulam District Co-operative Bank Ltd [EDCB]

• PACS customers who are in need of LPG subsidies should have a bank account in a CBS-enabled bank, whereas their existing PACS account is not so.

• To facilitate such customers, EDCB developed and offered this software component in its existing KCC/SB Mirror Project and implemented live.

• By opening the mirror accounts, the PACS customers get a CBS-enabled bank account which can be seeded with their Aadhaar number to get the benefit of DBT payouts.

The process follows...


ECOBANet

DBT to PACS Members


ECOBANet

DBT: Transaction flow

dbt procedure.... next ...

• PACS customers should submit the DBT Mandate to EDCB through their PACS branch, while opening the Mirror account.

• Once the Mandate is processed at the EDCB, the account will be seeded with Aadhaar number and is valid to avail DBT credits then onwards directly into these accounts.

• The credits will be passed to PACS through its CD settlement A/c. The bank has identified Union Bank of India (UBI) as their Sponsor Bank for providing DBT and to onboard on APBS platform.


ECOBANet

DBT : the procedure

Component NEFT/RTGS.... next ...

• EDCB is already a sub-member for NEFT/RTGS with Union Bank of India (UBI), hence all such transactions will be routing through UBI server to the Beneficiary accounts of other Banks and vice versa.

• The same CD Settlement opened for KCC/SB Mirror scheme by PACS in EDCB will be used for NEFT settlement also.


ECOBANet

NEFT/RTGS to PACS members

neft/rtgs process flow.... next ...


ECOBANet

NEFT/RTGS: Process flow

neft/rtgs procedure .... next ...

• PACS customers who want to send NEFT/RTGS will approach their PACS counter and initiate the NEFT/RTGS transaction. The transaction entered through (Client) software will reach the (Server) at EDCB DataCenter and routes to UBI Server. The transaction will be treated as if the same is initiated from EDCB counter, which is virtually extended to the PACS counter.

• Customer approaches PACS, fills in the form and handover to the PACS staff• Using the Software provided by EDCB, the PACS staff creates the RTGS /NEFT

details like IFSC Code beneficiary account number, sender mobile no., etc.• Checker user in the PACS verifies the details entered by the maker, after which, the

details will be transmitted to EDCB HO Server from where it will be routed to UBI server through the Bank's NEFT/RTGS Messaging system and funds transfer effected.


ECOBANet

NEFT/RTGS: procedure

ECOBANet: present status.... next ...


Number of PACS [computerised] 164

Number of PACS running LIVE in the project 85

Number of PACS Branches [computerised] 492

Number of PACS Branches running LIVE 320

Number of PACS accounts [Live] with Cards 18,887

Expected Date to bring remaining PACS into Live

Status

31-January-2018

Expected Date to bring remaining accounts to

Live Status

31-January-2018

ECOBANet

Present Status (as on 15th December 2017)

ECOBANet: the impact .... next ...

• A remarkable increase in the Low Cost Deposits is observed as the PACS became successful in arresting migration of customers to other technology-enabled banks.

• To overcome the challenges of demonetization, and to promote cashless transactions, Bank has implemented Mirror Accounting System in PACS and supplied RuPaycards to PACS’ customers. It enabled the PACS to stop the migration of their customers to other Banks as well provide the customers a national Reach for transacting at ATMs and other delivery channels.


ECOBANet

The Impact

concludes….

The Ernakulam District Co-operative Bank Ltd[ EDCB ]

Thank You

D:/BijuPhilip/DBT/ KCC Mirror/ECOBANet The Ernakulam District Co-operative Bank Ltd [EDCB]

Documents

The Ernakulam District Co-operative Bank Ltd - bird …bird-cpec.in/wp-content/uploads/2018/02/4-Ernaculam-DCCB-Ecobanet...The Ernakulam District Co-operative Bank Ltd. The Ernakulam