A Finaara product & Services.

Bank On Wheels with Advanced Digital Banking Unit

VAMBX (Vehicle for Auto Mobile Banking and Exchange) a Bank on wheels solution enable the banks to perform day to day transaction anywhere anytime using cutting edge technologies including 5G, IoP, M2M, AI and Other.

The Communication technology designed such a way its connected to the banking network using soft switch and hardware switch. further the VAMBX provide the bellow facilities

  • Banking counter with secure client access, 
  • AVRM, an enhanced version of ATM with deposit & withdrawal, 
  • Automation of cash handeling from counter, 
  • High secure mechanical vehicle with 5G & Lora, 
  • Two side ATM/AVRM, Enable rural Remittance, 
  • Enable Money exchange anywhere.

VAMBX Enabled Services

  • Opening Savings Account
  • Trade finance services
  • Remittance or money transfer services
  • Money changing or money exchange services
  • Cash deposit and withdrawal
  • Check Balance
  • Print Passbook
  • Funds Transfer
  • Fixed Deposit Investments
  • Providing Loan applications
  • Digital kits for customers
  • Stop-payment instructions for issued cheques
  • Credit/Debit cards applications
  • View account statement
  • Pay taxes online
  • Pay bills online
  • Make nominations
  • Mass transit systems cards
  • UPI QR codes
  • DBUs will help you onboard with Government credit link schemes via Jan Samarth Portal.
  • The entire process of digital processing of small ticket MSME/retail loans will be taken care of by Digital Banking Units.

Benefits of Digital Banking Units

  • Digital Banking Units can be operate in different states, Union Territories, and remote locations and will be financially inclusive of such regions and individuals.
  • Our Advanced digital banking units enable remittance transaction anywhere which reduce the cost of remittance transaction and no middle man cost.
  • Our DBU’s also have the capability to have the money changing or money remittance features  DBUs will make banking products and services easily accessible and cost-effective.
  • Those who lack an ICT (Information and Communications Technology) infrastructure will be able to access banking services online.
  • DBU outlets will help non-tech savvy people avail banking services digitally.
  • It will educate people about digital financial literacy.
  • People will also get to know about cyber security awareness and safeguards.