Bank At Your Doorstep – Bank Of Bhutan Introduces ‘Banking On Wheels’

Email

Bank of Bhutan (BoB) introduced ‘banking on wheels’ on 3 Oct 2018. It travels to various areas in Thimphu on a fixed weekly schedule.

(Source: Kuensel)

  

By Staff reporter | Kuensel

With the Bank of Bhutan (BoB) introducing ‘banking on wheels’ on 3 Oct 2018, people can now have easy access to basic services such as bank accounts opening, loan applications, cash deposit/withdrawal, account balance enquiries and fund transfers among others without visiting a conventional bank.

 

Source: BoB.Bt

 

A press release from the BoB states that the service would be provided by a mobile van which travels to various areas in Thimphu on a fixed weekly schedule to provide banking services to the community in the particular area.

What the bank on wheels can do

“Banking on Wheels provides basic banking facilities from a mobile van equipped with computers and other equipment capable of providing banking services like any branch of the bank.”

BoB’s Chief Executive Officer, Pema N Nadik said that he is certain that the initiative would go a long way to increase convenience for customers by providing basic banking facilities at their doorstep, saving both time and money.

Source: BBS.Bt

 

“It would benefit everyone as they need not go to the bank for their daily basic banking transactions such as withdrawal or deposit of cash. The bank will come to them instead,” said Pema N Nadik.

The press release also stated that the bank officers manning the vehicle would also help clients by creating awareness on the bank’s products and services.

“Banking on wheels is a part of the financial inclusion initiative of the bank,” it states.

 

This article first appeared in Kuensel and has been edited for the Bhutan Times.

 

 

 

 

 


Related Posts

Asian Development Bank: Bhutan Among Fastest Growing Economies In...

In 2018, Bhutan’s GDP is projected to grow by 7.1 percent, the second highest growth after India (7.3 percent).

Jul 10, 2018 18:48

REDD+ Project - US$ 4.8m Grant from World Bank

The World Bank granted USD 4.8 million to support the country’s efforts to reduce greenhouse gas emissions through the...

Feb 13, 2018 07:18

World Bank project to improve agriculture productivity and food...

The Royal Government of Bhutan (RGOB) and the World Bank this week launched the USD 8 million Food Security and...

Sep 29, 2017 11:49

Bhutan Participates In The Global Money Week 2018

The theme of the Global Money Week 2018 is “money matters matter”, which aims to inculcate the importance making smart...

Apr 15, 2018 16:15

Bhutan Observes International Day for Older Persons And Aims To...

Bhutan has committed to implementing The Madrid International Plan of Action on Ageing.

Oct 08, 2018 17:23

Meet Gomchen Wangchuk - Recognised By UNICEF As The Man Who...

Together with support from the Bhutanese government, Bhutan Salt Enterprises (BSE) contributed to IDD-elimination.

May 27, 2018 20:16

Latest

News

General Election 2018: DNT To Head New Government In Bhutan

This is Bhutan’s third general election. The primary round of elections was held in September, where four parties contested to make it to...

Oct 19, 2018 18:51

Surgery To Separate Bhutanese Conjoined Twins Postponed

One of the twins' health has declined, revealed late night tests just before surgery on Friday.

Oct 12, 2018 16:27

Features

Constructive Steps Taken To Mitigate Impact Of Glacial Lake Outburst Flood (GLOF) In Lunana, Bhutan

Lunana houses four major lakes-Thorthomi, Raphstreng, Luggye and Baytsho. So far, the Thorthomi and Raphstreng lakes are two of the 25...

Oct 20, 2018 08:58

Discover Drupthob Chagzampa – The Great Iron Bridge Builder Who Constructed At Least 60 Suspension Bridges In Bhutan And Tibet

Revered as Drupthob Chagzampa or the ‘Great Iron Bridge Builder’, he was an early and unequalled master of engineering skills.

Oct 14, 2018 16:33

Sports

Bhutan's 'Judo Girl' Fighting For Her Sport Back Home

By competing at the Youth Olympic Games Bueno Aires 2018, 16-year-old Yangchen Wangmo is blazing a trail for judo in the small archery-mad...

Oct 10, 2018 12:45

Two Para Athletes To Represent Bhutan At 3rd Asian Para Games (6-13 Oct) In Palembang, Indonesia

Organised by the Asian Paralympic Committee, the Asian Para Games will be held from 6 - 13 October in Jakarta - Palembang, Indonesia.

Oct 06, 2018 13:06

Business

Bhutan’s DHI Business Acceleration Programme Partners With the University of Texas’s IC2 Institute To Draw On Their Expertise

The press release states that DHI has hired the services of IC2 Institute under the University of Texas, USA as a partner for the programme.

Oct 16, 2018 17:08

Bank At Your Doorstep – Bank Of Bhutan Introduces ‘Banking On Wheels’

Bank of Bhutan (BoB) introduced ‘banking on wheels’ on 3 Oct 2018. It travels to various areas in Thimphu on a fixed weekly schedule.

Oct 09, 2018 17:36

Travel

A Run Unlike Any Other, Get Up Close With Charming Locals And The Magic Of Bhutan’s Highlands In The Laya Run

The third edition of the Laya Run will take place on October 23 from Panjothong to Laya.

Oct 18, 2018 17:14

Be Intrigued By The Kunzang Khorlo Graph Found On The Walls Of Monasteries In Bhutan

In Bhutan, the circular or full wheel style of artistic poetry is found on the walls of many temples and dzongs as one enters the premises.

Oct 13, 2018 18:01

Lifestyle

Condé Nast Traveller’s Readers’ Choice Award Voted COMO Uma Punakha In Bhutan As The 3rd Best Hotel In The World

The Condé Nast Traveller Readers’ Choice Award is the longest-running and most prestigious recognition of excellence in the travel industry.

Oct 19, 2018 18:59

ShaMa Foundation Reaches Rural Bhutan, Helps To Provide Potable Water To Remote Villages

The program aims to provide access to safe drinking water in remote and challenging geographies in Bhutan.

Oct 15, 2018 20:39

Subscribe to our newsletter

Never miss out on new happenings and news stories!