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Shriram Transport Finance, first NBFC to launch 24X7 smart branch

MediaInfoline April 20, 2018
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Shriram Transport Finance Company Limited Ltd. (STFC), first NBFC to launch smart branch at Azadpur, New Delhi. 24X7 e-branch will facilitate STFC customers with end to end, unique smart solutions. The smart kiosk is available in multilingual facility for all the existing and potential customers. Presently, with 1.71 million strong customer base Pan India, STFC plans to open 100 smart branches in a span of 1 year and targets at least 1 lakh transactions every month.

The large network of branches had been the foundation of business and a trusted channel of choice for customers of STFC. But, the rapidly advancing digital technology options across banking industry are in process of transformation. Hence, the smart branch solutions will assist the customers to directly transact on the platform at their convenience.

On the occasion, Mr. Umesh Revankar, MD & CEO, STFC commented, “The smart branch by STFC envisions in filling the gap of providing timely and accessible one stop, 24X7 digital solutions for the customers and the field officials of STFC. We in turn also hope to make a positive contribution towards the national initiative of Digital India by taking smart branch to rural and semi rural market space of our country.”

The Multilingual Smart Branch Provides Services like

  1. Installment/Loan Processing fees payment
    • Online Payment through Net Banking
      • Net Banking
      • Card
      • Mobile Wallets
      • UPI Collect Request/QR Code
    • Mini Statement/Loan Statement of account
    • Adhaar Updation
  • Adhaar Number Updation
  • Address Updation
    • Apply loan
    • Buy/Sell Vehicles
    • Downloading Link (My Shriram App)
    • Product information
  1. Cash Deposit Machine
    • STFC Customers and employees can remit cash for loan installment
  2. Cheque Drop Box Facility
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