Overview
This product will address banking requirements of Government departments/bodies/agencies in respect of grants/subsidies.
Government bodies handle a lot of financial transactions on a daily basis, such as passing on grants and subsidies to citizens, which could be ad hoc in nature, or in specific periodicities.
These will be done in accordance with policies and schemes as laid out by the government. This makes banking a key element in the effective working of government bodies, especially with day to day banking transactions, and cash management services.