As a first step towards financial inclusion, SFA facilitates opening of ‘no-frills’ savings accounts for clients through the Business Correspondent (BC) relationship with Citibank NA.

This is a zero-balance savings account known as Citibank’s “Pragati Account”. Customers are provided with a Citibank debit card that they can use in any ATM across the country.

In addition SFA has also facilitated opening of no-frills accounts for its FEP participants in 13 other private, public sector and scheduled banks. This is done with due consideration to easy accessibility of the branches and ATMs by the clients in the community.