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Pune, Wednesday, 11 March 2020: Jana Small Finance Bank inaugurated a new branch today in Swargate, Pune. As a part of the bank’s expansion drive, it will convert existing asset centres into bank branches and will reach 550 branches by March 2021.

Jana Small Finance Bank has been serving the underbanked customers through various products including zero balance savings accounts, fixed deposits with attractive interest rates, collateral free loans and affordable housing loan schemes. True to their promise of “paise ki kadar”, Jana values the hard-earned money of its customers as is all set to increase its footprint across the country

Across India, Jana Small Finance Bank is catering to more than 40 lakh customers served by 15000+ employees across 301 bank branches and 250 Asset centres/outlets.

Speaking at the inauguration, chief guest Mr. Tarun Chugh, MD and CEO, Bajaj Allianz Life Insurance said, “Jana Small Finance Bank’s expansion across the country reflects its commitment in providing affordable financial solutions to the underbanked population. Through our strategic partnership with Jana Bank, we are able to provide need-based insurance solutions to their customers. We are now happy to announce that we will settle the life insurance claims of their customers within 7 days, to help them achieve their financial goals.”

Present on the occasion, Mr. Ajay Kanwal, MD and CEO of Jana Small Finance Bank said,“We are committed to serving the underserved both individuals and businesses. We aim to do so by strong and regular customer connect so that we have time to explain to customers the need and use of various financial products. We feel that this is a key gap which needs to be filled to solve the issue of financial inclusion.

Being a new age bank, we would like to bring the highest standards of service and digitization to the underbanked segment. In line with the same, I am happy to announce a seven working day group insurance claim settlement turnaround time, thanks to our strong partnership with Bajaj Allianz Life Insurance Company Ltd.

To provide the financial access to health care in these testing times am also happy to announce the launch of Hospicash Health Insurance product that provides upto 10 days of hospitalization cash benefit”.

Jana Small Finance Bank Ltd. commenced operations in March 2018.