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Fed Jyothi

Fed Jyothi

Fed Jyothi is a smart card based solution in which customer transactions are facilitated in the field using hand-held terminals, aptly called micro ATMs, by Business Correspondent (BC) agents.

  • Features
  • Coverage
  • Type of account is no-frills savings account
  • Each customer is uniquely identified and authenticated using a combination of smart card and fingerprint biometrics
  • Assistance for financial transactions is available from Business Correspondents (BC) agents
  • Available services include Cash deposit, Withdrawal, Balance enquiry, Mini Statement etc
  • Voice guidance & transaction slips are available in vernacular
  • Features enabling easy operation by illiterate beneficiaries also.
  • Fed Jyothi card issued to each customer is stored with information on the latest balance, last few transactions and customer biometric and demographic information.
  • Fed Jyothi will cover 60 villages in all 14 Districts of Kerala, for the time being.