Rural Banks

Rural banks are financial institutions that serve communities in rural or agricultural areas. They provide essential banking services like savings accounts, loans, and transfer facilities to local residents and farmers. Their primary goal is to support economic development in these regions by offering accessible financial products, often tailored to the needs of farmers and small-scale entrepreneurs. Rural banks help improve financial inclusion, promote agricultural growth, and contribute to the overall development of less urbanized areas while operating under regulations that ensure their stability and trustworthiness.