CCAvenue adds The Saraswat Co-operative Bank to India's Largest Direct Debit Engine
1st November, 2014
CCAvenue proudly announces that we have gone live with Saraswat Co-operative Bank's Net Banking facility, as on 30th October, 2014. Account holders of Saraswat Bank can now shop online conveniently at thousands of websites powered by CCAvenue.com and pay online through a direct debit in their bank accounts.
On 14th September 1918, "The Saraswat Co-operative Banking Society" was founded. The Society was initially set up to help families in distress. Its objective was to provide temporary accommodation to its members. The Society was converted into a full-fledged Urban Co-operative Bank in the year 1933. The beginning of the 21st century has been a giant leap forward for the Bank. The Bank chose a path of organic/inorganic growth and its pace of growth accelerated .The Bank's total business was around Rs.4000 Crore in 2000 had almost tripled to Rs.15295 Crore in 2007.
This net banking agreement with Avenues will empower thousands of customers of Saraswat Bank to now enjoy hassle-free online shopping services. They will be able to make purchases of all types of goods and services directly through their bank accounts at 85% of Indian eCommerce websites powered by the CCAvenue payment gateway.
By signing of the net banking agreement with Saraswat Bank, CCAvenue will add yet another net banking payment option to offer to its merchants. This move will expand their reach, they can sell and collect payments for their products and services instantly and directly online. Through this net banking agreement, CCAvenue.com reinforces its place as India's largest direct debit engine with 48 (and counting) prominent Indian banks.
About Saraswat Co-operative Bank
On 14th September 1918, "The Saraswat Co-operative Banking Society" was founded. The Society was converted into a full-fledged Urban Co-operative Bank in the year 1933. The Bank has the unique distinction of being a witness to history. The Bank, which was originally founded in 1918, i.e. close on the heels of the Russian Revolution, also witnessed as a Society and as Bank - the First World War, the Second World War, India's freedom Movement and the glorious chapter of post-independence India. During this cataclysmic cavalcade of history, the Bank as a financial institution and its members could not, of course, remain unaffected by the economic consequences of the major events.
On 14th September 1918, "The Saraswat Co-operative Banking Society" was founded. The Society was initially set up to help families in distress. Its objective was to provide temporary accommodation to its members. The Society was converted into a full-fledged Urban Co-operative Bank in the year 1933. The beginning of the 21st century has been a giant leap forward for the Bank. The Bank chose a path of organic/inorganic growth and its pace of growth accelerated .The Bank's total business was around Rs.4000 Crore in 2000 had almost tripled to Rs.15295 Crore in 2007.This net banking agreement with Avenues will empower thousands of customers of Saraswat Bank to now enjoy hassle-free online shopping services. They will be able to make purchases of all types of goods and services directly through their bank accounts at 85% of Indian eCommerce websites powered by the CCAvenue payment gateway.
By signing of the net banking agreement with Saraswat Bank, CCAvenue will add yet another net banking payment option to offer to its merchants. This move will expand their reach, they can sell and collect payments for their products and services instantly and directly online. Through this net banking agreement, CCAvenue.com reinforces its place as India's largest direct debit engine with 48 (and counting) prominent Indian banks.
About Saraswat Co-operative Bank
On 14th September 1918, "The Saraswat Co-operative Banking Society" was founded. The Society was converted into a full-fledged Urban Co-operative Bank in the year 1933. The Bank has the unique distinction of being a witness to history. The Bank, which was originally founded in 1918, i.e. close on the heels of the Russian Revolution, also witnessed as a Society and as Bank - the First World War, the Second World War, India's freedom Movement and the glorious chapter of post-independence India. During this cataclysmic cavalcade of history, the Bank as a financial institution and its members could not, of course, remain unaffected by the economic consequences of the major events.
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