Save Solutions

SAVE Financial Services Pvt. Ltd. is a leading banking business correspondent focused on providing financial services to the underserved segments of society. Operating primarily in rural and semi-urban areas, SAVE bridges the gap between traditional banking institutions and low-income groups who lack access to conventional banking services. The company employs a robust technology platform to offer real-time connectivity and a wide range of banking services through its extensive network of Customer Service Points (CSPs).

SAVE's core offerings include banking correspondence services, business loans for micro, small, and medium enterprises, and financial inclusion initiatives. By partnering with commercial banks, SAVE ensures that essential banking services such as savings accounts, loans, and other financial products are accessible to the bottom of the pyramid segment. The company also provides business loans for income-generating activities in various sectors, including trade, services, agriculture, and allied activities.

The business model of SAVE revolves around leveraging its CSP network to conduct market research, develop business strategies, and identify new opportunities for financial inclusion. Revenue is generated through service fees and commissions from partner banks for facilitating banking transactions and loan disbursements. SAVE's commitment to innovation in financial inclusion has been recognized with awards, including the first prize for best innovation in financial inclusion presented by the Chief Minister of Bihar.

Keywords: financial inclusion, banking correspondent, rural banking, technology platform, CSP network, business loans, microfinance, underserved segments, real-time connectivity, commercial banks.