Just a week into operation and Indore branch of Bharatiya Mahila Bank (BMB) is already closing its gates during its working hours at least once a day! Reason: the branch is literally being flooded with women seeking to open new accounts.
Every day, the number of prospective account holders at the bank surges so much that the officials are forced to close down channel gates to keep things in order.
On Thursday, at around 11am, the branch officials had to take help of security guards posted at State Bank of India in the same complex to control the crowd and close the gate.
Since Dec 5, when the branch was inaugurated, it has sold around 2,000 forms meant for opening new accounts. And it is not only opening of accounts that customers are inquiring about.
Harsha Ludhiyani, a resident of Kalani Nagar reached the bank on Thursday, expecting on the spot sanction of loan for setting up a shop.
Branch manager AK Dubey had to clarify to Ludhiyani that there was no facility of on-the-spot loan sanction and an account should be at least six months old, before the account holder would be eligible for a loan.
Talking about heavy rush of customers, he said the demand for new bank accounts at the branch was so high that they have now started putting dates on the forms to specify the day on which the form would be processed.
A housewife Pushpa Malakar from Mhow Naka, who had made three attempts on three consecutive days to get a form for opening new account, managed to get it on Thursday but was given a date of Dec 20 for completing formalities of new account.
The new account forms have now been kept with security guards posted at the branch so that anyone can have them even when the bank is closed for the day.
Besides women from urban localities, Self-Help Groups from areas like Mhow, Depalpur, Sanwer etc are also coming forward to open accounts with the branch.