With strong technological support, well-managed resources and highly trained employees, Dvara KGFS offers a plethora of services adopting the ‘Wealth Management Approach’ through its unique branch-based KGFS Model in remote rural areas of the country. Since the resources offering the services are the people within the same community, the brand has successfully established a strong connection with the local population. Dvara KGFS success in delivering financial services to even the most remote rural areas is underpinned by sophisticated technology including a Customer Management System (CMS), Core Banking Solution (CBS), biometric verification process, and Centralised Audit System.
Dvara KGFS has implemented the KGFS model across India and has made great strides towards maximising the financial well-being of the rural population across the country. With the expertise and confidence cultivated with this KGFS experience, Dvara KGFS is looking forward to expanding its horizons and bringing the KGFS model to more of those in need across India.
KGFS operates through three basic methodologies:
Ensures complete capturing of the uniqueness of each service area. This winning feature helps to gain a better knowledge of the customer and the local economy thereby helping us deliver better products to our customers. Each KGFS institution is designed as a regional institution. These regional organisations serve a particular territory that was identified by distinct geographic, economic and linguistic characteristics.
Each KGFS serves tailored financial advice to every enrolled client. This method is referred as the “wealth management” approach and is a term which is common in private banking for affluent customers. The goal of this approach ensures that every client uses a tailored combination of financial services. The model believes that the clients can make “informed” decisions if they have a better understanding of financial products and services available.
Central to the KGFS vision of complete financial inclusion, is the conviction that households need a diverse range of financial services. This is reflected in its wealth management approach that takes a holistic view of the financial requirements of a household. KGFS units, in turn, offer a bouquet of products to its customers including credit, insurance, savings and remittance products.