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’s success in delivering financial services to even the most remote rural areas is underpinned by a sophisticated technology that includes 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 closer to those in need across India.
KGFS operates through three basic methodologies:
Each KGFS institution is designed to be a regional institution serving a specific territory with distinct geographic, economic, and linguistic characteristics. This unique methodology helps us gain better insights about the customer and the local economy. Our focused commitment to a geography and the population within it enables us to deliver better customized products to our clients, to engage with them effectively and also help us react more quickly to local events.
Each KGFS provides tailored financial advice to every enrolled client. This is called a “wealth management” approach, which is a term common in private banking for affluent clients. The goal of this approach is to ensure that every client uses a tailored combination of financial services that best promotes the financial well-being of the client’s household. The KGFS model believes that clients will make better choices among complex financial services when they have the benefit of advice from trained professionals and a better understanding of the 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 while recommending financial products to the clients. As a result of this vision, KGFS branches , in turn, offer a bouquet of products such as credit, insurance, savings and remittance products to its’ customers.