Insta Money is an application meant for instant banking transactions developed by Gram Tarang Inclusive Development Services Pvt. Ltd. GTIDS is active in Financial Inclusion space from April 2011 & worked as a BC Partner for Atyati Technology from April’11 to July’19. GTIDS has footprint in 28,000 villages across 14 states of India and recruited over 8500 agents for 13 Banks. GTIDS opened over 1.6 Crore no-frills accounts, disbursed over 5000 Crores earmarked for Social Security Pensions, mobilized Fixed Deposits tuning 2000 Crores and collected over 400 crore NPAs from the beneficiaries on behalf of Partner Banks. GTIDS disbursed more than Rs 400 Crore Microfinance loans to over 1,60,000 beneficiaries under Mudra Scheme.
GTIDS developed its own technology in 2018, signed agreements with 5 banks i.e. (Andhra Bank, Andhra Pradesh Gramina Vikasa Bank, Telangana Gramina Bank, Bank of India, KBS Bank) as a direct partner.GTIDS currently employs over 2000 Business Correspondent Agents and through them provide banking and non-financial services.
GTIDS launched Insta Money initiative in partnership with ICICI Bank and plans to provide Banking Services like cash withdrawal, funds transfer, Balance enquiry, Mini statement etc. Further, digital payments integrating Bharat Bill Payment Services, PAN Card Services, Mudra Loans in collaboration with our partner Banks are being made available.