TJSB Sahakari Bank has consistently been at the forefront of digital innovation, with one clear objective—making banking simpler, faster, secure, and more convenient for our customers.
Our Bank actively participates in technology initiatives led by NPCI, enabling us to introduce new digital services at an early stage. From BBPS and UPI to UPI Lite, UPI Circle and AutoPay, TJSB has been among the first banks in the country to make these solutions available, helping customers manage payments and collections with ease. We are also a strong player in BBPS, facilitating bill payments for major utilities such as GED (Goa) and BEST (Mumbai), in tough competition with large private sector banks.
During Global Fintech Festival (GFF) 2025, NPCI showcased TJSB’s UPI-enabled Cash Deposit facility through our Cash Recycler Machines (CRMs). This first-of-its-kind service in the country allows customers to deposit cash directly into accounts held with other banks—extending seamless banking beyond traditional boundaries.
We are happy to share that TJSB Bank now processes UPI transactions as quickly as some of the fastest banks in India. Customers can witness the sub 2 second processing speed on NPCI’s BHIM app. In addition, the transaction SUCCESS rates in UPI on Technical side is 99.99%, reflecting a strong and reliable tech stack working seamlessly in the background.
WHAT’S NEW
Continuing the tradition of innovation, the Bank is likely to introduce the following new initiatives in the coming months.
- Enabling UPI in TJSB Smart.
To further enhance digital convenience, TJSB Bank plans to enable UPI services in TJSB Smart app by February 2026. As an interim step, this facility may be introduced as a separate UPI application around the Bank’s Foundation Day, allowing customers to start using the service sooner.
- TJSB Mini Account
TJSB Bank will introduce a TJSB Mini Savings Account for customers who already hold a regular Savings Bank account with us.
Under this facility, customers can transfer a fixed amount at regular intervals (such as monthly) from their main account to the Mini Account through an automated Standing Instruction to cater to their monthly expenses. The Mini Account can be used for all digital transactions such as UPI, Internet Banking, Mobile Banking, bill payments, ATM usage, POS and e-commerce transactions. The main account will be cut-off from digital channels & can continue to be operated through cheques, withdrawal slips and branch visits.
This initiative offers greater safety and peace of mind, especially for senior citizens, retired employees, students and customers who may be less comfortable with technology. By using the main account for traditional banking and the Mini Account for digital payments, customers can enjoy the convenience of online transactions while limiting exposure and reducing risk in case of fraud or scams.
- SELECT Card
TJSB Bank plans to introduce the SELECT Card, a VIP debit card, exclusively designed for select and valued customers of the Bank.
The SELECT Card will offer a host of lifestyle and convenience benefits, such as quarterly Lakmé Salon visits, gym memberships, enhanced airport lounge access, subscriptions to Jio Hotstar, golf lessons, and quarterly ride vouchers for Ola or Uber, among other privileges. These benefits are refreshed periodically in line with NPCI’s partnerships for each financial year.
- Prepaid Cards
TJSB Bank plans to introduce Prepaid Cards as part of its continued efforts to offer safe, convenient and flexible payment solutions to customers. These prepaid cards will provide customers with a controlled and secure way to manage spending, making them ideal for everyday use, travel, gifting and other specific payment needs.
- Loan Origination System (LOS)
TJSB Bank has initiated the implementation of a Loan Origination System (LOS) to make the loan application and approval process faster, simpler and more transparent for customers. Vehicle Loans are expected to be the first to go live under this system by March 2026, followed by other loan products such as Housing Loans and Personal Loans. Customer will benefit from faster turn-around-times.
- Unified Lending Interface (ULI)
TJSB Bank is in the process of onboarding onto the Reserve Bank of India’s Unified Lending Interface (ULI) platform, a significant step towards fully digital lending.
Envisioned by the RBI as the credit-side equivalent of UPI, ULI aims to enable customers to discover and apply for loans digitally through a single, trusted interface. Once operational, this platform will allow customers to access loan offerings in a simple and secure manner.
TJSB has always been a leader in digital banking and will continue to expand its digital footprint to offer greater convenience, safety and choice to customers.
Nikhil Arekar
MD & CEO
TJSB Sahakari Bank Ltd.