Save Solutions

Save Solutions Private Limited is a Gaya, Bihar-based banking correspondent (BC) platform that provides last-mile banking services to unbanked and underbanked populations in rural India. Founded in 2009 as a non-profit called Society for Advancement of Village Economy (SAVE), it became a BC for the State Bank of India (SBI) in 2010 and transitioned to a private limited company in 2014. SAVE Solutions has a pan-India presence with a network of over 14,000 Customer Service Points (CSPs) across 28 states and 6 Union Territories, serving over 21 million rural customers.

Key Aspects of Save Solutions:

• Services: Save Solutions offers a range of financial products and banking-related services:

• Account opening, cash deposit/withdrawal

• Pension and insurance schemes

• Secured and unsecured loans

• Microloans and home loans

• Agri-tech and FASTag services

• Business Model: Save Solutions operates as a holding company with four subsidiaries:

• SAVE Financial Services Pvt. Ltd. (NBFC-MSME)

• SAVE Microfinance Pvt. Ltd. (NBFC-MFI)

• SAVE Housing Finance Ltd. (NBFC-HFC)

• SaGgraha Management Services Pvt. Ltd. (Lending BC)

• Impact: SAVE Solutions aims to promote financial inclusion, growth, and prosperity in rural areas by providing accessible banking services.

• Culture: Save Solutions Pvt. Ltd. is a Great Place to Work-Certified™ organization.

• Turnover: Generates a yearly revenue of 1 - 50.

• Headquarters: Save Solutions is headquartered in Gaya, Bihar. A registered office is in New Delhi.

Leadership: Ajeet Kumar Singh is the MD, CEO, and Founder of SAVE Solutions Pvt. Ltd.