Thaths [18/04/13 19:50 -0700]:
Can you provide more insight as to why the bank employees/managers do not want to deal with the low value accounts? Are they worried that lines would be longer in their branches if these low value accounts were opened? Do they think that dealing with the additional paperwork is not worth their time for these low value accounts?
Those too. And stuff like they dont want smelly labourers etc spitting paan in their clean office. Then any debt at all in those accounts is almost impossible to recover.
Do postal money orders still exist? Is the cost of sending money through MOs too prohibitive?
They exist and are definitely used. It depends though on how reliable the postal service is in their area, or how easy to reach their village is (if there's a shortage of post staff or if its too far from the post office, mail or MOs possibly risk not getting delivered at all)
