The SBI has come out to help sprinter Dutee Chand through a unique blend of direct donation and crowd funding initiatives. The bank is making an initial donation of Rs 1 lakh in helping her to make it to the Olympics.
The SBI has opened a Current Account titled “Support Miss Dutee Chand Rio Olympics” bearing account number 35924676071. The bank will deposit Rs 1 lakh as the initial donation.
To encourage public participation in the noble cause, the bank has enabled the account to receive contribution in cash at its various branches or through online or mobile payments. Anybody interested in helping her can also credit their donation directly into the current account through online mode as well as deposit in any branch of the State Bank of India. SB Collect, the unique initiative of SBI for collection of funds has also been enabled in the account.
Besides, as a crowd funding measure, general public can help her by downloading SBI Buddy in their smart phone from play store and send their contribution from their Buddy to the current account. For every first remittance from newly downloaded Buddy from July 18 to August 21( last day of Rio Olympics) with 5 digit branch code of any SBI branch in Odisha, SBI will contribute Rs 51 to the current account maintained for her support. The maximum donation to be given to her from State Bank of India will be capped at Rs 5 lakh. The charges recovered by bank on the remittance made by the donors, if any, will also be donated to her along with the donation amount and bank's contribution.