SLBC convenor banks have, therefore, been advised to prepare a roadmap covering all unbanked villages with population of less than 2000 and allocate these villages to various banks for providing banking services in a time bound manner.
The first major milestone was reached on 9 March 1998, when the South African Multiple Options Settlement (SAMOS) system was implemented, enabling banks to settle their obligations on a real time gross settlement basis (RTGS).