The Reserve Bank of India (RBI) defines financial inclusion as the process of ensuring access to financial services and timely and adequate credit where needed by vulnerable groups such as weaker sections and low income groups at an affordable cost. In the essence of financial inclusion, KIOSK banking is an important concept and basically developed for rural areas of country where less number of banks are and people can't reach to the bank to use their services.
It is conceived that the kiosks will functions with the support of leading banks in the private, public and cooperative sectors and using the shops as a touch-point for basic banking services such as cash deposits, withdrawals and remittances apart from micro-credit and insurance. Like the ordinary bank branches, the kiosks will offer all the basic services of banking.
A retailer can open a no-frills bank account for a customer by recording fingerprint details and taking a photograph of the customer. The details along with other documents are forwarded to the affiliated bank branch to carry out the know-your-customer process. Once the account is up, a customer can withdraw, deposit or remit a maximum of Rs 10,000 per day through the internet-enabled kiosk branch.
State Bank of India which has the largest branch network in the country invites eligible individuals/ NGOs/Companies (other than NBFCs)/ other entities to join hands with us to take banking to all.
SBI Kiosk transactions are bio-metrically secured; printed acknowledgment for each transaction is issued to the customer and has End-to-end process of account opening & transactions online. Micro savings and Micro remittance are done through No Frills Savings Bank Account.
Q.1 What Services will SBI Kiosk banking provides?
Initially, SBI Kiosk banking will provide the following services:
Q.2. How to become a Partner for SBI Kiosk Banking?
CSC SPC will enroll SCA as Sub BC and VLE shall be Customer Service Point (CSP) as per agreement with SBI for this facility. This facility and partnership is available for all CSC retail offices with Web connectivity. VLE can enroll for this facility through SCA.
In some state other agencies are also involve for implementing the kiosk banking in authorized areas and my oxygen is one of them which is assigned for Madhya Pradesh state for providing kiosk Banking outlets.
Q.3 What are the benefits to your customers
Q.4 What type of transactions the customer will carry on?
Q.5 Income generation from CSP Kiosk Banking?
Earn on opening New Account, every Cash Deposit/ Cash Withdrawal/ Loans and Money Transfer or any services of the bank.
For More information about kiosk banking please visit at nearest SBI Bank or Contact Service Center Agency (SCA) of your own area.
Existing as well as new Business Correspondent can be registered through the portal. For any queries regarding registration of Bank Mitr, get in touch with help desk with your OMT ID and CSC location.
New Banking website has been launched (URL is 126.96.36.199/banking). The registration of Bank Mitr has started for CSCs that are already working as BCs and for those who want to become new BC. Kindly register in 188.8.131.52/banking. For any queries regarding registration of Bank Mitr, get in touch with helpdesk with your OMT ID and CSC location.
Features of New Kiosk Website:
Source : APNACSC