Banking Kiosk Benefits

Small Introduction

At present there are around 31 Crore savings bank accounts in India. Number of actual account holders is not more than 20 Crores. 83% People in India still do not have savings bank account. State Bank of India is the largest Bank with over 15000 branches. State Bank Group is having around 20000 branches. Bank of India is having over 3000 branches across India. Manglam Village in Pondicherry became the First village in India where all households were provided Banking Facility. In Jan 2006 RBI permitted Banks to engage BCs for setting up Banking Kiosk. Relaxations have been made in KYC norms for opening accounts under Kiosk Banking. RBI’s vision for 2020 is to open 600 million new customer accounts. A designated official from the bank’s link branch has to visit the ultra small branch / Kiosk branch at least once a week. Unbanked Villages have been identified / earmarked under the Financial Inclusion Plan (FIP) by Ministry of Finance GOI, where banking services are to be made available by way of a brick and mortar branch or any IT based model (Kiosks).

Eligibility for Banking Kiosk

1.   Should have minimum 100 / 150 Sqft area.

2.   Must be above 18 years and should have entrepreneurial skills.

3.   Zeal of taking community and people together.

4.   Minimum 12th pass with basic knowledge of computers and internet.

5.   Should have pleasant personality and friendly communication skills.

6.   Should have or be in a position to procure one Computer, Printer, UPS & internet facility.

Banking Kiosk Benefits

1.   Hassle free opening of savings account.

2.   Less KYC documents.

3.   No Queues.

4.   No Travel expenses

5.   Easy deposits, withdrawals & cash remittances.

6.   Easy opening of R.D. & F.D Account.

7.   Deposits can be made from anywhere.

8.   Transfer Subsidies , Scholarships and other

9.   Benefits can be directly credited to the account.

Banking Kiosk/ Kiosk Banking Investment

1.   Identification, training and orientation fee including taxes Rs. 17,200/-

2.   Biometric device with taxes Rs. 2,800/-

3.   Apart from above the SDP (Kiosk Owner) should have computers, printers, UPS, furniture & fixture, small space for 100 to 150 sq.ft

GDATA DATABASE

Know more about Kiosk Banking Providers and details about them just go to our DATABASE. In our Database we provide a list of BC Companies or Banking Correspondences. A brief detail about them and How to contact them? You will everything you will need, such as Email Address, Office Address, Contact No, Contact Person etc.

Declaration

This is a basic introduction of Banking Kiosk or Kiosk Banking. Therefore, Banking Kiosk depends on bank’s financial inclusion. Bank Mitra neither take responsibility nor claim any ownership of data published on this page. Bank Mitra just shares information to public purpose only. If any information belongs to you or reproduced by Bank Mitra, then, just give us a feedback and Bank Mitra immediately remove the content.  Thank You.