Alankit is proud to be an empanelled member of the Embassy of the State of Qatar , New Delhi
Alankit is proud to be an empanelled member of the Embassy of the State of Qatar , New Delhi
Alankit is proud to be an empanelled member of the Embassy of the State of Qatar , New Delhi
Alankit is proud to be an empanelled member of the Embassy of the State of Qatar , New Delhi
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Kiosk Banking

All about Kiosk Banking Eligibility Benefits and Purpose

Kiosk Banking
Apr 20, 2023 Alankit

With the advancement of technology, digital banking has become an essential part of a person’s financial journey. Financial institutions now provide a variety of services that help people achieve financial stability. However, even though digital banking is becoming more prevalent in major cities, they are yet to be available for everyone.

In villages where network connectivity is still an issue, a lack of physical branches makes it difficult for account holders to access bank services. The Reserve Bank of India introduced Kiosk Banking Services to ensure that everyone, especially those in remote areas of India, have access to banking services.

Individuals can use Kiosk to access banking services such as cheque transfers, transactions, balance inquiries, cash deposits or remittances, and the likes of it, without having to visit a bank branch.

Eligibility to Register for Kiosk Banking

Retailers, shop owners, small business owners, and even individuals are eligible to register to set up a Kiosk booth. Following is the criteria laid down for the selection of CSPs:

  • Minimum 18 years of age required
  • Minimum 12th Pass out Computer literate, responsible person can apply.
  • Branded Laptop/Desktop with Licensed Windows 7 and antivirus.
  • Internet connectivity
  • Size of outlet minimum 120 -200 sq. feet with a counter.
  • Adequate space to attend to 5-6 customers at a time.
  • A standard printer/scanner/Fingerprint (Safran Morpho) device.
  • Cash for availing Cash-Holding-Limit

Benefits of Kiosk Banking

The major objective of starting the facility of Kiosk Banking was to support the low-income group and provide them with benefits like:

  • Feasibility
  • No Limits on Minimum Balance
  • Easier Banking Processes
  • Internet Banking
  • User-Friendly Services
  • Means for Business

Documents Required from Kiosk Banking Operator

  • Corresponding Bank’s Application Form
  • Proof of Identity: Aadhaar Card, Voter ID, Driving Licence
  • Address Proof of the Shop where the Kiosk is to be Set Up.
  • Ration Card
  • Recent Photographs

Why Alankit?

Alankit delivers mainstream financial services in collaboration with the State Bank of India, Bank of Baroda, Punjab National Bank, Central Bank of India, IDBI, Union Bank of India, and UCO Bank to the mass bank-excluded Indian public using remote biometric-enabled secure technology, i.e., Kiosk Banking. We make banking easy through several advantages with complete safety and reliability.

In the bouquet of Kiosk Financial Services, one can avail varied banking activities, including:

  • Account Opening
  • Cash Withdrawal
  • Cash Deposit
  • Money Transfer
  • Passbook Update
  • RD & FD Account Opening
  • Mobile Seeding
  • Cheque book Issue
  • RuPay Card Issue & Activation
  • Bharat Bill Payment System – BBPS
  • SMS Alert
  • Issuance & Blockage of Debit Card
  • Sukanya Samriddhi Scheme Enrolment
  • PPF Account Opening
  • Recovery & Collection of NPA
  • APY

Join us as a Kiosk Banking partner today and help us bring banking conveniently to the doorsteps of every segment of the society!

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