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. Financial Inclusion, KIOSK Banking Is An Important Concept And Basically Developed For Rural Areas Of Country.
Kiosk Banking Is Basically A Service Offered By Several Banks, Wherein The People Do Not Have To Actually Visit The Branch In Order To Do A Variety Of Transactions. This Is So Because The Customer Can Easily Open An Account In The Bank And Operate From Any Of The Nearest Kiosk Banking Outlet Itself In A Hassle-Free Manner. The Bank’s Initiative Of The KIOSK Banking Allows Customers To Undertake Different Banking Transactions Without The Need For Visiting A Bank Branch. It Is Primarily Introduced By The Govt. Of India As An Important Concept For Boosting Financial Inclusion.
The Company Has Collaborated With Other Company For Appointment CSP Of Leading Banks Viz. State Bank Of India, Bank Of Baroda, And Union Bank Of India To Enable People To Access A Range Of Banking Facilities Through Its Internet-Enabled BOB, SBI And UBI Kiosk Banking Outlets Located Across Cities. Customers may open bank accounts and do all types of bank related transactions at SBI Kiosk Banking outlet or Bank of Baroda Kiosk Banking outlet or UBI kiosk Banking outlet. the operations through these outlets are absolutely safe and reliable as they are bio-metrically secured and also, a printed acknowledgment for every transaction is given to the respective customer.