Kiosk Banking/ SBI Kiosk Banking
What is Financial Inclusion ?
To make financial products and services available and affordable to the low-income group and businesses at a low cost is known as Financial Inclusion. It is also called inclusive finance.
Banks Appoints intermediaries to provide such services through the use of Banking Correspondence (BC). Majority of indian poor people live in Village area these poor people are unable to get in touch with banking services. These poor people are abandoned from these opportunities.
What is Banking Kiosk ?
The Kiosk Banking or financial inclusion initiative Started by The Reserve Bank of India (RBI) for the poor people due to non-availability of bank branch in their area. 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. The Banking Kiosk Can Provide banking service to kiosk like Account opening, RD, Balance Inquiry, Passbook Printing, Cash Deposit, Money Withdrawal etc. The Banking Kiosk Functions with The Support Of Leading bank.