Welcome to Banking Kiosk Portal
The kiosk allows the individuals to access the banking facilities such as cheque transfer, transactions, balance inquiry, cash deposit or remittances, etc. They can do all this without having to go to a banking branch.This benefits the LIGs (Low Income Groups) as they get all the services without having to visit the bank. As these individuals are incapable of maintaining a minimum amount in their bank accounts, Kiosk provides them with the ability to maintain their bank accounts without a fret.
Services Provided by the Aadhaar Enabled Payment System (AEPS)
Our Aadhaar enabled payment system will provide some basic financial transaction services for our consumers as follows.
Eligibility criteria of business associate for registering new e-Mitra center
- - The corresponding bank’s application form filled.
- - Proof of Identity: Aadhaar, Voter’s ID, Driver’s license
- - Address proof of the retail shop where the Kiosk is to be set up: Electricity or other amenities bill
- - Applicant’s Ration card
- - Applicant’s recent photographs- 2
Benefits of Banking Kiosk
Feasibility
Kiosk Banking has the obvious advantage of being convenient and accessible to even the country’s most remote villages. It helps spread the banking network by an astounding range where the people working in villages can access banks’ facilities. As the Kiosk is installed in the form of booths in the local shops, the people are not required to wait in long queues to get what they want
No limits on minimum balance
Under a Kiosk Banking system, the candidate is allowed to open a new bank account with a zero balance. There is no necessity for a minimum account balance to use the bank services. This is good for the LIGs and minimum wage workers where they can open and manage a bank account without worrying about the account balance
NEFT and RTGS
Individuals can use kiosk Banking to perform NEFT and RTGS type of transactions with ease, and they can do so without visiting the bank branch.
Easier banking processes
Under Kiosk Banking, procedures such as KYC and document verification are much swifter and are hassle-free