In an era where financial security is paramount, ensuring that every citizen, regardless of location or socio-economic status, has access to basic banking services is essential. Kiosk banking has emerged as a transformative solution to bridge the financial inclusion gap in rural areas. These small, internet-connected booths, strategically established, serve as vital touchpoints between mainstream banks—whether private, public, or cooperative—and the local population.
Kiosks provide all the necessary services like withdrawals, deposits, and remittances. By delivering banking services directly to underserved areas, kiosk banking boosts financial security and promotes economic empowerment and inclusivity within communities nationwide.
What are Kiosks?
Self-service kiosks are small booths that enable customers to do transactions themselves, which reduces wait times, increases convenience, and facilitates faster transaction times. A kiosk can be manned by a single person or can be automated.
Primary Benefits of Kiosk Banking (Kiosk Banking Online)
Kiosk banking service brings unique benefits for all customers, as mentioned below.
- Account Opening: Easily open your account with us.
- Cash Deposit: Deposit cash in your bank or another bank using AEPS/Rupay card.
- Cash Withdrawal: Withdraw cash from your account.
- Fund Transfer: Transfer funds within your own bank or to other banks via AEPS/Rupay card.
- IMPS: Enjoy instant money transfer service.
- Balance Enquiry: Check your balance for your bank or other banks using AEPS/Rupay card.
- Mini Statement: Obtain a mini statement of your account.
- Micro Life Insurance Enrolment: Enrol in PMJJBY or PMSBY micro life insurance schemes.
- Social Security Pension Scheme Enrollment: Enroll in the APY social security pension scheme.
- Aadhaar Seeding: Seed your Aadhaar through biometric verification only.
- TD/RD Renewal: Renew your Term Deposit or Recurring Deposit.
- NEFT: Use NEFT for electronic fund transfers.
- Mobile Seeding: Link your mobile number to your account.
- Passbook Update: Get your passbook updated.
- Cheque Services: Collect cheques, request a new cheque book, stop payment of cheques, and enquire about cheque status.
- Statement Requests: Request SMS alerts or email statements if your mobile number or email is already registered.
- BBPS: Use the Bharat Bill Payment System for bill payments.
- Rupay Debit Card Services: Apply for a Rupay debit card for accounts older than six months or block your existing debit card.
- Pension Life Certificate Authentication: Authenticate your life certificate through Jeevan Pramaan (Aadhaar enabled).
- Sukanya Samriddhi Scheme Enrollment: Enroll in the Sukanya Samriddhi Scheme.
- PPF Account Opening: Open a Public Provident Fund account.
- Recovery/Collection: Recover or collect up to bank-approved limits.
How Kiosk Banking Works?
By recording a customer's fingerprint details and capturing a photograph, any retailer can open a no-frills bank account for any customer. To conduct the know-your-customer process, all the details are forwarded to the affiliated bank branches. The customer can withdraw, deposit, or remit via the internet-enabled kiosk branch once the account is up and running.
Benefits of Becoming a Kiosk Banking Agent with Alankit
Becoming a Kiosk Banking Agent with Alankit offers a multitude of advantages that extend far beyond financial gains. As an agent, you open a new door while aligning with Alankit's strong and reputable brand name, ensuring trust and credibility among customers.
- New Revenue Stream
- Strong Brand Name
- High Number of Walk-ins
- Customer Performance-Based Incentives
- Risk Management
- Banking at Doorstep
Our Association
Alankit has collaborated with leading banks to enable people to access a range of banking facilities through its internet-enabled kiosk banking outlets located across cities.
- State Bank of India
- Punjab National Bank
- Bank of Baroda
- UCO Bank
- IDBI Bank
- Central Bank of India
- Union Bank of India
- Bank of Maharashtra
- Indian Bank
- Uttarakhand Gramin Bank
Concluding Note
Kiosk banking is revolutionising the way people access financial services, providing a convenient, fast, and easy alternative to traditional banking. With Alankit's kiosk banking services, customers can enjoy a hassle-free and secure banking experience that eliminates the need to visit branches or wait in long lines.
For CSPs (Customer Service Points), partnering with Alankit brings numerous benefits, including an excellent opportunity for self-employment. CSPs can also enjoy good incentives based on performance, leading to significant remuneration and financial freedom. By leveraging kiosk banking, one can contribute to the growth of financial inclusion while achieving personal and professional success.