Overview of SBI Kiosk Banking
SBI Kiosk Banking refers to a service provided by the bank that allows individuals to access basic banking facilities through kiosks or banking correspondents in remote or underserved areas. The kiosks act as mini-bank branches, offering services like fund transfers, cash deposits/withdrawals, balance inquiries, bill payments, etc. without customers having to visit a bank branch.
Key Facilities Offered through SBI Kiosks
- Fund Transfers
- Balance Enquiries
- Cash Deposit & Withdrawal
- Small Savings Accounts
- Micro Credit Facilities
- Pension Payments
- Mobile & DTH Recharge
Importance of SBI Kiosk Banking
SBI Kiosk Banking aims to promote financial inclusion by providing essential banking services to rural communities and economically weaker sections. The transactions at SBI kiosks are secured through biometric authentication. It has helped bridge the gap in banking infrastructure in remote areas, bringing financial services to the unbanked population. Additionally, it has created income opportunities for small rural entrepreneurs who manage the kiosks.