What is kiosk banking and how to apply for kiosk banking

Till now we have told you about many types of business related to customer service center, such as how to become a bank friend or how to get a franchise of a post office. Today we are going to tell you about another such business, which you can open and provide service in your village or city.

The kiosk are a small internet enabled booth through which customers can perform various tasks related to the bank. Kiosks are being opened by banks of our country in many areas. So that people can easily do their bank work through them without going to a bank branch.

A kiosk machine is like an ATM machine, but where only the money can be withdrawn from the ATM machine, in addition to withdrawing money from the kiosk machine, money can be deposited through it and money can also be sent to any other account

How to work through kiosk banking

Those who will be opening kiosks also have to open No Frills Savings Bank accounts (without depositing any money) from the people. To do this, they will have to take people’s photos and their finger prints and send all these information to the concerned bank. At the same time, when this account will be opened by the bank, the person opening the account will be able to deposit their money through the kiosk branch, get it out and do other types of work related to the bank.

Under kiosk banking, a maximum of Rs 50,000 can be deposited in an account and daily transactions up to Rs 10,000 can be done. Therefore, if a customer has to deposit more than Rs 50,000, then he has to go to the bank branch and similarly if he has to withdraw more than 10 thousand money, then he will have to go to the bank branch.

People who have opened customer service centers can easily start kiosk banking service from their center. In fact, many banks have been associated with the customer service center scheme launched by the Government of India and are offering services of kiosks in these centers. On the other hand, people who are not bank friends need not be disappointed because any person can apply to get kiosk banking.

However, only those people who are at least 18 years of age and who have studied up to the minimum 12th standard can apply to open kiosk banking. Apart from this, that person should also have 100 to 200 square feet of space and should also have computer, printer and net facilities.

What Is A Payment Kiosk: Everything You Need To Know

A payment kiosk is a type of self-service kiosk that is able to receive a bill payment in exchange for a service or good rendered. An example of this is buying a ticket at a bus stop, where money is inserted, and a bus ticket is printed for you without having you interact with a bus station employee. The advantage of this is that this streamlined process allows companies to allocate their resources elsewhere while still being able to service a customer’s needs on their own terms.

A payment system is any system that is used to settle financial transactions through the transfer of monetary value. That is the technical definition, but the simplified version is that a payment system is any system designed to collect money in exchange for a good or service. Self-service kiosk implement this rather well, by providing a good or service, where the consumer can deposit cash or card to receive a good or service in exchange.

• Fast Food-Fast food restaurants employ payment kiosks so that you can order food and pay for it either at the kiosk itself or at the front of the line when your order is ready.

• Government-Government buildings employ payment kiosks for handling parking ticket exchanges or for payment of a pre-existing fee or fine.

• Utility-Utility companies such as water and electric use payment kiosks to handle bill payments