Banking Kiosk: State Bank of India & Bank Of Baroda

A large number of people, particularly the migrant laborers and factory workers do not have a saving account and even not able to open an account due to lack of valid address and ID proof. As a result they face difficulties to save their earnings in a safe place and look out for solution to send money to their families. SBI Kiosk Banking BC model aims to provide a real time, user friendly solution & banking services to the consumer in their vicinity. Activities can be done from 8 AM to 8 PM 365 days a year.

Services offered

  • A/c Opening
  • Immediate Money Transfer to any Bank account
  • Balance enquiry
  • Deposit / Withdrawal of Cash
  • Fixed deposit
  • E-KYC enrollment
  • Aadhar Enabled Payment System(AEPS)
  • Loan deposit
  • Recurring deposit
  • Social Security Schemes(PMJJY, PMSBY & APY)

Benefits to Retailer

  • Direct Commission from SBI/BOB on all activities
  • Additional commissions on achieving targets
  • Banking Business increases customer footfall which is beneficial
    for existing Business

Documents required

  • Application form
  • PAN Card
  • Shop Address proof
  • 2 passport size photo’s
  • Aadhar Card
  • Resident address Proof

SBI Application - Activation Process

Application Form and Registration fees received by All8one team
Application file to SBI local branch
SBI CSP code received
BC entry and Terminal mapping by SBI officials
Welcome kit and scanner dispatched
Training after kit received
Entire process usually takes 25-30 days