Yet another Smart Business idea for Oxigen Retailers!
Become a CSP Business Correspondent for Kiosk Banking to India's largest Bank
Now This is possible!
Oxigen supported Sahyog Micro Finance Foundation has signed an agreement with State Bank of India.
Service Points for Business Correspondents to State Bank of India and carry out banking transactions on behalf of SBI.
Mini-Branch of State Bank of India, the country?
s largest Bank.
This technology is powered by Oxigen.
What Services will SBI Kiosk banking provide?
The SBI Kiosk banking will provide the following services:
* Deposit of Cash
* Withdrawal of Cash
* Money transfer to another SBI/BC account holder in other locations
* Loan disbursement
* Current limit of Rs 10,000 per day per bank account holder
Advantages to the customers :
A 'No Frill SBI Accounts' through KIOSK Banking Model
Home Loans/ Loan Against Property
Auto Loans/Gold Loans/Small & Medium Enterprise (SME) Loans
General purpose Credit Card (GCC)/Kisan Credit Card (KCC)
Current Account/Term Deposit/Recurring Deposit
Regular SBI Saving Bank Account
Mutual fund on a Referral basis
Loans against Term Deposit Receipt (TDR)/ National Saving Certificate (NSC)/Kisan Vikas Patra (KVP)
What type of account will be operated by the Customers?
This is called a no-frills account where there is no minimum balance or charges levied.
Maximum balance can be Rs 50000.
(Balances above this can be held, but then account is converted to a regular bank account and the terms of the bank
and documentations will apply to these accounts).
Minimum Balance -Zero Balance.
Maximum limit of transactions is Rs10,000 per day.
No Cheque book is issued
Only Cash Transactions can be made & only in person by the account holder.
There is no signature required and only electronic thumb impression is used to access/use the account.
Also Oxigen gives a FREE Personal Accident Insurance Policy of Rs. 10,000* for every account holder.
* T&C apply.
Customer also benefits from Long banking hours: As long as the shop is open
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