A retailer can open a no-frills bank account for a customer by recording fingerprint details and taking a photograph of the customer. The details along with other documents are forwarded to the affiliated bank branch to carry out the know-your-customer process. Once the account is up, a customer can withdraw, deposit or remit a maximum of Rs 10,000 per day through the internet-enabled kiosk branch.

Initially, Bank of India Kiosk banking will provide the following services: • Deposit of Cash • Withdrawal of Cash • Money transfer to another Bank of India account holder in other locations • Bank of India can enhance the product list of BC. However BF work shall start after stabilization of BC work.

CSC SPC will enroll SCA as Sub BC and VLE shall be Customer Service Point (CSP) as per agreement with Bank of India for this facility. This facility and partnership is available for all CSC retail offices with Web connectivity. VLE can enroll for this facility through SCA. In some state other agencies are also involve for implementing the kiosk banking in authorized areas and my oxygen is one of them which is assigned for Madhya Pradesh state for providing kiosk Banking outlets.

• A 'No Frill Bank of India Accounts' through KIOSK Banking Model • General purpose Credit Card (GCC)/Kisan Credit Card (KCC) • Term Deposit/Recurring Deposit • Regular Bank of India Saving Bank Account • Loans against Term Deposit Receipt (TDR) etc • Hassle free opening of savings account. • Less KYC documents. • No Queues. • No Travel expenses • Easy deposits, withdrawals & cash remittances. • Easy opening of R.D. & F.D Account. • Deposits can be made from anywhere. • Transfer Subsidies, Scholarships and other Benefits can be directly credited to the account.

• 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. • Customer also benefits from long banking hours : As long as the shop is open.

Earn on opening New Account, every Cash Deposit/ Cash Withdrawal/ Loans and Money Transfer or any services of the bank. For More information about kiosk banking please visit at nearest Bank of India Bank or Contact Service Center Agency (SCA) of your own area. The Bank’s initiative of the KIOSK Banking allows customers to undertake different banking transactions without the need for visiting a Bank Branch. Having partnered with Bank of India and IDBI, Alankit delivers mainstream financial services to the mass bank-excluded Indian public using remote-biometric enabled secure technology through kiosk banking. Customers may open bank accounts and do all types of bank related transactions at an Bank of India or IDBI Kiosk Banking outlet.