Bank of India Kiosk Registration 2023

Bank of India Kiosk. In today’s time, people do everything to save time, but they still spend a lot of time waiting in lines and doing their banking tasks at a bank. To address this issue, the Bank of India has started a new plan in which the bank provides a kiosk where all the tasks that are performed at a bank, such as opening an account, depositing money, and withdrawing money, can be done at the kiosk. The kiosk functions like a small bank.

Since the demonetization, many people have opened bank accounts, and it is no surprise that there are crowds at banks. To address this, the bank has introduced a small bank where a customer service representative (CSP) handles all the tasks. The main purpose of opening the Bank of India Kiosk is to reduce crowds. Anyone can open a CSP, and there is no examination or interview required. Any person can easily open a CSP.

Highlights of Bank of India Kiosk Banking

Article Name	Bank of India Kiosk Registration
Service Name	Bank of India Kiosk
Application Process	Online and Offline
Benefits of Scheme	To provide banking services to rural citizens
Aim of Scheme	Provide benefits of banking services and government schemes to rural customers
Official website	Click here

What is Bank of India Kiosk Banking?

Bank of India Kiosk refers to a booth or counter, a permanent location where customers can easily perform all their banking tasks. Customers can easily access many services at this customer service centre. It is a type of small money bank where you can withdraw from 500 rupees to 10,000 rupees and get information about your account balance here.

If you open an account here, you will receive a very special passbook, which is only one page containing all your details and your account number. You can easily make transactions with this passbook.

BOI Kiosk banking is a small Internet bank where you can perform all the tasks you do at a bank, reducing crowds at the bank and providing convenience to customers. Kiosk banking was started by the Reserve Bank of India (RBI) due to the lack of banking services in many places or small towns.

As a result, many people opened accounts and are now able to benefit from government schemes. The special thing about this customer service centre is that no employee is appointed by the bank, and anyone can easily open it.

Eligibility for Bank of India Kiosk Banking

To open a Bank of India Kiosk, the person must be a resident of the same area where they want to open the kiosk bank customer service centre.

The age for the applicant of BOI Kiosk must be at least 18 years old. The applicant must have passed 10th and 12th grade and have a computer certificate to show that they are able to use a computer.
Any person can apply to open a kiosk bank or customer service point, but preference is given to retired employees or soldiers who can easily get a kiosk bank.
To open a kiosk bank or customer service centre, you need a minimum of 100 to 150 square feet of space.

What are the facilities provided by the Bank of India Kiosk?

Bank of India Kiosk offers many banking-related services, which means customers do not need to visit the bank branch. Here is a list of services offered at kiosk banks:

Opening an account for customers
Linking customer’s PAN cards, Aadhar cards, and mobile numbers to their account
Depositing and withdrawing money from a customer’s account
Issuing an ATM card for a customer
Providing insurance services to customers
Transferring money from a customer’s account to another account where they want it
Opening a customer’s RD-FD account

What equipment is necessary for the Bank of India Kiosk Bank?

To open a Bank of India Kiosk, you will need some equipment that we listed below.

A Laptop or desktop with minimum Windows 7 installed
A good internet connection
Stationery products
Fingerprint scanning device
Power backup of 24/7 hours
Both coloured and Black and white printer
Furniture for sitting of customers
Proper air ventilation
Safety drawers for the collection of cash and documents
A counter

BOI CSP Apply Online

Documents Required for Bank of India Kiosk

You have to arrange some necessary documents which are required to open a BOI Kiosk Banking.

Aadhar Card
PAN Card
Voter ID Card
Residential Address Proof
4 passport-size photographs
Driving license
Electricity bill
Ration Card
Shop documents with address proof
Business permission
GST certificate

How to apply for Bank of India Kiosk Banking?

No online application form is available to apply for Bank of India Kiosk Banking. You must contact a Bank of India branch and speak to the branch manager about opening a kiosk banking account. The branch manager will provide you with a form to complete with your details and any required documents.

Make sure to be cautious of any fake companies offering BOI kiosk banking services, as they may try to scam you and cause you to lose both time and money.

So, you can apply for Bank of India Kiosk by following online and offline methods. In an online method, you can do Bank of India Kiosk Registration by visiting a third-party company website. However, the offline method requires you to visit the nearest Bank of India branch. Let’s know about the process for Bank of India Kiosk Registration by both online and offline methods.

Bank of India Kiosk Apply Online

Visit the official website of the CSP provider company.
Click on the ‘CSP Application’ form.
Choose ‘Bank of India’ from the bank option.
Enter other required details in the form and click on the ‘submit’ button.
After a few days, the company will contact you regarding your CSP application for the Bank of India.

Offline Apply for Bank of India CSP/Kiosk

Visit the nearest branch of the Bank of India.
Ask the bank employees about your interest in opening a Bank of India Kiosk.
Request an application form and fill it out by entering the necessary details.
Submit the form to the bank by attaching the required documents.
Now, talk with the bank manager regarding your Kiosk application.
The bank manager will help you to open a Bank of India Kiosk when you are found eligible by the bank.

Bank of India Kiosk Form Download

If you want to apply for Bank of India Kiosk, then we are going to share below the CSP application form for Bank of India. You can download the form and submit it to the bank by filling it out and attaching the necessary documents. After you submit the CSP application form to the Bank of India branch, your application will move forward to the next step.

Bank of India Kiosk Registration Form Download Download Now

What does the BOI Kiosk Banking offer to customers?

Bank of India Kiosk Banking offers many benefits to customers. Some of these benefits include:

Ability to access banking services in areas where traditional branches may not be present or may have long lines
Ability to withdraw money using an Aadhaar card, without the need to fill out a withdrawal form
Provision of employment to at least two people at each kiosk
Quick resolution of issues within 1 hour at the kiosk
Opportunity to earn a good income by operating a kiosk
Time saved for customers by not having to visit a traditional branch.

How much is the investment in the Bank of India Kiosk?

You don’t need to pay any registration fees to the Bank of India for opening a Kiosk point. However, you have to pay a minimal fee to a third-party CSP provider company which helps you to set up your own Bank of India Kiosk. Apart from this, the applicant needs to invest some money in purchasing some necessary equipment such as a computer, printer, scanner, fingerprint scanning device, furniture, electricity connection, wifi connection, etc.

To set up a Bank of India Kiosk, you need to invest a minimum of 1 lakh rupees without thinking about the return on investment.

How much is the Earning in Bank of India Kiosk Banking?

In BOI Kiosk Banking, you are not given any kind of salary. Instead, you are given a commission, such as if you open a fixed deposit for someone, you are given a commission of INR 10 by the bank. If you make a transaction from someone’s account, you are given a commission of 0.05% of the transaction amount. If the topic is a loan, then if someone takes a loan, a commission of 8-10% is given.

Bank of India Kiosk Commission Chart PDF Download Download Now

Banking Services	Commission
Account opening for BF	Rs. 10/-
Account opening for Normal account	Rs. 10/-
0.50% of transaction amount and maximum up to Rs. 25/-	Rs. 20/-
Cash deposit – AEPS ON-us and Card & PIN	0.50% of transaction amount and maximum up to Rs. 25/-
Cash deposit – AEPS OFF-us and Card & PIN	0.50% of transaction amount and maximum up to Rs. 25/-
Cash withdrawal – AEPS Withdrawal ON-us and Card & PIN	0.50% of transaction amount and maximum up to Rs. 25/-
Cash withdrawal – AEPS Withdrawal OFF-us and Card & PIN	0.50% of transaction amount and maximum up to Rs. 25/-
Fund transfer	Remittance (within the same bank)
Remittance (for non-home transaction)	0.50% of transaction amount and max. upto Rs. 20/-
Request for new chequebook	0.5 % of transaction amount and max. upto Rs. 20/-
Recurring Deposit	Rs. 10/- per account
Aadhaar Seeding	Rs. 5/- per account
Rupay Card Activation	Rs. 5/- per account
Recovery of loans	0.5% of recovery amount
3rd party financial products	25% of commission
Request for new cheque book	Rs. 2/-
Stop cheque request	Rs. 2/-
Cheque collection	Rs. 10/-
Renew R/D and TDR	Rs. 10/-

What are the Best CSP Provider Companies for BOI Kiosk Bank?

There are lots of CSP provider companies available in the market that help you to get a BOI Kiosk. But some of them are fake and can lead you to lose some time and money.

So, for you, we are listing some best CSP provider companies in India.

Digital India CSP
Bank Mitra
Pay Point India
My Oxigen
Kiosk Bank
Customer Service Centre
Bank Mitra
Grahak Seva Kendra
ALANKIT
Samar Info Tech
AISECT
VAKARANGEE Ltd

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Conclusion

In this article, you learn about Bank of India Kiosk Banking. As we know, every person needs banking services to manage their finances. But, due to a shortage of time, every person can’t visit the Bank of India to get banking services. The other reason is that lots of crowds exist in every bank.

To solve this problem, the Bank of India established the BOI Kiosk to provide banking services. They can easily get every type of banking service without wasting their time and money. So, if you are looking for some best business opportunities, then the Bank of India Kiosk is the best option for you.