SBI Kiosk Banking refers to a service provided by the bank that allows individuals to access basic banking facilities through kiosks or banking correspondents in remote or underserved areas where traditional bank branches are not easily accessible.

Here are some benefits of SBI Kiosk Banking:

• Financial Inclusion: SBI Kiosk Banking aims to promote financial inclusion by providing banking services to people in rural and remote areas. It helps bring the unbanked population into the formal banking system.
• Accessibility: Kiosk Banking allows customers to perform basic banking transactions like cash deposits, cash withdrawals, fund transfers, account balance inquiries, and more, closer to their homes without having to travel long distances to reach a bank branch.
• Convenience: The kiosk outlets operate for extended hours, making it convenient for customers to access banking services even during non-working hours and weekends.
• Low Transaction Costs: The cost of providing services through kiosks is generally lower than setting up and maintaining a brick-and-mortar branch, which can lead to lower transaction costs for customers.
• Technology-driven: SBI Kiosk Banking utilizes technology to facilitate transactions, making it more efficient and reducing the need for paperwork.
• Employment Opportunities: Kiosk Banking creates employment opportunities for people in the local communities who become banking correspondents, serving as intermediaries between the bank and the customers.
• Fast Transactions: The simplified processes and technology-driven nature of kiosk banking usually result in faster transaction times compared to traditional bank branches.
• Mobile Banking Services: Kiosk Banking often provides access to mobile banking services, enabling customers to perform banking operations through their mobile phones, further enhancing convenience.
• Government Initiatives: SBI Kiosk Banking aligns with various government initiatives focused on financial inclusion and improving banking services in remote areas.