The Kiosk Bank Concept offers the Educated Rural Youth A Scope to Earn A Decent Living Closer

It is after you complete education as a rural youth there are perhaps plans to migrate to the big city in search of employment. The migration to the big cities from the villages is a trend for a long time and you perhaps have a similar plan. It is precisely at this stage we would like to throw up a big surprise by suggesting that you can build up a nice career with the Indian banking industry at the village level. This will sound absurd initially but as you check out the details, one will find the scope to be real. Let me now introduce you to the concept of a kiosk bank and this is the latest banking reform introduced by the RBI.

The blueprint prepared by the RBI is about penetrating deep into the hinterland with formal banking services. There is cash generated at the rural areas but perhaps not significant enough for a nationalized bank to open a format branch. It is precisely in such a scenario that the Kiosk Bank model comes into play. It is a concept where the RBI allows banks under its fold to appoint bank mitra posts at the village level. You are surely educated and if one has basic understanding of computer technology, there is scope to apply. Today most banks under the purview of RBI are appointing the bank mitra posts and you have the liberty to select.

If you boast of a clean police record there is no reason why you cannot apply and you must contact a CSP Provider. You must set up a customer service point and it is precisely at this stage we would like to say something. This is a retail outlet and this point should operate as your work station. One needs to be careful on selecting this retail space and look to identify a location, which is at a significant distance from any nationalized bank branch. Your role is to convince the rural folk and bring them under the formal economy by opening their bank accounts. If the CSP location is too close to a formal branch, a potential customer may find it convenient to deal with an official branch rather than you.

It is only once you have selected the location carefully; it would be prudent to contact a CSP provider. The permission to operate a CSP and as a bank mitra should come soon. You could start work and the primary role here will be to introduce the rural folk to formal banking. One can help them to open bank accounts and assist them through the operations. They can deposit, withdraw cash and also place the order for cheque books. The commissions are lucrative and we would like to say that there is scope for more work. One can also sell insurance policies for LIC and recharge coupons for prepaid mobile connections. It is a nice earnings opportunity for the educated rural youth and one must not miss out this golden scope. You no longer need to migrate to the city in search of a live hood.

Article Sources: https://vigyaa.com/the-kiosk-bank-concept-offers-the-educated-rural-youth-a-scope-to/?articleId=fd5b0484

Bank Mitra BC is the technology service provider and business correspondent to several banks.It was formed with the aim of serving the customers of various banks with their best facilities.