A Look at The Functioning of A Kiosk Bank Mitra

These days the concept of kiosk banking is popular in the rural areas and rightly so. It is via this medium that the cash savings of the rural population has been inducted into the formal economy. The lack of banking outreach into the hinterland has impacted the village folk significantly. There have been plenty of instances when rural savings have fallen prey to agents of dubious chit fund companies. However, with kiosk banks coming up in most hinterland areas the villagers can safely deposit cash in their own name with government recognized banks. This concept has another benefit and it is about generating employment at the village level. It is via applying for the post of a kiosk bank mitra that educated village youth can also benefit financially.

Can I apply for this post?

It is other than applying for a bank mitra there is also a need to Apply for Paypoint CSP. It is a lucrative career option and you would perhaps be eager to apply. The first criterion here is that the applicant must be educated but unemployed. The concept is surely about reaching out to the hinterland with formal banking services, but there has also been a simultaneous effort to boost employment at the rural level. There is also a need to arrange for some real estate space and this can be the customer service point. You will be dealing in public money and the parent bank can always insist on the need to place a clearance certificate from the local police station. This is a basic criterion, which you need to meet in the quest to apply for this post.

A look at the function:

The functioning or scope of work for a Kiosk Bank Mitra is vast. It is surely about offering basic banking services to the rural population. A person can open bank accounts and do the basic functions such as depositing or withdrawing cash. There is even the scope for customers to place the order for cheque books. It is a concept, which allows villagers in the hinterland to enjoy the benefits of formal banking, but the volumes of transactions are slightly lower. We would like to say that a kiosk bank cannot sanction loans and these are some minor differences from a formal bank branch.

There is scope to offer something more than core banking:

As you apply for Paypoint CSP or a bank mitra post, we would like to say that the scope for work is more than basic core banking. We would like to spring up a surprise by saying that there is always the scope to sell insurance policies for LIC. This is another income opportunity for the bank mitra. You can sell pension plans and that should benefit the customer at old age. There is even the scope to sell something completely contrasting in the form of recharge coupons for prepaid mobiles. One can feel that there is plenty more to offer beyond the aspect of core banking and naturally the scope to earn money is higher.

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