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Home / Finance / Banking / What Is Kiosk Banking?
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What Is Kiosk Banking?

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0 2022-10-17T09:39:39+00:00

You get to know a lot of bank related things when you marry a bank manager and for my husband, I am almost knowing about different banking terms everyday. He asked me last month whether I know what

is KIOSK banking or not and I had never ever heard the term so my answer was simply no. KIOSK stands for Kommunikasjon Intergrert Offetlig Service Kontor. Don’t worry it took almost half an hour to pronounce it but its meaning is important to know. So let me help you know KIOSK banking meaning.

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  What does KIOSK banking mean?
  • KIOSK in banking refers to a service that aims to cater to the banking needs of the low income section of people in the society mainly.  It help individuals to access banking facilities like Cheque transfer

  • Transactions

  • Balance inquiry

  • Cash deposit and a lot more. 

They can do this without even having to go to the bank.  

  What are some of the advantages of KIOSK banking?

The advantages of KIOSK banking is that it

  • Reduces the number of working men and this is a self-service operation

  • Can handle multiple tasks 

  • Provide contactless method of doing business

  • Provide high customer satisfaction

  • Available 24*7

 

You all must know what an ATM does. Now KIOSK is sort of a same things but caters more services and benefits.

 

This is

KIOSK banking meaning.

  Read More:

How to transfer money without ATM Card and Net Banking?

How much cash can be deposited in bank in India?

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