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How do you open sbi tiny branch please tell me?

Updated: 9/21/2023
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ANUPDONE

Lvl 1
12y ago

Best Answer

Smart Business idea !Become a Mini-Branch of State Bank of India, the country?s largest Bank.What Services will SBI banking provide?The SBI banking will provide the following services:

  • Deposit of Cash
  • Withdrawal of Cash
  • Money transfer to another SBI/BC account holder in other locations
  • Loan disbursement
  • Current limit of Rs 10,000 per day per bank account holder

How much space is required and other hardware/software?

  • Size of Outlet: Minimum 200 sq feet and must have a counter.

    There must be adequate room to attend to 5-6 customers at a time.

    This is essential to provide efficient and courteous service to the customers and at the same time attend to your regular business.

  • System configuration: PC with a minimum configuration of 20 GB hard disk.

    internet connectivity.

    An Intel base chip of or superior provider.

    A web cam.

    A standard printer/scanner.

Advantages to the customers :
  • A 'No Frill SBI Accounts' through K Banking Model
  • Home Loans/ Loan Against Property
  • Auto Loans/Gold Loans/Small & Medium Enterprise (SME) Loans
  • General purpose Credit Card (GCC)/Kisan Credit Card (KCC)
  • Current Account/Term Deposit/Recurring Deposit
  • Regular SBI Saving Bank Account
  • Mutual fund on a Referral basis
  • Loans against Term Deposit Receipt (TDR)/ National Saving Certificate (NSC)/Kisan Vikas Patra (KVP)
What type of account will be operated by the Customers?
  • This is called a no-frills account where there is no minimum balance or charges levied.
  • Maximum balance can be Rs 50000.

    (Balances above this can be held, but then account is converted to a regular bank account and the terms of the bank and documentations will apply to these accounts).

  • Minimum Balance -Zero Balance.
  • Maximum limit of transactions is Rs10,000 per day.
  • No Cheque book is issued
  • Only Cash Transactions can be made & only in person by the account holder.
  • There is no signature required and only electronic thumb impression is used to access/use the account.
  • Also gives a FREE Personal Accident Insurance Policy of Rs. 10,000* for every account holder.

    * T&C apply.

  • Customer also benefits from Long banking hours: As long as the shop is open What is Retailer's income from Mini Branch Banking ?Earn on opening New Account, every Cash Deposit/ Cash Withdrawal/ Loans and Money TransferWhat does the Retailer get ?
    • Biometric Reader and Software for electronic thumb impression
    • SBI Bank Account ID and Password
    • Software for access to SBI network
    • Glow sign board with SBI logo and your name
    • Special incentives
    Advantages to Retailers
    • New Revenue Stream from Mini-Banking
    • Money Transfer
    • Even, the existing SBI customers can be your customer
    • Significant benefits from Co. on other services
    • Increased customer footfalls
  • For further details , please contact on 8286205300.
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Alyce Corkery

Lvl 13
1y ago
This answer is:
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Wiki User

12y ago

Smart Business idea !Become a Mini-Branch of State Bank of India, the country?s largest Bank.What Services will SBI banking provide?The SBI banking will provide the following services:

  • Deposit of Cash
  • Withdrawal of Cash
  • Money transfer to another SBI/BC account holder in other locations
  • Loan disbursement
  • Current limit of Rs 10,000 per day per bank account holder

How much space is required and other hardware/software?

  • Size of Outlet: Minimum 200 sq feet and must have a counter.

    There must be adequate room to attend to 5-6 customers at a time.

    This is essential to provide efficient and courteous service to the customers and at the same time attend to your regular business.

  • System configuration: PC with a minimum configuration of 20 GB hard disk.

    internet connectivity.

    An Intel base chip of or superior provider.

    A web cam.

    A standard printer/scanner.

Advantages to the customers :
  • A 'No Frill SBI Accounts' through K Banking Model
  • Home Loans/ Loan Against Property
  • Auto Loans/Gold Loans/Small & Medium Enterprise (SME) Loans
  • General purpose Credit Card (GCC)/Kisan Credit Card (KCC)
  • Current Account/Term Deposit/Recurring Deposit
  • Regular SBI Saving Bank Account
  • Mutual fund on a Referral basis
  • Loans against Term Deposit Receipt (TDR)/ National Saving Certificate (NSC)/Kisan Vikas Patra (KVP)
What type of account will be operated by the Customers?
  • This is called a no-frills account where there is no minimum balance or charges levied.
  • Maximum balance can be Rs 50000.

    (Balances above this can be held, but then account is converted to a regular bank account and the terms of the bank and documentations will apply to these accounts).

  • Minimum Balance -Zero Balance.
  • Maximum limit of transactions is Rs10,000 per day.
  • No Cheque book is issued
  • Only Cash Transactions can be made & only in person by the account holder.
  • There is no signature required and only electronic thumb impression is used to access/use the account.
  • Also gives a FREE Personal Accident Insurance Policy of Rs. 10,000* for every account holder.

    * T&C apply.

  • Customer also benefits from Long banking hours: As long as the shop is open What is Retailer's income from Mini Branch Banking ?Earn on opening New Account, every Cash Deposit/ Cash Withdrawal/ Loans and Money TransferWhat does the Retailer get ?
    • Biometric Reader and Software for electronic thumb impression
    • SBI Bank Account ID and Password
    • Software for access to SBI network
    • Glow sign board with SBI logo and your name
    • Special incentives
    Advantages to Retailers
    • New Revenue Stream from Mini-Banking
    • Money Transfer
    • Even, the existing SBI customers can be your customer
    • Significant benefits from Co. on other services
    • Increased customer footfalls
  • For further details , please contact on 8286205300.
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