On this page, We are going to learn about the full form of KIOSK and the meaning of KIOSK, As well as the meaning, definition, and acronym for KIOSK in different categories. So you should read this post till the end.
The Full Form of KIOSK: Kommunikasjon Integrert Offentlig Service Kontor
KIOSK Stands for Kommunikasjon Integrert Offentlig Service Kontor. The full form of Kiosk is derived from the Norwegian word. so The Meaning of kiosk in English is “Communication Integrated Public Service Office“.
The kiosk is the term often applied to a small, free-standing structure that provides information and services. Kiosks are often seen in public places such as railway stations, malls, and museums.
Kiosk Meaning in Banking and CSC center
Now, in the banking sector, Kiosk becomes a banking model, Nowadays Financial institutions and banks are providing banking facilities in remote rural areas through small kiosk centers, and employment is also provided to many people through kiosk centers.
Since 2006, the Reserve Bank of India has been providing kiosk banking services in India through the State Bank of India. Bank of India launched KioSK banking services for its customers, in which they provide free account opening, cash deposit, withdrawal, FDs, RDs, passbooks, and checkbooks, among other services.
What is kiosk banking, Its Features, and benefits?
Kiosk banking is the banking process whereby an individual or a group of individuals receive money from a kiosk-based financial institution, such as a retail or ATM bank, for use in their personal or business transactions, rather than for use in the individual’s financial future.
- KIOSK Banking Model provided “No Frill SBI Accounts”
- It provided General-purpose Credit Card (GCC) or Kisan Credit Card (KCC)
- The kiosk center is available in your nearest location, so No Travel expenses and No Queues in branches for banking services
- Fewer KYC documents were required for KYC
- Regular SBI Saving Bank Account or SBI Fixed Deposit Account.
- Open Term Deposit or Recurring Deposit account
- Easy deposits, withdrawals & cash remittances.
- You can Apply for Loans against Term Deposit Receipt (TDR)
- Deposits can be made from anywhere.
- Easy opening of R.D. & F.D Account.
- Transfer Subsidies, Scholarships, and other Benefits can be directly credited to the account.
FAQs and the meaning of KIOSK?
What is the full form of KIOSK in CSC?
The Full Form of KIOSK is Kommunikasjon Integrert Offentlig Service Kontor. A kiosk is a small, freestanding structure, generally located in a public place and often used for Banking services and banking facilities. The Definition of KIOSK and all possible meanings are given above, You might also like some similar terms related to KIOSK.
What is the acronym of KIOSK in banking?
KIOSK is an acronym for Kommunikasjon Integrert Offentlig Service Kontor. The Definition & Meaning of KIOSK in Different Categories discussed above.