Oxigen made a foray into the much needed Financial Inclusion sector with India's largest bank, State Bank of India in 2011. Through this partnership Oxigen delivers mainstream financial services to the bank-excluded masses of India using remote- biometric enabled Technology for Kiosk Banking.
Oxigen Retailers are being appointed as Business Correspondents to State Bank of India for carrying out banking transactions on behalf of SBI. This technology is powered by Oxigen. It is an Internet enabled PC based technology and extremely easy to use. Therefore anyone can become a Business Correspondents (BC) and open customer accounts at Customer Service Point Kiosk outlet (CSP).
SBI Kiosk transactions are bio-metrically secured. Printed acknowledgment for each transaction is issued to the customer and has end-to-end process of account opening & online transactions. Micro savings and Micro remittances are done through No Frills Savings Bank Accounts at Oxigen CSP Kiosks.
Oxigen Retailers can now be appointed as Customer Service Points for Business Correspondents to State Bank of India and carry out banking transactions on behalf of SBI. Become a CSP/ Business Correspondent for State Bank of India Kiosk Banking and boost-up your earnings. This is a business opportunity to do State Bank of India Kiosk banking in your Retail Outlet. YOU, therefore, become a Mini-Branch of State Bank of India, the country's largest Bank.
This technology is powered by Oxigen. For any further queries, email: firstname.lastname@example.org
Money transfer to another SBI/BC account holder in other locations
Deposit of Cash
Withdrawal of Cash
Loan disbursement (This Service is yet to start)
Current limit of Rs 20,000 per day per bank account holder
Customers can get zero balance account with:
Other Benefits include:
Oxigen will enrol you as a Customer Service Point (CSP) with SBI. This facility and partnership is only available for Oxigen New / existing retailers with PC/Laptop, Printer, Web cam & Web connectivity.
Existing Retailers appointed as CSP will work directly or under the RMU tree as per the existing arrangements with Oxigen. If you are new to Oxigen, you first enrol for an Oxigen Web Retailer and then apply for SBI Kiosk Banking, as a Non-Oxigen Retailer cannot be appointed as a CSP. Please follow the below steps for registering:-
The CSP has to meet the following Infrastructure requisites for the enrolling for this Service:
Following facilities are provided to the new CSP: