What is the procedure for opening new Kiosk Banking facility?

A recommendation letter is forwarded to the bank branch by NIS. The recommendation and a request letter (find format at this link) for appointment and opening of a OD124 Account of BC by the Branch is sent to the regional office with the application and a KYC (find format at this link). The regional office authorizes the branch to open the OD124 Account after scrutinizing the documents. The Branch opens the OD124 Account and sends NIS the excel sheet (find format at this link) for the generation of the KO ID. The regional office forwards the excel sheet to BCC for generation of KO ID with the authority letter from RM/DRM. After receiving the KO ID from BCC the same is forwarded to BC/Branch/NIS. The branch also sends a duly verified copy of Aadhaar separately.

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