Union Bank of India is planning to start kiosk banking in Kerala and will begin the process for the same in Ernakulam district. It has inked pact with Akshaya for making Akshaya kendras as banking kiosks. Through these kiosks, customers can open accounts, make remittances and withdrawals, transfer funds from one account to another.
With this initiative, the bank plans to provide extensive reach of banking services through these kiosks. The lead bank for Ernakulam and Idukkit has also rolled out direct benefit transfer in 11 districts of Kerala from July 1, 2013.
