This is a branchless banking service that aims to provide rural consumers access through point of transaction (POT) machines using smart cards. Link to external site : Website for EBL Branchless Banking/ Everest Bank Ghar-Dailo Banking Sewa |  |
| Brand | |
| Launched in | |
| Status |
Active Register/Log In |
| Launch |
2009 Jun Register/Log In |
| Importance |
Medium Register/Log In |
| Traction |
Low but Growing Upgrade to Bronze |
| Evaluation | |
| Account Type |
Branchless Banking Account Register/Log In |
| Business Model | |
| Class |
| Send | Services | Receive | ||||
|---|---|---|---|---|---|---|
 ATM  Branch  Location  POS |
 Card  Cash |
 |
 BB Card  CICO  IMT |
|
Card Cash |
ATM Branch Location POS |
| Model |
bank based Upgrade to Bronze |
| Who Leads? |
bank led Upgrade to Bronze |
| Reach |
Subnational Upgrade to Bronze |
| Active Users |
-- NA -- Upgrade to Bronze |
| Registered Users |
-- NA -- Upgrade to Bronze |
| Potential Mobile Market (m) |
13.397 Upgrade to Bronze |
| Regulations |
| Persona | |
| Purpose | |
| Active Services | |
| Card Type |
OtherCard Register/Log In |
| ServicesDescription | |
| Channels | |
| Payment Instruments | |
| Cash I/O Description | |
| Cash I/O No Of Locations | |
| Handsets | |
| Technologies |
Biometric card Register/Log In |
| Interoperability | |
| RegistrationProcess |
The bank selects Business Correspondents (BC) in remote areas and associates them with the nearest bank branch. BCs are provided a Point of Transaction(POT) machine to carry out banking transactions such as deposits and withdrawals. Remittances from abroad can be credited to the accounts and withdrawn at the BC. BCs have an Agent card to operate the machine.
BCs can collect customer details for account opening and submit to the designated branch. Once the account is opened, the customer receives a smart card with photograph and demographic details. The BC activates the biometric card and takes customer fingerprints, to be used when the card is operated.
Security is ensured as the account holder himself has to be present along with Smart card at the agen location for the withdrawal and deposit. Random selection of Fingerprint impression is made during the transaction. |
| Main Segment | Rural |
| Segment Description |