3i Infotech ties knot with SBI

3i Infotech ties knot with SBI3i Infotech, an IT solutions provider and software product company, has joined hands with State Bank of India, the country's largest lender, to provide revolutionary Kiosk banking facilities to the rural citizens of India.

Under the agreement, SBI will get access to over 6,000 villages in Tamil Nadu alone through around 2,000 I-SERVE stores of 3i Infotech over a period of time.

Both partners claim that with the latest pact, customers can avail a host of banking services, which include opening of Accounts (No frills, Savings, Current, etc) as well as Cash transactions, apart from facilitating such services like various types of Loans (Crop, Home, Automobiles, Business loans, etc.), and deposits (Fixed and Recurring Deposits).

A company official, who did not want to be identified, has informed that proposed model involves the use of biometric services, which will enable verification and authentication of the identity of customers through recognition of their fingerprints.