Sudip Banerjee , India
10 December 2020

Distance between kiosk banking outlets and formal bank branch in rural landscape, often exceeds a radius of 3 km. The agents travel almost everyday to the branch for cash management undertaking risk of life and cash value at more than 10 times his monthly income. Insurance for cash-in-transit does not allow public transport for travel. Hence motor-cycles like bikes or scooters are essential. Women agents face difficulties in prioritizing their need for personal vehicle over other financial needs of the family. A personal dilemma of huge social significance that can boost business for bank ( a motorized vehicle boost income of agent by 20% aprox. per month).