FinRecord is designed to help CSP holders, who are typically small merchants, vendors, or banking agents that provide basic financial services in underserved areas. FinRecord appears to be a multi-functional tool designed to simplify the lives of Banking CSP (Customer Service Point) Operators in India. Here's a breakdown of its functionalities:
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Cash Manager:
- Tracks total cash deposits and withdrawals.
- Calculates and displays the current cash balance (in hand) for the CSP operator.
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Loan Calculator:
- Takes user input for loan tenure (duration), interest rate, and loan amount.
- Calculates and displays:
- Monthly EMI (Equated Monthly Installment) payment.
- Total interest payable over the loan term.
- Total loan repayment amount.
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New Enrollment:
- Assists CSP operators in registering new customers for bank accounts.
- Captures customer details like:
- Full name
- Contact number
- Email address
- Passport photo
- Preferred debit card type (Visa or Mastercard)
- Creates a list of these new enrollments.
- Allows emailing the list to the parent branch by the end of the day for further processing.
- This feature helps reduce physical paperwork and eliminates the need for customers to visit the parent branch for document submission.
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FinBot (Chatbot):
- Acts as a virtual assistant providing information on various bank loans.
- Features include:
- Listing bank loans with competitive interest rates.
- Providing details for each loan option, such as:
- Required documents
- Maximum loan duration
- Minimum and maximum loan amounts