STATE BANK OF INDIA – KIOSK BANKING CSP
Born under the financial inclusion program, SBI Kiosk banking is an initiative by the Reserve Bank of India, through which it allows private entities to offer banking services to low-income groups (LIG) without having to visit the actual bank branch as its subdivision, in order to bring reforms in the life of village folks who fail to maintain a balance in their account and for the people residing in unbanked areas to achieve the goal of financial inclusion.
State bank of India CSP permits its customers to avail all the basic banking facilities without having to visit the actual bank for services like cash withdrawal, cash deposit, account opening, remittance, etc.
The main idea of State bank of India Kiosk Banking is to cover all the hinder-lands of India that are yet to be covered with the banking infrastructure and provide them with banking facilities and interested parties can apply online for Kiosk by filling simple SBI CSP Registration Inquiry Form.
WHAT DOES RETAILER NEEDS
- One Should have a computer with an active internet connection, and basic computer knowledge.
- Must be at least 18 years of age.
- Need to have a shop with an area of 10* 10
- Reside within 10 km radius of branch.
KIOSK BENEFIT TO CUSTOMERS
With State bank of India Kiosk Banking in rural villages – customers can avail banking services without traveling long distances. A CSP can provide these banking services outside of banking hours for the convenience of the customers. Disbursements of customer amounts for schemes occur through the SBI Kiosk- ensuring the amount reaches its rightful owners. Ease of availing services such as re-issuance of checkbooks. Daily banking activities like Cash Deposit and Cash withdrawal become accessible via SBI CSP even if the customer has no knowledge of how to avail of these services.
COMMISSION RETAILERS EARNS
Sbi Csp Apply is a very lucrative investment as the returns are much higher. An SBI CSP earns a commission for most services provided. For eg. For each account opened, for each loan plan and insurance sold they will get a commission. A commission will be provided on loan recovery as well. Similarly, an SBI CSP will earn based on all the services he provides. It is possible to earn even Rs. 1 lakh per month and even more, by setting up State Bank Kiosk Banking Point.
In India, we have a huge gap in the availability of banking infrastructure in many villages. To fill this gap, SBI Kiosk Banking is the solution. The financial Inclusion plan of the government consists of opening SBI Customer Service Points, where SBI CSP can act as a bank in absence of a proper banking structure.
Any private entity or outsourced party in association with SBI Kiosk Banking is free to open a no-frills account for any customer with their basic KYC information such as photo ID and fingerprint. Later the information collected shall be processed and on completion of the process, the consumers in that region are permitted to avail the of basic banking facilities such as cash withdrawal and cash deposit from SBI Kiosk center or SBI Customer Service Point.
- Opening a no-frills account for applicants
- Cash deposit and cash withdrawal
- Atal Pension Jan Dhan Yojna
- Aadhaar enabled cash withdrawal and cash deposit
- Pradhan Mantri Jan Dhan Yojna Account open
- Recurring Deposit Account Opening
- Fixed Deposit Account Opening
- Fund Transfer
- AEPs
- IMPS
- Aadhar & Mobile Seeding
- Micro Insurance
- PPF Account
- Sukanya Samrudhi Yojana
- Loan & Recovery
- Passbook Print
- New Cheque Book Issue
Retailers interested in SBI CSP Apply online by filling CSP Registration form or making offline SBI CSP registration.
In the case of offline SBI Kiosk registration, the applicant should visit their nearest area business correspondent and provide all the basic documents and ID proof along with the application form.
The business correspondent will verify all the documents received at the time of SBI CSP registration for holding SBI CSP account and will either approve or reject the same.
After the successful selection of SBI CSP, a welcome kit is sent to applicants of SBI Customer service point along with training for same. After the completion of the entire process and training, SBI Kiosk banking is free to offer primary banking services to its customers.
- Proud owner :The youth starting with SBI Kiosk Banking or SBI CSP becomes the proud owner of an outsourced banking unit.
- Handsome Earning:As per reports, the ones who hold SBI CSP account earn up to 1 lakh to 1.5 lakh rupees per month as commission. The Reserve Bank of India has issued strict guidelines to review this commission structure every quarterly in favour of SBI Customer Service Point.
- Earn Blessings!:After completion of the SBI kiosk online application, when you start offering banking facilities to hundreds of villagers who were facing problems due to non – availability of banking infrastructure, you solve their problem and earn their blessing!