Bank CSP Provider In India

A Customer Service Point, or bank CSP, is a facility where individuals can access banking services in placed where banks are not present. A kiosk machine will be located at retail stores where customers can perform a variety of financial transactions, including fund transfers and withdrawals of cash. As a result, individuals no longer need to travel to towns or cities to conduct banking transactions.
Several store owners are embracing this concept and are already setting up kiosk banking facilities in their establishments.

In order to successfully apply for CSP, the applicant must meet the following requirements.

• The applicant must be at least 21 years of age or older.
• Your educational qualification should be matriculation or above.
• You must invest some capital from your own pocket for setting up.
• You should have basic computer skills.

If you are sure you could meet this eligibility criteria, go ahead and apply with a CSP provider today.

To set up a kiosk banking facility in your establishment, the following will be necessary when you CSP apply:

• A retail shop or office in at least 200 SQFT sized room.
• A laptop or computer running Windows operating system.
• A standard printer.
• A stable internet connection.
• A power backup.

While carrying out the CSP registration, keep the following documents handy:

• A CSP application form
• PAN Card
• Id Proof such as Voter id, Driving License, Passport (any one)
• 2 recent passport sized photographs
• Address proof of your shop
• Address proof of your residence, such as ration card, electricity bill etc.

A Customer Service Point provides a host of banking services for those who cannot easily visit a bank. CSPs are immensely helpful for those living in rural areas where banks don’t really exist. Plus, low-income individuals (like migrant workers or factory workers) can easily open a bank account even when they don’t have an ID or address proof.
As a business owner, you gain extra income in the form of commissions once you successfully complete the CSP registration online.

The following facilities are available to customers after a successful bank CSP registration:

• Open a no-frills account that doesn’t have a minimum balance requirement.
• Maximum balance to be deposited will be Rs 50,000.
• Rupay ATM card will be issued.
• Customers can send and receive funds.
• Fixed deposit and Recurring deposit are available.
• Maximum limit of transactions will be Rs. 10,000 per day.
• Availability of social security schemes including PMJJBY, PMSBY & APY

Several shop owners CSP apply online to take advantage of the following benefits:

• Store owners earn additional income in the form of commissions.
• The setup we offer will be more intuitive and easier to use.
• Collaborating with leading banks like SBI improves the goodwill of your business.
• Visitors using your CSP will likely shop at your store, thus increasing your sales.

We collaborate with State Bank of India to help register and set up SBI kiosk banking. The following facilities will be provided:

• New SBI bank account login credentials.
• Software that can access the SBI network.
• Biometric reader and software for electronic thumb impression from SBI.
• A sign board with SBI Bank CSP logo alongside your retail store's name.
• Special commissions from Bank CSP based on the transactions made at your facility.

Once you are eligible to apply for all bank CSP, follow the steps outlined below:

• If you are new to Bank CSP, you must first enroll as a Bank CSP web retailer.
• After enrolling as a Bank CSP web retailer, fill out the application form to apply for CSP. A registration fee must be paid at this time.
• Send this form and your KYC documents to Bank CSP by post.
• Your form will go through a verification process. Your application status will be informed promptly. If approved, you will be trained.
• Once the training is complete, you can start the transactions.

Absolutely! Bank CSP provider and SBI uses industry-standard security protocols to ensure customers' money are safe at all times. All transactions will be biometrically secured. Bank account holders can execute the required transactions only after a successful fingerprint authentication.
At the end of every transaction, a printed acknowledgement will also be provided to the user.