CSP customer Service Point is act as a mini bank with limited transaction facility just like a bank. Bank Mitra or CSP work as a representative of respective bank to provide facility of various services offered by bank. CSP dramatically reduced the load of main branch. Also bring Banking services door step of customers. State Bank of India (SBI) willing to reach all rural area where no SBI banking service is available. Banking Correspondence or BC point fulfill the goal to reach each corner of India. In this article you will understand all facts of CSP. Also you will know how to get SBI CSP in your area. CSP owner can earn revenue to its linked bank account. Potential earning will depend upon work done in CSP point. Average earning of CSP owner is 20K to 40k if he has good banking customer base.
Table of contents
Which facilities to be provide from CSP?
Any customer can withdrawal their money by using ATM card or Aadhar card number. Cash Deposit and Money Transfer service also available in the CSP. You can open Bank Account in CSP. Jan Dhan Account opening services (Saving A/C) is allowed in CSP Center. Now Passbook Printing services available in CSP Center. Atal Pension Yojana (PMAPY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Surakshya Bima Yojana (PMSBY) services are available from CSP center. E-KYC Update and Mobile Number update facility also done here. With this job CSP owner can earn good commission.
- This is called a no-frills account where there is no minimum balance or charges levied.
- Minimum Balance -Zero Balance.
- Maximum Balance- 50,000 ( If over 50k then the account will converted to regular Bank account)
- Maximum limit of transactions – 10,000/- per day
- ATM Card is issued
- Money transfer
- Account opening
- Cash withdraw
- Cash Deposit
- APY
- PMJJY
- PMSBY
- Fixed deposit
Eligibility & Documents required to open CSP center
Eligibility to apply for CSP-
- Higher secondary qualified
- No criminal record
- Good Civil record
- Outlet minimum 200sq feet
- Police verification report
- Good character certificate
Documents Required-
- Aadhar card
- PAN card
- 2 passport size Photo
- Cancelled Cheque
- IIBF certification
- Address proof of shop.
Equipment’s required to start a new CSP
- 200 to 300sqft Room with basic emanates like table, chair.
- Computer/Laptop,
- Standard Printer, Passbook printer(optional)
- Scanner or webcam
- Biometric device- finger print scanner
- Internet connection
- Inverter or power backup.
Commission Chart of CSP
Here you can see standard chart of commission for CSP. Bit it may differ from third-party CSP providers.
| SL. NO | PURPOSE | COMMISION |
|---|---|---|
| 1 | Account Opening | Rs 15/- if initial amount more than Rs. 100/- |
| 2 | RD Account | Rs 15 if opened with Rs. 15/- |
| 3 | Cash Deposit | Minimum Rs. 2/- to Max. Rs. 12/- for each hit |
| 4 | Cash Withdrawal | Minimum Rs. 3/- to Max. Rs. 30/- for each hit |
| 5 | STDR | Minimum Rs. 15 to Max. Rs. 50/- |
| 6 | Aadhar seeding | Rs. 5/- for each seeding |
| 7 | Mobile seeding | Rs. 5/- for each seeding |
| 8 | Passbook Printing | Rs. 5/- for each page print |
| 9 | Rural commission | Rs. 2000/- incentive if 50 A/C opening or 100 TXN |
| 10 | PMJJY | Rs. 30/- for each |
| 11 | APY | Rs. 30/- for each |
How to apply for CSP?
To apply for SBI CSP you must visit to your nearest SBI Branch and meet with branch manager, Branch manager will give you actual details of your area. If there is no SBI kiosk then you can apply for SBI CSP. First approach to the Bank manager to give form or permission to open SBI kiosk. If direct bank do not give you proper information then you can go for Third party Company. Company will give you form, you have to print the form then fill the form, attach your KYC and submit the form in Bank manager, manager will sign the form and then forward to company. rest the company will process and will provide you CSP credentials.
how many time it will take to get sbi kiosk- generally 15days, 30days, 3months. Depend upon area- if csp required on that area will get quickly, If you are from other area that has no demand of CSP then it will take more time.
Cost to open SBI CSP- Some companies gives free of cost like CSP. Some time company charge 10000 to 50000. With charge company gives you necessary training, banner, Sticker, BC certificate, Biometric device and other equipment’s etc.
What does the retailer(CSP owner) get ?
- Association with State Bank of India
- SBI Software, User ID and password
- Biometric Reader & Software for electronic thumb impression
- Web Software to operate different service (Recharge/Billing/Travel Solution)
- Web + SBI Banners
- Logo/Stickers/Leaflets
- Commission Structure
- Introduction letter of CSP
Some Third Party CSP providers
Always try to contact with more than one CSP providers. try to find out the vendor who can provide you CSP for free. Here i am not recommending you any company it is for your reference use only. You may follow SBI Official Site to avail more details about BC’s.
- CSC e-governance services India limited.
- Zero mass PVT.LTD. call customer care. Zero mass provide free SBI CSP.
- Oxigen Services India Pvt Ltd. It take some charges.
- Digital India Oxigen Private Limited. (https://www.digitalindiacsp.in/online-registration)
- AISECT LIMITED. (https://aisectfi.com/)
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