How to apply for bank CSP?

Jul - 10
2020
Kiosk Banking

How to apply for bank CSP?

Make your shop Mini bank & provide basic SBI banking services to your customers!!!
SBI Kiosk Banking BC model aims to supply a true time, user friendly banking services to the buyer in their neighborhood. Pay Point India has been a National ‘Business Correspondent’ for the state bank of India since 2011. As per this arrangement Pay Point India is permitted to provide Kiosk banking service to its present retail network and make new Kiosk Banking agents across the country.

About SBI Kiosk Banking
A large number of people, particularly the migrant laborers and factory workers do not have a saving account and even not able to open an account due to lack of valid address and ID proof. As a result they face difficulties to save lots of their earnings during a safe place and appearance out for solution to send money to their families. Through the Kiosk banking solution the subsequent services are often offered:

Jinals Computer – Thane
Tatkal Money Transfer to any SBI Bank account
IMPS Transaction/ Balance enquiry
Deposit / Withdrawal of Cash
Fixed deposit/E-KYC enrolment
Aadhar Enabled Payment System(AEPS facility)
Rupay ATM card/SBI Identity card
Loan deposit/Recurring deposit
Social Security Schemes(PMJJY, PMSBY & APY)
What does the retailer 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)
Authorization Certificate of CSP
Web + SBI Banners
Logo/Stickers/Leaflets/Contact Matrix
Commission Structure
Introduction letter of CSP
Benefits to Retailer through Pay Point India:
An easy to use application
Hassle free and simple system
New Revenue opportunity
Increase your goodwill & brand name in market
Banking Business increases customer footfall which is useful for existing Business
What does the retailer need?
PC
Internet Connectivity
Printer
Office or Retail Outlet
SBI Application – Activation Process
Application Form and Registration fees received by Pay Point team
Due diligence by PPINL compliance Team
Application file to SBI local branch
SBI CSP code received
BC entry and Terminal mapping by SBI officials
Welcome kit and scanner dispatched
Training after kit received
Entire process usually takes 25-30 days
What documents are required?
Application form
2 passport size photo’s
PAN Card (Mandatory)
Id Proof (Voter id/Driving License/Passport etc.)
Shop Address proof
Resident address Proof (electricity bill, ration card etc.)
Please note: Activation of SBI service is subject to approval from SBI

Complimentary services
Utility bill payment
DTH & Mobile Recharge
Air ticket Booking
Bus Ticket Booking

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