A Quick Sanction of Your CSP Application From A Top Bank CSP Provider

1. BANK MITRA

2. INTRODUCTION CSP Bank Mitra BC is the technology service provider and business correspondent to several banks. It was formed with the aim of serving the customers of various banks with their best facilities. They also aim at providing financial support to the lower income groups of the society like labourers and workers who do not have a savings account due to the lack of proper documents. As you are planning to opt for a Digital CSP Apply, your position will be that of a Bank Mitra. You are a representative of the bank at the rural level and the role is to offer formal banking services to the villagers. This is a concept, which allows a person to open bank accounts with minimum documents. You can target the migrant labor community and educate them that via this method, they can send money home easily. The only drawback is that a CSP location will have to handle cash volumes on a limited scale.  www.bankmitrabc.co.in

3. KIOSK BANKING The Kiosk Banking concept offers plenty of earnings scope and one can offer a lot more than core banking. One can sell insurance plans for LIC and pension plans to the rural folk. There is even the scope to sell prepaid recharge coupons to the rural folk. Therefore, one can see that beyond core banking there is plenty more to do. It is a nice earnings opportunity present to the rural unemployed youth.  www.bankmitrabc.co.in

4. A Peek into The Concept of Kiosk Banking and the Benefit It Offers to The Rural Youth The banking sector has undergone a major reform and perhaps this was on expected lines. The RBI today intends to bring every Indian under the purview of formal banking and this is a noble intention. It is to fulfill this objective that they have introduced the concept of Kiosk Banking and this is unique. This is a form of banking, which is vastly different from the normal bank branch and it operates on significantly low manpower. There is just the Bank Mitra present to operate this form of a bank and the intent is to lower the overhead costs associated with a normal bank branch.  This concept is also referred to as CSP Bank because it is centered on the customer service point. This is a space from where the Bank Mitra operates and his job is to introduce rural folk to formal banking. This is a banking outreach on the part of RBI to the hinterland areas and this helps to channelize the rural savings into the formal economy. This concept is also about generating employment at the rural level.  The RBI guideline clearly states that only educated but unemployed youth can place an application to operate a CSP bank. The post of an applicant will be that of a Bank Mitra and one must note that there is scope to earn lucrative cash. You will surely need real estate space to operate this form of banking and also alongside one must be ready to invest in the office set up. If you have a clean track record and can place a NOC from the local police, the application to operate this form of a bank should receive a quick sanction.  www.bankmitrabc.co.in

5. A Guide A look at the difference The Indian government intends to generate employment at the village level and even educated but unemployed youths have something to cheer about. The educated village youths have long been migrating to the cities in search of jobs, but this is a trend, which should see a decline in the days to come and one can attribute this development primarily due to the concept of KioskBank. This is a concept of banking, which is becoming hugely popular in rural areas, and the basics of banking do not change. A customer can still look to deposit cash and withdraw money from a kiosk point. There is also the scope to place the order for a cheque book.  The core aspect of banking does not change but the Kiosk Bank has some differences from a standard branch. This format of banking operates on much lower overhead costs. A normal bank branch has plenty of manpower and due to low banking volumes in the hinterland areas; they struggle to generate profits. However, this format of banking operates on a low overhead cost primarily because it is only an individual Bank Mitra who represents the bank. Hence, despite limited operations, this form of banking can sustain in hinterland areas.  www.bankmitrabc.co.in

6. CSP: The Customer Service Point The CSP also referred to as the customer service point is the focal point of this format of banking. This is the office of a bank Mitra and it is from this location that one has to operate. As an educated village youth, you would be eager to apply for CSP and the process is easy. The first criterion for the application is that you must arrange for some space. It could be some inherited property but one has to make sure that it is at some distance from a formal bank branch. If your CSP is located close to a formal bank branch, the potential customer may prefer to deal directly with the branch. As you apply for CSP, another key criterion placed by the authorities is that one must be unemployed. This is a scheme, which is also promoted to generate employment at the village level. You will be handling public money and hence there is certainly a need to present a clean track record. Hence, one may have to present a NOC from the local police station. It is alongside all of this; one must be ready to make investments in an office set up. The scope of earnings is lucrative  This is the basic criterion to set up the CSP point and one must do so. This is a lucrative career option and plenty of rural educated youths are making handsome money via the bank Mitra post. One must note that this is a format, which allows the bank Mitra to offer services beyond core banking. One can sell insurance policies for LIC and this is another earnings opportunity. It is a great career option and rural unemployed but educated youths can look up to it, as a serious alternative.  C R I T E R I A www.bankmitrabc.co.in

7. SBI CSP All nationalized banks are offering the kiosk format of banking but there are some reasons to insist on only the SBI CSP apply. There is just no other Indian bank, which can match the brand value of SBI. One will have to convince the village folk to come under the purview of formal banking and the brand value of SBI should help significantly in this regard. It is a lucrative career option and alongside you get to sell insurance policies of LIC. The scope of earnings is unlimited and educated but unemployed village youths must grab this scope with both hands.   Once you go for SBI CSP Apply the benefits of the Kiosk banking service further brings a host of unique www.bankmitrabc.co.in

8. The Role Of A Bank Mitra The RBI has permitted banks under its fold to appoint the Bank Mitra post. The role of such a professional will be to offer formal banking services in the hinterland areas. There is a notable difference between the operations of a formal bank branch and that of this concept. Under the Bank Mitra concept, it is only a single individual operating this space. Hence, there is bound to be significantly lower overhead costs and the operations should be profitable in quick time. This format is referred to as kiosk banking and there are plenty of educated village youths placing the SBI CSP apply.  A detailed insight on the CSP There has been mention that the CSP stands for a customer service point. Once you have received the sanction to operate as a Bank Mitra, this point will be your office or branch. One should note that the Bank Mitra will have to arrange for the CSP. It is a real estate space and it could just be a part of your ancestral property. One must however make sure that this space is located at some significant distance from a normal bank branch. www.bankmitrabc.co.in

9. THE CAREER A look at the latest career prospect for the educated village youths It is always nice if you get the scope to select a lucrative career option and alongside do some social work. This is precisely what the educated but unemployed village youths can expect today. This bit of news update could sound some bit surprising for you, but it is very much true. The precise scope of work is with the Indian banking industry and one is sure to get the details after interacting with a CSP provider. There are plenty of them accessible on the net and it should be easy for you to establish a connection.   One may not have heard the term CSP and it means customer service point. However, before that, one will be more inclined to get the details of the main offer. The scope of work is in the banking sector and this is primarily due to a reform introduced by the RBI. They intend to penetrate the hinterland aggressively with formal banking services. It is the right of every Indian to come under the purview of formal banking. The interior areas generate a significantly lower amount of banking volumes and it is not profitable for a branch to operate on low volumes. This is precisely where the role of a CSP provider comes into play and he will guide you to the concept of a Bank Mitra.  www.bankmitrabc.co.in

10. Email ID: • info@bankmitrabc.co.in Website: https://www.bankmitrabc.co.in/ • Contact Number: • +91-9163289915 Saneguruvanahalli, Basaveshwar Nagar, Bengaluru, Karnataka 560010. • MAIN BRANCH • Circular Garden Reach Road, Garden Reach, Kolkata, West Bengal, 700018. • REGIONAL BRANCH