Digital India CSP All Banking Services in India-www.bankmitrabc.co.in

1. BANK MITRA

2. ABOUT US 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 Bank Mitra has tie-ups with several public and private sector banks like Indian Bank, YES Bank, Punjab National Bank, Axis Bank, SBI, Allahabad Bank, Canara Bank and more. Their wide network that is expanding even more now, is here to support the business partners and provide the best facilities to the loyal customers of the banks.

3. Kiosk Bank • A Guide on Ways To Set Up A Kiosk Bank  The Indian government along with the RBI has taken an initiative for the betterment of rural society and hence the concept of a Kiosk Bank is in place today. Indeed, the hinterland areas were long deprived of formal banking. These are areas, where the population density is low and it becomes tough for a normal bank branch to operate on profits. In the absence of formal banks, plenty of dubious chit fund companies collected money from the villagers promising astronomical returns. However, in reality, these companies disappeared into thin air and it was a loss of valuable financial resources for the rural folk. The people living in the hinterland areas required a reliable source to deposit savings and hence this form of banking is in place. The Indian government in tandem with the RBI has been implementing plenty of reforms in the banking sector. There have been plenty of announcements of late, but the focus of all has been on developments related to kiosk banking. It is via this arrangement the government intends to reach out with formal banking services to the hinterland areas. It is important to channelize rural savings and bring it into the formal economy. This format of banking serves just this purpose.  This concept also helps to generate employment. It is via Kiosk Banking the government also looks to generate employment at the rural level. It is a Bank Mitra who is in charge of the operations at the kiosk point and the guidelines clearly state that only unemployed but educated youths will be eligible to apply for this post. Hence, if you are searching for employment close to the village level, this is a viable alternative.  What Is The Difference From A Normal Branch? The basic difference between a Kiosk Bank and any nationalized branch is the low manpower. At the kiosk point, it is only a Bank Mitra in charge of operations. This means that despite low banking volumes, one can still operate these points at a profit. The operations are quite similar to a normal bank and perhaps a bit more. It is because Bank Mitra can sell LIC policies and even prepaid mobile vouchers. The scheme surely introduces the local villagers to formal banking and there is also an earnings opportunity to grab. The post of a Bank Mitra is reserved for only unemployed but educated youths. This scheme caters to the need of youths in search of jobs.

4. APPLICATION PROCESS As you apply for the post of a Bank Mitra, there is also a need to place a CSP Application simultaneously. The customer service point is a real estate space and you will have to arrange for it. This is a space, which can operate as your office and it will be the kiosk point for the local community. This is the space, where they will arrive and open bank accounts and engage in formal baking services. This point could be inherited from ancestors or you may even purchase it just for banking operations. The particular bank sanctioning the kiosk and the CSP point will not arrange for it. One must make sure that the CSP point is not too close to a formal branch. It always invites the risk of customers walking directly into the branch and avoiding you.  There is professional help on offer. One can take expert help for the kiosk and CSP Application. However, you must also be ready to make some investments for a basic office setup. One will need a computer for operations and these are the investments, which you must be ready to make. It is alongside the application for kiosk banking, one may have to place a NOC from the local police. This minimum formality is necessary because you will be dealing with public money. One must quickly complete the formalities because there are lucrative earnings opportunities for a Bank Mitra. It is a nice career in the offering and you must not miss out. 

5. How Do You Apply? This concept is also known as the CSP Bank to the rural population because the operations are centered on the customer service point.  However, before applying for a Bank Mitra post, one needs to arrange for this space. It could be your property and there is also the option of renting it. It is alongside one may have to obtain a NOC from the local police station. You will be handling public money and hence the bank sanctioning your application will be eager to check out that the Bank Mitra should not have a criminal record.  • An Insight Into The Functioning • The CSP bank performs similar operations to a nationalized bank but on a much smaller scale. People can open accounts and deposit, withdraw money. There is also the scope to place the order for cheque books. A CSP location can also sell insurance policies for LIC and even offer customers pension plans to survive at old age. These are some of the schemes, which you can offer beyond core banking and you can even recharge prepaid mobile phones. There is plenty of scope for earnings and this is a lucrative career option for the unemployed village youth. 

6. SBI CSP Why is the SBI CSP Apply The Bet Scope for A Career? The Indian banking industry has made a desperate attempt to penetrate the interiors via the CSP model and this was perhaps long overdue. There has been much talk about rural savings falling into the hands of dubious chit fund companies. it is a waste of financial resources and as a nation; we simply could not afford it. Hence, the CSP and kiosk format of banking is in place and all nationalized banks are offering it. The villagers come under the purview of formal banking and their savings are safe in the formal economy. As an educated but unemployed village youth, one must note that .this model also offers lucrative earnings scope as you opt for a CSP Apply. What is it precisely?  The RBI has given sanction for major banks to set up CSP points. A customer service point is a place from where the Bank Mitra will be offering kiosk banking to the rural population. You will certainly have to opt for a CSP Apply and the priority is that you will need to be educated but unemployed. This scheme has a two-fold initiative and there has been mention that it is about introducing the rural folk towards formal banking. The other objective of the scheme is to generate employment in the rural section of society. The government is determined to put an end to the constant process of migration to the cities from the villages in search of jobs. One must opt for an SBI CSP application Most nationalized banks under the purview of the RBI are eager to set up kiosk points. Hence, if you intend to apply, there are multiple choices. However, if you have to make a selection, it could be an SBI CSP Apply. There are some strong reasons to suggest only the State Bank of India CSP. As you take a look at the functioning of a Bank Mitra, one will see that the brand of SBI will help out in the function. The role will be to convince people to open bank accounts. If you approach the villagers with a reputed brand such as SBI, it will be easier for you to convince them. The operations should see a smooth start and the cash flow will only follow.  A look at the other income prospects There is professional help for an SBI CSP Apply and if you are eager to make some initial investment of an office set up, the sanctions should arrive soon. There also may be a need to place a NOC from the local police and these are some minor formalities. As you set up operations, one will find that there is multiple earnings scope. A Bank Mitra can offer a lot more from the CSP point. There is a scope to sell insurance policies and even recharge prepaid mobile coupons. There is even scope to sell pension plans to the villagers so that they can survive at old age. All these are additional earnings scope and no wonder plenty of the educated village youths are eager to work as a Bank Mitra. It is a lucrative career opportunity and you must not miss out. 

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