Everything you Should Know About the Kiosk Banking

2. About It is very easy to become a Bank Mitra that requires very fewer qualifications like you must be of 18 years or above and pass a simple screening test that is provided by different banks and the process might vary depending upon the banks. Once, the screening test is cleared, you are eligible to become a Bank Mitra, officially. • 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.

3. CONCEPT A brief insight into the CSP concept and how it can change rural India One of the pitfalls of the banking system is that even after 70 years of independence; it has not been able to make a presence felt in every corner of this country. There are areas, which even today are beyond the reach of the formal economy and perhaps this has been intentionally done by the Indian banks. A village may have a thin population and it might not be profitable for a bank to open a branch in such instances. The illegal chit fund companies seem to have identified this loophole and have exploited the illiterate village folk a lot. The government had to put an end to all of this and hence as an alternative the CSP theme and kiosk banking concepts are in place today.  The term CSP stands for customer service point and this can act as a frontal organization for any of the known banks in India. There are youngsters today at the village level who have undergone formal education and training. If you fall in this category then one can always opt for a SBI CSP apply and build a career right at the village level. It is at these points that the village folk can get all the benefits of modern banking. They can open bank accounts and deposit cash. The villagers are also able to withdraw cash and even update the pass book. It is without having to visit the official bank branch; it is at the CSP point that village folk can avail all the benefits of modern banking. A CSP point can cater to customers of multiple banks and alongside SBI, one can even opt for A PNB CSP apply. However, there might just be confusion on what you gain from all of this. As someone deeply associated with the village, it sounds nice to participate in the economic boom of rural India and we would like to say that you also gain in the process. There are surely lucrative financial packages on offer for setting up these points deep inside the heartland. You get to earn commissions for business generated through such a point. We would like to say that the earning scope is broad based because the government allows you to sell a lot more than just formal banking from these points.  You can always use the point to sell insurance policies for life insurance corporation of India. It does not end here and such a point is also allowed to sell IRCTC tickets. Hence, there is multiple earnings scope once you set up a CSP point for any of the RBI registered banks in the rural hinterland. The process to set up such a point is easy and if you have passed 10th standard, the first priority is achieved. One will require bare minimum documents and the first is an ID proof. You could submit a pan card or even an aadhar card but only the xerox copy. It is alongside that you will need to submit a residence proof, police verification copy and a cancelled cheque. The cancelled cheque will allow the parent body to transfer the commissions to your account. These are some basics, which you must submit and then launch the CSP point amidst much fanfare at the village level. 

4. CSP Offers Lucrative Earnings Scope For Both The Operator And Village Folk The government of India is today determined to extend formal banking into the interiors because village folk often fall prey to agents of dubious chit fund companies. One must note that the savings at the village level are significant but unfortunately due to the lack of proper banking channels, the cash generated often goes to waste. The government of India is determined to reverse this trend and it is with this intent, they have introduced the CSP concept. It is referred to as the customer service point and this premise can operate as a frontal organization for any of the nationalized banks in India. As an educated village youth, we would suggest that you opt for a CSP apply. It is via setting up such a point, one can look to earn a decent income and yet avoid the migration to the cities. The point will operate as a frontal organization for banks and villagers in the interiors can avail the direct benefits of formal banking.  The village folk can channelize the savings into the formal economy and they certainly stand to gain significantly. One might be concerned about the precise benefits. you get. We would like to start by saying that the commissions for the business generated at the CSP point are lucrative. It does not end here and beyond formal banking, there is scope to more work. It is from this point one can sell LIC policies and this offers a scope to boost up earning prospects. Hence, via setting up a CSP point you can take part in the India growth story and also earn lucrative commission money. Therefore, the need of the hour is to quickly locate a CSP provider. If you are 10th standard pass and can submit some basic ID and residence proof, it will be easy to set up such a point at the village level. One can earn money and also work for the financial improvement of the rural folk. 

5. KNOW HOW IT CAN BE DONE? CSP Application Can Be Done Online. Know how? • As the world is moving towards complete digitalization, India cannot sit back and watch. Indeed, the Government of India has taken up several projects intending to provide basic services to every citizen and digital banking is one of them. Today this facility is not limited to the big cities and towns only, but is available in the remotest part of the country through its CSP Bank Mitra BC, a public-private partnership that has tie up with several established banks. • Now you may wonder what CSP or Customer Service Point is. Also known as Bank Mitra, it is in fact a banking outlet, which is run through outsourced agencies for providing branchless banking service to common people. Customers living in remote areas can open Jandhan and RD accounts; or take advantage of programs like Atal Pension Yojana and PradhanMantri Insurance Schemes through them. More importantly, the scheme is expected to generate lakhs of jobs in the coming years. Therefore, if you want to take part in the development of the country and earn your living too, become a Bank Mitra. The CSP Application is easy, the minimum educational qualification being the 10th standard result. • For making CSP application, you need to be above eighteen years old and have rudimentary knowledge in computer and banking. However, you will have to pass a simple screening test process as per the requirement of the particular bank. You will also have to own a retail outlet, a personal computer, printer and internet connectivity. If you have them, you can readily start your Kiosk Bank.

6. Continued… • 4. If you are not aware of it, know that Kiosk bank is a recent development introduced by the Reserve Bank of India and the Customer Service Point that we have been talking about is only a part of it. It was designed in such a way that customers can take advantage of several banking facilities without actually visiting the bank, thus bring in a large portion of the population, who would have otherwise remained out of banking system, under it. • Now, let us see what the specific duties of a Bank Mitra or CSP are. In general, it is expected to undertake 30 types of transactions/business, most important of which is helping the customers to open a ‘no frill account’, even if they have no documents. A Bank Mitra is also expected to help them deposit and withdraw cash, provide insurance services like Micro Insurance, SurakshaBeema and JeevanJyotiBeema etc. However, providing branchless banking service is only a part of his income. It also provides other revenue opportunities as well. • 6. A Customer Service Point is also recognized by a travel agent by IRCTC, thus providing opportunity to earn commissions by selling train tickets across India. They are also entitled to pay all kinds utility bills for their customers, which can also provide a lucrative source of income. Recharge services also provide another income source. Therefore you see, Kiosk Bank is not only beneficial to the general public, but is also a great income generator.

7. MAIN BRANCH +91-9163289915info@bankmitrabc.co.inhttps://www.bankmitrabc.co.in/ REGIONAL OFFICE Circular Garden Reach Road, Garden Reach, Kolkata, West Bengal,700018. Saneguruvanahalli, Basaveshwar Nagar, Bengaluru, Karnataka 560010.