The Kiosk CSP Apply Now Made Easy By A Top Provider

1. CSP Bank Mitra BC  www.bankmitrabc.co.in

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. www.bankmitrabc.co.in

3. Kiosk Banking How Can TheKiosk Banking Concept Transform Rural Society These days there has been much talk about the concept of kiosk bank at the village level. You could be A tag confused or even perhaps disinterested. We would like to say that as A rural youth, if you are educated but unemployed this form of banking is your scope to chalk out A career close to home. This is A major banking reform and A game changer event for indian banking and simultaneously rural society. This is A concept introduced by the RBI and it is about bringing in the rural folk within the purview of formal banking.   Some even refer to this concept as a csp bank because the operations are based on the customer service point, which a bank mitra has to set up at the village level. This is A major banking reform introduced by the RBI and the sole intent is to benefit the rural society. This can be done in two major ways and let me share the details.  It is via a kiosk bank the rural folk can be inducted into the formal economy. There are places located far away from A formal bank branch and often the villagers fall prey to agents of dubious chit fund companies. They end up losing their life savings this way. It is with the introduction of this format of banking, they can now save money for the future. These locations also introduce villages to insurance policies and pensions plans for old age.   The kiosk or csp bank has also catered to the employment needs of the rural educated youth. A bank has to appoint A bank mitra to run the CSP and the RBI guideline clearly states that only unemployed educated youth are eligible to apply. Hence, alongside introducing the villagers to formal banking this scheme has also encouraged employment at the rural level. It is A lucrative career prospect on offer for the educated village youth and one can always apply. If you have space for A CSP set up and are ready to make some investments, this is A scope to make it big in life by associating with the indian banking industry. You must not miss out on this opportunity.  www.bankmitrabc.co.in

4. Every Indian citizen has the right to avail formal banking services, but unfortunately this is yet to be applied in practice after so many years of independence. It is the hinterland regions, which mainly stand deprived. There is actually no one to blame because these regions have low population density and banking transaction volumes are significantly lower. • A normal bank branch will find it difficult to generate profits on such low transaction volumes. Hence, plenty of them are skeptical to venture into the hinterlands and as a result rural India has been deprived of formal banking. It is to set things straight that the RBI has now introduced the concept of Kiosk Banking for all banksand let us discuss the details. KIOSK BANKING… A Peek Into An Alternative Banking Model Popular in the Rural Areas www.bankmitrabc.co.in

5. What precisely is it?  You would be eager to know some details and we would like to say that in many ways Kiosk Banking is similar to the normal bank. It is a place, where the rural folk can arrive and avail formal banking service. They can open bank accounts and engage in activities such as depositing, withdrawing cash. However, it operates on a much smaller scale and the location referred to as CSP point is only represented by a Bank Mitra. The intent is to cut down overhead expenditure of a branch so that the low banking volumes can be justified. The other key aspect to note is that the Bank Mitra at the CSP location cannot sanction a loan.  www.bankmitrabc.co.in

6. The concept is also about generating rural employment:  We would like to say that this alternative form of banking benefits rural society in two major ways. This concept helps to channelize rural savings into the formal economy. Moreover, the reserve bank has strictly enforced a rule that the Bank Mitra post is only for the educated but unemployed rural youth. The other intent is to generate employment at the rural level. If you are unemployed but educated one can always Apply for CSP online. You would perhaps be eager to know about the CSP location and the other criterion. Let me share with you the details. An insight into the application and operations:  There is a need to arrange for some real estate space where you can set up the CSP. This space could be your ancestral property but one must make sure that it is at some distance from a registered bank branch. If you are somehow located too close the customer may find it convenient to walk into the branch rather. It is alongside one must be ready to invest in a formal office set up. You also must avail a clearance from the local police and one can start operations as a Bank Mitra. The pay package for this post is lucrative and one must not miss out.  www.bankmitrabc.co.in

7. CSP PROVIDER The Source To A Lucrative Career Option at The Village Level The central bank of this country, RBI has decided to aggressively promote banking in the rural hinterlands and it serves two basic purposes. It is even after 73 years of independence that the rural folk are still yet to enjoy the benefits of formal banking. These areas generate cash but due to the absence of formal banking channels the savings fall into the hands of dubious chit fund companies. It often goes to waste and it is to channelize the savings into the formal economy that they have taken this step. They have a full proof plan in the form of kiosk banking and it handles the core reason as to why formal bank branches have failed to enter the hinterlands for all these years.  The volume of transactions in the hinterland is surely on a much smaller scale and a complete bank branch will find operations unprofitable. A kiosk bank on the contrary operates on a much smaller scale and there is just one representative. Hence, in spite of the transaction volumes being on the lower side, it should not impact the banks overall profitability much. We have mentioned earlier and would like to repeat that this plan serves two basic purposes. It invites the rural folk into the world of formal banking and they can grow the savings. The second aspect we would like to point out is that the scheme is a great earnings opportunity for rural educated youths. You will find out after getting in touch with a CSP Provider. www.bankmitrabc.co.in

8. SBI CSP APPLY We have mentioned earlier that such banking points can be operated by a single individual and it could be you. The post is referred to as Bank Mitra and if you are educated, one can apply for it. We would also like to offer an update on the term CSP. It is referred to as the customer service point and this is a retail outlet, which you will have to arrange somehow. This space could also be a part of your ancestral property and one will just have to make sure that it is located at some distance from a formal bank branch. If you are located too close to a branch, there is always a possibility that customers will walk into the branch and avoid your outlet.  The Bank Mitra post is reserved for the unemployed but educated village youth and the other thinking behind this concept is to generate employment at the village level. The remuneration for operating a CSP point is lucrative and we would insist on the need to opt for a SBI CSP Apply. Your function is to reach out with formal banking to the village folk and the brand of SBI should help a lot. You should find it a lot easier to convince customers to open bank accounts with SBI. It is from a CSP location, you can offer a lot more as there is scope to sell insurance policies. You can even recharge prepaid mobile phones. The earnings scope is diverse and it is a nice career option close to the village level.  www.bankmitrabc.co.in

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