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OSS RETAILS PVT LTD WITH PAY POINT INDIA NETWORK PVT LTD. SALES KIT. D o you want to open your own Mini Bank Branch or become a Customer Service Point? D o you want to enhance your status in the market and family & friends? D o you want others to look up to you as a SMART businessman?.
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OSS RETAILS PVT LTD WITHPAY POINT INDIA NETWORK PVT LTD SALES KIT
Do you want to open your own Mini Bank Branch or become a Customer Service Point? Do you want to enhance your status in the market and family & friends? Do you want others to look up to you as a SMART businessman? If your answer is "YES" to the above questions, then move to the next page...
This is Possible! • How? Pay Point India has been appointed as Business Correspondent of State Bank of India. One stop shop and Pay Point India Retailers can now be designated as Customer Service Points of State Bank of India to carry out banking transactions on behalf of SBI.
How does it work? • Initially existing One stop shop and pay point Retailers having web account will function as Customer Service Point (CSP). • A Non –One stop shop & Pay Point India Retailer can also be appointed as a CSP
Advantages to the Customers • A No-Frills SBI account through KIOSK Banking Model. • Cash Deposit. • Cash Withdraw. • Account to Account remit of cash. • Recurring Deposit. • Tatkal Money Transfer Facility. • 9 to 9 money transfer service.
Banking Transactions What banking transactions can be done? Following banking transactions can be done: • Deposit of Cash • Withdrawal of Cash • Money transfer to another no-frill account • Money transfer to any SBI saving account holder
Retailer’s Income What is retailer’s income from BC? The retailer’s income from BC will be on: • Every Cash Withdrawal & Money Transfer • Opening New Account • Issuing Identity Card
Advantage to Retailers • New revenue stream • Tatkal Money transfer • Even existing SBI customers from nearby areas can be your customers (Decongest)
Technology Internet Enabled PC Based Technology • Accounts will be opened at Kiosk Outlets • SBI Kiosk transactions are bio-metrically secured • Transaction confirmation through voice prompt • Printed acknowledgement for each transaction issued to the customer • End to end process of account opening and transactions online
Valid ID Proofs Following are the valid ID proofs which a customer can submit for new account opening: • PAN card • Driving License • Passport • Voter ID card • Govt or Defence ID card • Reputed Organization's Employee ID Card • College or School ID Card
Silent Features • Account opened by single individual only near to place of customer. • Account opened with Nil (zero) balance, Maximum balance Rs. 50,000/- • Total of daily Cash deposit/withdrawal – Max Rs. 10,000/- • Liberalized KYC norms as per RBI Guidelines for ‘No Frill Accounts’ . • Customer Identity Card issued having customer name, address and photograph. • Statement of account is issued on the request of the customer. • Nomination facility available only for minors.
CSP infrastructure / hardware required • Shop of minimum size 12 feet x 8 feet • Computer (PC or Laptop) • Internet connection • Printer • Web Camera • Finger Print Scanner (to be provided by SMFF)
Investment Offer • A biometric device. • A 2X3 size board with SBI branding. • A welcome kit. • Free Pay Point India Web Vending account. • Offsite technical assistance. • Online training.
Steps for CSP Enrollment • Pay the amount of Rs.27,999/- from one stop shop distadmin panel. Go to Product option and click on SBI mini branch and pay. Kindly make a note of OPO amount after paying. • Fill up the CSP enrollment form. • Attach signedphotocopies of KYC documents ( ID proof and address roof. Pan card is mandatory). • Attach copy of the police verification certificate. • Contact on 022-66846684 One stop shop 24x7 customer care team .
Process flow • Once the application and money is received for becoming a customer sales point ( CSP) for SBI bank. • Details would be forwarded to SBI bank for approval, The approval and verification may take maximum 60 days. • Once the verification and approval is received, the Retailer would get the SBI user id and password and a kit from our end. • The CSP would get online training on how to operate the system and would start his business. • CSP also needs to manage an RDS account with us( take advance limit) and would start functioning as SBI mini Bank branch. • This amount is non refundable once paid, this can be refunded only in a case if SBI rejects the application (after deducting the processing fees of Rs.10000/-) in BP distadmin panel.