Benefits of SBI CSP

What is SBI CSP?

 

CSP's full name can be described as the Customer Service Point. Many times, we make the common mistake of using the term Customer Service Point of every bank under the name SBI CSP. This means that the Customer Service Point is a bank branch that handles transactions by non-banking people or as we might say, SBI CSP is like a mini-bank that handles business and transactions.

 

Services that are executed within SBI CSP

 

• Transfer of money into another SBI/ BC account holder located in another area

• Cash withdrawal and deposit

• Loan disbursement

• The current limit is 20,000 per day for each account holder of a bank

 

If someone wants to work as a licensed SBI CSP operator, it is essential to finish the registration. Following the successful SBI CSP Registration, he will receive a unique ID from the State Bank of India that authorizes them to start an SBI kiosk-based banking outlet.

 

The main purpose of an SBI Customer Service Point is to deliver ample banking facilities to the citizens, which include Saving Bank Account Opening, Cash Deposit, Cash Withdrawal, Micro Insurance, Atal Pension Yojna, PradhanMantri Jan DhanYojna, Pradhan Mantri Suraksha Bima, PradhanMantriJeevanJyotiBeema, Senior Citizen Savings Scheme, etc.

 

We have previously mentioned how important it is to have SBI CSP. We believe in loyalty and based on trust, so as CSP providers, CSP providers will always conduct an examination and training sessions before handling responsibility. Other benefits include Railway Reservations, Flight Ticket Booking, Bus Ticket booking, Gas Cylinder Booking, Mobile Recharge DTH Bill payment, Broad Band Bill Payment, and Payment by Post Paid Bill Payment etc. are also available in SBI CSP.

 

Benefits for Retailer

• It is a brand new revenue system of Mini-Banking

• Through SBI CSP, it is easy to transfer money

• Account-holders can be your customers who belong to the same.

• Through this service, it assists in increasing the number of customers who visit

• Trust and loyalty since it is a reliable service for money transfer and has a prestigious brand name. 

 

Benefits for Customers-

• Customers can open their accounts with an account with no balance.

• A minimum balance is not required to keep the account running.

• The maximum balance for a bank account is at least Rs 50000 if the customer provides the KYC in the next 12 to 24 months.

• Customers can also open accounts with no balance KYC Limit up to 12 lacs.

• The maximum amount for transactions per day is 10,000/- per day.

• The book of cheques is not required.

• Only account holders can perform cash transactions.

• There are no charges for the operation of the account.

 

Other benefits include:

• Home mortgages or loans to purchase the property.

• Access Auto Loans, Gold Loans, and Small and Small and Medium Enterprise (SME) Loans

• You can access a general-purpose credit or Kissan credit card.

• No Frill SBI Saving Bank Account

• A mutual fund that is referred to on a basis

• Credits against the term deposit receipt (TDR), NSC, KVP

• If the shop is operating (usually between 8:00 am and 8:15 pm)Additionally, the ability to withdraw money using an ATM card is granted to any customer who is over 18 years old.

• It assists and allows advertising business via SHG (Self-help Group)

• Customers can also make small savings by using the RD facility.