Thursday 4 July 2019

What is Bank CSP and how can you Register to Become Bank Mitra?

Internet Banking has implicit great significance considering the changing necessity of modern-day customers for easy and convenient banking. Conventionally, banking involves the visit of customers to the branch of their respective banks. Internet Banking allows customers to carry out their banking operations without the need of visiting their bank branches, facilitating them to perform their transactions right from the comfort of their home.

What is Bank customer service point?

Most nationalized banks in India are committed to offering the best services to their customers by making them perform their transactions in a convenient as well as in a hassle-free manner. Therefore, they decided to outsource their various services to private agencies, such as Bank CSP. It is nothing but a banking outlet, which is an outsourced agency for performing restricted transactions of nationalized banks. 

Bank customer service point is mostly used in different areas in India where banking facilities are not available or there are some restricted banking services. The outlet will provide people with a range of banking services on behalf of the nationalized banks in which they are working as a retailer. Apart from conventional banking services, such as checking account balance and Fund transfer, Bank Mitra offers a variety of other banking services that simplify the life of people in unbanked areas.

What exactly is Bank Mitra?

Bank Mitra is a concept, which is designed under Public Private Partnership, where a Customer Service Point or Bank Mitra works as an agent or a messenger of a nationalized Bank and appointed to offer Banking service to people in urban and undeveloped areas in India. It will offer a variety of banking services, including Account opening, cash withdrawal, as well as cash deposit acceptance.

Procedures to be followed for registration to become Bank Mitra

You have the liberty to submit your Bank Mitra Registration form to become Customer Service Point or Bank Mitra to any associated bank. However, you need to submit your registration application only through online. It is supposed to contain your entire personal information that includes:

•    Your first, middle, and last name
•    Landline number or mobile number, whichever is available or both
•    Email address
•    Name of your shop or business
•    District in which you are operating your shop or business
•    Address of your shop or business
•    Name of your state
•    Postal code

You may also need to provide a declaration that the particulars you furnished in your registration form are true and genuine and it should include your signature, as well.

Sunday 2 June 2019

Factors-Which are Vital for CSP Registration

Anyone who attained the minimum age of 21 years can opt for CSP registration. You should have basic knowledge of computers and need to be unemployed, responsible, as well as arduous. Additionally, you should eager to invest your money in the project. The Bank Mitra functions as a one-stop solution for nearly all the regular banking requirements and services.

What are the requisites to become Bank Mitra?
To become Bank Mitra you are supposed to complete your CSP Registration form online. You should run an office or a small company with,

•    An outlet with an area of 250 to 300 square feet
•    A cash counter
•    One desktop or laptop
•    Power backup
•    Internet connectivity, it may be a dongle or a broadband connection

Customer Service Point (CSP) Agents are those who function as a mediator of the bank at areas where it is not feasible to open a bank branch. Opening CSP will fetch you a fixed income regardless of the bank and the branch. In addition to salary, you will get attractive commissions, as well.

What are kiosks?
The Kiosks are the small booths, which are operated through the internet. They are mostly established in the rural communities where consumers can come and avail the essential banking services. The Kiosk Banking is the scheme, which is designed for people living in rural communities as well as for those in remote areas. The major goal of the scheme is to offer banking services where there are no banks or banking services are unavailable. It is the scheme introduced by the Reserve Bank of India, through which banks will come to villages to offer their variety of services according to the needs of people.

This type of banking is the imperative step taken towards the monetary inclusion, which means facilitating the low-income families as well as weaker sections of the society to access financial services and gain the credit at a low or reasonable cost.

The major goal of introducing the Kiosk Banking is that it should be assisted by the banks in public, private, and cooperative sectors with shops. These shops will function as a touch point between  customers and a bank, where the banking services such as deposits, remittances, withdrawals, excluding the insurance, micro-credit, and overdraft services could be offered.