SBI CSP
NICT-CSP made an introduction into the much-required Inclusion sector with India’s leading bank, State Bank of India in 2014. Through this partnership, we deliver primary financial services to people in India who don’t have a way into banks by making use of remote technology with biometric support for kiosk Banking.
NICT-CSP Retailers are being chosen as Business Correspondents to the State Bank of India for conducting banking transactions representing SBI. This technology is backed by NICT-CSP. It is an Internet-powered PC technology and very user-friendly. As a consequence, anyone can become a Business Corresponded (BC) and open customer accounts at Customer Service Point Kiosk outlet (CSP).
SBI Kiosk transactions are bio-metrically protected. Printed recognition for every transaction is given to the consumer and has a top-to-bottom procedure for account opening & online transactions. Micro savings and Micro remittance are performed via No Frills Savings Bank Account at NICT-CSP Kiosks.
NICT-CSP Retailers can now be chosen as Customer Service Points for Business Correspondents to State Bank of India and conduct transactions representing SBI. Become a CSP/Business Correspondent for State Bank of India Kiosk Banking and elevate your earnings. This is a great business opportunity to perform State Bank of India Kiosk Banking in your Retail Outlet. You, therefore, become a small-branch of the State Bank of India, the country’s leading Bank.
Benefits for Retailers:
- Earn extra money by offering mini-banking services.
- Easy money transfer options.
- Even people who already have an SBI account can use your services.
- More customers will visit your store.
- Trustworthy money transfer service backed by the well-known SBI brand.
Benefits for Customers:
- Open a bank account without having to keep a balance.
- Maximum balance allowed is Rs 50,000 (if customer provides KYC within 12 or 24 months).
- Customers can also open an account under PMJDY with KYC and have a limit up to Rs 12 lakhs.
- Transaction limit is Rs 10,000 per day.
- No cheque book is given.
- Only the account holder can do cash transactions.
- No fees for using the account.
Other benefits include:
- Loans for home, property, car, or gold (coming soon).
- Loans for small businesses (coming soon).
- Credit cards for general use or for farmers (coming soon).
- No-frills SBI savings account.
- Investment options like mutual funds (on referral).
- Loans against savings like Term Deposits, NSC, or KVP.
- Longer banking hours (usually from 8:00 AM to 8:00 PM).
- ATM card available for customers over 18 years old.
- Small savings through RD (Recurring Deposit) options.
- Support for Self Help Groups (SHG) for business opportunities.