If you apply for SBI CSP and are an official service provider for the bank in India you will understand how to operate an internet-based Kiosk Banking of the bank. When you are the CSP provider for the bank, you’ll be able to work with the bank in question. You will be able to open a no-frill bank account for people in the weaker category or the group with lower income. This means that you are able to set up a savings bank account for these types of people who have no balance using biometric data, like fingerprints, photographs as well as other vital information about the customers.
Following the account’s creation the customers are able to deposit or withdraw their funds quickly and efficiently. This process can be accomplished via kiosks that have internet connectivity. They can also be permitted to make all the daily maximum transactions up to Rs. 10,000. It allows them to increase the equity of their banks through the online kiosk banking service that connects with banks , and also provides the financial service of insertion in remote areas where banks are severely limited.
The process of activating the kiosk banking application SBI includes:
Acceptance of the application form and registration fee at the hands of Pay Point team members. Pay Point team
Thanks for the assiduousness of the PPINL team of fulfilment
- Application form to SBI’s local branch. SBI
- Receipt for the CSP number of SBI
- Business Correspondent entries and terminal mapping done by SBI officers
- Dispatching from the Welcome Kit as well as scanner
- Training begins after acceptance of the kit
The whole process of activating the app is expected to take between 25 and 30 days.
The most important documents you need to provide for SBI kiosk banking are:
- Completely filled out application form
- Your PAN Card
- Two passport size photographs
- A proof for your identification, for example, your Driver’s Licence Passport or Driver’s Licence Voter ID
- Proof of address for your place of residence and your shop like ration card, electric bill, ration card, etc.
In order to be an official service provider for Kiosk Banking SBI, you must satisfy the minimum space requirements in addition to hardware. The space of your outlet must be at least 200 sq ft. The space should be large enough for 7 people minimum. The shop must be equipped with a counter.
