CSP Bank Mitra leverages technology to offers a compelling solution while adding value to all their stake holders – Retailers, Distributors, Consumers, Service providers and Vendors. A consumer gets the convenience of accessing a wide array of services at a CSP Bank Mitra Shoppe in his neighborhood either free of cost or at a nominal fee. A service provider is able to better service their current sub-base of consumers and reach millions of prospect consumers through thousands of CSP Bank Mitra outlets across the country. A retailer earns a substantial income (commission) by facilitating these transactions and better connecting the consumers and the service providers. Millions of consumers have used the CSP Bank Mitra convenience to reach 60+ service providers through over 47,000+ CSP Bank Mitra Retail outlets.
CSC SPV has signed agreements with 42 banks for offering their Kiosk Banking Services through the VLEs throughout the country. All the CSC outlets can now be appointed as Business Correspondent Agent / Customer Service Points of these banks and carry out banking transactions on behalf of the bank.
Initially, Kiosk banking through CSC will provide the following services:
Income to Banking Correspondent Agent:
VLEs shall earn commission prescribed by the Banks on
All VLEs of CSC Channel without having a Banking Correspondent Agent (BCA) code can now also register account holders of Partner Banks for the three JAN SURAKSHA schemes through the transaction portal of CSC SPV which is www.psbibank.com . In a key decision to start with PNB has agreed to extend enrollments under Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojan (APY) of their account holders through CSCs across the country.
This will not only help Bank in increasing their subscriber base to the three schemes but will also give VLEs/CSCs the opportunity to contribute in this mega social security scheme which was launched to improve the life style of unorganized sector and marginalized population.
The CSC platform is a neutral platform and will bring these products of other banks to :
INCENTIVE TO VLE FOR ATAL PENSION YOJNA (APY) :
For all approved APY Application data by the Banks , The VLEs will get 80% of Earned incentive per approved form (Less Applicable Taxes) directly from CSC SPV . This amount will be shared with the VLEs after CSC SPV receives the same from the Bank.
Let’s take this opportunity to ensure maximum coverage in your respective areas.”
The micro ATMs designed by us are cost effective, support vernacular language display & voice with inbuilt biometric authentication that helps the banks to achieve total financial inclusion in real terms
IMPS (Immediate Payment Service) from HDFC Bank is an instant real time inter-bank electronic fund transfer service. Using this service, you will now be able to receive or send money even on Sundays and Bank Holidays or late at night. What’s more, the money is credited in to the beneficiary account instantly
AEPS is a bank led model which allows online interoperable financial inclusion transaction at PoS (MicroATM) through the Business correspondent of any bank using the Aadhaar authentication. The four Aadhaar enabled basic types of banking transactions are as follows:- Balance Enquiry. Cash Withdrawal. Cash Deposit