Csp Full Form In Banking is a customer service point. In India there are about 8 lakh CSP in our country. Customer Service Point is also known as bank Mitra. They carry the services of the banks where the bank branches are not opened and are also called mini bank.
The services that CSP provides to the customers are
- The customers can deposit and withdraw money from this point.
- They can pay their utility bill
- The CSP can open the account of the customer and earn Rs 100 for per account opening.
- It can transfer money to any bank in India.
Benefits of CSP full form in banking are
- CSP is very much effective in those areas where the villagers cannot reach the bank i.e. in cities for doing transaction every time. IT acts like a bridge between the public and the banks specially RBI.
- Provides employment opportunity to those who wants to work as self-employed.
- It facilitates the people in opening the account, cash deposit, withdrawal, fund transfer.
Eligibilty criteria
- Any person, company can register itself as CSP
- Former government retired employees
- Microfinance organizations
- Postal service
- Agents of small companies
- The person should have the space of 100 square feet where he can open his office
- Laptop, Pc, internet are also required.
What documents do the bank require for opening CSP?
- The customer should be at least 16 years old and be the resident of that place.
- Aadhar card, driving license or Voter Id card, In other words valid ID proof
- Security deposit by bank
There are different CSP for Different banks like SBI CSP, Bank Of Baroda CSP. Amongst all the SBI CSP is the best.
Procedure to open a sbi CSP
- One can apply to open CSP either directly through bank by going on its website.
- Indirectly through other companies. -example Oxigen
In this we have to click on apply now and fill in the form and drop a message in message box stating you want CSP of SBI. Then Submit. Thus after 6 to 7 days the customers receive from the branch telling about all the requirements to open CSP.
