Articles
A Scope to Apply for CSP Registrationto Associate with the Indian Banking
by CSP Bank Mitra BC Bank Mitra CSPThe Indian banking industry is expanding and reaching out to the interior with the kiosk format of banks. They have a mission and that is to bring every citizen of this country under the purview of formal banking. There have been plenty of instances of rural savings falling into the hands of dubious chit fund companies. The presence of kiosk banking in every corner of the country will help to channelize rural savings into the formal economy. All this sounds nice to hear and as a rural educated youth, you too can look to benefit from this mass banking outreach program. The detail regarding your role here should be crystal clear once you contact an Online CSP provider.
What is the CSP?
It certainly sounds confusing but it will be crystal clear as you speak about this program with the Online CSP Provider. A key reason for banks not to reach out to the hinterland with formal baking is because of low volumes. A fully-staffed bank branch will find it tough to generate profits in such a scenario. This is where the kiosk banking or the CSP comes into play The CSP term stands for a customer service point and the person in charge of this point is referred to as Bank Mitra. These are smaller points compared to a normal bank branch and can be set up in areas, which are yet to come under the purview of formal banking. It is the Bank Mitra post, which you can apply for.
A look at the earnings prospects
One could always Apply for CSP Registration and a Bank Mitra. However, before you complete the application formalities, it is better to have an understanding of the possible earnings prospects. It is via offering formal banking services to the rural population you will be earning good money from the bank. It is alongside there is scope to offer more from the CSP point. You can sell pension plans and insurance policies for LIC. You can take bookings for railway tickets and even recharge prepaid mobile phones. Hence, one can see that the scope of earnings goes beyond formal banking operations.
You can surely apply
Hence, one can always Apply for CSP Registration but one must also understand the criterion for the application. The sanction will only come if you are educated but unemployed. The program aims to kill two birds with one stone. It is alongside introducing the rural folk towards formal banking, the program aims to generate employment at the rural level. There is also a need to realize that an applicant will have to arrange for the CSP location. It could be your ancestral property or you could even arrange for some other space and that should not matter. There will be a need to invest in setting up an office. Last, but never least, the applicant must have a clean track record. It is because a kiosk point will be handling public money and banks may even insist on placing a NOC from the local police. This is the criterion to fulfill and the sanctions should come in easily.
Article Source: http://www.vigyaa.com/a-scope-to-apply-for-csp-registrationto-associate-with-the-indian/?articleId=fc7c6b70
What is the CSP?
It certainly sounds confusing but it will be crystal clear as you speak about this program with the Online CSP Provider. A key reason for banks not to reach out to the hinterland with formal baking is because of low volumes. A fully-staffed bank branch will find it tough to generate profits in such a scenario. This is where the kiosk banking or the CSP comes into play The CSP term stands for a customer service point and the person in charge of this point is referred to as Bank Mitra. These are smaller points compared to a normal bank branch and can be set up in areas, which are yet to come under the purview of formal banking. It is the Bank Mitra post, which you can apply for.
A look at the earnings prospects
One could always Apply for CSP Registration and a Bank Mitra. However, before you complete the application formalities, it is better to have an understanding of the possible earnings prospects. It is via offering formal banking services to the rural population you will be earning good money from the bank. It is alongside there is scope to offer more from the CSP point. You can sell pension plans and insurance policies for LIC. You can take bookings for railway tickets and even recharge prepaid mobile phones. Hence, one can see that the scope of earnings goes beyond formal banking operations.
You can surely apply
Hence, one can always Apply for CSP Registration but one must also understand the criterion for the application. The sanction will only come if you are educated but unemployed. The program aims to kill two birds with one stone. It is alongside introducing the rural folk towards formal banking, the program aims to generate employment at the rural level. There is also a need to realize that an applicant will have to arrange for the CSP location. It could be your ancestral property or you could even arrange for some other space and that should not matter. There will be a need to invest in setting up an office. Last, but never least, the applicant must have a clean track record. It is because a kiosk point will be handling public money and banks may even insist on placing a NOC from the local police. This is the criterion to fulfill and the sanctions should come in easily.
Article Source: http://www.vigyaa.com/a-scope-to-apply-for-csp-registrationto-associate-with-the-indian/?articleId=fc7c6b70
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About CSP Bank Mitra BC 
Bank Mitra CSP
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Created on Jul 2nd 2021 06:30. Viewed 241 times.
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