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The CSP Concept Offers Scope To Earn Money And Also Serve Society
by Bankmitra Service Bank Mitra Service BCA large section of Indian society is yet to gain access to the benefits of modern banking. There is plenty of economic data pointing to a high rate of savings amongst Indians but unfortunately a small percentage is channelized into the banking system. As a result today we often see plenty of chit fund scams unfolding in the market and the poorer section of society lose out on hard cash. The situation should be avoided at any cost and you can surely help out a bit. You are perhaps leading a normal life and one could be confused on the role to play in such a scenario. It is precisely at this stage we would insist on the need to take a look at the concept of CSP.
What precisely is it?
The term CSP stands for customer service point and it is a banking outlet. It is run by an outsourced agency. The CSP point is allowed to carry out limited transactions and there is even scope to source business. It offers the scope to serve society but prior to making a CSP Application, one might always be interested in the remuneration aspect. You will need to maintain an office space and one will desire to take home some money. We would like to say that for running a CSP location most Indian banks offer handsome commission margins. One can therefore say that alongside society you also stand to gain.
What can a CSP point offer?
A CSP location can offer plenty and we would like to start by saying that you can open savings bank accounts. You can accept cash deposits at this location and there is also scope for money transfer. This is the perfect way to channelize savings of the unorganized sector into the formal economy. It is alongside formal banking the CSP locations are authorized to sell policies such as the Jeevan Bima. Hence, via opening such outlets, one can function as an insurance agent simultaneously.
These locations are in much demand:
What precisely is it?
The term CSP stands for customer service point and it is a banking outlet. It is run by an outsourced agency. The CSP point is allowed to carry out limited transactions and there is even scope to source business. It offers the scope to serve society but prior to making a CSP Application, one might always be interested in the remuneration aspect. You will need to maintain an office space and one will desire to take home some money. We would like to say that for running a CSP location most Indian banks offer handsome commission margins. One can therefore say that alongside society you also stand to gain.
What can a CSP point offer?
A CSP location can offer plenty and we would like to start by saying that you can open savings bank accounts. You can accept cash deposits at this location and there is also scope for money transfer. This is the perfect way to channelize savings of the unorganized sector into the formal economy. It is alongside formal banking the CSP locations are authorized to sell policies such as the Jeevan Bima. Hence, via opening such outlets, one can function as an insurance agent simultaneously.
These locations are in much demand:
It is not at all a surprise that these locations are in much demand and you could open an All Bank CSP. It is under one roof that you can cater to customers of multiple banks and enjoy a great commission payout. You could contact the agencies and they are ready to offer all possible help to set up a CSP outlet at any desired point.
Article Source: https://vigyaa.com/the-csp-concept-offers-scope-to-earn-money-and-also-serve-society/?articleId=507e4d19
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About Bankmitra Service 
Bank Mitra Service BC
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Created on May 23rd 2020 00:55. Viewed 417 times.
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