A Guide On Ways To Apply for CSP Point

The Indian government intends to generate employment at the village level and even educated but unemployed youths have something to cheer about. The educated village youths have long been migrating to the cities in search of jobs, but this is a trend, which should see a decline in the days to come and one can attribute this development primarily due to the concept of kiosk bank. This is a concept of banking, which is becoming hugely popular in rural areas, and the basics of banking do not change. A customer can still look to deposit cash and withdraw money from a kiosk point. There is also the scope to place the order for a cheque book.

A look at the difference

The core aspect of banking does not change but the Kiosk Bank has some differences from a standard branch. This format of banking operates on much lower overhead costs. A normal bank branch has plenty of manpower and due to low banking volumes in the hinterland areas; they struggle to generate profits. However, this format of banking operates on a low overhead cost primarily because it is only an individual bank Mitra who represents the bank. Hence, despite limited operations, this form of banking can sustain in hinterland areas.

The customer service point

The CSP also referred to as the customer service point is the focal point of this format of banking. This is the office of a bank Mitra and it is from this location that one has to operate. As an educated village youth, you would be eager to Apply for CSP and the process is easy. The first criterion for the application is that you must arrange for some space. It could be some inherited property but one has to make sure that it is at some distance from a formal bank branch. If your CSP is located close to a formal bank branch, the potential customer may prefer to deal directly with the branch.

The complete CSP application criterion in details

As you apply for CSP, another key criterion placed by the authorities is that one must be unemployed. This is a scheme, which is also promoted to generate employment at the village level. You will be handling public money and hence there is certainly a need to present a clean track record. Hence, one may have to present a NOC from the local police station. It is alongside all of this; one must be ready to make investments in an office set up.

The scope of earnings is lucrative

This is the basic criterion to set up the CSP point and one must do so. This is a lucrative career option and plenty of rural educated youths are making handsome money via the bank Mitra post. One must note that this is a format, which allows the bank Mitra to offer services beyond core banking. One can sell insurance policies for LIC and this is another earnings opportunity. It is a great career option and rural unemployed but educated youths can look up to it, as a serious alternative.

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Bank Mitra BC is the technology service provider and business correspondent to several banks.It was formed with the aim of serving the customers of various banks with their best facilities.