Starting a business may sound hard. Especially to those who have been serving as employees for years. Moreover, some people might step back thinking about the seed capital and risk involved.
Putting these things into consideration, I will suggest a business that directly involves the Indian Banking Sector.
The business is not sales-oriented. No product pushing, no target cracking, and it is a low investment business.
I am talking about starting a Mini Bank or Bank CSP.
The requisites to start a Customer Service Point outlet are:
i). Minimum one hundred square feet vacant room.
ii). One Laptop with an internet connection
iii). One printer.
Customer Service Point is a concept designed under the Public-Private Partnership. These Customer Service Point outlets act as mini banks to help the low-income groups to handle their day-to-day banking activities.
The RBI has drawn up a full-proof plan to penetrate aggressively into the hinterland with formal banking services. It has two main objectives: i) to induct the rural savings into the formal economy, and ii) this created a scope for lucrative career prospects for educated youths and a golden opportunity to earn a decent living.
How to start your Customer Service Point?
Indian taxpayers attaining the age of 18 (or above) can partake in the CSP application process.
The State of Bank of India is the largest public sector bank in the country. Nearly 90% of the CSP apply cases concentrated to the State Bank of India.
Hence it is always a safe option to opt for an SBI CSP outlet.
The State of Bank of India has its authorized CSP provider that regulates the entire process of CSP application.
One can visit the website of the CSP provider to learn about the CSP registration process.
The registration for SBI CSP can be done through its authorized CSP provider only. The State Bank of India cannot be approached directly for CSP-related queries.
The documents necessary for CSP apply are:
i). Two passport-size photographs.
ii). PAN Card
iii). The Government of India issued identity proof
iv). Shop address proof
v). Residence address proof
Catering the job of an SBI CSP operator demands high sincerity, kind-heartedness, and patience.
A candidate ready to kick off a Customer Service Point outlet should visit the website of an authorized SBI CSP provider. He must upload a scanned copy of the documents mentioned above.
There is a screening test after the document verification. On passing the screening test, the CSP registration stands complete.
The applicant will get informed through SMS or email. The SMS or email will bear the login id and password.
Services that an SBI CSP offers
The venture of an SBI Customer Service Point is to deliver banking facilities to the citizens. The banking facilities in an SBI CSP include Saving Bank Account Opening, Cash Deposit, Cash Withdrawal, Micro Insurance, Atal Pension Yojna, Pradhan Mantri Jan Dhan Yojna, Pradhan Mantri Suraksha Beema, Pradhan Mantri Jeevan Jyoti Beema, Senior Citizen Savings Scheme, etc. Furthermore, one can do Railway Reservations, Flight Ticket Booking, Bus Ticket Booking, Gas Cylinder Booking, Mobile Recharge, DTH Bill Payment, Broad Band Bill Payment, and Post Paid Bill Payment through an SBI CSP.
Scope of earning in an SBI CSP
The salary of a ‘Bank Mitra’ of an SBI CSP is INR 5000. In addition to that, he will also get a handsome commission for carrying out banking-related transactions, selling insurance policies and pension plans. In general, the core income for a Bank Mitra ranges from INR 25000 to INR 30000 per month.
To conclude, starting an SBI CSP is not a difficult task, and it is one of the best ways to earn and the quickest way to improve lifestyle.
Stay tuned for more related business ideas.