The CSP banking service allows its customers the convenience of transferring money from one's residential place to any bank account across the country. This feature enables the customers to perform tasks like domestic money transfer through an extremely safe channel to almost any bank, across India.

This money transfer service is available at all the outlets of Tier I to Tier IV cities. This service ensures that the customers who walk in, even without a bank account from the place of transfer can transfer money funds to any bank account within the country. The trained franchisee owners provide the facility of convenient money transfer in the recipient's bank account during a convenient time slot that may even exceed to the banking hours, so that the needs of the customer are never compromised.

No need to stand in lines or fill handwritten forms at the CSP outlets for domestic money transfer. No need to carry cash while waiting for the money transfer facility to open! Get all relief from all the hassle with great convenience.

The facility of cash transfer helps to increase the speed of money transfer, from place to another, without causing any trouble to the customers. So sit back and enjoy the CSP money transfer facility!

About SBI Kiosk Banking

A huge number of working class that performs menial tasks, especially the migrant laborers and factory workers do not have a saving account. Some of them even lack the valid address and ID proofs, due to which opening an account can be very difficult task. Such a situation poses difficult challenge for them, especially with respect to saving their earnings in a safe place and sending money to their families and loved ones. But, kiosk banking is the solution that can solve these problems, as they provide services like:

  • Fixed deposit
  • Tatkal Money Transfer to any SBI Bank account
  • IMPS Transaction
  • Cash Deposit or Cash Withdrawal
  • Loan deposit
  • Rupay ATM card or SBI Identity card
  • Balance enquiry
  • E-KYC enrolment
  • Aadhar Enabled Payment System (AEPS facility)
  • Recurring deposit
  • Social Security Schemes such as PMJJY, PMSBY and APY
Benefits Enjoyed by the Retailer

The SBI bank works with about 7997 business correspondents and provides increasing number of customer service points to spread its reach to the population of remote and rural areas. By becoming a retailer, one can enjoy the following benefits and facilities:

  • Establish an association with State Bank of India
  • SBI software with user id and password
  • A Biometric Reader and Software for electronic thumb impression
  • Web Software to operate different service (Recharge/Billing/Travel Solution)
  • Authorization Certificate of CSP
  • Web and SBI Banners
  • Logos/Stickers/Leaflets/Contact Matrix
  • Commission Structure
  • Introduction letter of CSP

The new banking solution provided by SBI, the leading bank with maximum public sector branches is aiming to create a one stop solution for all the banking activities, especially money transfer to one's family anywhere in India. NICT CSP leverages various existing retail shops, telecom connectivity and banking infrastructure for helping the government banks extend the branchless banking services to the common man.

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