SBI Kiosk Banking BC model aims to provide real-time, user-friendly banking services to the consumer in their neighborhood. Pay Point India has been a National Business Correspondent’ for the State Bank of India since 2011. As per this arrangement Pay Point Bc is authorized to provide Kiosk banking service to its present retail network and create new Kiosk Banking agents across the country.
You are only a few steps away from starting your new business. All you need is a retail shop, PC, Internet & the enthusiasm to make money!
Aadhaar Micro ATM A large number of people, particularly the migrant laborers and factory workers do not have a saving account and even not able to open an account due to lack of valid address and ID proof. As a result they face difficulties to save their earnings in a safe place and look out for solution to send money to their families. Through the Kiosk banking solution the following services can be offered:
- Tatkal Money Transfer to any SBI Bank account
- IMPS Transaction/ Balance enquiry
- Deposit / Withdrawal of Cash
- Fixed deposit/E-KYC enrolment
- Aadhar Enabled Payment System(AEPS facility)
- Rupay ATM card/SBI Identity card
- Deposit/Recurring deposit
- Social Security Schemes(PMJJY, PMSBY & APY)
What does the retailer get ?
- Association with State Bank of India
- SBI software, user id and password
- Biometric Reader & Software for electronic thumb impression
- Web Software to operate different service (Recharge/Billing/Travel Solution)
- Authorization Certificate of CSP
- Web + SBI Banners
- Logo/Stickers/Leaflets/Contact Matrix
- Commission Structure
- Introduction letter of CSP
Benefits to Retailer through Pay Point India:
- An easy to use application
- Hassle free and simple system
- New Revenue opportunity
- Increase your goodwill & brand name in market
- Banking Business increases customer footfall which is beneficial for existing Business
What does the retailer need?
- PC
- Internet Connectivity
- Printer
- Office or Retail Outlet
SBI Application - Activation Process
- Application Form and Registration fees received by Pay Point team
- Due diligence by PPINL compliance Team
- Application file to SBI local branch
- SBI CSPÂ code received
- BC entry and Terminal mapping by SBI officials
- Welcome kit and scanner dispatched
- Training after kit received
- Entire process usually takes 25-30 days
What documents are required?
- Application form
- 2 passport size photo’s
- PAN Card (Mandatory)
- Id Proof (Voter id/Driving License/Passport etc.)
- Shop Address proof
- Resident address Proof (electricity bill, ration card etc.)
Activation Process
Interested? Click here to Register Now