Today I am going to inform you how Kiosk commission charts work at BOI Bank. You should constantly be updated with the most recent information such as CSP news and their commission chart and so on.
The chart is up-to-date on January 4, 2023 and the chart is valid to all authorized representatives for corporate BC agents, individuals BC agents, as well as for all BOI’s CSP that are out there.
Here is the Kiosk commission chart is given below:
- Account opening for BF for BC (rs. 10/-)
- Account opening for the normal account (rs. 10/-)
- Account opened through e-KYC (Aadhar based) (rs. 20/-)
- Cash deposit – AEPS off-us & card & PIN per transaction limit rs. 10,000/- and per day transaction limit rs. 20,000/- (0.5% of transaction amount maximum rs. 25/-) *(per transaction limit is in line with the NPCI directive and further per day limit is in line with the industry practice)
- Cash withdrawal – AEPS off-us & card & PIN per transaction limit rs. 10,000/- and per day transaction limit rs. 20,000/- (0.5% of transaction amount maximum rs. 25/-) *(per transaction limit is in line with the NPCI directive and further per day limit is in line with the industry practice)
- Fund transfer per transaction limit rs. 10,000/- and per day transaction limit rs. 20,000/- (0.5% of transaction amount maximum rs. 25/-)
- Remittance for Non-Home transaction (rs. 20/- per transaction, customer to be charged at the rate of rs. 30/- to be shared between bank rs. 5/-, TSP rs. 5/- & BC rs. 20/-, for an account-to-account transfer per day limit will be rs. 20,000/-)
- Interbank remittance (through UPI mode) (rs. 20/- per transaction, customer to be charged at the rate of rs. 30/- to be shared between bank rs. 5/-, TSP rs. 5/- & BC rs. 20/-, maximum transaction limit rs. 10,000/- per day)
- Recurring deposit (rs. 10/- per account) only through transfer handling i.e.by cheque, or by cheque, if the online system is accessible, then via ICT led devices
- Term deposit (mobilization) – (0.5% of transaction amount maximum rs. 25/-) Maximum amount rs. 100,000/- i.e.via branch cheques or, if the online system is made accessible, it will be via ICT led devices
- Aadhar seeding – (rs. 5/- for successful seeding/linking)
- Rupay card activation – rs 5/- per account for Pradhan Mantri Jan Dhan Yojana account for activated (involving finance transaction) Rupay cards through BC outlet
- Accounts loans sourcing (0.5% of sanctioned amount minimum rs. 100/- maximum rs. 5000/-)
- In small loans up to rs. 25,000/- charges will be paid lump-sum
- In case of sanctioned limit over rs. 25,000/- fees shall be paid in stages as 50% of the eligible amount at the time of sanction and then 25% at the time of documentation, disbursement, creation of assets 25%- to facilitate recovery on the due date (In case of demand/term loan, repayment is observed at least for six months in case of monthly installments, two quarters for Quarterly installments, one-half year (if it’s half-yearly installments or one year for annually scheduled installments).
- Third-party financial products like insurance life & non-life, pension, etc. (25% of commission amount earned by the bank in bank’s assurance products) bank of baroda franchise
- For social security & pension schemes, etc. released in the bank upon DFS, MoF, Gol directive: Pradhan Mantri Suraksha Bima Yojana(rs. 1/- per account *provided by the insurance company), Pradhan Mantri Jeevan Jyoti Bima Yojana (rs. 30/- per account *provided by the insurance company)
- For APY (Atal pension yojana) – (rs. 80/- per account provided by PFRDA/GOI)
Quarter-wise payable commission as per DFS guidelines is as under:
- June, July, and august full commission of rs. 30/- is payable.
- September, October, and November rs. 22.50/- is payable.
- December, January, and February rs. 15/- is payable.
- March, April & May, rs. 7.5/- is payable
People also ask
What is kiosk banking?
Kiosk banking refers to the use of self-service terminals, typically located in public places such as shopping centers, to perform basic banking transactions such as cash withdrawals, deposits, balance inquiries, and bill payments. These terminals provide consumers with convenient and quick access to banking services outside of traditional branch hours or locations.
What are the advantages of banking at kiosks?
Services that a kiosk bank provides include opening accounts deposits and withdrawals of cash, transfer to branches of the bank, and so on. Verification of account information is also feasible. Kiosks also are found in urban areas as part of ATMs.
How do I apply to be eligible for BOI internet banking?
- You have go to the bank closest to you and request the Bank of India internet banking registration form.
- You have complete the form and then submit it along with the pertinent documents.
- The executive will take your information and process the registration.
How do I apply to Bank of India CSP?
The first step towards becoming a BOI CSP agent would be the need to make a visit to the BOI branch within your city. Managers of the branch will give you specific details about the branch. The next step is to fill out the application. It is possible to also contact a third-party company to give you the form and then process it on your behalf.
What is the maximum limit for a kiosk account?
The maximum balance could be up to Rs. 50000. (Balances that exceed this limit may be kept, but the account will be converted into an ordinary bank account and the bank’s terms and the documentation will be applicable to the accounts). Minimum Balance -Zero Balance. The maximum amount of transactions can be Rs10 1000per day.
What is Bank of India Customer Service Centre? (What is Bank of India CSP)
Bank of India Kiosk Registration: Bank of India Customer Service Center is called a place where Bank of India bc agents do the work related to the bank. Bank of India provides all the facilities related to Kiosk Banking to the customers through internet. It is also called Bank of India Mini bank (Bank of India Mini Bank).
Due to this facility the customer does not need to visit the bank. There are many places in our country where even today the bank facility is not accessible. With the aim of restoring banking service at those places, Bank of India is providing its Grahak Sewa Kendra by taking Kiosk Banking license from Bhartiya Reserve Bank.
Through Bank of India Kiosk Bank Franchise, money can be withdrawn from the account holder’s account, deposited into the account holder’s account. Apart from this, many tasks can be done.
Eligibility for opening Bank of India Customer Service Center
Certain qualifications have been prescribed to open a BOI CSP Point. It is very necessary for the person to fulfill these qualifications. If you do not fulfill these prescribed qualifications then you cannot take Bank of India Customer Service Center.
You should be a local citizen (resident) of the place where you want to open Bank of India Customer Service Center.
Bank of India Customer service Point can be taken by any citizen but retired government employee or retired soldier from army is given more importance. BC Point is given to these people very easily.
The age of the applicant must be 18 years or more.
Educational Qualification: At least 12th (XII) pass is necessary.
Must have basic computer knowledge.
Business Correspondent Exam from IIBF Institute. It is necessary to pass in
Character certificate from the local police station is necessary.
Important and necessary documents for opening Bank of India Customer Service Center
Bank of India Kiosk Banking Friends, does BOI want to start Kiosk Banking? So for this you have to submit some necessary documents while applying. We have given below the documents you must have to apply for BOI Kiosk Banking.
PAN Card of the person applying for BOI CSP.
Two passport photos of the person applying for BOI CSP.
Aadhar Card of the applicant.
Driving license of BOI CSP applicant.
Electricity bill of the applicant (Electricity bill, ration card)
Applicant Ration Card.
Resident address certificate of the person applying.
Address certificate of the shop or office where the applicant is opening Bank of India Kiosk Banking.
What are the facilities provided at Bank of India Customer Service Centre?
Many facilities are provided at BOI Grahak Sewa Kendra. Almost all the banking facilities are provided to make the work of the customer easy. Customers can avail the facilities as per their requirement. The services provided in Bank of India CSP are as follows.
Customer’s account can be opened in Bank of India.
Bank of India customers can link PAN card, Aadhaar card, mobile number with their bank account.
Crediting money to customers’ accounts.
Withdrawal of money from customer’s account.
Issuance of ATM cards to customers opening accounts.
Transferring money to customers.
Insurance of customers.
RD – FD of the customer.
Things required to open Bank of India Customer Service Center
Many things are required to open Bank of India Kiosk. Without these important items, you will not be able to operate your facility. Below are the essential items.
Computer (Laptop/Desktop with Windows 7 OS installed)
Fingerprint Scanner Device
stationery supplies
High Speed Internet Connection (Via Wi-Fi or Broadband)
color printer
scanner
Furniture (Chair, Table, Bench)
Safe Locker (Important Document and Cash Security
How to register for Bank of India Customer Service Center
Bank of India Kiosk Registration 2023 : To open Bank of India Customer Service Center you have to contact your nearest branch. And have to talk to the branch manager. You have to tell your whole story to them. Then the branch manager will inform you about the complete process of opening a customer care center
Bank of India CSP registration
There are two ways to apply for Bank of India Customer Service Center.
Bank of India CSP online registration 2023: Application can also be made through Online Application to open BOI Customer Service Point. There are many companies that take applications for customer service centers. You can open Bank of India customer care center through them also.
There are some companies who do fraud with the applicant. Be careful of those fake company. There are some trustworthy companies whose link is given at the bottom of the article. Through that link you can apply online.
Bank of India CSP Offline Registration: BOI CSP Application can also be done offline, for that you have to go to your nearest branch. Will have to meet the branch manager and tell him your entire plan. Take all your documents with you so that you can show them. After that the manager will tell you what to do next. You have to apply through their mentioned medium.
How to earn from Bank of India Customer Service Center.
You can earn 30000 to 35000 thousand or more in a month by taking Bank of India CSP. Bank of India CSP pays different commission to the friend for all the services.
How much salary does Bank of India kiosk agent get?
Bank of India CSP Salary:
Bank of India does not appoint any of its worker in CSP center. BOI Customer Service Point operates through agents. BOI does not give any kind of salary to the BC Agent. Gets the agent working on commission basis.
What are the functions of a Bank of India Customer Service Center agent?
The owner of Bank of India Grahak Seva Kendra whom we know as Bank Mitra or CSP Agent. The job of a Bankmitra or CSP agent is to provide services to the customers. Customer’s account opening, money deposit, withdrawal, balance inquiry etc works. Bank Mitra also has to visit Bank of India Branch. The customer has to submit the documents, deposit the cash and inform the bank manager about the work.
Benefits of opening Bank of India Customer Service Center
Employment opportunity is available through BOI Customer Service Center.
The work gets done easily, there is no hindrance of any kind.
Agents can earn around 4 to 5 lakh rupees in a whole year from Grahak Sewa Kendra.
There is no need to fill any form to withdraw money.
Get rid of the crowd in the banks.
How much does it cost to open a Bank of India customer care center?
It does not cost any money to open a Bank of India CSP. Whatever your money will be spent in setting up the service center like Laptop or Computer, Printer, Biometric Device, Internet Connection, Documents and if you do not have your own shop or office then its rent.
How to open Bank of India CSP?
BOI BC apply online: Bank of India can also apply through Online Application to open Customer Service Center. There are many companies that take applications for customer service centers. There are some companies who do fraud with the applicant. Be careful of those fake company.
BOI Kiosk Offline Registration: Application can also be done offline, for that you have to go to the bank. Will have to meet the branch manager and tell him your entire plan. Take all your documents with you so that you can show them. After that the manager will tell you what to do next. You have to apply through their mentioned medium.
What work is done in Bank of India?
Many works are done in Bank of India. Customer account opening, deposit and withdrawal of money etc.
boi services list
Customers can open account.
PAN card, Aadhaar card, mobile number can be linked to the customer’s account.
Depositing money into customers’ accounts.
Withdrawal of money from customer’s account.
Issuance of ATM cards to customers.
Transferring money to customers.
Insurance of customers.
RD – FD of customers.
This was all about the basics of the commission chart for BOI in 2022.
