Online CSP is a Business Correspondent and Technology Service Provider to multiple banks. It has partnerships with few of the biggest banks in India like State Bank of India (SBI), ICICI Bank, Yes Bank. Online CSP leverages existing retail shops, telecom connectivity and banking infrastructure to extend branchless banking services to a common man.

Make your shop Mini bank & provide basic banking services to your customers!!! Kiosk Banking under Ruler banking Authority BC model aims to provide a real time, user friendly banking services to the consumer in their neighborhood. kiosk Pay Point India has been a National ‘Business Correspondent’ for the SBI/PNB/BOB/UBI/CBI since 2011 under Ruler Banking Authority ( Online CSP) As per this arrangement online csp pvt ltd is authorized to provide Kiosk Banking under Ruler banking Authority service to its present retail network and create new Kiosk Banking under Ruler banking Authority agents across the country.

About SBI Kiosk Banking under Ruler banking Authority

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 under Ruler banking Authority solution the following services can be offered:

  • Tatkal Money Transfer to any Bank account
  • Open ‘Non-Frill accounts’ by Kiosk Banking under Ruler banking Authority module
  • Deposit / Withdrawal of Cash
  • Aadhar and Rupay card registration
  • Current Account/Term-Deposit/Recurring Deposit
  • Loan lead generation & repayment
  • Commission of subsidy granted to customers

  • What does the retailer get ?

  • Association with Concerned Bank.
  • Bank 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 + Concerned Bank Banners
  • Logo/Stickers/Leaflets/Contact Matrix
  • Commission Structure
  • Introduction letter of CSP

  • Benefits to Retailer through Onlinecsp pvt ltd:

  • 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

  • What documents are required?

  • Bank Guarantee minimum 1 lac.
  • Self Sign Cheque
  • Bank Passbook
  • 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.)
  • Application – Activation Process

  • Application Form and Registration fees received by Pay Point team
  • Due diligence by PPINL compliance Team
  • Application file to local branch
  • CSP code received
  • BC entry and Terminal mapping by officials
  • Welcome kit and scanner dispatched
  • Training after kit received
  • Entire process usually takes 25-30 days

  • Please note: Activation of Kiosk Banking under Ruler banking Authority service is subject to approval from Bank Activation Process.

    Instant activation-

    pay online

    international markets

    CSP request