Looking to Register as a CSP? Just Follow these 4 Simple Steps

You might be surprised to know that the less privileged sections of the society, especially the rural poor, have no bank accounts and no access to banking facilities. To ensure financial inclusion, banking companies like SBI is collaborating with individual businesses to set up mini banks known as CSP. A kiosk banking CSP is a great way to serve the bank-exempt masses of the country if you own a retail store. As a kiosk banking agent, you can earn additional income through CSP too. These are the steps of CSP registration you should know.

Step 1: Become a Bank CSP Web Retailer

If you are new to Bank CSP, you should first enrol as a Bank CSP Web Retailer. Bank CSP is one of the largest payment solutions provider in India and has over 15 years of experience in the industry. To become a CSP, collaborate with the experts of Bank CSP and begin your CSP registration.

Step 2: Fill Out the Application Form

Visit the website of Bank CSP to fill in an application form. This includes your name, email address, phone number, and the bank you'd like to collaborate with. A CSP registration fee will be applicable.

Step 3: Submit the form with KYC Documents

Once you fill up the form, send them to Bank CSP alongside your KYC documents to the following address:

Bank CSP Services India Pvt Ltd,

2nd Floor, Building No. 77 B,

Shaheed Ripon Katyal Marg, Sector 18,

Gurugram 122015,

Haryana,

India

The following documents will be necessary:

- 2 recent passport sized photographs

- Resident address Proof (electricity bill, ration card etc.)

- PAN Card (This is a must)

- Shop address proof

- Id Proof (Voter id or Driving License or Passport etc.)

Step 3: Application Review

Once received, your application form goes through the process of verification and approvals. During this process, the applicant will be promptly notified about the status of their request. If the application is accepted, the CSP kit is sent to the applicant and they will be trained by the experts. A typical application process takes anywhere between 25 and 30 days to complete.

Step 4: Setup of CSP Facility

A successful applicant will be provided all the necessary equipment required for your CSP facility. After training, you can offer transactional facilities to your customers. An SBI CSP agent will be offered the following:

- Introduction letter of CSP

- Authorization Certificate of CSP

- SBI software, user ID and password

- Biometric Reader & Software for electronic thumb impression

- Web + SBI Banners

- Web Software to operate different service (Recharge/Billing/Travel Solution)

- Logo/Stickers/Leaflets/Contact Matrix

Help the community access industry-standard banking services by becoming a CSP. Not only will this improve goodwill of your business, but the chances of you earning more income will be much higher. Contact a bank CSP provider company today to begin your CSP registration online and take advantage of this opportunity.

The author is working at Bank CSP, India's largest Payment Solutions Provider. He has several years of experience in helping retailers with CSP registration. Visit https://www.bankcsp.com/

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