Bank Mitra / Bank BC Opportutiy

Objective of “Pradhan Mantri Jan-Dhan Yojana (PMJDY)” is ensuring access to various financial services like availability of basic savings bank account, access to need based credit, remittances facility, insurance and pension to the excluded sections i.e. weaker sections & low income groups. This deep penetration at affordable cost is possible only with effective use of technology.

PMJDY is a National Mission on Financial Inclusion encompassing an integrated approach to bring about comprehensive financial inclusion of all the households in the country. The plan envisages universal access to banking facilities with at least one basic banking account for every household, financial literacy, access to credit, insurance and pension facility. In addition, the beneficiaries would get RuPay Debit card having inbuilt accident insurance cover of र 1 lakh. The plan also envisages channeling all Government benefits (from Centre / State / Local Body) to the beneficiaries accounts and pushing the Direct Benefits Transfer (DBT) scheme of the Union Government. The technological issues like poor connectivity, on-line transactions will be addressed. Mobile transactions through telecom operators and their established centres as Cash Out Points are also planned to be used for Financial Inclusion under the Scheme. Also an effort is being made to reach out to the youth of this country to participate in this Mission Mode Programme.

बेंक मित्र / BC / कीओस्क केसे ओपन करे

सबसे पहले आप जोभी बेंक का BC लेना चाहते हो , उस बेंक का लोकेशन पे जाये , और ब्रांच में मिलकर BC वेकेंसी के बारे में पता करे ,  CSP की की जरूरत हे की नहीं , जो आपकी बेंक  मना कर रही हे तो कोई भी कम्पनी BC नहीं दे सकती

Benefits to your customers

A ‘No Frill SBI Accounts’ through KIOSK Banking Model
General purpose Credit Card (GCC)/Kisan Credit Card (KCC)
Term Deposit/Recurring Deposit
Regular SBI Saving Bank Account
Loans against Term Deposit Receipt (TDR) etc

Minimum requirements for set up of CSC outlet

Size of Outlet : Minimum 150-200 sq feet with a counter.
Adequate space to attend to 5-6 customers at a time.
System configuration : PC with a minimum configuration of 20 GB hard disk
Internet connectivity through broad band or VSAT
An Intel base chip of or superior provider.
A web cam.
A standard printer/scanner/Finger print device.

What type of transactions the customer will carry on?

  • This is called a no-frills account where there is no minimum balance or charges levied.
  • Maximum balance can be Rs 50000. (Balances above this can be held, but then account is converted to a regular bank account and the terms of the bank and documentations will apply to these accounts).
  • Minimum Balance -Zero Balance.
  • Maximum limit of transactions is Rs10,000/- per day.
  • No Cheque book is issued
  • Only Cash Transactions can be made & only in person by the account holder.
  • There is no signature required and only electronic thumb impression is used to access/use the account.
  • Customer also benefits from Long banking hours: As long as the shop is open

Income generation from CSP Kiosk Banking ?

Earn on opening New Account, every Cash Deposit/ Cash Withdrawal/ Loans and Money Transfer or any services of the bank

ADVANTAGES TO THE CUSTOMERS :

  • A ‘No Frill SB Accounts’ through KIOSK Banking Model
  • Pradhan mantri jeevan jyoti bima yojna (PMJJBY)
  • Pradhan mantri suraksha bima yojna (PMSBY)
  • Atal pension yojna (APY)
  • Easy Money Transfer
  • ATM being issued in all kiosk banking.

INCOME GENERATION FROM CSP/VLE KIOSK BANKING:

  • Earn on opening of new Savings/RD/FD Accounts, Cash Deposit / Cash Withdrawal / Transfer (of money/fund) / deposits in loan accounts/ PMJJBY/PMSBY/ APY and many other services specified by the bank.

Please see below details for commission: –

SBI: – Commission Rate: 0.40 BOI: – Commission Rate: 0.50%

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
  • Loan 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 UC CORPORATION OF 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 CSP 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.)

Please note: Activation of SBI service is subject to approval from SBI

Complimentary services

  • Utility bill payment
  • DTH & Mobile Recharge
  • Air ticket Booking
  • Bus Ticket Booking

Objective of “Pradhan Mantri Jan-Dhan Yojana (PMJDY)” is ensuring access to various financial services like availability of basic savings bank account, access to need based credit, remittances facility, insurance and pension to the excluded sections i.e. weaker sections & low income groups. This deep penetration at affordable cost is possible only with effective use of technology.PMJDY is a National Mission on Financial Inclusion encompassing an integrated approach to bring about comprehensive financial inclusion of all the households in the country. The plan envisages universal access to banking facilities with at least one basic banking account for every household, financial literacy, access to credit, insurance and pension facility. In addition, the beneficiaries would get RuPay Debit card having inbuilt accident insurance cover of र 1 lakh. The plan also envisages channeling all Government benefits (from Center / State / Local Body) to the beneficiaries accounts and pushing the Direct Benefits Transfer (DBT) scheme of the Union Government. The technological issues like poor connectivity, on-line transactions will be addressed. Mobile transactions through telecom operators and their established centers as Cash Out Points are also planned to be used for Financial Inclusion under the Scheme. Also an effort is being made to reach out to the youth of this country to participate in this Mission Mode Program.

Who/What is Banking Business correspondent?


  • Banking Business correspondents are bank representatives.
  • They help villagers to open bank accounts.
  • They help villagers in banking transactions. (deposit money, take money out of savings account, loans etc.)
  • The Banking Business Correspondent carries a mobile device.
  • The villager gives his thumb impression or electronic signature, and get the money.
  • Banking Business Correspondents get commission from bank for every new account opened, every transaction made via them, every loan-application processed etc.

  • Who can become Bank Business Correspondent for Banks?

  • Non-Governmental Organisations(NGOs)
  • Self Help Groups (SHGs)
  • Micro Finance Institutions (MFIs)
  • Post Offices
  • Insurance agents
  • Panchayats
  • Civil Society Organisations (CSOs)
    Farmers’ clubsCommunity based organisations
  • Cooperatives societiesVillage
  • Knowledge Centres
  • Agri Clinics/ Agri Business Centers
  • Krishi Vigyan Kendras
  • Khadi and Village Industries units
  • Corporate entities with IT outlets in rural parts.

Documents Required for Banking Business Correspondents


  • 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.)

What does the retailer need?

  • PC
  • Internet Connectivity
  • Printer
  • Office or Retail Outlet
  • More Info : csp@uccorporation.com