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How to Process SBI Kiosk Registration

Category: Finance

POSTED BY Preeti Roy ON 18-Feb-2019.

In order to gain the attention of customers towards your shop or business, it is necessary to use the SBI banking services. For this, you can also use the SBI Kiosk banking. Before, this you should know how to process SBI Kiosk Registration. SBI Kiosk banking BC model aims at providing user-friendly and real-time banking services. For this, Pay Point India is associated with State Bank of India as a national business correspondent and assists in arranging Kiosk banking services to present retail network and helps to create new kiosk banking agents all over the country.

What is SB Kiosk Banking?

If you are new to the service, it is necessary to know all about the SB Kiosk banking. In India, there is a large portion of factory workers and migrant who still lack a bank account and unable to make banking transactions or save money. They even face problem in transferring money to family members when required. With Kiosk banking, an individual can enjoy the following services:

  • Aadhar enabled payment system

  • Fixed deposit/E-KYC enrolment

  • Money transfer to any SBI bank account

  • Balance enquiry and IMPS transaction

  • SBI identity card and Rupay ATM card

  • Open recurring saving and loan deposit

  • Enjoy social security schemes like PMSBY, PMJJY & APY

When a Retailer has This Kiosk Banking, They Get Several Things Like:

  • SBI software, user id and password

  • Association with the bank

  • Biometric reader and software for electronic thumb impression

  • Web and SBI banners

  • Authorization certificate of CSP

  • Logo/sticker/contact matrix and leaflets

  • Introduction letter of CSP

  • Commission structure

When you look for registration for sbi kiosk, Pay Point India is there to support and there are amazing benefits associated when availing service from this agency. Here are few benefits that retailer will experience when the registration is completed through Pay Point India. Here are a few benefits:-

  • Hassle free and simple registration system

  • An easy application and guide from professionals

  • New revenue opportunity

  • Increase the brand name and goodwill in the market

  • With eased banking service, increase the footfall of customers that ultimately benefits a retailer

In order to provide this service to the customers, a retailer needs to have a PC, printer, internet connectivity and office or a retail outlet. Along with the basic services, a retailer will also enjoy providing other complimentary services to the customers like air ticket booking, utility bill payment, bus ticket booking along with DTH and mobile recharges. Thus, it is best to know more detail about the registration and be among such retailers who are earning enough profit from this service. If you have decided to apply for the SBI Kiosk learn about the activation process.

All About SBI Application and Kiosk Activation Process

In order to successfully apply for the Kiosk from SBI, an individual has to facilitate several documents, registration fees and contact the right agency or partner that handle this complete process and provide service. For this approach Pay Point team as they partner with SBI and help retailers in a complete registration process. Here are points and steps for completing a registration proves:

  • Complete and submit the application form along with the registration fees to the Pay Point agency

  • Due diligence by PPINL compliance team

  • The application is filed and submitted to the local SBI branch

  • After the application is successfully submitted, the retailer receives SBI CSP code

  • SBI officers handle the BC entry and terminal mapping

  • Retail receives a welcome kit with the scanner

  • Proper training is provided to the retailer to handle the entire process once the welcome kit is received

Once the application is filled, the entire process takes 25-30 days to complete from start to the end. However, it is necessary to remember that the activation of such services is subject to the approval from the SBI. Thus, before the application, it is necessary to know the documents that are needed to complete the registration and activation process. For this, there are few documents that should be provided – An application form, 2 passport size photo’s, ID proof that includes driving license, voter ID, passport, etc. Along with this additional documents to be facilitated includes shop address proof, PAN card is mandatory, resident address proof that includes ration card, electricity bill, etc.



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