SBI CSP

WEF 01.10.2021, Any ASK Member who wants to offer / open Bank CSP  services, need to pay the one time activation fee Rs 25,000.00 + administrative fee of  2500.00 alongwith LOI & PCC Certificate. After Application submission, legal team will inspect the site and submit the report to bank. CSP Will be alloted to those centers where Bank's nearest branch is in radius of 3 - 8 KM. Within 45 working days Banking services will be activated by Bank. in case of rejection of application due to wrong data, administrative fee of 2500.00 will be debited and Rs 25,000.00 of activation fee will be refunded.