SBI CSPSBI CSP
WEF 01.11.2023, Any ASK Member who wants to offer / open Bank CSP services, need to pay the one time activation fee Rs 45,500.00 + administrative fee of 5500.00 alongwith alongwith Updated CIBIL Score (750+) 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 - 60 working days Banking services will be activated by Bank. In case of rejection of application due to administrative reasons, processing fee of 5500.00 will be debited and Rs 45,500.00 of activation fee will be refunded. If Application gets rejected due to false informantion / discripency in documents, no refund will be initiated by Bank.
(All Above Mentioned Fee are excluding Taxes)