At India Post Payment Bank, we believe that a nation can grow only when every citizen gets a chance to succeed. With easy, different, and amazing services, the aim of IPPB is to provide banking services to every person and make them financially strong.
India Post Payment Bank is established under the Post Department and Ministry of Communications under the possession of the Government of India. IPPB was launched on 30 January 2017 as a pilot project in the state of Jharkhand and Raipur.
The target of India Post Payment Bank was to be present all over India till the financial year 2018-2019. Now working hard on the Spoke Model or Network model, India Post Payment Bank now established 650 IPPB branches in India.
So, this can be the best business opportunity for those who are looking for a job and want to start their own business. You can also apply for India Post Payment Bank CSP if you are ready to make some investments. In this guide, you will learn the step-by-step process for India Post CSP Registration.
India Post Payment Bank CSP Registration 2024
There are 1.55 lakh Post Offices and 3 lakh Post employees currently working in every district, village, and town in our country. With this big network, IPPB CSP will help you to get lots of customers.
The postman can be your trusted Financial Consultant and work hard to provide you with the financial services that you want. It may be a cash deposit, cash withdrawal, saving for loved ones, and investing for the future. You can get all these services in India Post Payment Bank CSP. For India Post, every customer, transaction or saved amount is important.
Read More: NSDL Payment Bank CSP Apply Online | NSDL Payment Bank CSP Registration
How to Open India Post Payment Bank CSP?
Till today, we used the Post Office to send or receive letters or goods to our family members, but now the Post Office is emerging as an India Post Payment Bank. India Post is working as a Post Office and now also working as an India Post Payment Bank.
Nowadays, people are opening India Post Payment Bank CSP and earning a good amount of money. If you also want to join India Post and want to take the India Post Payment Bank Franchise, then you can get it for free and with a very low investment.
In this guide, you will learn the process of India Post Payment Bank CSP Registration and the benefits you can get from India Post Payment Bank CSP Benefit. Here, you will also know the India Post Payment Bank CSP Eligibility Criteria for opening IPPB CSP. We have also shared the information to get India Post Payment Bank CSP easily without facing any difficulty.
India Post Payment Bank CSP Kaise le
India Post Payment Bank is now working towards providing banking services to every person. Under the Banking Regulation Act 1949, India Post got a license from RBI on September 1, 2018, to set up the India Post Payment Bank. Like Paytm, Airtel, NSDL, and Aditya Birla, there is also India Post Payment Bank.Â
India Post Payment Bank CSP provides every type of banking service to customers. It allows new savings account opening, opening a current account, Money Transfer, Aadhar Enabled Payment, Micro ATM, Mobile and Dish recharge, Bill Payment, etc.
Read More: Fino Payment Bank CSP | How to Apply for Fino Payment Bank CSP?
Highlights of India Post Payment Bank CSP Apply
Article Name | India Post Payment Bank CSP Apply |
Service Name | India Post Payment Bank CSP |
Application Process | Online |
Service Beneficiaries | Any Indian Citizen of minimum age 18 years |
Service Objective | Connect rural areas to banking services |
Profit of Service | Provides benefits of India Post Payment Bank to rural citizens |
Official India Post Payment Bank website | ippbonline.com |
What is India Post Payment Bank CSP?
India Post Payment Bank CSP is a booth, stall, shop, counter, or office space that provides every banking service. Customers can easily get all types of banking services by visiting India Post Payment Kiosk. This is a mini branch of the Bank where you can withdraw money from 500 to 10,000 rupees by using an Aadhar Card or ATM Card.
As we mentioned earlier, India Post is establishing its India Post Payment Bank CSP in the areas where no banking services are available. It also helps to reduce the crowd in the main branch of India Post.
Nowadays, most people are visiting India Post Payment Bank Customer Service Point, opening their bank account, and getting amazing benefits. With this, they become financially strong and get personal or business loans for a better future. If you are living in a place where the bank is situated very far from your location, then I strongly recommend you open the India Post Payment Bank Kiosk.
Read More: Airtel Payment Bank CSP Registration | Airtel Payments Bank CSP Apply
What are the Eligibility Criteria for India Post Payment CSP Apply?
You can open and get India Post Payment Bank CSP only after fulfilling the eligibility criteria that we are going to mention below.
- Applicant must be a Citizen of the area where he wants to open India Post Payment Bank CSP
- Age of the applicant must be 18 years old or more
- Your minimum educational qualification should be 10th and 12th pass
- Basic Computer Knowledge
- If you are educated and unemployed, then you can easily apply for India Payment Bank Kiosk Banking.
- Retired Government Employees will be prioritized first for India Post Payment Bank CSP Registration
- Applicants should have a minimum office space of 100 to 150 sq. ft.
Important Documents Required for India Post Payment Bank CSP Apply
If you want to open India Post Payment Bank CSP in your area, then you have to prepare some documents. We have listed below the necessary documents that you will need for India Post Payment Bank CSP Registration.
- Aadhar Card
- PAN Card
- 6 passport-size photographs
- Driving Licence
- Police Verification Certificate
- IIBF Certificate
- Electricity Bill
- Residential Address Proof
- Ration Card
- Shop space documents
- Bank Mini Statement
- Cancel Cheque
Read More: Bank of Baroda Credit Card Apply Online | How to Get BOB Credit Card
Necessary Equipment for India Post Payment Bank CSP Registration
You must have this equipment for opening and operating India Post Payment Bank CSP.
- A Smartphone
- Fingerprint Scanning device
- A Laptop or Computer
- Windows 7 or the latest OS installed
- SIM Card
- Scanner Printer
- Web Camera
- Good WiFi connection
- 24/7 power backup
- Stationery products
What works and facilities are provided by India Post Payment Bank Kiosk?
Services | Products |
Deposit | Current AccountSavings Account |
Direct Transfers | ScholarshipsGovernment benefits |
Money Transfer | InstantSafe and secure |
Third-party services | LoansInvestmentInsuranceSavings Schemes of Post office |
Bill Payments | Mobile Recharge, Dish Recharge, Electricity bill, Water tax, house booking, Donations, Insurance, premium |
Business and Merchant Payments | Postal Products Online payment of e-commerce delivery payment on shops and retail stores cash management services |
Eligibility for India Post Payment Bank Customer Service Point
There is an eligibility criterion for the online application of India Post Payment Bank CSP. You can get India Post Payment Bank only when you will fulfil the eligibility.
- To become an India Post Payment Bank BC Agent, your age must be a minimum of 18 years old
- You should have the agreement of 10 years of the shop where you want to open India Post Payment Bank BC Point.
- If you are a shop owner, then you can easily open the India Post Payment Bank Kiosk.
- Your minimum educational qualification should be a 12th pass to open the India Post Payment Bank Customer Service Point.
Read More:Â Axis Bank CSP Online Apply | Axis Bank CSP Registration
India Post Payment Bank CSP Services for Customers
You can get lots of banking services from India Post Payment Bank Kiosk Banking. We have listed the different types of services that are provided by India Post Payment Bank CSP.
- Cash deposit
- Cash Withdrawal
- New Saving account opening
- Bank Mini Statement
- Issuance of an ATM card, checkbook, and Passbook
- International Money Transfer
- Balance Enquiry
- Aadhar Enabled Payment System
- Bill Payment
- Mobile and Dish recharge
- Travel Ticket Booking
- Xerox of documents
- Aadhar and mobile number linking to Bank account
How to apply for India Post Payment Bank CSP?
If you want to apply for India Post Payment Bank CSP Online, then you have to visit your nearest Post Office. There you will get a payment Bank kiosk form. Enter your details carefully in the form and submit the necessary documents. After that, you have to talk with the Post Office manager who will help you in getting India Post Payment Bank CSP.
What is the CSP Provider Company for India Post Payment Bank Kiosks?
There are lots of CSP Provider Companies available that will help you in getting India Post Payment Bank BC Point. But, some companies also exist from which you can lose your time and money.
- CSC
- Grahak Seva Kendra
- Bank Mitra CSC
- Digital India CSP
- Kiosk Bank
- My Oxygen
- Samar Info Tech
- AISECT
- ALANKIT
- Pay Point India
- VAKARANGEE Ltd
Benefits of India Post Payment Bank CSP to Customers
RBI started establishing the India Post Payment Bank CSP in small villages and towns where no banking services were available. Customer Service Point of India Post Payment Bank also helps to reduce the crowd in the Post Office.
- In India Post Payment Bank CSP, customers don’t need to wait in queue for cash deposits and withdrawal
- You can withdraw cash from India Post Payment Bank by using Aadhar Card and ATM Card
- India Post Payment Bank Kiosk employs a minimum of 2 to 3 people
- You can good amount of stable income by opening India Post Payment Bank BC Point
- India Post Kiosk Banking saves the time of customers.
How much can you Earn from India Post Payment Bank CSP?
You need to know that India Post Payment Bank doesn’t provide you with any kind of salary if you open its Customer Service Point. But you can earn a good commission for every transaction of the customer.
India Post Payment Bank provides you with different amounts of commission for different services. For opening a savings account, you earn a commission of 50 to 100 rupees. On every deposit and withdrawal transaction, you can 0.2 to 0.8% of the transaction amount.
I am sure that if you open India Post Payment Bank CSP, then you will make an easy stable monthly income.
India Post Payment Bank Customer care number
India Post also provides you with 24/7 customer support. So, if you facing any difficulties while opening India Post Payment Bank CSP, then you can contact them by the number we listed below.
India post payment bank customer care number:
155299
Conclusion
Now you know the complete process of India Post Payment Bank CSP Apply. As we know, India Post helps us in sending and receiving letters and other goods from one place to another. Apart from postal service, India Post now working to provide banking services to people who are not connected to banks.
Lots of people are opening their accounts by visiting India Post Payment Bank BC Point. They are getting every kind of banking service without wasting their time. So, this can also be a business opportunity for you if you want to earn good money in your Village or town.
I hope you enjoyed this post and got valuable information about India Post Payment Bank CSP. If you have other queries and suggestions, then ask us in the comment section.
People Also Ask
How much money do I need to invest to open India Post Payment Bank Customer Service Point?
It doesn’t require any investment, but you have to spend a minimum of 2 lakh rupees to arrange the office and necessary equipment.
What is the helpline number of India Post Payment Bank?
You can contact India Post Payment Bank through the number 155299.
Who owns India Post Payment Bank?
India Post Payment Bank is owned by the Government of India.
What is the interest rate in IPPB?
For a balance up to INR 1 lakh, the annual interest rate is 2% while balance from 1 lakh to 2 lacks, the interest is 2.25%.
Does IPPB provide an ATM Card?
Yes, IPPB provides ATM cards to users with a charge of 25 rupees.
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