Press Esc to close
Friday 01 August 2014
News updated at 3:17 PM IST
Weather
Max: 28.4°C
Min : 20.2°C
In Bangalore
Cloudy sky

SBI opens first Customer Service Points

Hyderabad, Jul 21 (PTI):

State Bank of India has opened county's first Customer Service Points (CSP) where urban poor including petty businessmen can open a bank account with as low as one one rupee.

People can deposit and withdraw amounts as small as one rupee, earn interest and get access to all other services offered by the bank, said Diwakar Gupta, Deputy Managing Director, SBI, who inaugurated a kiosk along with D Prasada Rao, Andhra Pradesh Minister for Revenue.

"SBI has already opened over 70 lakh accounts under financial inclusion in the rural areas. This new initiative will further drive the expansion," Gupta said.

In the last 20 days, over 7,000 accounts were opened at the kiosks. SBI's target is to open over one lakh accounts with Re 1 as deposit by this fiscal end, he added.


The SBI has put in place biometric smartcards to operate the new facility which was set up part of its national rollout of CSP which would function as a mini bank branch with a BC available on all working days. He would be equipped with a laptop that is connected to the SBI's core banking network.

Through a sensor, the fingerprints on biometric cards are recognised for identification purposes.

The bank initially launched 20 CSPs in various parts of the city targeting the urban poor.
This is part of the national rollout of CSPs by SBI in association with Geosansar, bank's business correspondent (BC) partner.

Go to Top

Photo Gallery
An man holds a cycle and wades through a flooded street as it rains in Mumbai. Heavy rainfall...

An man holds a cycle and wades through a flooded street as it rains in Mumbai. Heavy rainfall...

A traditional Teej procession at Tripolia Gate in Jaipur on Thursday...

A traditional Teej procession at Tripolia Gate in Jaipur on Thursday...

Gold medal winner Vikas Shive Gowda of India throws the discus in the final at Hampden Park...

Gold medal winner Vikas Shive Gowda of India throws the discus in the final at Hampden Park...

South Africa's Rhett Halkett, right, vies for the ball with India's Chandanda Nikkin, during...

South Africa's Rhett Halkett, right, vies for the ball with India's Chandanda Nikkin, during...

Arvind Panwar makes his way towards the finish line in the Men's Time Trial during...

Arvind Panwar makes his way towards the finish line in the Men's Time Trial during...

Dipa Karmakar of India performs during the women's gymnastics vault apparatus final at the 2014...

Dipa Karmakar of India performs during the women's gymnastics vault apparatus final at the 2014...

Babita Kumari wrestles with Canada's Brittanee Laverdure during the women's Freestyle...

Babita Kumari wrestles with Canada's Brittanee Laverdure during the women's Freestyle...

People at waterlogged Shivaji Chowk, Bhiwandi after heavy rains near Mumbai on Thursday...

People at waterlogged Shivaji Chowk, Bhiwandi after heavy rains near Mumbai on Thursday...

NDRF personnel with a body of a victim of landslide at Malin village on Thursday...

NDRF personnel with a body of a victim of landslide at Malin village on Thursday...

A crack seen on the highway caused by the erosion due to heavy rains at Kasara Ghat...

A crack seen on the highway caused by the erosion due to heavy rains at Kasara Ghat...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523