Press Esc to close
Friday 29 July 2016
News updated at 3:31 PM IST
Weather
Max: 27.6°C
Min : 19.4°C
In Bengaluru
Sunny day
Breaking News

SBI opens first Customer Service Points

Last updated: 21 July, 2010
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
Renowned sand artist Sudarsan Pattnaik creates a sand sculpture of tiger with message...

Renowned sand artist Sudarsan Pattnaik creates a sand sculpture of tiger with message...

Amitabh Bachchan at the World Hepatitis Day 2016 event...

Amitabh Bachchan at the World Hepatitis Day 2016 event...

Jayalalithaa presents a primary membership card to a newly joined party worker...

Jayalalithaa presents a primary membership card to a newly joined party worker...

Locals try to douse a car godown that caught fire at Panagarh in Burdwan district of West Bengal...

Locals try to douse a car godown that caught fire at Panagarh in Burdwan district of West Bengal...

A policeman fires teargas shell to disperse protesters during a clash in Srinagar...

A policeman fires teargas shell to disperse protesters during a clash in Srinagar...

School students take part in an awareness event on the eve of International Tiger Day...

School students take part in an awareness event on the eve of International Tiger Day...

A demonstrator holds a placard during a protest organised by a Muslim minority forum...

A demonstrator holds a placard during a protest organised by a Muslim minority forum...

Cattle move through flood water at Dhekiabari Village in Kamrup district of Assam...

Cattle move through flood water at Dhekiabari Village in Kamrup district of Assam...

RJD Chief Lalu Prasad looking at his waterlogged residence after a press conference in Patna...

RJD Chief Lalu Prasad looking at his waterlogged residence after a press conference in Patna...

Villagers move to safe place in a boat from the flooded Panikhiti area in Kamrup district of Assam..

Villagers move to safe place in a boat from the flooded Panikhiti area in Kamrup district of Assam..

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