Press Esc to close
Sunday 01 March 2015
News updated at 4:21 AM IST
Weather
Max: 31.7°C
Min : 16.9°C
In Bengaluru
clear sky

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
Union Budget 2015-2016 viewing session at ASSOCHAM in New Delhi on Saturday...

Union Budget 2015-2016 viewing session at ASSOCHAM in New Delhi on Saturday...

Narendra Modi and other BJP members during presentation of the Union Budget 2015-16...

Narendra Modi and other BJP members during presentation of the Union Budget 2015-16...

An Indian worker carries a sack of onions at a wholesale market in Hyderabad, India...

An Indian worker carries a sack of onions at a wholesale market in Hyderabad, India...

BJP MP Kirti Azad carrying his copy of the Union Budget 2015-16 at the Parliament House...

BJP MP Kirti Azad carrying his copy of the Union Budget 2015-16 at the Parliament House...

Farmers listening to the Union budget 2015-16 speech on radio at a village in South Dinajpur...

Farmers listening to the Union budget 2015-16 speech on radio at a village in South Dinajpur...

A display board shows the share prices at the Bombay Stock Exchange...

A display board shows the share prices at the Bombay Stock Exchange...

Arun Jaitley along with MoS Finance Jayant Sinha addressing the post budget press conference...

Arun Jaitley along with MoS Finance Jayant Sinha addressing the post budget press conference...

Arun Jaitley along with MOS Finance Jayant Sinha leave Parliament after presenting the annual...

Arun Jaitley along with MOS Finance Jayant Sinha leave Parliament after presenting the annual...

Rohit Sharma and Virat Kohli embrace after defeating the UAE at their Cricket World Cup...

Rohit Sharma and Virat Kohli embrace after defeating the UAE at their Cricket World Cup...

Supporters of India's Cricket World Cup team wave the national flag during their match...

Supporters of India's Cricket World Cup team wave the national flag during their match...

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