Press Esc to close
Saturday 25 April 2015
News updated at 3:40 AM IST
Weather
Max: 33.4°C
Min : 21.6°C
In Bengaluru
Sunny day

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
Uttarakhand Chief Minister Harish Rawat performing rituals at Kedarnath temple...

Uttarakhand Chief Minister Harish Rawat performing rituals at Kedarnath temple...

Long queue of devotees outside Kedarnath temple on the day temple doors were opened...

Long queue of devotees outside Kedarnath temple on the day temple doors were opened...

Large number of devotees throng Lord Shiva (Bharathwaj Eswarar-Swarnambigai) temple during...

Large number of devotees throng Lord Shiva (Bharathwaj Eswarar-Swarnambigai) temple during...

Pilgrims special prayers during 'Jumme ki namaz' at Dargah Khwaja Gharib nawaz in Ajmer...

Pilgrims special prayers during 'Jumme ki namaz' at Dargah Khwaja Gharib nawaz in Ajmer...

A supporter of Muslim League Jammu Kashmir (MLJK) shout slogans during a protest in Srinagar...

A supporter of Muslim League Jammu Kashmir (MLJK) shout slogans during a protest in Srinagar...

School students talking among themselves after their visit at Parliament in New Delhi...

School students talking among themselves after their visit at Parliament in New Delhi...

Workers spread red chilli to dry at the wholesale market in Nagpur, Maharashtra...

Workers spread red chilli to dry at the wholesale market in Nagpur, Maharashtra...

Police personnel showing skills during passing out parade in Rajasthan Police Training...

Police personnel showing skills during passing out parade in Rajasthan Police Training...

A giant whale found washed ashorein the south sea of Gulf of Mannar, in Mandapam...

A giant whale found washed ashorein the south sea of Gulf of Mannar, in Mandapam...

Forest officers trying to rescue a baby elephant with her mother from a waterbody...

Forest officers trying to rescue a baby elephant with her mother from a waterbody...

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