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7th November 2015, 08:55 AM
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Join Date: May 2012
Re: CSP Punjab National Bank

CSP is Customer Service Point appointed by the Business Correspondence or third party agents. SBI Bank and Punjab National Bank as Business Correspondent for providing Remittance service through retailers.

These retailers can now be appointed as SBI Bank and Punjab National Bank CSP (Customer service point) and transfer money to SBI Banks account

This is a unique idea to provide remittance service to both banked as well as unbanked customers.

The State Bank of India introducing `SBI Tiny no frills account` for the urban slum communities & Rural India.

In this new account there is no need of `KYC` documents and the account can be opened with a zero balance.

In this account one can deposit or withdraw from Rs.10/- to Rs.10,000/- the upper limit for this account is Rs.50,000/-.


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