A CSP Bank Mitra Post Presents Lucrative Earnings Scope

The current regime under the Narendra Modi Government has brought in reforms with the intent to improve life for the village folk. One such reform that is already drawing praises is the introduction of kiosk banks. It is a banking reform and the intent is to channelize the rural savings into the formal economy. This scheme offers another benefit for the rural youths and it is about generating employment at the village level. The post of the CSP Bank Mitra is solely reserved for the educated but unemployed village youth and this presents a lucrative earnings prospect. It is a nice alternative for rural youths who intend to migrate to the cities in search of employment.

As you Apply for Paypoint CSP, there will surely be an urge to know in details about this format of banking. The concept is referred to as kiosk bank and the individual operating this post is referred to as Bank Mitra. The CSP refers to the customer service point and this real estate space will operate as the office of the Bank Mitra. This format of banking has been deliberately introduced by the RBI in the quest to cover vast hinterland areas, which are yet to be covered by formal banking. The lack of formal banking in these areas led to a scenario where rural savings went into dubious chit fund companies. This was a waste of financial resources and as a nation; we simply could not afford it. Hence, this alternative is on offer from the Central Bank.

The kiosk bank concept surely presents scope to the rural population to channelize savings into the formal economy. Now, alongside as you apply for Paypoint CSP, this is a nice employment opportunity for the rural educated but unemployed youth. It is precisely at this stage one must be aware of the fine prints of this scheme. The first point, which one must be aware of, is that the bank Mitra applicant will have to arrange for the CSP location. You may own this space or even work out a rental agreement. It is alongside one must be ready to invest in an office set up. There may be a need to buy computers from normal operations. One will be in charge of public money and hence the specific bank assigning you the post of a Bank Mitra may even ask for a NOC from the local police.

The earnings scope for a CSP Bank Mitra is vast and unlimited. There is always scope to earn money via working as a Bank Mitra and one must note that there is also noncore earnings scope. It is from the CSP that one can also sell insurance policies for LIC. There is scope to sell pension plans and you could also recharge prepaid coupons for mobile connections. One could see that the scope of earnings is vast and a great career option waits the educated but unemployed village youth.