Financial Inclusion

CSP—CUSTOMER SERVICE POINT

 

In association with NICT, the business correspondent of State Bank of India, we are providing CSP (Customer Service Point) kiosk services in the Dist. Of Medak & Nizamabad of Telangana.

Even after 60 years of independence, a large section of Indian population still remain unbanked. This malaise has led generation of financial instability and pauperism among the lower income group who do not have access to financial products and services. However, in the recent years the government and Reserve Bank of India has been pushing the concept and idea of financial inclusion.

Financial inclusion is the delivery of financial services at affordable costs to vast sections of disadvantaged and low income groups (for example "no frill accounts")

Financial inclusion is the delivering of banking services at an affordable cost to the disadvantaged and lowincome population of the country. In India the basic concept of financial inclusion is that of banking facilities, provisions for loan and availability of insurance services. As banking services increasingly become a basic necessity, it is critical that these services be made available. NICT - An ISO 9001:2008 NGO, has entered into an Agreement with the largest Bank of the nation "State Bank of India" as a Business Facilitator as well as Business Correspondent to offer banking services in the unbanked areas of the country.

Business Correspondent (BC) Services

  • Saving Account Opening
  • Deposit / Withdrawal in Account
  • NREGS Wages Distribution & Govt. Pension Distribution