Good news for SBI CSP
Good news for SBI CSP: KYC (Know Your Customer) is a mandatory process that financial institutions must follow to verify the identity and address of their customers. Traditionally, customers were required to provide physical copies of their identity documents and visit a bank branch in person. However, with the advent of digital technology, the KYC process has become more convenient and efficient. The introduction of CKYC by SBI is a significant step towards digitizing the KYC process. CSP operators, who act as banking agents in various rural and semi-urban areas, now have the ability to generate CKYC certificates for customers using the SBI CKYC portal. This not only eliminates the need for physical document submission but also reduces the processing time considerably.
State Bank Of India CKYC Popup Conversion
Earning Rs. 10 per certificate is an added incentive for CSP operators, providing them an opportunity to earn additional income while serving their customers. An incentive scheme has been devised to reward, CSP operators for their efforts in promoting digital transactions and ensuring compliance with regulatory requirements.