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Smart Banking


In order to leverage banking infrastructure in unbanked areas of India, under the Financial Inclusion Plan, the government of India has implemented the idea of Bank of Baroda Kiosk Banking through their business correspondents.

Bank of Baroda CSP or Bank of Baroda Kiosk banking is a concept that has been designed under Public Private Partnership. Here the BOB Kiosk is a private entity that represents Bank of Baroda in a local area where banks are not present in brick and mortar due to scarcity of resources. Such BOB Kiosks offers banking facilities like Cash withdrawal, cash deposit, account opening, money transfer etc. Apart from basic banking facilities, BOB CSP offers financial plans like Pradhan Mantri Jan Dhan Yojna to implement the government schemes.

The concept of Bank of Baroda CSP is designed not only to bring banking services in unbanked areas but also to bring a new employment opportunities among young and educated youth to empower them to find good employment opportunity in their own rural area. Any rural youth who are educated and meet the bank requirements can start with this business of BOB CSP in low investment and earn heavy profits.

Fine prints of becoming a BOB kiosk

After successful completion of BOB CSP registration, if the candidate meets the requirements and if there is an availability in that region, a BOB Kiosk earns heavy commission for providing banking services entitled to them. There are various commission structure for various services and each has their own fixed commission as a means of earnings.

In a life time – every person needs a bank account, in absence of bank the person is going to visit nearest BOB Kiosk Banking for account opening, the same person will later deposit cash in his/her account, withdraw money every now and then, Transfer money to relatives or business entities, make a fixed deposit for himself etc. For all these services BOB CSP earns a handsome commission.

Apart from a great commission structure, a BOB Kiosk Banking earns name, fame and respect in their local area.

Here is how you can become a Bank of Baroda CSP

To become a Bank of Baroda CSP, you need to apply for Bank of Baroda online application or BOB CSP registration in offline format.

Before making a BOB CSP online application, you should meet following criterion.

  • Should be more than 18 years of age
  • Must have completed education of 10 + 2
  • Should possess computer and have knowledge for same.
  • Minimum office space to function
  • Minimum investment as guided by Bank of Baroda BC

Once the applicant of BOB CSP registration meets all the criterion, he can apply by online on the Bank of Baroda business correspondents website.

Bank of Baroda BC Point examines the application and the identity documents and reviews if the applicant meets all their requirements, is capable enough to be handed over with this responsibility or not and then may approve or disapprove the BOB CSP registration. In the case of approval, the file is forwarded to the required area bank. The applicant then receives formal training for starting full-fledged Bank of Baroda Kiosk banking.

Bank CSP (Customer Service Point) Agents are those individuals who acts as an agent of the bank at places where it is not possible to open branch of the bank. The Kiosk Banking Business Correspondent (BC) model aims to provide real time, user friendly financial services to the consumers in their neighbourhood.

  • Association with Banks like SBI / BOB / YES BANK
  • Bank’s software / portal, User ID (KO ID) and Password
  • Biometric Reader & software for electronic thumb impression
  • Authorization Certificate of CSP by the BC
  • Bank’s Banners, signage, Logo/Stickers/Leaflets/Contact Matrix
  • Proper Training of CSP to operate the system by the BC
  • Dedicated technical support from the local Supervisors of “VKV”
  • Dedicated support from the Help Lines and web portal of “VKV”
  • Web Software to operate different services (Recharge/Billing/Travel Solution)

  • Opportunity to associate with SBI / BOB / Yes Bank
  • Very easy to use application
  • Hassle free and simple system
  • Real time based transactions
  • Very encouraging fee structure for generation of new revenue at CSP level
  • Banking, Insurance, Pension and other financial products available for customers
  • Opportunity to increase your earnings, goodwill & brand name in the market

  • Office or Retail Outlet
  • Furniture including chairs for customers
  • Electricity
  • Laptop or Desktop
  • Internet Connectivity
  • Printers: (a) General and (b) Thermal
  • Web cam
  • Finger Print Scanner
  • Some Cash for availing Cash-Holding-Limit for successful transactions (at least Rs.25,000/-)

  • Application form duly signed
  • 10 Passport size colorful recent photos
  • Educational Certificates Matric onwards
  • PAN Card (Mandatory)
  • AADHAAR Card (Mandatory)
  • Voter I Card
  • Driving License
  • Shop Agreement
  • Character / Police Verification Certificate
  • Name, Address, Mobile No. and signature of two references

  • Application Form, related documents and Registration fees received by “VKV” team
  • Due Diligence Report (DDR) by the “VKV” team
  • DDR to be filed to Bank’s local branch (Link / Base Branch
  • Recommendation of Branch Manager to Regional / Circle Office.
  • Recommendation of Regional Office to LHO
  • Generation / creation of KO Code by the Bank
  • Configuration of CSP Code by the “VKV” office
  • Capturing of fingers of CSP Operator through Finger Print Scanner by the BC
  • Terminal mapping & Activation of KO Code by the Bank
  • Technical & theoretical Training of CSP by the “VKV” team
  • Link Branch / Base Branch of the Bank is informed by the “VKV” team about activation of CSP
  • CSP starts functioning