CSP is the acronym for Customer Service Point. The Customer Service Points or Mini Banks are small banking outlets run by non-banking individuals and render primary banking services to the customers. Therefore, an Bank of India CSP is a Mini Bank licensed under the bank of India to deliver limited banking facilities.
The banking facilities in an Bank of India Customer Service Point include Saving Bank Account Opening, Cash Deposit, Cash Withdrawal, Micro Insurance, Atal Pension Yojna, Pradhan Mantri Jan Dhan Yojna, Pradhan Mantri Suraksha Beema, Pradhan Mantri Jeevan Jyoti Beema, and Senior Citizen Savings Scheme.
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