Weekly Newsletter of CSC e-Governance Services India Limited, December 19, 2014  |   CSC network is one of the largest Government approved online service delivery channels in the world
 
FI
 Register for Cash@POS now and earn great commissions

CSC SPV will be starting the implementation of Cash@POS of State Bank of India, soon. Interested VLEs should get themselves registered on our portal.

The State Bank of India had announced the implementation of Cash @ Point of Sale (POS) scheme for implementation through CSC, following an agreement signed with CSC SPV on March 11, 2014. CSCs across the country can now act as a micro ATM, which could be used by people with debit cards to withdraw cash. Specifically, State Bank of India’s (SBI) debit card holders across the country can withdraw cash from their nearest CSCs that have a point-of-sale (POS) terminal installed. 

Cash up to a maximum of Rs. 1000/card/day can be disbursed through CSC with POS terminal. This move is in line with RBI’s idea of opening up POS terminals for cash withdrawal that was floated a couple of years ago under the Financial Inclusion Scheme. 

Bank has waived to charge the convenience fee to 1% of transaction amount from the customer account. Earlier customers were hesitant to transact at CSC outlet because of this charge.   

Now, no charges are to be levied on customers in case the transaction are done through CSC with a POS terminal. So far, 400 VLEs have registered on the portal to avail the Cash @ POS scheme. VLE should register their details immediately on http://www.csc.gov.in/banking_pos/ under Cash & POS.

All VLEs, irrespective of the fact that he is working on kiosk solution of any bank, should get himself registered for this scheme so that they can immediately start delivery of some banking service. If VLE does not register than SBI will extend the service through other outlets in the same area and VLE shall miss the opportunity. 

SBI too is taking steps to supply and activate the POS machine. To expedite the installation process, SBI Corporate Centre has advised the message to be conveyed to all Circles AGMs (MAB) for providing necessary guidance and support to the regional representatives of CSC SPV when contacted. 

Benefits of Cash @ POS

The Cash at POS facility provides an additional and convenient channel for withdrawing cash from one's bank account. The VLE can earn additional revenue per transaction. 
CSCs can become SBI center which shall increase the business and credibility of the CSC.

This service will help the VLE to serve his/her customer better in a multiple ways.

  • Last minute requirement for cash; doorstep service to the customer in a real sense thus creating confidence and trust amongst the customers.
  • Creating an additional accounts with SBI, especially of those who have got an account with the RRB s (Regional Rural Bank). 

Instructions for VLEs 
Registration in portal should be done only after opening of Zero balance settlement account in the nature of Current Account. In case VLE has already opened such account, there is no need to open separate account. VLEs SHOULD NOT enter their Saving Bank account details in this box as CSC SPV does not have any check to verify as to whether it is Current or Savings Account. Bank would discard the applicant having entered Saving Bank account.

Flow of transaction: 
1. Swipe your card on the Cash at POS terminal
2. Either the cardholder or the merchant to select the type of transaction
3. Enter PIN for PIN based cards
4. Sign the charge slip
5. Collect Cash

We attach herewith a link of FAQs of Cash@POS:  
Link below: 
FAQs
https://mail-attachment.googleusercontent.com/attachment/u/0/?ui=2&ik=fa7b823194&view=att&th=146eb6ac35398744&attid=0.
1&disp=inline&realattid=43aad5e111ad0af6_0.1&safe=1&zw&saduie=AG9B_P9mJT2mlFveC0yjlCPXZRAm&sadet=140411476
8313&sads=CQo3YSSxf1Om7eFQa8MbJahW2VM



 


 VLEs can check commission details under for BC work on FI Portal

All VLEs working as Business Correspondents can check there commission details by accessing the portal http://ficsc.in using CSC connect, with their OMT id and password. 

For checking the amount of commission, follow the following procedure:

1 Visit the portal http://ficsc.by using CSC connect, with their OMT id and password. 
2 Update Your Profile(PAN NO IS MANDATORY)
3 View your commission details.