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HomeBankingPaytm Payment Bank KYC Point | Become A Paytm Bank BC Agent?

Paytm Payment Bank KYC Point | Become A Paytm Bank BC Agent?

Paytm Payment Bank was founded to offer consumers zero-balance savings accounts, spending analytics, digital passbooks, virtual Debit Cards, fixed deposits, and money transfers. 

Paytm Bank has more than 100 million KYC customers, with 0.5 million joining each month. It also offers FASTag services, as Paytm is a significant issuer of FASTag. 

The chairman of Paytm Payment Bank is Vijay Shekhar Sharma. He leads the payment bank’s strategy and vision. Vijay Shekhar, who believes strongly in developing technology, has been instrumental in the development of mobile payments in India.

How to Open Paytm KYC Point?

Paytm is an online payment system that lets us pay for recharges, bills, shopping, bank transfers, and more. Paytm Payment Bank is currently shifting its focus to digital payments. Paytm Payment Bank was granted permission to create a bank by the RBI in 2014 under the Banking Regulation Act of 1949. 

Numerous other payment banks exist, including Airtel, NSDL, Aditya Birla, and Jio Payment Bank. You can also access Paytm Payment Bank via mobile. It is a completely virtual bank.

You may provide your clients services like launching a micro ATM, Aadhar-enabled payment systems, money transfers, new savings account opening, current account opening, and more by setting up a Paytm KYC Point. 

Applying and opening a Paytm Bank CSP in your region is simple. The Paytm Payment Bank CSP Apply instruction provides a step-by-step approach for the application, which is relatively simple. You may launch a Paytm Bank CSP Business and quickly begin making a respectable living.

Service NamePaytm Bank CSP
Application ProcessOnline
Scheme BeneficiariesAny Indian Citizen of minimum age 18 years old
Service ObjectiveTo provide banking services in rural areas
Service ProfitProvide banking benefits to rural citizens
Website URLpaytmbank.com

Apply Paytm Payment Bank CSP

A booth, stall, counter, or store where clients may obtain banking services is referred to as a Paytm Payment Bank CSP. The Paytm Customer Service Point offers all banking-related services.  A tiny bank of sorts, Paytm Bank BC Point, allows you to deposit and withdraw up to 10,000 rupees per day. 

With your smartphone, you can create a Paytm Bank savings account and obtain virtual and actual debit cards. You may withdraw cash from Paytm Payment Bank CSP and use your Paytm Payment Bank Debit Card at any merchant or retailer.

As is well known, banks these days are crowded with people. After spending considerable time, we may obtain financial services when we visit any bank. To address this issue, Paytm established Paytm Bank, which offers financial services to all metropolitan and rural cities. 

For people who cannot access their bank account on their cellphones, Paytm is also setting up Paytm Payment Bank KYC Points. Thus, if you’re seeking business ventures and possess an education, you might establish a Paytm Bank Customer Service Point locally.

What Are the Requirements To Apply to Bank CSP For Paytm Payments?

To initiate the Paytm Payment Bank BC Point, you must first fulfill the qualifying requirements. You may then apply for Paytm Bank CSP with ease. 

  • In order to create a Paytm Bank, the applicant must be a citizen of the region in question.
  • Must be at least eighteen years old.
  • The completion of grades 10 and 12 should be the minimal educational requirement.
  • An applicant for Paytm Bank Kiosk Points can be any educated individual.
  • It is simple for retired government employees to obtain Paytm Payment Bank CSP.
  • You need between 100 and 150 square feet of office space to create a Paytm Payment Bank KYC Point.

Documents Needed to Pay with Paytm: Bank CSP Application

You must have the required documents to receive the Paytm Payment Bank Customer Service Point.

The papers you’ll need to apply for Paytm Bank BC Points are stated below. 

  • Four passport-size photos, an Aadhar card, a Pan card, and
  • Identification card for driving, utility bill, ration card, IIBF certificate, and police verification Proof of Residence Certificate Shop Documents

Equipment Required for the Paytm Bank KYC Point

  • You will require the following devices to open a Paytm Payment Bank CSP. 
  • A laptop or desktop computer running Windows 7
  • A smartphone fingerprint scanner
  • A SIM card scanner
  • Webcam Strong Wi-Fi and Internet connection 
  • Power backup lasting at least eight hours.

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What Services Does Paytm Payment Bank CSP Offer?

Paytm Bank CSP offers its clients a wide range of financial services and excellent amenities. All the services Paytm Payment Bank BC Point provides its clients are enumerated below. 

  • Deposit of cash
  • Take-Out Cash
  • establishment of a new savings account
  • Bank Mini Statement
  • Money Transfer Balance Inquiry International Money Transfer
  • Payment system with Aadhar enabled for bill payment
  • Recharge your phone and dish
  • Purchasing Travel Tickets

What Other Qualifications are required for the Paytm Payment Bank CSP Online Application?

You must meet additional eligibility requirements in order to submit an online application for the Paytm Payment Bank CSP.  If you meet these requirements for eligibility, obtaining a Paytm Bank Kiosk will be simple.

  • To apply online, you need to have a shop agreement in place for at least ten years.
  • You must be at least eighteen years old

 to work as a Paytm Bank BC Agent.

  • The Paytm Payment Bank branch application process would be simple for you if you are the shop’s owner.
  • Your minimum schooling should be a 12th-grade diploma.

Read More : Canara Bank CSP Apply Online | Central Bank of India KIOSK Registration

How to Apply for a Bank CSP for Paytm Payments?

The application process for the Paytm Payment Bank CSP is relatively simple. You will be familiar with the detailed procedure for online registration that we have outlined below.

  • It is necessary for you to first go to Paytm Payment Bank’s official website.
  • The website’s homepage will then appear on your screen.
  • Select the option for Paytm Bank BC Agent Registration now.
  • This will cause a new page to open on your screen.
  • Select the Register option now.
  • Clicking the registration will open a new page.
  • Now, carefully fill out this form.
  • Once this form has been completed, click the submit button.
  • After completing your registration, Paytm Bank will get in touch with you.

Opening a Paytm Payment Bank BC Point does not entitle you to any type of compensation from Paytm. The only way you can get paid is if you give your clients banking services. 

The fee for creating a Paytm Bank Savings account is between 10 and 20 rupees. As a cash deposit and withdrawal service provider, you will be paid a commission equal to 0.05% of each transaction. Thus, by creating a Paytm Bank CSP and looking at all commissions, you may easily get a steady income every month.

You now understand how to apply online for a bank CSP with Paytm Payment. If you adhere to the above-mentioned step-by-step procedure, the registration process will be simple. However, you must first organize some funding for the purchase of equipment and file the relevant paperwork.

As long as you make all the necessary arrangements, you will undoubtedly receive the Paytm Bank CSP. Thus, this is your finest local business chance to build a Paytm Bank CSP. You may start making a lot of money every month by opening this.

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