What Is CSP Agent Commission Chart 2019

what is csp agent commission chart 2019

In 2019, Customer Service Point (CSP) agents, also known as Business Correspondents (BCs), played a pivotal role in extending banking services to India’s unbanked and underbanked populations. These agents facilitated various banking transactions, including account openings, cash deposits and withdrawals, money transfers, bill payments, and Aadhaar seeding. To compensate CSP agents for their services, banks provided commissions based on the type and volume of transactions conducted. So, see below what is CSP agent commission chart 2019.

What is a CSP Agent Commission Chart?

A CSP Agent Commission Chart is a structured table or list that outlines the commissions and incentives earned by Customer Service Point (CSP) agents for the banking services they provide on behalf of banks, especially in rural and underserved areas.

CSP agents, also known as Bank Mitras or Business Correspondents (BCs), are appointed by banks (like SBI, PNB, BOI, etc.) or authorized service providers to deliver essential banking services where physical branches are limited or unavailable.

CSP Agent Commission Chart 2019:

The commission structure for CSP agents in 2019 varied slightly across different banks. However, the following provides a general overview of the typical commission rates:

1. Account Opening:

  • Commission: ₹20 to ₹25 per account opened

2. Cash Deposits:

  • Commission: 0.25% to 0.40% of the deposited amount

  • Minimum Commission: ₹2 to ₹10 per transaction

3. Cash Withdrawals:

  • Commission: 0.25% to 0.40% of the withdrawn amount

  • Minimum Commission: ₹2 to ₹10 per transaction​

4. Money Transfers:

  • Commission: 0.25% to 0.50% of the transfer amount

  • Typical Commission: ₹5 to ₹10 per transaction​

5. Bill Payments:

  • Commission: ₹2 to ₹5 per bill payment processed​

6. Aadhaar Seeding:

  • Commission: ₹5 to ₹10 for each successful Aadhaar linkage​

7. Loan Processing Assistance:

  • Commission: ₹100 to ₹150 for assisting customers with loan applications

These commissions provided CSP agents with a steady income while enabling them to offer essential banking services to their communities.

CSP Agent Commission Chart Table:

Service Provided Commission Rate Typical Range (₹)
Account Opening Fixed per account ₹20 – ₹25
Cash Deposit 0.25% – 0.40% of deposit amount ₹2 – ₹10 per transaction
Cash Withdrawal 0.25% – 0.40% of withdrawal amount ₹2 – ₹10 per transaction
Money Transfer 0.25% – 0.50% of transfer amount ₹5 – ₹10 per transaction
Aadhaar Seeding (Linking) Fixed per successful link ₹5 – ₹10
Bill Payment (Electricity, etc.) Fixed per transaction ₹2 – ₹5
Loan Processing Support Fixed per application supported ₹100 – ₹150
Mini Statement / Balance Check Usually not commissioned ₹0
Recurring Deposit Setup Fixed per account ₹10 – ₹20
PMJDY Related Services Depends on scheme Varies

FAQ:

Q. What is the role of a CSP agent?

A. A CSP agent acts as a representative of a bank, providing basic banking services in areas where traditional bank branches are not present. They facilitate transactions such as account openings, deposits, withdrawals, money transfers, and bill payments.

Q. How is the commission for CSP agents determined?

A. Commissions are based on the type and volume of transactions conducted. Each bank has its own commission structure, but they generally fall within the ranges mentioned above.

Q. Are there any incentives for CSP agents beyond commissions?

A. Yes, some banks offer additional incentives for CSP agents who achieve certain performance metrics, such as a high number of account openings or transaction volumes.

Q. How can one become a CSP agent?

A. To become a CSP agent, one typically needs to apply through a bank or authorized service provider, meet certain eligibility criteria, and undergo training. Upon successful completion, the individual is authorized to operate as a CSP agent.

Q. Has the commission structure changed since 2019?

A. Yes, commission structures are periodically reviewed and updated by banks. For the most current commission rates, it’s advisable to consult the respective bank’s official communications or websites.

See Below The Insurance Agent Commission Chart
Insurance Agent Commission Chart in India (2025 Updated IRDAI Guidelines)Royal Sundaram General Insurance Agent Commission Chart 2025
Credit Access Life Insurance Agent Commission Chart 2025Go Digit Life Insurance Agent Commission Chart 2025
Acko Life Insurance Agent Commission Chart 2025Bandhan Life Insurance Agent Commission Chart 2025
Star Union Dai-ichi Life Insurance Agent Commission Chart 2025Shriram Life Insurance Agent Commission Chart 2025
Edelweiss Life Insurance Agent Commission Chart 2025IndiaFirst Life Insurance Agent Commission Chart 2025
Canara HSBC Life Insurance Agent Commission Chart 2025Ageas Federal Life Insurance Agent Commission Chart 2025
Aviva Life Insurance Agent Commission Chart 2025IFFCO Tokio General Insurance Agent Commission Chart 2025
Understanding Pramerica Life Insurance Agent Commission Chart 2025Future Generali Life Insurance Agent Commission Chart 2025
Bharti AXA Life Insurance Agent Commission Chart 2025Care Health Insurance Agent Commission Chart 2025
Tata AIG General Insurance Agent Commission Chart 2025Legal Expense Insurance Agent Commission Chart 2025
Top 6 Health Insurance Companies With The Highest Agent Commissions In 2025Lic Agent Commission Chart 2025
Star Health Insurance Agent Commission Chart 2025PLI Agent Commission Chart 2025
Post Office Agent Commission Chart 2025CSC Commission Chart 2025
SBI Life Insurance Agent Commission Chart 2025Tata AIA Agent Commission Chart 2025
Kotak Life Insurance Agent Commission Chart​ 2025Max Life Insurance Agent Commission Chart 2025
Bajaj Allianz Life Insurance Agent Commission Chart​ 2025ICICI Prudential Life Insurance Agent Commission Chart 2025
Reliance Nippon Life Insurance Agent Commission Chart 2025Birla Sun Life Agent Commission Chart 2025
HDFC Life Insurance Agent Commission 2025Vehicle Insurance Agent Commission Chart 2025
IRCTC Agent Commission Chart 2025National Insurance Agent Commission Chart 2025
Sahara Agent Commission Chart 2025PNB Metlife Agent Commission Chart 2025
Motor Insurance Agent Commission Chart 2025Oriental Insurance Agent Commission Chart 2025
United India General Insurance Agent Commission Chart 2025Mutual Fund Agent Commission Chart
HDFC Ergo Agent Commission ChartICICI Lombard Agent Commission Chart
Adarsh Credit Cooperative Society Agent Commission ChartIRDA General Insurance Agent Commission Chart
New India Assurance Agent Commission ChartAirline Ticket Basic Fare Commission Chart Corporate Agent
Finance Recovery Agent Commission ChartJeevan Tarun 834 Agent Commission Chart
SBI Vehicle Insurance Agent Commission ChartWhat Is CSP Agent Commission Chart 2019
Pet Insurance Agent Commission Chart 2025Travel Insurance Agent Commission Chart 2025
Senior Citizen Health Insurance Commission Chart 2025Home Insurance Agent Commission Chart 2025
Cyber Insurance Agent Commission Chart 2025Commercial Vehicle Insurance Agent Commission Chart 2025
Fire Insurance Agent Commission Chart 2025Term Insurance Agent Commission Chart 2025
OPD Insurance Agent Commission Chart 2025Cancer Insurance Agent Commission Chart 2025
Aviation Insurance Agent Commission Chart 2025Cybersecurity Insurance Agent Commission Chart 2025
Drone Insurance Agent Commission Chart 2025Retirement Insurance Agent Commission Chart 2025
Extreme Sports Insurance Agent Commission Chart 2025Luxury Goods Insurance Agent Commission Chart 2025
Whole Life Insurance Agent Commission Chart 2025Universal Life Insurance Agent Commission Chart 2025
Endowment Plans Agent Commission Chart 2025Family Health Insurance Agent Commission Chart 2025
Critical Illness Health Insurance Agent Commission Chart 2025Disability Health Insurance Agent Commission Chart 2025
Dental/Vision Health Insurance Agent Commission Chart 2025Hospital Indemnity Health Insurance Agent Commission Chart 2025
Auto Insurance Agent Commission Chart 2025Homeowners And Renters Agent Commission Chart 2025
Umbrella Insurance Agent Commission Chart 2025Commercial Property Insurance Agent Commission Chart 2025
General Liability Insurance Agent Commission Chart 2025Professional Liability Insurance Agent Commission Chart 2025
Product Liability Insurance Agent Commission Chart 2025Commercial Auto Insurance Agent Commission Chart 2025
Marine And Cargo Insurance Agent Commission Chart 2025Crop And Livestock Insurance Agent Commission Chart 2025
Wedding Insurance Agent Commission Chart 2025Flood And Earthquake Insurance Agent Commission Chart 2025