Oxigen Services (India) Pvt. Ltd.

CIRCULAR NO. Oxigen/Sales/ ANN - 014/ 13-14

Dear CSP Business Partner,

We are pleased to offer new commission structure which is a significant improvement over our existing
commissions for SBI Kiosk banking. Exciting changes include higher payouts for Tatkal Money, higher
payouts for A/c to A/c remittance and introduction of Balance Maintenance commission. We will also be
running special quarterly schemes such as the ones highlighted below. With this new structure we hope
that you have a very prosperous and beneficial new financial year.
The new commission structure is attached herewith (rural transaction charges are still being waived off
by the bank):

1a
1a
1b
2

A/c Opening (Urban)*

A/c Opening (Rural)
ID Printing
On Deposit

3 On Withdrawal
4 Remittance A/c to A/c
Rs 1-Rs 10,000
5 Remittance Tatkal
(non-home deposit)

Customer Pays
Rs.
100
Rs.
25
FREE
0.25%
(Min 1/-, Max 6/-)
0.50%
(Min 2/-, Max 12/-)

CSP
Rs.
Rs.

45
15

0.17%
(min 0.7/-, max 4.2/-)
0.35%
(Min 1.4/-, Max 8.4/-)

1%
(min 2/-, no max)
2%
(min 25/-, max 100/-)

0.30%
(min 0.6/-, no max)

Rs.
Rs 1-Rs 2,000
Rs 2,001-Rs 5,000

10
30% of customer chg
Rs.
30

Rs 5001-Rs 10,000
6 Bal Maintenance
Rs 1-Rs 100

0.3%

Rs 101-Rs 1,000

0.6%

Rs 1,001+

0.9%

7 Recurring Deposit
A/c Opening
8 Rural Special Fee**

nil

10
2000/- p.m. min
guarantee

* Urban Account opening has been waived till further notice

** Special Rural Fee is only eligible for Rural FIP CSPs and will be paid over and above transaction
commission
Subject to minimum opening of 25 accounts per month
As a special incentive for high volume Tatkal Money CSPs we are offering an additional Rs 5/- per
transaction between Rs 5,001 and Rs 7,000, if your monthly volume exceeds Rs 30 lacs. So instead of
earning Rs 30/-, you will earn Rs 35/- per transaction!!
For example:
Tatkal Amount
Rs 5,001 - 7,000

if total monthly
volume <30 lacs
Rs 30

if total monthly
volume >=30 lacs
Rs 35

Also, for a limited period we are increasing the Account Opening payout for Urban CSPs to Rs 55/- per
account if you open more than 60 accounts in a month. Now that ATM card issuance has been enabled
at your Kiosk you should take advantage of this and open maximum accounts!!
Please note that the new structure is applicable from 1st April 2013.
Commission would continue to be paid by the 7th of the subsequent month.
Regards,

Samar Shivdasani
Executive Director Rural Business Operations

Oxigen Services India Private Limited

257,Udyog Vihar Phase 1, Gurgaon, Haryana, India
An ISO 9001:2008 certified company
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