What it means by Business Correspondent (BC)
India has wide geographical spread divided in two main regions as Urban and Rural area. Great number of population is still living in rural areas which are yet to receive banking facilities at their door step. RBI now allowed banks to engage individual or entities to provide their banking services to these remote areas where setting up a branch not possible practically. These representatives or agents are known as Business Correspondents (BC). They are mainly responsible to enhance basic banking services and let rural people also enjoy those financial benefits.
Why Choose us as your Trusted BC?
We have shown notable business growth to many banks being their trusted Business Correspondents (BC). Our passionate work resulted into remarkable growth of customer enrollment, transactions, deposits and loan disbursal.
Following points highlights our success as BC:
- Serving as Trusted BC partner for many Nationalized Banks
- 1000+ Business Locations
- 30+ Active Branches
- 100+ CSPs under activation process
Our Unique Solutions as BC
Our executives are well trained to get in touch with rural crowd to create awareness among them about banking services and how those services will impact their life or businesses. We will also literate them over financial planning, investment options and government’s schemes to let them enjoy financial freedom.
We will help banks by increasing the count of their Rural Customer Base. KYC information will be collected by us as per banks norms. Our BC’s will also identify the prospective customers for various financial products offered by bank.
We will encourage rural peoples and farmers to take benefit of loan facilities provided by bank to help them in their financial needs. Our executives will disburse small loans as per banks guidelines and will also help to collect principal and interest.
Our Support to Start as Business Correspondent
Are you interested to help out rural community? Do you think they also have equal rights to get benefits of financial services like urban people? Get ready to become a Business Correspondent. We are here to emerge you trusted BC
Just check out the following details to get started as BC:
KYC Documents:
- Aadhar Card
- Pan Card
- Voter Identity Card
- 3 Color Photos
- Store Act License
- Police Verification Certificates
- Nominee Details
- 3 Native References with Identity Proof
- Registered Mobile Number
Our Administrations:
- 5 Lac Insurance Coverage for Center Owner
- License
- Online Id
- Training
- Cash Management Services
- Third Party Product Merchandising
- Marketing material
- Brochure
- Flyer
- Local
- Agent Registration up to 15
Exclusions:
- Welcome kit
- Advance balance
- Infrastructure
- Centre space
- Agent’s fee
Investment:
- 5000 including 18% GST
Centre set-up time:
- 8 days
Contract Duration:
- 1 year
Note : For any reason, if you wish to cancel your agreement in the first month only, the investment amount will be refunded within 3 days.
