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Old February 2nd, 2018, 12:00 PM
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Default Indian Bank Bc

Hello sir, is there any one can tell me who can become Business correspondent for Indian Banks? Will you please show me detail about the India bank Business correspondent?
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Old February 2nd, 2018, 12:01 PM
Educhamp's Avatar
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Join Date: May 2011
Location: Delhi
Posts: 38,230
Default Re: Indian Bank Bc

In the Indian bank various financial inclusion planes are covered through Smart card based Business Correspondent (BC) Model and 458 SSAs through branches.

If financial inclusion means “open bank accounts for poor people.” Then what’s the big deal, just open a damn account!

Not so easy. India has around 6 lakh villages.

In Indian bank Business correspondents are bank representatives. They help villagers to open bank accounts. They help villagers in banking transactions.

A pioneer in introducing the latest technology in Banking:

Aadhar Enabled Payment System (AEPS) through Business Correspondents.

Rupay Debit card payments enabled through Business Correspondents.

List of BC in Indian bank:

Condition for to become Business correspondent for Banks:

Non-Governmental Organisations(NGOs)
Self Help Groups (SHGs),
Micro Finance Institutions (MFIs)
Post Offices
Insurance agents
Civil Society Organisations (CSOs)
farmers’ clubs
Community based organisations
Cooperatives societies
Village Knowledge Centres,
Agri Clinics/ Agri Business Centers,
Krishi Vigyan Kendras
Khadi and Village Industries units
corporate entities with IT outlets in rural parts.
Answered By StudyChaCha Member
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