About Us

Business correspondents are bank representatives with the following functions:

• Help villagers to open bank accounts, banking transactions, like, Deposit money, withdrawal of money out of savings account, loans etc.).
• They also carry a mobile device. So, the villagers give their thumb impression or electronic signature and get the money.
• They get a commission from the bank for every new account opened, every transaction made through them, every loan application processed etc.

NGO/Trust Acts, Cooperative society, Post offices, Retired Bank employees, Ex-servicemen., Retired Govt. Employees, Individuals owners of Kirana/medical/fair price shop owners, Insurance companies, Individuals who own petrol pumps, Retired teachers, Individual members of farmer’s clubs, Kiosks, CSC, Auto dealers and tractor dealers.

2 Photo, Aadhar card, PAN No, Electricity Bill/Voter card, Police verification, MC/Sarpanch Character certificate, 10 Rs. Stamp paper

• Non-Governmental Organisations(NGOs)
• Micro Finance Institutions (MFIs)
• Self Help Groups (SHGs)
• Khadi And Village Industries Units
• Post Offices
• Insurance Agents
• Cooperatives Societies
• Panchayats
• Corporate Entities With IT Outlets In Rural Parts
• Civil Society Organisations (CSOs)
• Farmers’ Clubs
• Community-Based Organisations
• Village Knowledge Centers
• Agri Clinics/ Agri Business Centers
• Krishi Vigyan Kendras

Business Correspondent can do transactions till 9:00 PM.

The Portal will be open till 12:00 pm.

Commission of each month will be transferred in BC OD of the 15th of the next month. For example, in January, the commission will be transferred up to 15 February.

Financial Inclusion Means:

• Giving formal banking services to poor people in urban & rural areas.
• Help them get loans at reasonable rates from normal banks. So they don’t become victims in the hands of local moneylenders & thugs.
• Promoting habit of money-savings, insurance, pension-investment among poor-people.