No of Openings- 03
Location- Gaya, Vaishali and Motihari
Business Correspondents ensure the delivery of last-mile banking services to millions of customers on behalf of the banks.
The activities that are executed by them shall be within the normal course of the banking business of the concerned bank, but carried out through and by the entities at places other than the Bank’s premises.
With regards to all such transactions, the Business Correspondent, his or her agent shall be authorised to accept or deliver cash either at his place of work, or any suitable location subject to the ceilings per day / per customer as specified.
The BCs are linked to the nearby branch of the bank (also known as base Branch).
A Business Correspondent could serve as a BC for more than one bank, at the point of customer interface, the retail outlet or sub-agent of BC should represent and deliver banking services of only one particular bank.
The terms and conditions governing the contract between the bank and the BC must be carefully defined in written agreements and subject to thorough legal vetting.
The Business Correspondent should adhere to the instructions specified in the contract.
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