SFPL

Business Correspondents

Business Correspondents are retail agents engaged by Corporate BC on behalf of banks for providing banking services at locations other than a bank branch/ATM. Basically, BCs enable a bank to expand its outreach and offer limited range of banking services at low cost, as setting up a brick and mortar branch may not be viable in all cases.

Our Company is having more than 2000 Plus BC Agents across the country.

Bank Mitra /Business Correspondent Agent (BCA) activities: BCAs are generally expected to perform the following types of activities:

● Identification of borrowers as per bank’s requirements. Collection, Preliminary scrutiny of data and submission of applications to the Bank
    for its review Creating awareness about savings and other products offered by the Bank, education or advice on managing money &
    debt counselling.

● Promotion, nurturing, monitoring and handholding of Self Help Groups and/or Joint Liability Groups and/or Micro Credit Groups
    and others.

● Facilitating the repayment of dues owed to the Bank by its customers/guarantors.

● Sale of third party financial products like Insurance, Pension products, Mutual funds etc.

● Aadhaar and mobile seeding of Bank accounts through Micro ATMs.

● Mobile number updation in Aadhaar database of UIDAI through Micro ATMs.

● Facilitating RuPay/VISA Debit RuPay/VISA Debit/VISA Debit cards delivery to customers and encouraging RuPay/VISA Debit
    RuPay/VISA Debit/VISA Debit card transactions by customers.

● Collection / Recovery