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Who/What is Business correspondent ?
  • Business correspondents are bank representatives.
  • They help villagers to open bank accounts.
  • They help villagers in banking transactions (Deposit money, take money out of savings account, loans etc.).
  • The Business Correspondent carries a mobile device.
  • The villager gives his thumb impression or electronic signature, and get the money
  • Business Correspondents get commission from bank for every new account opened, every transaction made via them, every loan-application processed etc.
  • Non-Governmental Organisations(ngos)
  • Self Help Groups (shgs)
  • Micro Finance Institutions (mfis)
  • Post Offices
  • Insurance Agents
  • Panchayats
  • Civil Society Organisations (csos)
  • Farmers’ Clubs
  • Community Based Organisations
  • Cooperatives Societies
  • Village Knowledge Centers
  • Agri Clinics/ Agri Business Centers
  • Krishi Vigyan Kendras
  • Khadi And Village Industries Units
  • Corporate Entities With IT Outlets In Rural Parts

There are two methods of withdrawing payment. One is by ATM card of any bank by using Pin pad device and secondly he can withdraw amount of any bank in which Aadhar of customer of customer has been updated.

Payment cannot be done by cheque or payslip.

BC can do transaction till 9:00 PM. Portal will be open till 00 pm.