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Outbreak of coronavirus (COVID-19) – Mandatory PMJJBY & PMSBY enrolment of BCs. As per point 4 of the welfare measures i.e. an exgratia of Rs.10 lakhs shall be paid by bank of the deceased BC Agents nominee in case of unfortunate death of active BC due to COVID-19.
Continue ReadingBusiness Correspondent (BC) – An Introduction Business correspondents are bank representatives. They help villagers to open bank accounts. Business Correspondents get commission from bank for every new account opening, every transaction made via them, every loan-application processed etc. The Business Correspondent carries a mobile device and helps villagers in banking transactions. (Deposit money, take money […]
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