BC

Who can be a business correspondent (BC)? A business correspondent (BC) is an individual or organization that is authorized to offer banking and financial services on behalf of a bank or financial institution. They are an important link between the bank and the unbanked population, particularly in rural areas, where banks are not easily accessible. … Read more

How to become a Business Correspondent Agent? The government of India has launched several initiatives to promote financial inclusion in the country, and one of them is the Business Correspondent (BC) model. Under this model, banks can appoint individuals or entities as business correspondent agents to provide banking services in areas where the bank does … Read more