Ans: Business Correspondents was merchandising representatives engaged by finance companies having bringing financial properties at the locations apart from a bank part/Automatic teller machine

Ans: Business Correspondents was merchandising representatives engaged by finance companies having bringing financial properties at the locations apart from a bank part/Automatic teller machine
Placing currency having BC is really as a good given that transferring was at a lender branch
Ans: A small insurance policy produces insurance coverage one of financially insecure areas from community. It may be general or a life insurance coverage having a good sum in hopes away from Rs. fifty,one hundred thousand otherwise quicker.
Ans: National Retirement System – Swavalamban try a beneficial co?contributory retirement scheme circulated onto remind specialists regarding the unorganized sector to store willingly getting old age.
Ans: Within the Swavalamban Strategy, the us government carry out lead an amount of a thousand per year for the each Federal System account opened and having a protecting of Rs. a thousand to online payday loans South Carolina help you Rs 12000 per year to own a period of 5 years.
Generally, BCs allows a bank to grow outreach and supply limited diversity regarding banking functions at low cost. BCs, was an integral part of a business technique for achieving greater financial inclusion. Continue Reading