Who/What is Banking Business correspondent?
- Banking 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 Banking Business Correspondent carries a mobile device.
- The villager gives his thumb impression or electronic signature, and get the money.
- Banking Business Correspondents get commission from bank for every new account opened, every transection made via them, every loan-application processed etc.
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