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June 14th, 2016, 08:09 AM
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Join Date: Mar 2012
Business Correspondence SBBJ

Hii Buddy , I want to know What is the Functions of Banking Business Correspondents of State Bank of Bikaner and Jaipur Bank , Can you please tell me ? And Here Also Provide me Application form ?

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.

Business Correspondents get commission from bank for every new account opened, every transection made via them, every loan-application processed etc.

Friend on your Asking here I am giving Functions of Banking Business Correspondents of State Bank of Bikaner and Jaipur Bank :

Create awareness about savings.

Give advice to villagers, about how to save/invest money and how to arrange/manage loans.

Help the villagers to open bank accounts.

Collect loan applications, forward them to bank.

Preliminary processing of loan applications for example: verification of person’s identity, home-address etc.

Help the Self Help Groups (SHG), to get loans.

Help the bank to collect EMIs and recover loan money.

Business Correspondent Application form of SBBJ Bank





Last edited by Neelurk; May 26th, 2020 at 02:33 PM.
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