I have decided to open an account in the State Bank of India and heard about the Business Correspondent (BC) Arrangement want details about this. Will you provide basic details about State Bank Of India BC and also provide me State Bank Of India BC Application Form?

State Bank of India is an Indian multinational, public sector banking and financial services company.

It is a government-owned corporation with its headquarters in Mumbai, Maharashtra.

State Bank Of India BC Application Form






Business Correspondent (BC) Arrangement

State Bank of India which has the largest branch network in the country invites eligible individuals/ NGOs/Companies (other than NBFCs)/ other entities to join hands with bank to take banking to all.

Some of the important features of our BC Model are given below.

Entities eligible to be appointed as BC

NGOs/ MFIs set up under Indian Societies/ Trust Acts.(Care: excluding NBFC)
Societies registered under mutually aided co-op. societies (MACs) Act or the Coop. Acts of States.
Section 25 companies.
Post Offices.
Retired Bank employees
Ex-Service men.
Retired Govt. Employees.
Individual kirana/ medical/fair price shop owners.
Individual Public Call Office (PCO) operators.
Agents of small savings schemes of Government of India/ Insurance Companies.
Individual who own petrol pumps.
Retired teachers.
Authorized functionaries of well run Self Help Groups (SHGs) linked to banks.
Individual member of Farmers Clubs.
Individual operators of Rural Multipurpose kiosks/ Village Knowledge Centres
Individuals/ proprietors/ owners who manage Agri Clinics/ Agri Business Centres.
Retired Post Masters.
Individuals such as auto dealers, tractor dealers and FMCG stockists.
Insurance agents including of private insurance companies (IRDA certified) and postal agents.
Individuals operating Common Services Centres (CSCs) established by Service Centre Agencies (SCAs) under the National e-Governance Plan (NeGP).
For profit companies
Any other individual considered suitable by the selection committee.

Contact:

State Bank of India
State Bank Bhavan, Madam Cama Road
Mumbai-400021.

SBI Office Phone Number: +91-22-22029456
SBI Office Fax Number: +91-22-22742431

Please find the below attached file for the State Bank Of India BC Application Form:

Attached Files

State Bank Of India BC Application Form.pdf (236.9 KB, 357 views)