Banking Correspondents (BCs) are individuals/entities engaged by a bank in India (commercial banks, Regional Rural Banks (RRBs) and Local Area Banks (LABs)) for providing banking services in unbanked / under-banked geographical territories. We are the Corporate national BC of Bank Of Baroda (BoB) , having more than 100+ BC kiosks in all over Rajasthan providing Money remittance services in expertise manner.
Kiosk Banking BC model aims to provide a real time, user friendly banking services to the consumer in you city or village. We are not a a National 'Business Correspondent' for any Bank.
They help villagers in banking transactions. (deposit money, take money out of savings account, loans etc.)
Banking Business Correspondents get commission from bank for every new account opened.
The villager gives his thumb impression or electronic signature, and get the money.