Ans: Providers Correspondents try merchandising representatives engaged from the banking companies having providing financial attributes on metropolises except that a bank branch/Automatic teller machine
Deposit money which have BC is just as a good as transferring was at a financial branch
Ans: A micro insurance promotes insurance policies among economically insecure parts away from community. It may be standard otherwise a life insurance policy having a contribution in hopes off Rs. fifty,100000 otherwise smaller.
Ans: National Retirement Design – Swavalamban is good co?contributory your retirement program circulated to prompt experts in the unorganized market to save voluntarily to have later years.
Ans: In Swavalamban Design, the us government do lead an amount of a thousand per annum in per National System account established and having a preserving out of Rs. a lot of in order to Rs 12000 per year to own a time period of 5 years.
Essentially, BCs allows a financial to expand outreach and provide limited range regarding banking features at wholesale prices. BCs, try a part of a corporate strategy for achieving higher monetary introduction.
Ans: BCs are allowed to perform multiple factors which includes personality out-of individuals, attend to type of brief really worth put, disbursal out of small value borrowing from the bank, healing of prominent / collection of interest marketing of small insurance coverage / common fund factors/ your retirement items/ other 3rd party services acknowledgment and birth regarding quick well worth remittances/ other fee tool, undertaking feeling regarding offers or other items degree advertisement advise toward controlling currency and financial obligation therapy an such like.
Ans: Customers can access their membership because of BC representatives otherwise support service issues, USBs, Kiosks, etcetera. appointed by the BC to have servicing clients.
Ans: The brand new BC utilized Recommendations and you can Correspondence Technology (ICT) mainly based gadgets eg portable computers, wise cards dependent gizmos, mobile phones etc.
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