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Unregistered 24th December 2016 04:19 PM

State Bank Of India BC
I have some official work in State Bank of India and searching for some details about this bank so I can complete my work. Can you provide me details about the About Business Correspondent (BC) Arrangement also tell details about the Entities eligible to be appointed as BC in SBI?

shikha 24th December 2016 04:29 PM

Re: State Bank Of India BC
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 which has the largest branch network in the country invites eligible individuals/ NGOs/Companies (other than NBFCs)/ other entities 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.


State Bank of India
State Bank Bhavan, Madam Cama Road

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

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