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Government schemes · Banking, post & finance

Bank business correspondent (BC) agent

Act as a bank's agent in your village or locality: open accounts, take deposits and pay out cash for the bank under the RBI business correspondent model. Banks, payments banks and CSC's banking services engage BCs.

All IndiaChecked: 18 October 2026
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Franchise fee
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Royalty / commission
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Space
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Apply on the official page ↗

Who can apply

  • RBI lists individuals such as retired bank employees, retired teachers, retired government employees, ex-servicemen, kirana, medical and fair price shop owners, PCO operators, small savings and insurance agents, petrol pump owners, SHG functionaries and CSC operators.
  • Each BC is attached to a base branch. The bank checks reputation, financial soundness and cash-handling ability before engaging a BC.

How to apply

  1. Approach a bank branch or the bank's corporate BC partner in your area; each bank follows its own Board-approved BC policy.
  2. CSC VLEs can offer banking as a BC through the CSC network.

What this trade looks like

Representative photos of the trade — not this brand’s outlet.

Never pay a middlemanFake “dealership” offers using big names are common. Pay only into an account named on the official website, after a written agreement. If anyone asks for a “registration fee” over a phone call or WhatsApp, stop.

Sources (1)
  1. RBI Master Circular on Branch Licensing (RRBs), RBI/2015-16/10, 1 Jul 2015 – Business Correspondent guidelines · 2015

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