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Business Correspondent (BC)

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Business Correspondent (BC)

Alankit Limited has joined hands with State Bank of India/Any other Banks to provide services as Business Correspondent to them. The BC arrangement essentially means enrolling customers & enabling the transactions of the customers at the Customer Service Points (CSPs) besides sourcing various deposit & loan products for the Bank as a Business Facilitator, thus facilitating the business growth of the Bank.


The activities to be undertaken by the BCs would be within the normal course of the bank 's banking business, but conducted through the BCs at places other than the bank premises. They are representatives appointed by banks to act as their agent & provide banking services in remote locations where the bank does not have a presence in order to promote financial inclusion.