Your Success Partner

BFSI

Business Correspondent

Brings basic banking services such as account opening, deposits, withdrawals and money transfers to people in their own locality, on behalf of a bank.

Business correspondent outlets and customer service points linked to banks, often in residential areas, villages and markets.

Typical tasks

  • Help customers open bank accounts and complete KYC
  • Process cash deposits, withdrawals and transfers
  • Explain the bank's savings, insurance and pension products
  • Maintain daily transaction records and cash balance
  • Reconcile transactions with the bank or BC network
  • Spread awareness of banking services in the community

Key skills

  • Basic banking products
  • KYC documents and account opening
  • Use of micro-ATM devices and banking apps
  • Accurate cash handling
  • Building customer trust
  • Record keeping

Growing in this career

Business correspondents can grow to supervise a group of outlets, or move to bank sales or customer service roles.

Role information is general career guidance. Programme availability, eligibility and batch dates are shared by our counsellors on enquiry.