Business Correspondent
About Business Correspondent
Retail agents known as "Business Correspondents" are employed by banks to provide financial services at locations other than a bank branch or ATM. A bank may offer its small selection of financial services at a reasonable price because of BCs.
Why is Business Correspondent important?
Business Correspondents usage has the following benefits:
- Increased reach.
- Banks can reach out to places without formal financial services considerably more quickly and inexpensively by employing Business Correspondents than they can by opening physical offices.
- Door-to-door banking
- Better loan results.
- Rapid growth
Who should take the Business Correspondent Exam?
- Correspondent Banking Officer
- Relationship Manager
- Client Intelligence Unit (CIU) professional
- Analyst
- Junior Correspondent Banker
- Anti-Money Laundering (AML) Specialist
Business Correspondent Certification Course Outline
- Introduction to Financial inclusion and Banking
- Banking Products and Customers
- Types of Customers
- KYC and Application
- Payment mechanisms
- Understanding the working of Internet and Mobile banking
- Interest calculation
- Risk Management
- Role and functions of RBI
- Basics of Communication
- Accounting and Settlement
Business Correspondent Certificate FAQs
How to register for the exam?
You can directly go to the certification exam page and register for the exam.
What happens if I fail in the exam?
You will be required to re-register and appear for the exam. There is no limit on exam retake.
How many questions will be there in the exam?
There will be 50 questions of 1 mark each
Is there any negative marking?
No there is no negative marking
What is the passing score for the Certification?
You have to score 25/50 to pass the exam.
When will the result be declared?
The result will be declared immediately on submission.
How can I take the exam?
It will be a computer-based exam. The exam can be taken from anywhere around the world.