Business Correspondent Practice Exam

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.

Business Correspondents play a vital role in providing banking services to remote locations. Business Correspondent as a career has gained immense popularity across India resulting in huge demand for certified professionals.

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

Business Correspondent certified professionals, executives and managers are in high demand in companies across India.

Who should take the Business Correspondent Exam?

• Finance or accounting professional
• Correspondent Banking Officer
• Relationship Manager
• Client Intelligence Unit (CIU) professional
• Analyst
• Junior Correspondent Banker
• Anti-Money Laundering (AML) Specialist

Knowledge and Skills required for the Business Correspondent

Critical thinking and communication skills helps candidate to gain quick success for career in business correspondent.

Business Correspondent Practice Exam Objectives

Business Correspondent exam focuses on assessing your skills and knowledge in concepts and application of Business Correspondent

Business Correspondent Practice Exam Pre-requisite

There are no prerequisites for the Business Correspondent exam. Candidates who are well versed  in banking or finance can easily clear the exam.

Business Correspondent Certification Course Outline

1. Introduction to Financial inclusion and Banking
2. Banking Products and Customers
3. Types of Customers 
4. KYC and Application
5. Payment mechanisms
6. Understanding the working of Internet and Mobile banking
7. Interest calculation
8. Risk Management
9. Role and functions of RBI
10. Basics of Communication
11. Accounting and Settlement

Exam Format and Information

Certification name – Certificate in Business Correspondent
Exam duration – 60 minutes
Exam type - Multiple Choice Questions
Eligibility / pre-requisite - None
Exam language - English
Exam format - Online
Passing score - 25
Exam Fees  - INR 1199