Business Correspondent Certificate

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

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