Union Bank of India- Product
Home You are here : path  Products path Personal path Business Correspondent

image  Business Correspondent (BC)Model


With the objective of ensuring greater Financial Inclusion and increasing outreach of the banking sector,Banks have been permitted to use the services of NGOs/SHGs, Micro Finance Institution (MFIs) and other Civil Society Organization (CSOs) as intermediaries in providing Financial and Banking services through the use of Business Correspondent Model. Business Correspondent agent is an extended arm of the Bank Branch who is providing doorstep Banking and Financial services to customers in remote areas. Presently Bank has appointed about 13500 Business Correspondents (BCs) pan India for serving unpenetrated and under penetrated geography of the country.

Services available at BC outlets-

Sr. No

Details of Services Available at BC Outlets

1

Saving Account Opening

2

Cash Deposit (Own Bank)

3

Cash Deposit (Other Bank- AePS)

4

Cash Withdrawal (Own Bank)

5

Cash Withdrawal (Other Bank)

6

Fund Transfer (within bank)

7

Fund Transfer (Other Bank- AePS)

8

Balance Enquiry (Own Bank)

9

Balance Enquiry (Other Bank- AePS/Rupay)

10

Mini Statement

11

Enrollment of Pradhan Mantri Suraksha Bima Yojana (PMSBY)

12

Enrollment of Pradhan Mantri Jivan Jyoti Bima Yojana (PMJJBY)

13

Enrollment of Atal Pension Yojana (APY)

14

IMPS

15

Recovery/ Collection up to Bank approved limits

16

NEFT

17

Request New Cheque Book

18

Stop Payment of Cheque

19

Cheque Status Enquiry

20

Request for SMS alert (if mobile number is already registered)

21

Launch Complaints

22

Track Complaints

23

Block Debit Card

24

Apply for Rupay Debit Card

25

Term Deposit / Recurring Deposit account opening

26

Renewal of Term Deposit/ Recurring Deposit account

27

Bharat Bills Payment System (BBPS) for payment of utility bills

28

Loan Application

29

Green Pin Generation for RuPay/ Debit Card

30

Application for PMJDY Overdraft

31

Financial Literacy

 
Location of BC Outlets - BC outlets can be located from Jan Dhan Darshak App provided by Government and available on Play Store.