Sector
BFSI
Keyword

Bank Representative

Bank Agent

Business Correspondent

Minimum ? 10th Certified training for Business Correspondent (programme aligned to BSC/Q 0301released by BFSI Sector Skill Council of India)

Preferably relevant work experience

The tasks a Business Correspondent is expected to perform include: Providing banking-related services in remote locations

Spreading awareness regarding banking and bank products

Carrying out transactions like opening fixed deposit accounts, savings accounts etc. for customers on behalf of the bank

Assisting banks in business generation

Knowledge about banks and their products

Knowledge of various marketing techniques

Knowledge of basic accounting concepts and techniques

Knowledge of basic financial concepts like interest rates, profit/loss etc.Proficiency in completing Know Your Customer (KYC) forms with necessary documents Proficiency in understanding customer requirements and suggest products accordingly

Knowledge of computer applications like MS Excel, MS Word, Tally, Power

Point etc.

Preferably training offered by respective financial institutions

Good interpersonal skills Problem solving attitude

Highlymotivatedandself-driven

Patient Familiarity with regional languages

Good communication skills

Integrity

Ability to multitask

It is not a desk job Work from home option is not available

Part-time jobs maybe available

Travelling is a part of this job role

May need to handle a team Working hours

Companies usually work for 5/6 days a week and 8/9 hours everyday. This may vary from company to company

Shift system is not available

Is the job suitable for a candidate with special needs?Maybe

This job is not considered hazardous or dangerous

Occupational hazards may include backache, poor eye sight, stress etc.

For freshers ? INR 5,000 to INR 8,000 per month + incentivesFor candidates with 2 to 3 years? experience ? INR 12,000 to INR 15,000 per month + incentives(These figures are indicative and subject to change)

Overview of India?s BFSI Industry

The banking & Financial system of the country plays a substantial role in promoting the long-term growth of the economy. The major segments of the industry are banking, insurance and mutual funds.

Based on the expected growth in the Banking and Financial Services Industry (BFSI), it is expected that about 8.4 million people would be employed in the Industry. The incremental human resource requirement between 2008 and 2022 is expected to be about 4.2 million.

The majority of the incremental requirement is in the financial intermediary segment which is primarily driven by planned development, such as JnNURM, of cities and towns where the financial services penetration is low.

Banks Non-Government Organisations (NGOs)Post offices

Self-Help Groups (SHGs)Insurance companies

Co-operative societies

Towns and cities across India