5 Jun 2023

REVISED CHARGES FROM CUSTOMERS AT BC LOCATION

REVISED CHARGES FROM CUSTOMERS AT BC LOCATION W.E.F. 01.04.2020

Pun

S No.	Parameter	Revised Charges (charges are inclusive of GST, except where it is specified)
1	Account Opening
	SB	NIL
	RD	NIL
	TD	NIL
2	Cash Deposit
	On-us (FI)	NIL
	On-us (Non-FI)	Four free transaction across all channels per month. Beyond four, Rs. 20/- per transaction.
	On-us Intersol (FI)	NIL
	On-us Intersol (Non-FI)
	Upto Rs. 10000/-	Rs. 25/- per transaction
	Rs. 10001/- to Rs. 15000/-	Rs. 35/- per transaction
	Rs. 15001 to Rs. 20000/-	Rs. 45/- per transaction
	Rs. 20001/- to Rs. 25000/-	Rs. 55/- per transaction
	AePS Acquirer	NIL
3	Cash Withdrawal
	On-us (FI)	NIL
	On-us (Non-FI)	Four free transaction across all channels per month. Beyond four, Rs. 20/- per transaction.
	On-us Intersol (FI)	NIL
	On-us Intersol (Non-FI)	Rs. 20/- per transaction
	AePS Acquirer	NIL
	AePS Issuer	Non FI : Rs. 20/- per transaction
4	Remittance (IMPS)
	upto Rs. 2500/-	Rs. 30/- per transaction
	>2500 to <5000/-	Rs. 30/- per transaction
	5000/- to Rs 10000/-	Rs. 50/- per transaction
	Rs. 10000/- to Rs. 25000/	Rs. 60/- per transaction
5	Indo Nepal Remittance	Charges at BC location (exclusive of GST) : Up to Rs.5,000/- : Rs 22/-, Rs.5,001/- to Rs.10,000/- : Rs 43/- Rs. 10,001/- to Rs. 15000/- : Rs 65/- Rs. 15,001/- to Rs.20,000/- : Rs 87/- Rs. 20,001/- to 25,000/- : Rs 109/-
6	Aadhaar Seeding	NIL
7	BBPS	Rs. 6/- (NIL for DTH recharge) per transaction
8	Fund Transfer (Non Cash Remittance)	Rs. 6/- per transaction (For remitter other than BSBD customer)
9	Request for Cheque Book, Debit Card	No charges for “Request for Debit Card”. Request for cheque book : Same as branch charges
10	Stop Cheque Request	As per branch charges
11	Block Debit Card	NIL
12	NEFT
	upto Rs. 2500/-	Rs. 2/- + GST
	>2500 to <5000/-	Rs. 2/- + GST
	5000/- to Rs 10000/-	Rs. 2/- + GST
	Rs. 10000/- to Rs. 25000/-	Rs. 4/- + GST
13	Cheque Receipt for Collection	Rs. 6/- per cheque leaf
14	Passbook Update	NIL

The commission structure for CSP (Customer Service Point) BC (Business Correspondent) varies based on the agreement between the BC and the bank or financial institution. CSP BCs typically earn a commission or fee for providing various banking services on behalf of the bank. However, it’s important to note that the specific commission rates and structure may differ depending on the bank and the services offered.

Here are some common types of commissions that CSP BCs may earn:

Account Opening Commission: BCs may receive a commission for each new bank account opened through their CSP. The commission amount can vary based on factors such as the type of account opened (savings, current, etc.) and the target customer segment (rural, urban, etc.).
Transaction-based Commission: BCs may earn a commission for every transaction conducted through their CSP. This can include commissions for cash deposits, cash withdrawals, money transfers, bill payments, and other banking transactions facilitated by the BC.
Micro Insurance Commission: If the BC offers microinsurance products on behalf of the bank, they may earn a commission for each policy sold or renewed.
Loan-related Commission: In some cases, BCs may receive a commission for promoting and facilitating loans provided by the bank. This can include commissions for loan applications, loan disbursements, and loan repayments made through the CSP.
Government Benefit Commission: BCs may earn a commission for assisting in the distribution of government benefits, such as pensions, subsidies, or social welfare payments. The commission can be based on the number of beneficiaries served or the amount disbursed.

The exact commission rates and structure are determined through negotiations between the BC and the bank. It’s important for BCs to understand the terms and conditions related to the commission structure, including any performance targets, payment cycles, and associated fees or charges.

It is advisable for individuals interested in becoming a CSP BC to directly inquire with the bank or financial institution they wish to collaborate with to obtain specific details about the commission structure and other related aspects.

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REVISED CHARGES FROM CUSTOMERS AT BC LOCATION