HDFC Bank 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 Institutions (MFIs) and other Civil Society Organizations (CSOs) as intermediaries in providing Financial and Banking services using Business Correspondent Model. Business Correspondent is an extended arm of the Bank Branch who is providing Financial and Banking services to the customers in unbanked and underbanked areas.
Our Bank empanel Corporate Business Correspondents who in turn deploy Individual Business Correspondents at the allotted BC locations. At present, Bank has empanelled 5 Corporate Business Correspondents and they have deployed 1300+ Business Correspondents PAN India for serving unpenetrated and under penetrated geography of the country.
Our Corporate Business Correspondents
- Centillion Solution Services
- Viren Business Solutions
- MYROOTS RURAL BUSINESS CENTRES PRIVATE LIMITED
- Evergreen Proserv Private Limited
- Sub-K IMPACT Solutions Ltd
- Digivriddhi Technologies Pvt Ltd.
