MEETING AT LUCKNOW- SELECTION OF OFFICE BEARERS

To

The Hon. Chief General Manager

State Bank of India

Local Head Office

Moti Mahal Marg

Lucknow

                                                                                                      Date: 22.10.2012

Dear Sir,

ALTERNATE CHANNEL

SBI B.C. CHANNEL

First of all, we the Business Correspondents of State Bank of India are thankful to Government of India, Reserve Bank of India, and Top Executives of State Bank of India, who have provided us the chance to serve, that population of the country, which was deprived of the banking facilities for last long time and thus provided us employment also near our dwelling place.

In this context, we have to submit the under noted some of our problems for better running of this channel.

i)                    The maximum limit of per day transaction of Rs. 10000/- may be increased to Rs. 20000/-.

ii)                   The maximum balance in accounts opened at Business Correspondents’ Kiosks may be increased from the present limit of Rs. 50000/- to Rs. 200000/-.

iii)                 We are handling cash in deposits but not getting any commission for deposits. This may be considered favorably.

iv)                 Our request is to pay commission promptly and with the details of head-wise commission paid to us viz. the commission paid on account opening, generation of Identity Cards, etc. may be shown separately.

v)                  We are not aware whether the commission shown in the system is after deduction of T.D.S. or not, as some branches are deducting T.D.S. on payment of commission.

vi)        Bank may allow issue of pass books to all customers, as our clientele is 100% backward and they more believe in pass books rather than printing of transaction slips. Moreover, the software of State Bank of India (Kiosk Banking) also shows evidence of issuing pass books.

                                                                        ::2::

vii)        Though, we all are working for the Bank, we are not aware of the Bank’s instructions relating to the Channel. We, therefore, request the Bank to circulate at least the instructions which relate to Business Correspondents, for better performance and pursuing the matter with the Bank’s officials.

viii)              The rate of commission presently being paid is running for last 5 years. This may be increased rationally.

ix)                 The transaction limit per annum in an account is allowed up to Rs.200000/- only, which may be increased to Rs.500000/-.

Thanking you,

Yours faithfully,

(V. K. Singh)

President

SBI BC (INDIVIDUAL) ASSOCIATION

LUCKNOW CIRCLE

Email: vksingh134@gmail.com

Mobile: 09307415988

To

The Hon. Chief General Manager

Reserve Bank of India

Reserve Bank Building

Gomti Nagar

Lucknow

                                                                                                      Date: 22.10.2012

Dear Sir,

ALTERNATE CHANNEL

SBI B.C. CHANNEL

First of all, we the Business Correspondents of State Bank of India are thankful to Government of India, Reserve Bank of India, and Top Executives of State Bank of India, who have provided us the chance to serve, that population of the country, which was deprived of the banking facilities for last long time and thus provided us employment also near our dwelling place.

In this context, we have to submit the under noted some of our problems for better running of this channel.

i)          The maximum limit of per day transaction of Rs. 10000/- may be increased to Rs. 20000/-.

ii)                   The maximum balance in accounts opened at Business Correspondents’ Kiosks may be increased from the present limit of Rs. 50000/- to Rs. 200000/-.

iii)                 We are handling cash in deposits but not getting any commission for deposits. This may be considered favorably.

iv)                 Our request is to pay commission promptly and with the details of head-wise commission paid to us viz. the commission paid on account opening, generation of Identity Cards, etc. may be shown separately.

v)                  We are not aware whether the commission shown in the system is after deduction of T.D.S. or not, as some branches are deducting T.D.S. on payment of commission.

vi)                 Bank may allow issue of pass books to all customers, as our clientele is 100% backward and they more believe in pass books rather than printing of transaction slips. Moreover, the software of State Bank of India (Kiosk Banking) also shows evidence of issuing pass books.

                                                      ::2::

vii)               Though, we all are working for the Bank, we are not aware of the Bank’s instructions relating to the Channel. We, therefore, request the Bank to circulate at least the instructions which relate to Business Correspondents, for better performance and pursuing the matter with the Bank’s officials.

viii)              The rate of commission presently being paid is running for last 5 years. This may be increased rationally.

ix)                 The transaction limit per annum in an account is allowed up to Rs.200000/- only, which may be increased to Rs.500000/-.

Thanking you,

Yours faithfully,

(V. K. Singh)

President

SBI BC (INDIVIDUAL) ASSOCIATION

LUCKNOW CIRCLE

Email: vksingh134@gmail.com

Mobile: 09307415988

To

The Hon. Finance Minister

Ministry of Finance

Government of India

New Deldi-110001.

                                                                                                      Date: 22.10.2012

Dear Sir,

ALTERNATE CHANNEL

SBI B.C. CHANNEL

First of all, we the Business Correspondents of State Bank of India are thankful to Government of India, Reserve Bank of India, and Top Executives of State Bank of India, who have provided us the chance to serve, that population of the country, which was deprived of the banking facilities for last long time and thus provided us employment also near our dwelling place.

In this context, we have to submit the under noted some of our problems for better running of this channel.

i)                    The maximum limit of per day transaction of Rs. 10000/- may be increased to Rs. 20000/-.

ii)                   The maximum balance in accounts opened at Business Correspondents’ Kiosks may be increased from the present limit of Rs. 50000/- to Rs. 200000/-.

iii)                 We are handling cash in deposits but not getting any commission for deposits. This may be considered favorably.

iv)                 Our request is to pay commission promptly and with the details of head-wise commission paid to us viz. the commission paid on account opening, generation of Identity Cards, etc. may be shown separately.

v)                  We are not aware whether the commission shown in the system is after deduction of T.D.S. or not, as some branches are deducting T.D.S. on payment of commission.

vi)                 Bank may allow issue of pass books to all customers, as our clientele is 100% backward and they more believe in pass books rather than printing of transaction slips. Moreover, the software of State Bank of India (Kiosk Banking) also shows evidence of issuing pass books.

                                                      ::2::

vii)               Though, we all are working for the Bank, we are not aware of the Bank’s instructions relating to the Channel. We, therefore, request the Bank to circulate at least the instructions which relate to Business Correspondents, for better performance and pursuing the matter with the Bank’s officials.

viii)              The rate of commission presently being paid is running for last 5 years. This may be increased rationally.

ix)                 The transaction limit per annum in an account is allowed up to Rs.200000/- only, which may be increased to Rs.500000/-.

Thanking you,

Yours faithfully,

(V. K. Singh)

President

SBI BC (INDIVIDUAL) ASSOCIATION

LUCKNOW CIRCLE

Email: vksingh134@gmail.com

Mobile: 09307415988