To
The Hon. Chief General Manager
State Bank of India
Local Head Office
Moti Mahal Marg
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
Email:
vksingh134@gmail.com
To
The Hon. Chief General Manager
Reserve Bank of India
Gomti Nagar
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
Email:
vksingh134@gmail.com
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
Email:
vksingh134@gmail.com