tag:blogger.com,1999:blog-8546273933406489042024-02-08T06:47:35.610-08:00SBI BUSINESS CORRESPONDENTSDinesh Kumar Singh 'Ghayal Faizabadi'http://www.blogger.com/profile/02058173791689987518noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-854627393340648904.post-90060877603544706272012-10-22T07:25:00.002-07:002012-10-22T07:25:43.169-07:00MEETING AT LUCKNOW- SELECTION OF OFFICE BEARERS<div dir="ltr" style="text-align: left;" trbidi="on">
<br />
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To</div>
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<br /></div>
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The Hon. Chief General Manager</div>
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State Bank of <st1:country -region="-region" w:st="on">India</st1:country></div>
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Local Head Office</div>
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Moti Mahal Marg</div>
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<st1:city w:st="on">Lucknow</st1:city></div>
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Date:
22.10.2012</div>
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Dear Sir,</div>
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<br /></div>
<div class="MsoNormal" style="margin-left: .25in;">
<b><u>ALTERNATE CHANNEL<o:p></o:p></u></b></div>
<div class="MsoNormal" style="margin-left: .25in;">
<b><u>SBI B.C. CHANNEL<o:p></o:p></u></b></div>
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<br /></div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
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.</div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
In this
context, we have to submit the under noted some of our problems for better
running of this channel.</div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-left: .25in; mso-list: l2 level1 lfo1; tab-stops: list .25in; text-align: justify; text-indent: -.5in;">
<!--[if !supportLists]-->i)<span style="font-size: 7pt;">
</span><!--[endif]-->The maximum limit of per day transaction of Rs. 10000/-
may be increased to Rs. 20000/-.</div>
<div class="MsoNormal" style="margin-left: .25in; mso-list: l2 level1 lfo1; tab-stops: list .25in; text-align: justify; text-indent: -.5in;">
<!--[if !supportLists]-->ii)<span style="font-size: 7pt;">
</span><!--[endif]-->The maximum balance in accounts opened at Business
Correspondents’ Kiosks may be increased from the present limit of Rs. 50000/-
to Rs. 200000/-.</div>
<div class="MsoNormal" style="margin-left: .25in; mso-list: l2 level1 lfo1; tab-stops: list .25in; text-align: justify; text-indent: -.5in;">
<!--[if !supportLists]-->iii)<span style="font-size: 7pt;">
</span><!--[endif]-->We are handling cash in deposits but not getting any
commission for deposits. This may be considered favorably.</div>
<div class="MsoNormal" style="margin-left: .25in; mso-list: l2 level1 lfo1; tab-stops: list .25in; text-align: justify; text-indent: -.5in;">
<!--[if !supportLists]-->iv)<span style="font-size: 7pt;">
</span><!--[endif]-->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.</div>
<div class="MsoNormal" style="margin-left: .25in; mso-list: l2 level1 lfo1; tab-stops: list .25in; text-align: justify; text-indent: -.5in;">
<!--[if !supportLists]-->v)<span style="font-size: 7pt;">
</span><!--[endif]-->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.</div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify; text-indent: -.5in;">
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 <st1:country -region="-region" w:st="on">India</st1:country>
(Kiosk Banking) also shows evidence of issuing pass books.</div>
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<br /></div>
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<br /></div>
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<br /></div>
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<br /></div>
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::2::</div>
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<br /></div>
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<br /></div>
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<br /></div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify; text-indent: -.5in;">
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.</div>
<div class="MsoNormal" style="margin-left: .25in; mso-list: l0 level1 lfo2; tab-stops: list .25in; text-align: justify; text-indent: -.5in;">
<!--[if !supportLists]-->viii)<span style="font-size: 7pt;">
</span><!--[endif]-->The rate of commission presently being paid is running
for last 5 years. This may be increased rationally.</div>
<div class="MsoNormal" style="margin-left: .25in; mso-list: l0 level1 lfo2; tab-stops: list .25in; text-align: justify; text-indent: -.5in;">
<!--[if !supportLists]-->ix)<span style="font-size: 7pt;">
</span><!--[endif]-->The transaction limit per annum in an account is
allowed up to Rs.200000/- only, which may be increased to Rs.500000/-.</div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
Thanking you,</div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
Yours
faithfully,</div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
<br /></div>
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<br /></div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
(V. K. Singh)</div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
President</div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
SBI BC
(INDIVIDUAL) ASSOCIATION</div>
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<st1:street w:st="on"><st1:address w:st="on"><span style="font-size: 10.0pt;">LUCKNOW CIRCLE</span></st1:address></st1:street><span style="font-size: 10.0pt;"><o:p></o:p></span></div>
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<br /></div>
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<br /></div>
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<span style="font-size: 10.0pt;">Email:
<a href="mailto:vksingh134@gmail.com">vksingh134@gmail.com</a><o:p></o:p></span></div>
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<st1:place w:st="on"><st1:city w:st="on"><span style="font-size: 10.0pt;">Mobile</span></st1:city></st1:place><span style="font-size: 10.0pt;">: 09307415988<o:p></o:p></span></div>
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<br /></div>
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<br /></div>
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To</div>
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<br /></div>
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The Hon. Chief General Manager</div>
<div class="MsoNormal" style="margin-left: .25in;">
Reserve Bank of <st1:country -region="-region" w:st="on">India</st1:country></div>
<div class="MsoNormal" style="margin-left: .25in;">
<st1:place w:st="on"><st1:placename w:st="on">Reserve</st1:placename> <st1:placename w:st="on">Bank</st1:placename>
<st1:placetype w:st="on">Building</st1:placetype></st1:place></div>
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Gomti Nagar</div>
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<st1:place w:st="on">Lucknow</st1:place></div>
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Date:
22.10.2012</div>
<div class="MsoNormal" style="margin-left: .25in;">
Dear Sir,</div>
<div class="MsoNormal" style="margin-left: .25in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .25in;">
<b><u>ALTERNATE CHANNEL<o:p></o:p></u></b></div>
<div class="MsoNormal" style="margin-left: .25in;">
<b><u>SBI B.C. CHANNEL<o:p></o:p></u></b></div>
<div class="MsoNormal" style="margin-left: .25in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
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.</div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
In this
context, we have to submit the under noted some of our problems for better
running of this channel.</div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify; text-indent: -.5in;">
i) The maximum limit of
per day transaction of Rs. 10000/- may be increased to Rs. 20000/-.</div>
<div class="MsoNormal" style="margin-left: .25in; mso-list: l1 level1 lfo3; tab-stops: list .25in; text-align: justify; text-indent: -.5in;">
<!--[if !supportLists]-->ii)<span style="font-size: 7pt;">
</span><!--[endif]-->The maximum balance in accounts opened at Business Correspondents’
Kiosks may be increased from the present limit of Rs. 50000/- to Rs. 200000/-.</div>
<div class="MsoNormal" style="margin-left: .25in; mso-list: l1 level1 lfo3; tab-stops: list .25in; text-align: justify; text-indent: -.5in;">
<!--[if !supportLists]-->iii)<span style="font-size: 7pt;">
</span><!--[endif]-->We are handling cash in deposits but not getting any
commission for deposits. This may be considered favorably.</div>
<div class="MsoNormal" style="margin-left: .25in; mso-list: l1 level1 lfo3; tab-stops: list .25in; text-align: justify; text-indent: -.5in;">
<!--[if !supportLists]-->iv)<span style="font-size: 7pt;">
</span><!--[endif]-->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.</div>
<div class="MsoNormal" style="margin-left: .25in; mso-list: l1 level1 lfo3; tab-stops: list .25in; text-align: justify; text-indent: -.5in;">
<!--[if !supportLists]-->v)<span style="font-size: 7pt;">
</span><!--[endif]-->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.</div>
<div class="MsoNormal" style="margin-left: .25in; mso-list: l1 level1 lfo3; tab-stops: list .25in; text-align: justify; text-indent: -.5in;">
<!--[if !supportLists]-->vi)<span style="font-size: 7pt;">
</span><!--[endif]-->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 <st1:place w:st="on">India</st1:place>
(Kiosk Banking) also shows evidence of issuing pass books.</div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
<br /></div>
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<br /></div>
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<br /></div>
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<br /></div>
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<br /></div>
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<br /></div>
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<br /></div>
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<br /></div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
::2::</div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-left: .25in; mso-list: l1 level1 lfo3; tab-stops: list .25in; text-align: justify; text-indent: -.5in;">
<!--[if !supportLists]-->vii)<span style="font-size: 7pt;">
</span><!--[endif]-->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.</div>
<div class="MsoNormal" style="margin-left: .25in; mso-list: l1 level1 lfo3; tab-stops: list .25in; text-align: justify; text-indent: -.5in;">
<!--[if !supportLists]-->viii)<span style="font-size: 7pt;">
</span><!--[endif]-->The rate of commission presently being paid is running
for last 5 years. This may be increased rationally.</div>
<div class="MsoNormal" style="margin-left: .25in; mso-list: l1 level1 lfo3; tab-stops: list .25in; text-align: justify; text-indent: -.5in;">
<!--[if !supportLists]-->ix)<span style="font-size: 7pt;">
</span><!--[endif]-->The transaction limit per annum in an account is
allowed up to Rs.200000/- only, which may be increased to Rs.500000/-.</div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
Thanking you,</div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
Yours
faithfully,</div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
(V. K. Singh)</div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
President</div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
SBI BC
(INDIVIDUAL) ASSOCIATION</div>
<div class="MsoNormal" style="margin-left: .25in;">
<st1:street w:st="on"><st1:address w:st="on"><span style="font-size: 10.0pt;">LUCKNOW CIRCLE</span></st1:address></st1:street><span style="font-size: 10.0pt;"><o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="margin-left: .25in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .25in;">
<span style="font-size: 10.0pt;">Email:
<a href="mailto:vksingh134@gmail.com">vksingh134@gmail.com</a><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: .25in;">
<st1:place w:st="on"><st1:city w:st="on"><span style="font-size: 10.0pt;">Mobile</span></st1:city></st1:place><span style="font-size: 10.0pt;">: 09307415988<o:p></o:p></span></div>
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<br /></div>
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<br /></div>
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<br /></div>
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<br /></div>
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<br /></div>
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<br /></div>
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<br /></div>
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<br /></div>
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To</div>
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<br /></div>
<div class="MsoNormal" style="margin-left: .25in;">
The Hon. Finance Minister</div>
<div class="MsoNormal" style="margin-left: .25in;">
Ministry of Finance</div>
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Government of <st1:country -region="-region" w:st="on">India</st1:country></div>
<div class="MsoNormal" style="margin-left: .25in;">
New Deldi-110001.</div>
<div class="MsoNormal" style="margin-left: .25in;">
Date:
22.10.2012</div>
<div class="MsoNormal" style="margin-left: .25in;">
Dear Sir,</div>
<div class="MsoNormal" style="margin-left: .25in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .25in;">
<b><u>ALTERNATE CHANNEL<o:p></o:p></u></b></div>
<div class="MsoNormal" style="margin-left: .25in;">
<b><u>SBI B.C. CHANNEL<o:p></o:p></u></b></div>
<div class="MsoNormal" style="margin-left: .25in;">
<br /></div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
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.</div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
In this context,
we have to submit the under noted some of our problems for better running of
this channel.</div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-left: .25in; mso-list: l3 level1 lfo4; tab-stops: list .25in; text-align: justify; text-indent: -.5in;">
<!--[if !supportLists]-->i)<span style="font-size: 7pt;">
</span><!--[endif]-->The maximum limit of per day transaction of Rs. 10000/-
may be increased to Rs. 20000/-.</div>
<div class="MsoNormal" style="margin-left: .25in; mso-list: l3 level1 lfo4; tab-stops: list .25in; text-align: justify; text-indent: -.5in;">
<!--[if !supportLists]-->ii)<span style="font-size: 7pt;">
</span><!--[endif]-->The maximum balance in accounts opened at Business
Correspondents’ Kiosks may be increased from the present limit of Rs. 50000/-
to Rs. 200000/-.</div>
<div class="MsoNormal" style="margin-left: .25in; mso-list: l3 level1 lfo4; tab-stops: list .25in; text-align: justify; text-indent: -.5in;">
<!--[if !supportLists]-->iii)<span style="font-size: 7pt;">
</span><!--[endif]-->We are handling cash in deposits but not getting any
commission for deposits. This may be considered favorably.</div>
<div class="MsoNormal" style="margin-left: .25in; mso-list: l3 level1 lfo4; tab-stops: list .25in; text-align: justify; text-indent: -.5in;">
<!--[if !supportLists]-->iv)<span style="font-size: 7pt;">
</span><!--[endif]-->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.</div>
<div class="MsoNormal" style="margin-left: .25in; mso-list: l3 level1 lfo4; tab-stops: list .25in; text-align: justify; text-indent: -.5in;">
<!--[if !supportLists]-->v)<span style="font-size: 7pt;">
</span><!--[endif]-->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.</div>
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<!--[if !supportLists]-->vi)<span style="font-size: 7pt;">
</span><!--[endif]-->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 <st1:place w:st="on">India</st1:place>
(Kiosk Banking) also shows evidence of issuing pass books.</div>
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::2::</div>
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<!--[if !supportLists]-->vii)<span style="font-size: 7pt;">
</span><!--[endif]-->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.</div>
<div class="MsoNormal" style="margin-left: .25in; mso-list: l3 level1 lfo4; tab-stops: list .25in; text-align: justify; text-indent: -.5in;">
<!--[if !supportLists]-->viii)<span style="font-size: 7pt;">
</span><!--[endif]-->The rate of commission presently being paid is running
for last 5 years. This may be increased rationally.</div>
<div class="MsoNormal" style="margin-left: .25in; mso-list: l3 level1 lfo4; tab-stops: list .25in; text-align: justify; text-indent: -.5in;">
<!--[if !supportLists]-->ix)<span style="font-size: 7pt;">
</span><!--[endif]-->The transaction limit per annum in an account is
allowed up to Rs.200000/- only, which may be increased to Rs.500000/-.</div>
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<br /></div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
Thanking you,</div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
Yours
faithfully,</div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
<br /></div>
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<br /></div>
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<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
(V. K. Singh)</div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
President</div>
<div class="MsoNormal" style="margin-left: .25in; text-align: justify;">
SBI BC
(INDIVIDUAL) ASSOCIATION</div>
<div class="MsoNormal" style="margin-left: .25in;">
<st1:street w:st="on"><st1:address w:st="on"><span style="font-size: 10.0pt;">LUCKNOW CIRCLE</span></st1:address></st1:street><span style="font-size: 10.0pt;"><o:p></o:p></span></div>
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<span style="font-size: 10.0pt;">Email:
<a href="mailto:vksingh134@gmail.com">vksingh134@gmail.com</a><o:p></o:p></span></div>
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<st1:place w:st="on"><st1:city w:st="on"><span style="font-size: 10.0pt;">Mobile</span></st1:city></st1:place><span style="font-size: 10.0pt;">: 09307415988<o:p></o:p></span></div>
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Dinesh Kumar Singh 'Ghayal Faizabadi'http://www.blogger.com/profile/02058173791689987518noreply@blogger.com0tag:blogger.com,1999:blog-854627393340648904.post-53114312957590779462012-04-19T10:47:00.000-07:002012-04-19T10:47:46.256-07:00A REPORT ON WORKING / DIFFICULTIES OF BUSINESS CORRESPONDENTS ENGAGED BY STATE BANK OF INDIA<div dir="ltr" style="text-align: left;" trbidi="on"><br />
<div class="MsoNormal"><span style="color: blue;">It is furnished hereunder the difficulties and problems faced by the business correspondents engaged by State Bank of <st1:country-region w:st="on">India</st1:country-region>, in a summarised form.</span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><b><u><span style="font-size: 14.0pt;"><span style="color: blue;">1. Cash Management<o:p></o:p></span></span></u></b></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="color: blue;"> As the scheme of the Govt. is mainly to cover the rural area under financial inclusion, most of the customer service centres have been opened in remote area of the country, which are linked to a Branch ranging from 7 to 20 kms. far from C.S.Ps. The cash management on the part of the business correspondents has become difficult, specially with a view to serve the customers in time and security of cash etc. The Link Branch staff may and may not cooperate to withdraw cash from there and fetch it to C.S.P. in time.</span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><b><u><span style="font-size: 14.0pt;"><span style="color: blue;">2. Commission is on very low side<o:p></o:p></span></span></u></b></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="color: blue;"> The structure of commission being paid by state bank of <st1:country-region w:st="on">India</st1:country-region> is as under:-</span></div><div class="MsoNormal"><span style="color: blue;"> On deposits : Nil</span></div><div class="MsoNormal"><span style="color: blue;"> “ “ : Annual Average Balance : 0.5% (annual)</span></div><div class="MsoNormal"><span style="color: blue;"> “ “ : 50 paise per account per month (Maintenance)</span></div><div class="MsoNormal" style="text-indent: 36.0pt;"><span style="color: blue;">On withdrawal : 0.5% (Min. Re. 1/- Max Rs. 12/-)</span></div><div class="MsoNormal" style="margin-left: 36.0pt;"><span style="color: blue;">(If commission is below Rs. 2000/- it will be top up to Rs.2000/- only) </span></div><div class="MsoNormal"><span style="color: blue;"> It is apparent that amount of commission arrives at not exceeding to Rs. 3000 to 4000 per month approximately, while recurring expenses of B.C. is atleast Rs. . 4000/- (not included personal expenses, entertainment expenses to customers, conveyance expenses etc.). Thus in some cases business correspondents are losing from their own pocket every month, and are awaiting for enhancement in the model of commission structure.</span></div><div class="MsoNormal" style="text-indent: 36.0pt;"><br />
</div><div class="MsoNormal" style="margin-left: 36.0pt;"><span style="color: blue;">On remittance : 2/5 : 3/5 ratio (Bank : B.C.)</span></div><div class="MsoNormal" style="margin-left: 36.0pt;"><span style="color: blue;">On loans : 0.75% to 1% conditional (however it depends totally on link Branch whether to sanction loan or not: thus it is equal to zero for B.C.)</span></div><div class="MsoNormal"><span style="color: blue;">On Account opening : Rs. 20/- per account opened.</span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><b><u><span style="font-size: 14.0pt;"><span style="color: blue;">3. Details of commission paid not known- whether it is authentic or not<o:p></o:p></span></span></u></b></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="color: blue;"> The Bank is not furnishing / delivering any report to B.C. to enable them to know as to what is amount of total business fetch by them. Thus at the time of payment of commission on average annual deposit, its correctness cannot be confirmed by B.C. Similar is the case in respect of monthly commission being paid. The list is displayed on the site of “SBI Times” which is accessible to Branch Manager only, and the chances of misappropriation/ wrong calculation / inadvertence cannot be set aside.</span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><br />
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</div><div class="MsoNormal"><b><u><span style="font-size: 14.0pt;"><span style="color: blue;">4. No platform for B.C. to get remedy for grievances<o:p></o:p></span></span></u></b></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="color: blue;"> There is no proper platform on Bank’s side which may assist B.C. to get remedy for their problems. The Branch staff treat the B.C. as if they are their rival and snatcher of their bread. Neither they are doing their work nor allowing B.C. to work; the crowd in Bank’s regular branches are its evidence. While the maximum transaction limit of CSP in each account is subject to not exceeding Rs. 10000/-, why not bank divert their customers to CSP who remit money upto Rs. 10000/-.</span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><b><u><span style="font-size: 14.0pt;"><span style="color: blue;">5. Provision of Pass Book not made available<o:p></o:p></span></span></u></b></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="color: blue;"> Only Identity Cards are provided to the customers and not pass books, which is very much essential for customer. At any point of time, customer wants to know the balance, if pass book is not with him, how he can know his balance. The printed copy of the last transaction or all previous transactions to be kept by him for ever is not feasible at all. Moreover, in the print copy of transaction, net balance does not show.</span></div><div class="MsoNormal"><span style="color: blue;">It is costlier to B.C. to provide them printout of their transaction rather than entering in his pass book. While in Bank’s regular branches, pass book are being given, why do Bank not apply the same rule to their regular branches.</span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><b><u><span style="font-size: 14.0pt;"><span style="color: blue;">6. Balance / Statement of customer’s account not available without finger impression<o:p></o:p></span></span></u></b></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="color: blue;"> In lack of the above, B.Cs. as well as customers also are feeling much difficulty, because the system is under CORE BANKING, the customers’ relatives remit money from outside, and the customers want to know whether the money has been credited to their account. We only cut a sorry figure in saying that it is not possible without physical presence and giving finger print verification.</span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><b><u><span style="font-size: 14.0pt;"><span style="color: blue;">7. Erroneous entries cannot be adjusted<o:p></o:p></span></span></u></b></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="color: blue;"> Often, by clerical mistake which is human, some erroneous entries take place, which we cannot reverse. The link Branch may or may not adjust it because it is under their discretion. Thus there is always a chancee for loss to B.C.</span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><b><u><span style="font-size: 14.0pt;"><span style="color: blue;">8. Security Arrangements <o:p></o:p></span></span></u></b></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="color: blue;"> No security arrangements have been made available on behalf of Bank. Transactions are ranging upto 100000 to 200000 in an average per day. It is risky in regard with loss of money and life.</span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><b><u><span style="font-size: 14.0pt;"><span style="color: blue;">9. Limitations<o:p></o:p></span></span></u></b></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="color: blue;"> There are many limitations which is affecting to B.C.’s business.</span></div><div class="MsoNormal" style="margin-left: 54.0pt; mso-list: l0 level1 lfo1; tab-stops: list 54.0pt; text-indent: -36.0pt;"><!--[if !supportLists]--><span style="color: blue;">i)<span style="font-size: 7pt;"> </span><!--[endif]-->Limit of Annual income of customer : Not exceeding Rs.60000/-</span></div><div class="MsoNormal" style="margin-left: 54.0pt; mso-list: l0 level1 lfo1; tab-stops: list 54.0pt; text-indent: -36.0pt;"><!--[if !supportLists]--><span style="color: blue;">ii)<span style="font-size: 7pt;"> </span><!--[endif]-->Limit of total deposit in an account : Not exceeding Rs.50000/- </span></div><div class="MsoNormal" style="margin-left: 54.0pt; mso-list: l0 level1 lfo1; tab-stops: list 54.0pt; text-indent: -36.0pt;"><!--[if !supportLists]--><span style="color: blue;">iii)<span style="font-size: 7pt;"> </span><!--[endif]-->Limit of total transaction annual : 200000</span></div><div class="MsoNormal" style="margin-left: 54.0pt; mso-list: l0 level1 lfo1; tab-stops: list 54.0pt; text-indent: -36.0pt;"><!--[if !supportLists]--><span style="color: blue;">iv)<span style="font-size: 7pt;"> </span><!--[endif]-->Limit on commission- on payments :12/- maximum( i.e. if payment is for Rs.2400/- or upto 10000/- only Rs.12/- is admissible. Why one will take interest to pay a heavy amount like Rs.10000/- at a stretch). Moreover, it is ridiculous as to a customer earning upto Rs.60000 alongwith all liabilities can save and deposit a good deal of amount, which matters to get commission to B.C. as average annual deposits.</span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><b><u><span style="font-size: 14.0pt;"><span style="color: blue;">10. Commission structure on remittances- irrational<o:p></o:p></span></span></u></b></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="color: blue;"> The rate of exchange on remittances is @ Rs. 2/- per hundred, minimum Rs. 25/- Maximum Rs..100/- which is too high in comparison to the rate of regular Bank’s Branches which is Rs. 2/- per thousand; this is ten times high, and that too for the people who have been brought under financial inclusion who are poor and deprived of. <b><span style="font-size: 14.0pt;">This is irrational</span></b>. This only denotes that the Bank wants to curb the business of B.Cs. and nothing else, because they seem to be competitor of regular branches. <b>This is a negative view adopted by Bank, rather it should be at par and the regular branches may improve their customer service and fetch their business in a healthy manner</b>.</span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><b><u><span style="font-size: 14.0pt;"><span style="color: blue;">11. Finger Print Failure<o:p></o:p></span></span></u></b></div><div class="MsoNormal"><br />
</div><div class="MsoNormal" style="text-indent: 36.0pt;"><span style="color: blue;">Sometimes, the customers who are villagers and labourers want to withdraw amount from their account but do not succeed because their finger print do not resemble to the recorded one in the concerned account. The reason behind it, is, that labourers or farmers who work in their fields or work in dust, alkali, cement etc., their finger impressions are attrite and do not match, thus payment is denied / incomplete. There is no option left with us to do any good for them except for return them. This is against the Bank’s norms and mandate that a customer is denied payment without any reasonable cause.</span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="color: blue;">All these matters be dealt with immediately too serve the people in remote and to give a success to the Govt. scheme.</span></div><div class="MsoNormal"><br />
</div><div class="MsoNormal"><span style="color: blue;">D K SINGH</span></div><div class="MsoNormal"><span style="color: blue;"> B C</span></div><div class="MsoNormal"><span style="color: blue;">Mob, 9838222430</span></div><div class="MsoNormal"><span style="color: blue;">Email : ghayalfaizaba</span>di@gmail.com</div></div>Dinesh Kumar Singh 'Ghayal Faizabadi'http://www.blogger.com/profile/02058173791689987518noreply@blogger.com0tag:blogger.com,1999:blog-854627393340648904.post-83960774478909289022011-12-08T03:01:00.001-08:002011-12-08T03:01:58.805-08:00slide show<div dir="ltr" style="text-align: left;" trbidi="on"><br />
<div style="background: #000 url(http://tripwow.tripadvisor.com/tripwow/ta-03a6-687e-ae1d/eb/04ee095c2d/bg)0 0 no-repeat; border: none; margin: 0; padding: 0; width: 350px;"><embed allowfullscreen="true" allowscriptaccess="always" base="http://images.travelpod.com/bin/tripwow/flash/" bgcolor="#000000" flashvars="xmlPath=http%3A%2F%2Ftripwow.tripadvisor.com%2Ftripwow%2Fta-03a6-687e-ae1d%2Fbadgexml%3Feb%3D04ee095c2d%26ref%3D" height="250" name="TripWow" pluginspage="http://www.macromedia.com/go/getflashplayer" quality="high" src="http://images.travelpod.com/bin/tripwow/flash/badge.swf" type="application/x-shockwave-flash" width="350" wmode="opaque"></embed><!-- Use of this widget is subject to the terms stated here: http://tripwow.tripadvisor.com/tripwow/widget_terms.html --><div style="background: #fff; border: none; color: #999999; font-family: verdana,sans-serif; font-size: 9px; margin: 0; padding: 0; text-align: justify; width: 350px;"><a href="http://tripwow.tripadvisor.com/tripwow/ta-03a6-687e-ae1d" style="color: #cc6600;">April 18, 2011 Slideshow</a>: Dineshkumar’s trip to Akbarpur (near <a href="http://www.tripadvisor.in/Tourism-g734453-Gorakhpur_Uttar_Pradesh-Vacations.html" style="color: #cc6600;">Gorakhpur</a>), <a href="http://www.tripadvisor.in/Tourism-g297682-Uttar_Pradesh-Vacations.html" style="color: #cc6600;">Uttar Pradesh</a>, <a href="http://www.tripadvisor.in/Tourism-g293860-India-Vacations.html" style="color: #cc6600;">India</a> was created by <a href="http://www.tripadvisor.in/" style="color: #cc6600;">TripAdvisor</a>. See another <a href="http://tripwow.tripadvisor.com/slideshow/india/gorakhpur.html" style="color: #cc6600;">Gorakhpur slideshow</a>. Create a free <a href="http://tripwow.tripadvisor.com/" style="color: #cc6600;">slideshow with music</a> from your travel photos.</div></div></div>Dinesh Kumar Singh 'Ghayal Faizabadi'http://www.blogger.com/profile/02058173791689987518noreply@blogger.com0tag:blogger.com,1999:blog-854627393340648904.post-16120160388045837372011-12-08T02:57:00.001-08:002011-12-08T02:57:14.911-08:00slide show<div dir="ltr" style="text-align: left;" trbidi="on"><br />
<div style="background: #000 url(http://tripwow.tripadvisor.com/tripwow/ta-03a6-687e-ae1d/e/04ee095c2d/bg)0 0 no-repeat; border: none; margin: 0; padding: 0; width: 680px;"><embed allowfullscreen="true" allowscriptaccess="always" base="http://images.travelpod.com/bin/tripwow/flash/" bgcolor="#000000" flashvars="xmlPath=http%3A%2F%2Ftripwow.tripadvisor.com%2Ftripwow%2Fta-03a6-687e-ae1d%2Fapxml%3Fed%3D04ee095c2d%26ref%3D" height="425" name="TripWow" pluginspage="http://www.macromedia.com/go/getflashplayer" quality="high" src="http://images.travelpod.com/bin/tripwow/flash/tripwow.swf" type="application/x-shockwave-flash" width="680" wmode="opaque"></embed><!-- Use of this widget is subject to the terms stated here: http://tripwow.tripadvisor.com/tripwow/widget_terms.html --><div style="background: #fff; border: none; color: #999999; font-family: verdana,sans-serif; font-size: 9px; margin: 0; padding: 0; text-align: justify; width: 680px;"><a href="http://tripwow.tripadvisor.com/tripwow/ta-03a6-687e-ae1d" style="color: #cc6600;">April 18, 2011 Slideshow</a>: Dineshkumar’s trip to Akbarpur (near <a href="http://www.tripadvisor.in/Tourism-g734453-Gorakhpur_Uttar_Pradesh-Vacations.html" style="color: #cc6600;">Gorakhpur</a>), <a href="http://www.tripadvisor.in/Tourism-g297682-Uttar_Pradesh-Vacations.html" style="color: #cc6600;">Uttar Pradesh</a>, <a href="http://www.tripadvisor.in/Tourism-g293860-India-Vacations.html" style="color: #cc6600;">India</a> was created by <a href="http://www.tripadvisor.in/" style="color: #cc6600;">TripAdvisor</a>. See another <a href="http://tripwow.tripadvisor.com/slideshow/india/gorakhpur.html" style="color: #cc6600;">Gorakhpur slideshow</a>. Create a free <a href="http://tripwow.tripadvisor.com/" style="color: #cc6600;">slideshow with music</a> from your travel photos.</div></div></div>Dinesh Kumar Singh 'Ghayal Faizabadi'http://www.blogger.com/profile/02058173791689987518noreply@blogger.com0tag:blogger.com,1999:blog-854627393340648904.post-64970333732082002962011-04-24T03:26:00.000-07:002011-05-11T01:32:28.900-07:00BUSINESS CORRESPONDENTS ENGAGED BY SBI<div dir="ltr" style="text-align: left;" trbidi="on"><br />
<div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><u><span style="font-size: 15pt;">AN EXHAUSTIVE REPORT ON BUSINESS CORRESPONDENTS ENGAGED BY STATE BANK OF <st1:place w:st="on"><st1:country-region w:st="on">INDIA</st1:country-region></st1:place><o:p></o:p></span></u></b></div><div class="MsoNormal" style="text-align: justify;"><br />
</div><div class="MsoNormal" style="text-align: justify; text-indent: .25in;"><span style="font-size: 15pt;">The Business Correspondents engaged by State Bank of <st1:country-region w:st="on"><st1:place w:st="on">India</st1:place></st1:country-region>, hereby report the grievances / hardships / hindrances faced by them in regard to conducting kiosk banking.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><br />
</div><div class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;"><span style="font-size: 15pt;">1.<span style="font: normal normal normal 7pt/normal 'Times New Roman';"> </span></span><span style="font-size: 15pt;">The prospect customers coming even from rural area want to open joint account with their kith and kins while there is no provision in the present software. Resultantly, some of them are not interested to open accounts, which result a loss primarily to B.Cs. and ultimately to Bank. This provision may be made henceforth.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><br />
</div><div class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;"><span style="font-size: 15pt;">2.<span style="font: normal normal normal 7pt/normal 'Times New Roman';"> </span></span><span style="font-size: 15pt;">At the time of opening account, if some erroneous feeding has been made, how it will be corrected and who will correct it. <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><br />
</div><div class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;"><span style="font-size: 15pt;">3.<span style="font: normal normal normal 7pt/normal 'Times New Roman';"> </span></span><span style="font-size: 15pt;">As per Bank instructions which are prevalent at other branches of SBI, any minor aged 10 years old can open a SB A/c and operate it, but in the present Kiosk Banking system, it is not possible in case of minor less than 18 years old. Thus, many students studying in high school or intermediate colleges expecting their scholarships have been made incapable to open account in the Kiosk Banking system.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><br />
</div><div class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;"><span style="font-size: 15pt;">4.<span style="font: normal normal normal 7pt/normal 'Times New Roman';"> </span></span><span style="font-size: 15pt;">Issuance of pass book has not been allowed in the present Kiosk Banking System as per RBO Officers verbal instructions. The prospect customers of villages have no faith and do not rely on the Kiosk Banking System. They raise many questions about this and logics as to why other branches of SBI are issuing pass book and here it is not so.<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify; text-indent: .5in;"><span style="font-size: 15pt;">While in the Kiosk Banking, there is an option to choose whether, the nominee’s name will appear on the pass book or not. It reveals that there is a provision of issuing pass book to the customers. Please arrange to this facility so as we can issue pass books to them.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-size: 15pt;"> <o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;"><span style="font-size: 15pt;">5.<span style="font: normal normal normal 7pt/normal 'Times New Roman';"> </span></span><span style="font-size: 15pt;">Stationery viz. account opening forms, etc. are not being supplied by RBO sufficiently. For it, we have to make a run often to RBO causing loss of money, time and toil. The officers at RBO say that they would be able to supply the forms etc. as and when it will be made available by LHO and they also advise to use the photocopy of account opening forms. This perchance is not as per Bank’s instant instructions and also it costs / affects revenue.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><br />
</div><div class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;"><span style="font-size: 15pt;">6.<span style="font: normal normal normal 7pt/normal 'Times New Roman';"> </span></span><span style="font-size: 15pt;">B.Cs. settlement account (current account) and Commission account (Savings Bank Account) balance enquiry may be made visible to us. Because for this purpose, we will have to go to our link branch often, this is a hindrance in our working.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><br />
</div><div class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;"><span style="font-size: 15pt;">7.<span style="font: normal normal normal 7pt/normal 'Times New Roman';"> </span></span><span style="font-size: 15pt;">Balance enquiry of Kiosk Accounts and Non-kiosk accounts (without finger print) may be made available in the Kiosk Banking software, because –<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><br />
</div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;">a) In case of cash deposit at Kiosk Banking Point, into Non-kiosk accounts, no balance appears in the deposit slip generated by Kiosk and only amount deposited reflects there, while the customer wants to know / see / confirm the balance of the account in which amount has been deposited. Moreover, it is not sure whether the amount has been deposited or not.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><br />
</div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;">b) In case of Kiosk accounts- If a person deposits any amount from other branch to kiosk accounts, and wants to confirm telephonically or inditingly, KO are at loss to tell him the correct balance / position. This provision may be made for kiosk banking in the interest of public as well as them, and the Bank. Otherwise, in case of the amount being strayed, legal problems may arise in future.<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><br />
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</div><div class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;"><span style="font-size: 15pt;">8.<span style="font: normal normal normal 7pt/normal 'Times New Roman';"> </span></span><span style="font-size: 15pt;">At-least to computers connected with each one (networking)-<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><br />
</div><div class="MsoNormal" style="margin-left: .5in; text-align: justify; text-indent: .5in;"><span style="font-size: 15pt;">The prospect customers visit to the CSP at the same time for account opening, cash deposit / withdrawal etc. In such a position, only one type of transaction i.e. either account opening or deposit / withdrawal / balance enquiry is possible, resulting a heavy crowd. This will forfeit the motive of the kiosk banking. This can be avoided by connecting two computers working simultaneously. This provision may be made. <o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .25in; text-align: justify;"><span style="font-size: 15pt;"> <o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;"><span style="font-size: 15pt;">9.<span style="font: normal normal normal 7pt/normal 'Times New Roman';"> </span></span><span style="font-size: 15pt;">Cash remittance in current account is not made possible in kiosk banking at present. I may be got rectified at the appropriate level.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><br />
</div><div class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;"><span style="font-size: 15pt;">10.<span style="font: normal normal normal 7pt/normal 'Times New Roman';"> </span></span><span style="font-size: 15pt;">Training/ circular instructions etc.-<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;">Training regarding kiosk banking may be provided to the B.Cs. so that any type of errors and omissions can be avoided. The circulars instructions issued by Bank may be provided to B.Cs. directly by way of email etc. to avoid delay. However, no circular instructions are being provided to them on a regular basis. The provision thereof will ultimately be in the interest of Bank.<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><br />
</div><div class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;"><span style="font-size: 15pt;">11.<span style="font: normal normal normal 7pt/normal 'Times New Roman';"> </span></span><span style="font-size: 15pt;">The Branches as well as RBO are not co-operating us to the level to which they are expected. The link branches take a lot of time e.g. 15 to 30 days to authorize opening of accounts created by the CSPs.We propose that we should be linked to such a channel who immediately take up their matters. Their names, address, phone and email address may be made available to them.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><br />
</div><div class="MsoNormal" style="margin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-align: justify; text-indent: -.25in;"><span style="font-size: 15pt;">12.<span style="font: normal normal normal 7pt/normal 'Times New Roman';"> </span></span><span style="font-size: 15pt;">Insurance of cash holding amount and cash in-transit amount may be arranged at Bank level because the officials of companies under General Insurance Company advise them that there is no provision of insurance of cash handling conducted by individuals. This is necessary to be done by Bank and required fees for insurance may be recovered from them if applicable.<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .25in; text-align: justify;"><br />
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</div><div class="MsoNormal" style="margin-left: .25in; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><u><span style="font-size: 15pt;">COMMISSION / EXPENSES AVAILABLE TO / INCURRED BY BUSINESS CORRESPONDENTS<o:p></o:p></span></u></b></div><div class="MsoNormal" style="text-align: justify;"><br />
</div><div class="MsoNormal" style="margin-left: .25in; text-align: justify;"><span style="font-size: 15pt;"> Here is illustration of the commission admissible to B.Cs. as per extant instructions and expenses incurred by them.<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .25in; text-align: justify;"><br />
</div><div class="MsoNormal" style="margin-left: .75in; mso-list: l1 level1 lfo2; tab-stops: list .75in; text-align: justify; text-indent: -.25in;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 15pt;">A)<span style="font: normal normal normal 7pt/normal 'Times New Roman';"> </span></span></b><b style="mso-bidi-font-weight: normal;"><span style="font-size: 15pt;"> Monthly income / Commission admissible to B.Cs<o:p></o:p></span></b></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><br />
</div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;">Current instructions by SBI Commission- 2000/- p.m.<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;">A/c maintenance @ o.50 paisa per account<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><br />
</div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;">Per month supposing 2000 accounts<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;">Maintained - 1000/- p.m.<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><br />
</div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;">Annual mtce. Due to limit on customers <o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;">Account arrives at equal to - nil<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;"> <b style="mso-bidi-font-weight: normal;">TOTAL = 3000/- P.M.<o:p></o:p></b></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><br />
</div><div class="MsoNormal" style="margin-left: .75in; mso-list: l1 level1 lfo2; tab-stops: list .75in; text-align: justify; text-indent: -.25in;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 15pt;">B)<span style="font: normal normal normal 7pt/normal 'Times New Roman';"> </span></span></b><b style="mso-bidi-font-weight: normal;"><span style="font-size: 15pt;">MONTHLY EXPENSES INCURRED BY B.CS.<o:p></o:p></span></b></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><br />
</div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;">Room rent - 1000/- p.m.<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;">Electricity - 1000/- p.m.<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;">Internet Broad band BSNL rent - 3300/- p.m.<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;">Stationery / printing - 1000/- p.m.<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;">Employee (Substitute min. one) - 3600/- p.m.<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;">(@ Minimum MNREGA)<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;">Sweeper part time - 1500/- p.m.<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;">Depreciation on assets ** - 2350/- p.m.<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;">Interest on fund / cash invested *** - 790/- p.m.<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;"> __________<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;"> <b style="mso-bidi-font-weight: normal;"><u>TOTAL - 15490/- p.m.<o:p></o:p></u></b></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;"> <o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><br />
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</div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;">** Furniture /counter/table etc. - 70000/-<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;">Wiring - 10000/-<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;">Computer/printer/web cam - 31000/-<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;">Finger print scanner - 2600/-<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;">Fans 2 - 2000/-<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;">Inverter / battery - 25000/-<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;"> ________<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;"> <b style="mso-bidi-font-weight: normal;">1, 40,600/-<o:p></o:p></b></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;"> ________<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;">**Depreciation @ 20% 2350/- ________<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;">*** Cash deposit in <st1:place w:st="on"><st1:country-region w:st="on">C.A.</st1:country-region></st1:place> - 50,000/-<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;"> Cash in hand - 50,000/-<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;"> ________<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;"> <b style="mso-bidi-font-weight: normal;">1, 00,000/-<o:p></o:p></b></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;"> ________<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;">***Interest on above @ 9.5% <b style="mso-bidi-font-weight: normal;"> 790/- p.m.<o:p></o:p></b></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><span style="font-size: 15pt;"> ________<o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><br />
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</div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><u><span style="font-size: 15pt;">LOSS SUFFERED BY B.C. AS PER ABOVE (A – B) = <o:p></o:p></span></u></b></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><u><span style="font-size: 15pt;">Rs. 12490/- p.m.<o:p></o:p></span></u></b></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><br />
</div><div class="MsoNormal" style="margin-left: .5in; text-align: justify; text-indent: .5in;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 15pt;">In the above illustration the expenses have been shown at the lowest while the remuneration of B.C. has not been taken into account. This begets a heavy loss to B.C. and resultantly they will have to shut down their outlets. Moreover, in the case of new entrants also, they will face the same financial hurdle and they also will not succeed. There is no remedy except for increasing the commission to a level taking in view the above facts so that this may get success and Bank may also earn revenue from it.<o:p></o:p></span></b></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><br />
</div><div class="MsoNormal" style="margin-left: .5in; text-align: justify; text-indent: .5in;"><span style="font-size: 15pt;">In addition, the Bank and B.Cs. have entered into an agreement in which reasonable commission bases on deposits and withdrawals was devised which was 0.5%, but later the Bank has revised the commission and capped the ceilings of balances etc. resulting the B.C.s to starve. This is felt by B.C.s as a deceit. At this stage while they have invested about 200000/- it is not possible to get rid of such activity. <o:p></o:p></span></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><br />
</div><div class="MsoNormal" style="margin-left: .5in; text-align: justify; text-indent: .5in;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 15pt;">The above suggestions are from the grass root level from the B.Cs and customers and are ultimately in the interest of Bank. <o:p></o:p></span></b></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 15pt;">Hence, it may be taken up sympathetically and rationally.<o:p></o:p></span></b></div><div class="MsoNormal" style="margin-left: .5in; text-align: justify;"><br />
</div></div>Dinesh Kumar Singh 'Ghayal Faizabadi'http://www.blogger.com/profile/02058173791689987518noreply@blogger.com0tag:blogger.com,1999:blog-854627393340648904.post-844383401798574102011-04-24T03:07:00.001-07:002011-05-11T01:32:51.145-07:00SBI BUSINESS CORRESPONDENTS<div dir="ltr" style="text-align: left;" trbidi="on"><br />
</div>Dinesh Kumar Singh 'Ghayal Faizabadi'http://www.blogger.com/profile/02058173791689987518noreply@blogger.com0