State bank of India BC/BF

Hello sir I want to know about BC/BF in State bank of India so here can you please give me its details ?

[Rajkumar Agarwal]

Hey as per my idea BC is Business Correspondent and BF is business facilitator and here I am giving you its details

About BC
The BC arrangement essentially means enrolling customers and enabling the transactions of the customers at the Customer Service Points (CSPs) besides sourcing various deposit and loan products for the Bank as a Business Facilitator.
The outlets of the BCs will need to undertake BC activity through any one of the different technologies adopted by the Bank. These can be Card Technology,Kiosk Banking Technology and the Cell phone messaging Technology.

About BF
The BC will need to draw up a Business Continuity Plan to ensure that the customers enrolled are served without any disruption.
The BC/ BF outlet would be subject to Inspection & Audit by Bank official/ RBI/ Other Statutory Auditor.

Exclusivity :
An outlet of a BC - called a Customer Service Point (CSP) by us should not do any business for any other bank/financial institution. We would like to have exclusivity in this regard.

Security Deposit:
In terms of Bank Policy, the BC would be required to keep security deposit equivalent to a fixed percentage of the expected business volumes of a year.