Agent Banking by Sumit Johir
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Agent banking allows banks to provide limited banking services to underserved populations through engaged agents under an agency agreement. It involves agents providing services like cash deposits, withdrawals, utility bill payments, and local fund transfers on behalf of banks. The process involves branches contracting with agents who then provide services to customers. Benefits include increased access through more locations and flexible hours, while limitations are that agents cannot perform tasks like approving loans or dealing in foreign currency. In Bangladesh, 12 banks are licensed for agent banking and four have active operations, helping expand access to formal banking for the 62% of the population currently underserved.
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Agent Banking
The document discusses agent banking as a model for financial inclusion in Bangladesh. It provides background on financial exclusion, defines financial inclusion, and outlines the agent banking model. Agent banking allows banks to lower costs and improve access to services while earning more through serving more customers. The presentation notes some challenges of agent banking in Bangladesh like low transaction volumes, lack of awareness, and infrastructure issues, but emphasizes the advantages it could provide like reducing poverty and attracting businesses. It concludes that agent banking can be a new era for financial inclusion in Bangladesh and supports the country's standing as a leader in South Asia for ensuring access to financial services.
Agent Banking
An agent is a third party entity engaged by a financial institution to provide financial services on its behalf using the agent's premises. Agent banking allows customers to access services in a more familiar way than a traditional bank branch. It provides services like deposits, withdrawals, remittances, bill payments and fund transfers. Agent banking uses a branchless model to expand access in rural areas where bank branches may not be economical. It benefits customers, agents and banks. Regulations require agents to be qualified and banks to obtain approval to implement agent banking. Challenges include ensuring profitability and preventing fraud.
Agent Banking ABCs
Agent banking allows banks to provide limited banking services through engaged agents rather than bank branches, improving access to financial services for underserved populations. It has significantly increased financial inclusion in countries like Brazil, Columbia, Peru, Malaysia and Kenya. In Bangladesh, over 50 commercial banks are licensed for agent banking, which could help bridge the access gap given the large unbanked population. Agent banking regulations allow services like deposits, withdrawals, remittances and bill payments, but limit agents from activities like loan approvals. It has potential to expand access alongside MFIs and complement existing banking channels.
Agency banking
Explaining simply, what is the Agency Banking concept, its benefits and its main components, besides, to share an innovative enterprise ecosystem architecture.
Agency Banking
Short overview of Agency Banking / Correspondent Banking partnerships and a few examples of different flavours of implementation around the world.
Agent banking
Agent banking allows banks to provide limited financial services through engaged agents to underserved populations under an agency agreement. It allows banks a physical presence in rural areas and lets customers access services in a familiar way, while increasing sales from new customers. Agent banking facilitates utility payments, balance inquiries, funds transfers, small deposits and cash withdrawals, remittances, and credit/debit card applications. It provides benefits like easy access, flexible hours, and lower costs compared to traveling long distances to visit a bank branch. In Bangladesh, 12 banks are licensed for agent banking and 4 private commercial banks have started operations, helping to provide over 62% of the population without formal access to financial services.
Agent Banking in Bangladesh
This document discusses agent banking in Bangladesh. It defines agent banking as banks performing services through other entities. Requirements to open agent banking include engaging entities like NGOs, post offices, companies and educated individuals. Banks must get approval from Bangladesh Bank to start agent banking. Facilities include transactions, bill payments, and funds transfers. Advantages are easy access, security, and supporting various transactions. Agent banking has grown rapidly due to simplicity and lower costs. Challenges include agent monitoring and security issues. In the future, agent banking is expected to further financial inclusion by providing services in remote areas and reducing customer costs and travel times.
Agent Banking in Bangladesh
Agent banking is a popular financial service that allows banks to operate in remote areas through agents rather than branches. It has been very successful in increasing access to financial services in developing regions like Latin America and Africa. In Bangladesh, agent banking was introduced in 2013 to help the large portion of the population that lacks access to formal banking. It bridges the gap between people and banks by making services available in rural areas at lower costs than microfinance institutions. Banks can offer a full range of services through agents, who are connected to the bank's core platform and conduct transactions in real-time. Agent banking has grown significantly and is expected to have a presence in every district of Bangladesh by 2016. It provides an affordable alternative for serving both unbank
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Agent Banking
The document discusses agent banking as a model for financial inclusion in Bangladesh. It provides background on financial exclusion, defines financial inclusion, and outlines the agent banking model. Agent banking allows banks to lower costs and improve access to services while earning more through serving more customers. The presentation notes some challenges of agent banking in Bangladesh like low transaction volumes, lack of awareness, and infrastructure issues, but emphasizes the advantages it could provide like reducing poverty and attracting businesses. It concludes that agent banking can be a new era for financial inclusion in Bangladesh and supports the country's standing as a leader in South Asia for ensuring access to financial services.
Agent Banking
An agent is a third party entity engaged by a financial institution to provide financial services on its behalf using the agent's premises. Agent banking allows customers to access services in a more familiar way than a traditional bank branch. It provides services like deposits, withdrawals, remittances, bill payments and fund transfers. Agent banking uses a branchless model to expand access in rural areas where bank branches may not be economical. It benefits customers, agents and banks. Regulations require agents to be qualified and banks to obtain approval to implement agent banking. Challenges include ensuring profitability and preventing fraud.
Agent Banking ABCs
Agent banking allows banks to provide limited banking services through engaged agents rather than bank branches, improving access to financial services for underserved populations. It has significantly increased financial inclusion in countries like Brazil, Columbia, Peru, Malaysia and Kenya. In Bangladesh, over 50 commercial banks are licensed for agent banking, which could help bridge the access gap given the large unbanked population. Agent banking regulations allow services like deposits, withdrawals, remittances and bill payments, but limit agents from activities like loan approvals. It has potential to expand access alongside MFIs and complement existing banking channels.
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Explaining simply, what is the Agency Banking concept, its benefits and its main components, besides, to share an innovative enterprise ecosystem architecture.
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Agent banking allows banks to provide limited financial services through engaged agents to underserved populations under an agency agreement. It allows banks a physical presence in rural areas and lets customers access services in a familiar way, while increasing sales from new customers. Agent banking facilitates utility payments, balance inquiries, funds transfers, small deposits and cash withdrawals, remittances, and credit/debit card applications. It provides benefits like easy access, flexible hours, and lower costs compared to traveling long distances to visit a bank branch. In Bangladesh, 12 banks are licensed for agent banking and 4 private commercial banks have started operations, helping to provide over 62% of the population without formal access to financial services.
Agent Banking in Bangladesh
This document discusses agent banking in Bangladesh. It defines agent banking as banks performing services through other entities. Requirements to open agent banking include engaging entities like NGOs, post offices, companies and educated individuals. Banks must get approval from Bangladesh Bank to start agent banking. Facilities include transactions, bill payments, and funds transfers. Advantages are easy access, security, and supporting various transactions. Agent banking has grown rapidly due to simplicity and lower costs. Challenges include agent monitoring and security issues. In the future, agent banking is expected to further financial inclusion by providing services in remote areas and reducing customer costs and travel times.
Agent Banking in Bangladesh
Agent banking is a popular financial service that allows banks to operate in remote areas through agents rather than branches. It has been very successful in increasing access to financial services in developing regions like Latin America and Africa. In Bangladesh, agent banking was introduced in 2013 to help the large portion of the population that lacks access to formal banking. It bridges the gap between people and banks by making services available in rural areas at lower costs than microfinance institutions. Banks can offer a full range of services through agents, who are connected to the bank's core platform and conduct transactions in real-time. Agent banking has grown significantly and is expected to have a presence in every district of Bangladesh by 2016. It provides an affordable alternative for serving both unbank
MODULE 1, CASA LEAD GERNERATION.ppt
This document provides information about identifying clients and marketing strategies for CASA (current account and savings account) banking products. It discusses:
- The importance of banks and their roles in collecting deposits and providing credit.
- What CASA accounts are and how they combine features of savings and checking accounts.
- Methods for generating leads and sourcing prospective clients, including telemarketing, branch visits, referrals, and direct sales agents.
- The process for opening CASA accounts once a lead is generated.
- Marketing strategies banks use, such as promoting through branches and a dedicated sales team using materials like pamphlets and advertisements.
- Guidelines for direct sales agents in lead generation and conducting sales
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I completed a Seminar project.
My research is based on Seconday data.
I did a thoroughly research on the awareness of E-banking services amongst indian customers.
The objectives of my research are:
1) To study about the role, need, types, frauds, impact of Internet banking on banks, customers and society, various frauds and ways to overcome them in internet banking, services offered by internet banking and its benefit to the customers and banks.
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Digitalization of banking refers to conducting its existing operations and developing new functions connecting to Banking through Digital Mediums. The presentation has attempted to explore the Digitalization process in Banking industry that took place from the date of independence to till 2018. The presentation invites any constructive criticism or remarks for future improvement.
Mobile financial services and agent banking in Bangladesh
This presentation introduces mobile financial services and agent banking in Bangladesh. It provides an overview of mobile financial services, including common transactions like money transfers, bill payments, and savings accounts. The presentation notes that mobile financial services are still developing in Bangladesh but growing rapidly, with over 800,000 agents and hundreds of millions of transactions annually. It also outlines opportunities for innovation and challenges around fraud and security issues. Finally, the presentation defines agent banking, where local shop owners conduct banking transactions on behalf of banks, and discusses both the opportunities and challenges of agent banking in Bangladesh.
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Banks operate through branches that are managed locally by a branch manager. A branch provides various services to customers like account opening, deposits, withdrawals, loans, and more. Key roles at a branch include the branch manager, assistant manager, relationship manager, tellers, loan officers, and customer service officers. The branch has different sections like customer seating areas, cash counters, an ATM, and more. Modern branches also use digital displays and machines to make transactions more efficient.
Micro finance
Microfinance involves providing financial services like loans, savings, insurance to low-income individuals. It began in the 1970s when Muhammad Yunus started the Grameen Bank in Bangladesh. Microfinance institutions provide these services through organizations like non-profits and credit unions. They target small business owners, farmers, and traders without access to traditional banks. While microfinance helps reduce poverty, issues still exist like unregulated high interest rates and costs, and many poor people relying on informal lenders. The Indian government and organizations are working to expand access to microfinance and address weaknesses in the system.
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The document summarizes the evolution of the Indian banking sector from the pre-1950 period to the present day. It discusses the foundational phase in the 1950s-1970s, the expansion phase in the 1970s-1980s following nationalization, the consolidation phase of the 1980s-1990s, and the ongoing reformatory phase since liberalization. It outlines the performance improvements seen in the sector as well as ongoing challenges around infrastructure, technology, skills, and competition in a changing market. Overall the banking sector has strengthened but continues transforming to meet new demands.
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MODULE 1, CASA LEAD GERNERATION.ppt
This document provides information about identifying clients and marketing strategies for CASA (current account and savings account) banking products. It discusses:
- The importance of banks and their roles in collecting deposits and providing credit.
- What CASA accounts are and how they combine features of savings and checking accounts.
- Methods for generating leads and sourcing prospective clients, including telemarketing, branch visits, referrals, and direct sales agents.
- The process for opening CASA accounts once a lead is generated.
- Marketing strategies banks use, such as promoting through branches and a dedicated sales team using materials like pamphlets and advertisements.
- Guidelines for direct sales agents in lead generation and conducting sales
E- Banking Research Report
I completed a Seminar project.
My research is based on Seconday data.
I did a thoroughly research on the awareness of E-banking services amongst indian customers.
The objectives of my research are:
1) To study about the role, need, types, frauds, impact of Internet banking on banks, customers and society, various frauds and ways to overcome them in internet banking, services offered by internet banking and its benefit to the customers and banks.
2) To study about the future perspective and awareness of internet banking among Indian customers and ways to increase awareness among the customers.
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Financial inclusion aims to provide affordable banking services to disadvantaged and low-income groups through access to financial products and services like savings, loans, and insurance. It is important for creating savings habits, providing formal credit, and ensuring public subsidies reach the poor. The RBI has taken steps like no-frills accounts, business correspondents, and EBT to support financial inclusion. While opportunities include balanced growth and increased financial strength for banks and individuals, challenges include the spatial distribution of services, overcoming poverty levels, and bankers' aversion to inclusion. Financial inclusion can alleviate poverty and support gradual economic development in India.
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Digitalization of banking refers to conducting its existing operations and developing new functions connecting to Banking through Digital Mediums. The presentation has attempted to explore the Digitalization process in Banking industry that took place from the date of independence to till 2018. The presentation invites any constructive criticism or remarks for future improvement.
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Core banking
This document provides an overview of core banking presented by P.R. Kulkarni, Managing Director of Fluent Consultants Pvt. Ltd. It defines core banking as connecting branch computers to a central computer at a data center to record all branch transactions in real-time at a single location. The document outlines numerous advantages of core banking for banks, customers, branches and various bank departments. It also discusses components, software selection, hardware selection, data center requirements, connectivity, security considerations, costs and risks of implementing a core banking system.
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This document discusses types of bank customers and Know Your Customer (KYC) procedures. It defines a bank customer as someone who has an account with a bank branch. Anyone can open an account by providing valid KYC documents like photo ID and address proof. Banks must follow KYC policies regarding customer acceptance, identification, transaction monitoring, and risk management. The document also outlines different types of individual customers like single or joint accounts, and non-individual customers like HUFs, companies, trusts and societies.
Branch Banking (Structure)
Banks operate through branches that are managed locally by a branch manager. A branch provides various services to customers like account opening, deposits, withdrawals, loans, and more. Key roles at a branch include the branch manager, assistant manager, relationship manager, tellers, loan officers, and customer service officers. The branch has different sections like customer seating areas, cash counters, an ATM, and more. Modern branches also use digital displays and machines to make transactions more efficient.
Micro finance
Microfinance involves providing financial services like loans, savings, insurance to low-income individuals. It began in the 1970s when Muhammad Yunus started the Grameen Bank in Bangladesh. Microfinance institutions provide these services through organizations like non-profits and credit unions. They target small business owners, farmers, and traders without access to traditional banks. While microfinance helps reduce poverty, issues still exist like unregulated high interest rates and costs, and many poor people relying on informal lenders. The Indian government and organizations are working to expand access to microfinance and address weaknesses in the system.
microfinance institutions in developed and developing economies
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The document summarizes the evolution of the Indian banking sector from the pre-1950 period to the present day. It discusses the foundational phase in the 1950s-1970s, the expansion phase in the 1970s-1980s following nationalization, the consolidation phase of the 1980s-1990s, and the ongoing reformatory phase since liberalization. It outlines the performance improvements seen in the sector as well as ongoing challenges around infrastructure, technology, skills, and competition in a changing market. Overall the banking sector has strengthened but continues transforming to meet new demands.
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The document provides an internship report on the general banking activities of Southeast Bank Limited. It discusses the bank's organization overview including its mission, vision, and objectives. It also analyzes the bank's strengths, weaknesses, opportunities, and threats through a SWOT analysis. The report describes the bank's general banking functions like account opening, cash receipt/payment, clearing activities. It finds that while the bank has experienced employees and cooperative environment, it lacks manpower, computer knowledge, and training. It provides recommendations like expanding online banking, increasing manpower and marketing to attract more customers.
Report On Micro Finance
This project report provides a critical analysis of microfinance in India. It begins with an introduction that defines microfinance and outlines the various actors and regulatory environment involved. It then discusses the growth and models of microfinance in India, focusing on self-help groups and analyzing examples like ICICI Bank, Bandhan, Grameen Bank and SKS Microfinance. The report also examines the marketing of microfinance products, success factors, and issues facing the industry in India. Overall, the report provides a comprehensive overview of the microfinance landscape in India through analyzing historical development, current practices and challenges.
Microfinance
This document provides an overview of microfinance in India. It discusses the history and evolution of microfinance, including pioneering organizations like Grameen Bank. It describes the different elements of microfinance like microcredit, microsavings, and microinsurance. It analyzes the various types of organizations that provide microfinance in India, including formal sector banks, semi-formal MFIs, and informal moneylenders. It also examines the growth of the sector, challenges faced, the role of microfinance for women, and its impact in alleviating poverty.
Final study of internet banking in india
This document discusses the introduction and growth of internet banking. It begins with an overview of information technology and how technological developments led to the evolution of internet banking. It describes how information technology transformed the banking sector by allowing banks to offer new digital services and connect with customers remotely through online and mobile banking. The document then discusses some of the key benefits that technology provided banks, such as increased productivity, cost efficiencies, and the ability to develop customized products and services for different customer segments. Finally, it explains how information technology freed banks from physical branch constraints and created new opportunities to build closer relationships with customers.
Financial Inclusion in India
The document discusses financial exclusion in India, where nearly half the population is unbanked and lacks access to basic financial services. It outlines various barriers that contribute to financial exclusion, including low income, lack of assets or savings, and geographical remoteness. The definition of financial inclusion promoted by the Rangarajan Committee is discussed as ensuring access to appropriate and affordable financial products and services for vulnerable groups. Government and banks have taken steps to promote inclusion through no-frills accounts, business correspondent models, self-help groups, and financial literacy programs. However, challenges remain around high transaction costs, limiting business models, and lack of involvement from large technology players.
Presentation on Loan Management System
This document outlines a loan management system created by Raksha Paudel. The system was created for Grahak Upayog Saving and Credit Co-operative Limited to help manage their loan application and customer data. Previously, the organization's processes were manual, time-consuming and error-prone. The new system allows customers to apply for loans online and check their loan profiles. It aims to reduce manual work, protect data by limiting access, and provide an online service for customers. The system was created using tools like Xampp server, PHP, HTML, JavaScript, CSS and Bootstrap. It allows most work to be done digitally, sends emails to customers, and secures data by restricting access to authorized users only
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This is a sample business studies project for class 11 cbse from the topic aids to trade i hope this project helps you to finish your project
Chapter 5 2022.pdf
This document provides information about various banking services and international banking services. It discusses payment services including checks, credit transfers, standing orders, direct debits, and plastic cards. It also covers deposit and lending services, investment and insurance services, e-banking, and correspondent banking, representative offices, branches, agencies, and subsidiaries for entering foreign markets. International banking services offered include money transmission, credit facilities, trade finance through letters of credit, forfaiting, and countertrade.
Products and Services of commercial Banks
This presentation is all about the products and services of commercial Banks i.e Bank Alfalah Limited,HBL and Meezan Bank.
Analysis of Casa Ratio of IDBI Bank, Sitabuldi Branch Nagpur
The document analyzes the CASA (current and savings account) ratio of IDBI Bank's Sitabuldi, Nagpur branch and provides solutions to increase it. It finds that the branch's CASA ratio was below targets. To improve this, the document suggests increasing savings and current accounts through expanding the branch network, installing more ATMs and cash deposit machines, focusing on high-value customers, and providing better services. It conducted a survey that found customers were generally satisfied with IDBI Bank but had some problems with non-home branch services. The document concludes that improving innovation, customer service and retention can help IDBI Bank increase its CASA ratio going forward.
DBBL Mobile Bankingc
This presentation summarizes Dutch Bangla Bank Limited's mobile banking services. It introduces DBBL and its establishment in 1995. It then defines mobile banking and explains how DBBL was the first bank in Bangladesh to launch such services in 2011, with the aim of increasing financial inclusion. The presentation outlines the key features and benefits of DBBL mobile banking, including cash deposits, withdrawals, funds transfers, bill payments, and salary disbursements.
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Uttara Bank Limited is one of the largest and oldest private commercial banks in Bangladesh. It has over 220 branches in Bangladesh and 600 affiliates worldwide. The document outlines Uttara Bank's objectives, goals, vision and mission which center around serving customers, the economy, and the country. It also describes the key functions of Uttara Bank's general banking department including account opening, deposits, checks, remittances, cash operations, and clearing processes. In conclusion, the document notes Uttara Bank's strong reputation and leadership in the Bangladeshi banking sector due to its large network, experienced staff, and introduction of new products and services.
CUSTOMER SATISFACTION.pptx
Digital banking refers to offering banking services through digital platforms without physical paperwork or branch visits. It involves digitizing all banking operations and substituting physical bank presence with an online presence. Digital banking provides many benefits like convenience of 24/7 banking, paperless banking, automatic bill payments, and integration with online shopping. Common digital banking services include internet banking, mobile banking, UPI payments, banking cards, mobile wallets, and POS terminals. While digital banking provides convenience, some users remain unsatisfied with certain digital banking services or have security concerns. The future of digital banking in India involves further customization, integration with other financial services, and addressing remaining security and usability issues.
Bank accounts
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customer accounts in a bank
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banking accounts in bangladesh
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cons of current account
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procedure to open an account
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current account
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pros of savings account
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pros of fixed deposit
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recurring deposit
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fixed deposit
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cons of fixed comparisondeposits
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pros of recurring deposit account
Banking Services Project MSK12.pptx
The document provides an overview of various banking services including:
1. Advancing loans - Banks provide short, medium, and long term loans to customers and generate interest as profit.
2. Discounting bills of exchange - Banks pay the value of a bill of exchange to the holder after deducting commission, and then collects payment from the accepting party when the bill matures.
3. Foreign currency exchange - Banks exchange foreign currencies for local currencies to facilitate international trade payments.
4. Consultancy - Banks hire financial, legal, and market experts to advise customers on investments, taxes, and more.
5. Credit/debit cards - Credit cards allow purchases on credit while debit cards withdraw funds
Ppt dr. damji b h commercial banking
Commercial banks accept deposits from customers and use those deposits to offer various loan and financial products to businesses. The key functions of commercial banks include accepting deposits, advancing loans, investment services, and transferring funds. Modern functions have expanded to include online banking services, debit/credit cards, ATMs, and electronic funds transfers. When commercial banks lend out money, they create new deposits in the economy through the process of credit creation, subject to reserve requirements and other limitations set by the central bank.
Unit_6_Banking_Products.pptx
This document discusses various types of banking products and services offered by banks. It covers wholesale banking, international banking, retail banking, and specific retail products. Wholesale banking refers to banking services for large corporations and includes loans, trade finance, and advisory services. International banking involves facilitating cross-border transactions through foreign exchange, letters of credit, and treasury management. Retail banking targets individual customers through deposit accounts, loans for homes, vehicles, education, and credit cards. Specific retail loan products like home loans, personal loans, and their terms are also outlined.
Indian finanacial Market
The document discusses the traditional banking system in India and how it has evolved with technological advances. It covers functions of banks like accepting deposits and lending loans. It also describes various banking services that are now offered digitally like mobile banking, internet banking, ATMs, credit/debit cards which allow banking anytime anywhere. The reforms and use of technology have dramatically changed banks' functioning and increased customer relationships.
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Analysis of Casa Ratio of IDBI Bank, Sitabuldi Branch Nagpur
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Sumit Johir is a graphic design trainer with over 10 years of experience mentoring over 200 students. He currently works as a graphic design trainer at Basa Foundation and has previous experience as a creative designer and trainer at CODEMANBD. He holds professional certifications in graphic design, digital marketing, and WordPress design. Sumit is proficient in Bangla, English, Microsoft Office, Google Workspace, video editing software, and website development platforms such as WordPress. He maintains online portfolios on Fiverr, Behance, Dribbble, Shutterstock, CreativeFabrica, and Vectezzy. Sumit is currently pursuing his MBA in human resource management at Daffodil International University
Resume of sumit Johir
Sumit Johir is seeking a position as an SEO or SEM Executive. He has a Bachelor's Degree in Human Resource Management from Daffodil International University with a CGPA of 3.5. He has certifications in digital marketing and graphic design. Johir has experience as a creative designer, WordPress developer, and digital marketing executive. He is proficient in English, Bangla, Microsoft Office, graphic and video editing software, and digital marketing and web development skills.
Meaning of Color || Graphic Design || Sumit Johir
Iam SUMIT JOHIR. Web Developer with over 3 years of experience specializing in Wordpress development.
Experienced with all stages of the development cycle for dynamic web projects.
Having an in-depth knowledge including advanced HTML,CSS,JavaScript,JQuery,PHP,Laravel ,MySql,Wordpress
Contact:
Mail: Sumitjohir66@gmail.com
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Long Term Financing
Long term financing involves raising funds for periods of 7 years or more, typically to finance fixed assets or permanent working capital needs. Common sources of long term financing include equity such as common stock or preferred stock, as well as debt instruments like bonds or bank loans. The costs of these various long term financing options must be calculated, taking into account factors like interest rates, dividend yields, maturity periods, tax rates, and flotation costs. The appropriate price or value is then determined for equity and debt instruments based on these cost of capital calculations and future cash flow expectations.
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Agent Banking by Sumit Johir
- 1. 1 PRESENTED BY : SUMIT JOHIR Web : www.sumitjohir.com Email : Sumitjohir66@gmail.com
- 2. 2 Definition of Agent Banking Agent Banking means providing limited Scale banking And financial services to the underserved Population through engaged agents under a valid agency agreement
- 3. 3 Agent Banking Deposit Cash Cash Withdrawal Utility Bill Payment Local Fund Transfer Purpose of Agent Banking
- 6. 6 Services of Agent Bank • Collection of small value cash deposits and cash • Inward foreign remittance disbursement; • Facilitating utility bill payment • Balance inquiry; Statement inquiry • Loan application, credit and debit card application from public; • ATM Withdrawal • Fund transfer (P2P, (P2B), (B2P), (P2G, (G2P), (B2G), (G2B) • And also many more services
- 7. 7 Benefits Of Agent Banking Easy of Access With bank agents almost everywhere, you will no longer need to travel long distances to visit your bank. Your nearest retail shop could be operating as an agent Flexible hours Most banks close their doors by 4pm, but with bank agents, for as long as the business premise remains open, you can do your transactions. This will prove to be very convenient especially for people who are busy during the day. Cost-Effective Transacting through bank agents will be cost-effective especially to people who live in rural areas that are far away from banks
- 8. 8 Limitation of Agent Banking • Giving final approval of opening of bank accounts and issuance of bank cards/ cheque • Dealing with loan/ financial appraisal • Encashment of cheque and • Dealing in Foreign currency.
- 9. 9 Agent Banking Scenario in Bangladesh More than 62% of the population still lacks access to the formal financial service. Agent banking is comparatively a new idea that can help the formal banking sector reach out to the marginalized people through their agents. In Bangladesh, 12 banks are licensed to provide agent banking, although there are currently two market leaders actively engaged in expansion Bangladesh Bank, the Central Bank of Bangladesh, has issued licenses to four private commercial banks for running agent banking operations- • Bank Asia • Dutch-Bangla Bank • South-Bangla Agriculture • Commerce Bank & NRB Bank
- 10. 10
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