1.

Prices for Implementation:

Quoted prices as per e – tender

S. Services Cost
No. (Amount in Rs.)
1. E – KYC enrollment – per enrollment 15.00
2. Financial transactions – cost per transaction for financial
transactions and for Non-Financial transactions such as
Mini statement and Balance Inquiry no commission will
be paid. The number of transactions done in a day per 3.90
customer will be considered as one transaction only
irrespective of the numbers either withdrawal or deposit
for payment of commission).

Prices for unquoted services as per RFP

a) Fixed commission per BCA in a month

S. Services Total
No. (Amount in Rs.)
1 BCA (Business Correspondent Agent) should do
minimum 300 transactions in a month eligible for Fixed
commission. All transactions considered for fixed
commission should be financial transactions only i.e., Rs.2000.00
smart card, AEPS and ATM transactions. The number of (Rupees Two
transactions done in a day per customer will be thousand only)
considered as one transaction only irrespective of the
numbers either withdrawal or deposit for payment of
commission).

b) Commission for other services

Services Cost
Recovery of NPA
1.25% to 2% of amount recovered.
The slab rate of commission payable to BCAs towards
recovery of NPA is shown below:
Recovery of NPA Commission
S. No. NPA Amount
(in percentage)
1 Upto Rs.50,000 1.25 %
2 50,001 to 1,00,000 1.50 %
3 1,00,001 to 5,00,000 1.75 %
 4 More than 5,00,000 2.00 %
Accounts which are classified as Doubtful and Loss assets
are only eligible at present. Bank may decide on
commission for Sub – standard and standard accounts at
a later date.
0.50 % of the amount deposited for a period not less than
6 months.

The maximum commission towards canvassing of Deposit

should not exceed Rs.1,500/- per BCA per month
irrespective of amount and number of Deposit
canvassed. The total commission eligible is to be arrived
Opening Term at after considering the maximum ceiling for deposit
Deposit canvassed for the month and to be paid at the end of six
month. For pre-mature closure of deposit within 6 months,
the eligible total commission will be reworked and if it is
more than the ceiling i.e., Rs.1500/- no deduction needs
to be made. Otherwise, proportionate commission has to
be deducted after six months. No commission is eligible
for renewal of deposits and deposits of maturity of below
6 months.
Collection and 1.00% of the loan amount for all types of loans except
preliminary Agri. Jewel Loans/Jewel Loans, Loan against NSC/IVP/LIC
processing of loan policies and Shares, Loans against Deposits and loans in
applications the names of Staff members and BCA etc. The maximum
including commission towards canvassing of such loans should not
verification of exceed Rs.1,500/- per BCA per month irrespective of
information /data amount of loan canvassed and no. of accounts.
Jan Suraksha PMJJBY – Rs.30/- (Rupees Thirty Only) per enrollment.
products viz., PMSBY – Re.1/- (Rupee One Only) per enrollment.
PMJJBY and APY – Incentive – Rs.50/- per enrolment.
PMSBY and APY
Commission will be paid as per Financial transactions
Disbursement of only. If Commission/incentive is received from
Social Security Government agency 1/3rd will be shared to the BC, who
Schemes disburse the Old Age Payment/Cash Dole, etc. at the
door-step of the beneficiaries.
IOB Suraksha Rs 5/- per enrollment.