Can I start mini banking from my office

I read your blogs. They are very much knowledgeable. Thanks for writing these blogs. I want to know that how can I start mini banking in my office, where I can give services like deposit, withdrawal, money transfer to other bank account, passbook printing etc. please guide me where should I apply?

Aug 9, 2017 by Pawan Kumar, | General

You cannot provide banking services from your office unless you are from a rural area where there are no bank branches. If you are residing in a rural area, you can contact nationalized banks who appoint banking / business correspondent to provide banking services to the un-banked rural masses. Please refer this link http://www.indianeconomy.net/splclassroom...

With regards to money transfer, you can contact this company https://india.westernunion.com/WUCOMWEB... to take their agency.

For providing deposit / investment services, you can contact a mutual fund company in your area who train agents and help obtain a AMFI certification which is a mandatory requirement for distributing mutual funds in India.

In case you need further information on the above do write to us again.

Thanks for the kind words and glad to hear that you found our blogs knowledgeable.

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