What is/are the facility /facilities the beneficiaries can get from the services of Business Correspondent (Bank Saathi) in branchless areas ?
1. It enables the beneficiaries to draw their subsidies and social security benefits in their villages. 2. It enables the beneficiaries in the rural areas to make deposits and withdrawals.
Select the correct answer using the code below:
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A.
1 only
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B.
2 only
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C.
Both 1 and 2
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D.
Neither 1 nor 2
Correct Answer:
C. Both 1 and 2
Explanation:
Banks hire retail agents known as business correspondents (BCs) to offer banking services in areas without branches or ATMs. These agents help banks deliver basic financial services affordably, playing a vital role in advancing financial inclusion.
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