Reports

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March 31, 2020

Letter regarding Support in functioning of Business Correspondents (BCs)/Bank Mitras  Implementing Government Schemes viz PMJDY and Direct Benefit Transfers of Government to Citizens sent to Shri Kundan Kumar, District Magistrate, West Champaran, Bettiah, Bihar & District Magistrate of other states.

Letter regarding Safeguard the livelihood of PMJDY Business Correspondents(BCs) Bank Mitras, the frontline soldiers of inclusive finance and banking for rural and under-served India sent to Dr Harsh Kumar Bhanwala, Chairperson, NABARD.

March 30, 2020

Letter regarding Safeguard the livelihood of Business Correspondents (BCs) ensuring Financial Inclusion and banking in rural and under-served India sent to Mr Sandeep Bakhshi, MD & CEO, ICICI Bank & other Private Sector Banks.

March 27, 2020

Letter regarding Support in functioning of Business Correspondents (BCs)/Bank Mitras  Implementing Government Schemes viz PMJDY and Direct Benefit Transfers of Government to Citizens sent to Shri Ajoy Mehta, Chief Secretary, Government of Maharashtra & Chief Secretary of other states.

Letter regarding Safeguard the livelihood of PMJDY Bank Mitras, the frontline soldiers of inclusive finance and banking for rural and under-served India sent to Shri Rajnish Kumar, Chairman, SBI and other Public Sector Banks.

March 26, 2020

Letter regarding Life and Health Insurance Cover for Business Correspondents (BCs)/Bank Mitras Implementing Government Schemes viz PMJDY sent to Shri Debasish Panda, Secretary (FS), DFS.

March 25, 2020

Letter regarding safeguard the providers of banking as essential services by Business Correspondents (BCs)/Bank Mitras while Implementing Government Schemes viz PMJDY and awareness for COVID – 19 sent to Dr Ajay Bhushan Pandey, Finance Secretary, DFS, Shri Debasish Panda, Secretary (FS), DFS, Shri Shaktikanta Das, Governor, RBI.

March 24, 2020

Letter regarding continuation of Banking services through Business Correspondents Agents of the Banks & Disruption on account of Covid -19 – Physical movement of Staff / employees of Banks, RBI, NPCI and Cash Logistics Companies sent to Shri Shaktikanta Das, Governor, RBI, Shri Madnesh Kumar Mishra, Joint Secretary, DFS, Shri Gopal Baglay, Joint Secretary, PMO.

March 2, 2020

Letter regarding Single GST Registration for stakeholders of the PMJDY Program sent to Dr Ajay Bhushan Pandey, IAS, DOR, Ministry of Finance.

November 25, 2019

DFS Letter regarding Exemption from TDS (Section 194N) for Business Correspondent Agents.

November 15, 2019

RBI Letter regarding Exemption from TDS (Section 194N) for Business Correspondent Agents.

October 18, 2019

Letter regarding Exemption from TDS (Section 194N) for Business Correspondent Agents sent to Shri Pramod Chandra Mody, IRS, Chairman, Central Board of Direct Taxes (CBDT).

October 17, 2019

Letter regarding Exemption from TDS (Section 194N) for Business Correspondent Agents sent to Dr Bhushan Kumar Sinha, IES,  Joint Secretary, DFS.

October 4, 2019

Letter regarding Standard Policy for Micro-ATM Transactions sent to Shri Dilip Asbe, NPCI.

September 23, 2019

Letter regarding implementation of TDS exemption proviso (iii) of Sec 194N of Income Tax Act on Business Correspondents for AePS services & Daily Settlements sent to Shri Dilip Asbe, NPCI.

RBI letter dated September 23, 2019 regarding exemption of TDS on Business Correspondents for cash withdrawn.

September 19, 2019

RBI letter dated September 19, 2019 regarding Inclusion of and Access to BCFI in BC Registry.

September 3, 2019

Letter regarding establishing a process for TDS Exemption on Business Correspondents for cash withdrawal sent to Shri G.P Borah, CGM, RBI & copy to Shri Dilip Asbe, NPCI.

August 9, 2019

Letter regarding Inclusion of and Access to BCFI in BC Registry sent to Shri Gautam Prasad Borah,CGM, RBI.

Letter regarding Skilling & Certification of Business Correspondents (BCs) sent to  Shri Gautam Prasad Borah, CGM, RBI.

Letter regarding Approval of BCFI as Self-Regulating Organization (SRO) for BCs  sent to Shri Gautam Prasad Borah, CGM, RBI.

July 19, 2019

EPFO Issue: Reply from Department of Financial Services (DFS).

July 17, 2019

Letter regarding Skilling & Certification of Business Correspondents (BCs) in partnership with BFSI Sector Skill Council (BFSISSC) to Smt Sureka Marandi, Executive Director, RBI.

Letter regarding Skilling & Certification of Business Correspondents (BCs) in partnership with BFSI Sector Skill Council (BFSISSC) to Shri M K Jain, Dy Governor, RBI.

May 28, 2019

Letter regarding “Exemption of GST or Levy GST at 5% on The Services of Business Correspondents (BCs) in Urban Areas in Order to Accelerate Promoting Financial Inclusion and Digital Payments sent to Dr Bhushan Kumar Sinha, Joint Secretary, DFS.

Letter regarding “Exemption of GST or Levy GST at 5% on The Services of Business Correspondents (BCs) in Urban Areas in Order to Accelerate Promoting Financial Inclusion and Digital Payments sent to Shri Brajendra Navnit, Joint Secretary, PMO.

Letter regarding “Exemption of GST or Levy GST at 5% on The Services of Business Correspondents (BCs) in Urban Areas in Order to Accelerate Promoting Financial Inclusion and Digital Payments sent to Dr Ajay Bhushan Pandey, Revenue Secretary, Ministry of Finance.

White paper regarding “Exemption of GST or Levy GST at 5% on The Services of Business Correspondents (BCs) in Urban Areas in Order to Accelerate Promoting Financial Inclusion and Digital Payments sent to  Shri Brajendra Navnit, Joint Secretary, PMO, Dr Ajay Bhushan Pandey, Revenue Secretary, Ministry of Finance, Dr Bhushan Kumar Sinha, Joint Secretary, DFS.

April 15, 2019

Brainstorming Session on Financial Inclusion held at DFS on April 11, 2019. Summary of Problems & Solutions submitted by BCFI to DFS.

April 11, 2019

Presentation made on “The Quatrain of Inclusion” to Department of Financial Services (DFS) on April 11, 2019 at New Delhi.