A Business Correspondent (BC) is a person or entity authorised by a bank or NBFC to offer basic banking services on their behalf. It's one of the most rewarding self-employment options in semi-urban and rural Tamil Nadu — a small setup can support a family entirely from commission income.
The BC Model Explained
The Reserve Bank of India introduced the BC framework in 2006 to extend banking to under-served areas. A BC acts as the last-mile touchpoint: cash withdrawal, deposit, small savings, remittance, insurance sales and government scheme disbursals.
What Services You Offer
- Cash withdrawal via AEPS and Micro ATM
- Money transfer (DMT) to any bank
- Aadhaar Pay merchant payments
- Small savings account opening
- BBPS bill payment
- PAN card and utility services
How Much Can You Earn?
In a village with ~500 households and no bank branch within 5km, a well-run BC point comfortably earns ₹18,000 – ₹40,000/month. Semi-urban Tamil Nadu locations often exceed ₹50,000/month.
Who Should Apply
- 10th pass minimum, comfort with a smartphone
- Age 18 – 60
- Basic accounting sense — you handle daily cash
- Local reputation — trust is your biggest asset
Setup Cost
One-time: biometric device + laptop or smartphone + branding = ₹8,000 – ₹15,000. Monthly recurring: internet + electricity + rent (if separate premises).
Application Process at YoursPay
Enquire via the BC Program page. YoursPay verifies your KYC, area viability and provides training + onboarding within 5-7 working days.
Frequently Asked Questions
Do I need a shop or can I operate from home?
Home operation is allowed for BC points, especially in rural areas. A visible signage and fixed hours help build customer trust.
Is the BC role only for rural areas?
No. BCs operate everywhere including semi-urban and urban low-income areas.
How is BC different from a Retailer ID?
A Retailer ID typically focuses on smaller transactions (recharge, bill pay). A BC has a broader mandate including account opening and insurance. YoursPay lets partners upgrade from Retailer to BC as volumes grow.
Talk to a YoursPay advisor — visit our Hasthampatti head office in Salem or call +91 98945 76238. First consultation is always free.