Hey there! Have you heard about the Airtel BC Agent Registration for 2023? In this article, we’ll be discussing the Airtel Payment Bank and how you can become a registered Airtel BC agent. The video provided by Youth Skill will give you information on the commission chart for retailers and guide you through the process of registering as an Airtel BC point. If you’re looking to start a banking service alongside your shop or cyber cafe, this article is for you! Stay tuned for all the details and benefits of becoming an Airtel BC agent.
Introduction to Airtel BC Agent Registration
Are you looking for a new opportunity to earn extra income? If so, becoming an Airtel BC agent might be the perfect option for you. Airtel Payment Bank offers a wide range of financial services, and as a BC agent, you can provide these services to your local community. In this article, we will discuss the process of Airtel BC Agent Registration, the commission rates for different services, and the benefits of becoming an Airtel BC agent.
About Airtel Payment Bank
Airtel Payment Bank is a subsidiary of Bharti Airtel Limited, one of India’s leading telecommunications companies. It is licensed by the Reserve Bank of India to operate as a payments bank, offering services such as savings accounts, money transfer, utility bill payments, insurance policies, and more. Airtel Payment Bank aims to provide accessible and convenient banking services to millions of Indians, especially those in rural areas.
Commission chart for retailers
As an Airtel BC agent, you will earn commissions on various services that you provide to customers. The commission rates may vary depending on the type of service. Here is a commission chart to give you an idea of the earning potential:
- Savings account opening: ₹10 to ₹100 commission
- Cash withdrawal: 0.15% commission
- PAN verification: ₹10 commission
- Utility bill payments: ₹1 commission for transactions up to ₹100
- DTH recharge: 3% commission
- Insurance policies: Varies depending on the policy
- Atal Pension Yojana: ₹20 to ₹100 commission
- PMJDY accounts: ₹1 commission per policy
- Nexa/ESJ payments: ₹20 to ₹30 commission
Benefits of becoming an Airtel BC agent
There are several benefits of becoming an Airtel BC agent. Firstly, it provides you with an opportunity to earn extra income. The commission rates for the services offered are quite attractive, and as you build a customer base, your earnings can significantly increase.
Secondly, you gain access to a wide range of services that you can offer to your customers. This includes savings account opening, cash withdrawal, utility bill payments, DTH recharge, insurance policies, and more. By offering these services, you become a one-stop solution for your customers’ financial needs.
Another advantage of becoming an Airtel BC agent is the flexibility to work from home. You can set up an Airtel BC point at your own residence, eliminating the need for a separate office space. This allows you to work at your own convenience and manage your time effectively.
By becoming an Airtel BC agent, you also have the opportunity to serve customers in your local area. This can be especially beneficial if you are familiar with the community and have existing relationships with potential customers. You can provide them with convenient and accessible banking services, earning their trust and loyalty.
One of the best aspects of becoming an Airtel BC agent is that no investment is required. You do not need to invest any capital to start your business. Airtel provides you with all the necessary tools and support to get started, making it a low-risk venture.
Lastly, Airtel offers additional commission on referrals. If you refer other individuals to become Airtel BC agents, you can earn a commission based on their performance. This provides an opportunity for you to increase your earnings even further.
Process of Airtel BC Agent Registration
If you are interested in becoming an Airtel BC agent, here is a step-by-step guide to the registration process:
Requirements for Airtel BC Agent Registration
Before you can register as an Airtel BC agent, there are a few requirements that you need to fulfill. Firstly, you need to ensure that you have a valid identity proof, such as Aadhaar card, PAN card, voter ID card, or passport. You also need to provide proof of address, which can be in the form of a driving license, ration card, or utility bill. Additionally, you need to have a mobile phone and an active SIM connection.
Steps to register as an Airtel BC point
- Visit your nearest Airtel Payment Bank distributor or contact them through their website or mobile app.
- Inform the distributor that you are interested in becoming an Airtel BC agent.
- Provide the necessary identification documents and complete the registration form.
- Pay the registration fee, if applicable. (Note: The registration fee may vary depending on your location and Airtel’s current policies.)
- Once your registration is processed and approved, you will receive the necessary credentials and training materials to become an Airtel BC agent.
Documents required for registration
To complete the registration process, you will need to provide the following documents:
- Identity proof (Aadhaar card, PAN card, voter ID card, passport)
- Proof of address (driving license, ration card, utility bill)
- Mobile phone with an active SIM connection
- Passport-size photographs
- Bank passbook or canceled cheque (for account verification)
Commission and Earnings
As an Airtel BC agent, you earn commissions on various services that you offer. Here is a breakdown of the commission rates for different services:
Commission rates for different services
- Savings account opening: ₹10 to ₹100 commission, depending on the amount deposited
- Cash withdrawal: 0.15% commission on the withdrawn amount
- PAN verification: ₹10 commission per verification
- Utility bill payments: ₹1 commission for transactions up to ₹100
- DTH recharge: 3% commission on the recharge amount
- Insurance policies: Commission varies depending on the policy
- Atal Pension Yojana: ₹20 to ₹100 commission per enrollment
- PMJDY accounts: ₹1 commission per policy
- Nexa/ESJ payments: ₹20 to ₹30 commission
Benefits of savings account opening
One of the key services offered by Airtel Payment Bank is savings account opening. By opening accounts for your customers, you not only provide them with a safe and convenient way to save their money but also earn a commission in the process. The commission rates for savings account opening can range from ₹10 to ₹100, depending on the amount deposited. This can be a significant source of income for you as an Airtel BC agent.
Commission on cash withdrawal
As an Airtel BC agent, you can provide cash withdrawal services to your customers. For every cash withdrawal transaction, you earn a commission of 0.15% on the withdrawn amount. This can be a lucrative service to offer, especially in areas where access to ATMs or bank branches is limited.
Commission on PAN verification
Airtel BC agents also have the opportunity to earn a commission by verifying PAN cards. For every PAN verification transaction, you earn a commission of ₹10. This can be a quick and easy service to provide, especially if you have customers who require PAN verification for various financial transactions.
Commission on utility bill payments
Another service that Airtel BC agents can offer is utility bill payments. For every utility bill payment transaction, you earn a commission of ₹1 for transactions up to ₹100. This can be a great opportunity to earn extra income, especially if you have customers who regularly need to pay their utility bills.
Commission on DTH recharge
DTH recharge is another popular service that Airtel BC agents can provide. For every DTH recharge transaction, you earn a commission of 3% on the recharge amount. This can be a significant source of income, especially if you have customers who rely on DTH services for their entertainment needs.
Commission on insurance policies
Airtel Payment Bank offers various insurance policies, and as an Airtel BC agent, you can earn a commission by selling these policies. The commission for insurance policies varies depending on the type of policy. This can be a lucrative service to offer, especially if you have customers who are looking for insurance coverage.
Commission on Atal Pension Yojana
Atal Pension Yojana is a government-backed pension scheme, and as an Airtel BC agent, you can help enroll customers in this scheme. For every enrollment in Atal Pension Yojana, you earn a commission ranging from ₹20 to ₹100, depending on the contribution made by the customer. This can be a great opportunity to earn extra income while helping your customers secure their future.
Commission on PMJDY accounts
Pradhan Mantri Jan Dhan Yojana (PMJDY) is a government initiative to provide banking services to all. As an Airtel BC agent, you can earn a commission for opening PMJDY accounts. For every account opened, you earn a commission of ₹1. This can be a rewarding service to offer, especially if you have customers who are looking for a basic banking solution.
Commission on Nexa/ESJ payments
Airtel Payment Bank also enables you to offer Nexa/ESJ payments, which are payments made to certain companies and organizations. For every Nexa/ESJ payment transaction, you earn a commission ranging from ₹20 to ₹30. This can be a lucrative service to offer, especially if you have customers who regularly need to make payments to these organizations.
Setting up an Airtel BC Point
Once you have completed the Airtel BC Agent Registration process, you can start setting up your Airtel BC point. Here are the various options for setting up an Airtel BC point:
Options for setting up an Airtel BC point
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Home-based setup: You can set up an Airtel BC point at your own residence, eliminating the need for a separate office space. This option provides you with the flexibility to work from home and manage your business at your convenience.
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Tie-up with a distributor: Another option is to get a tie-up with a distributor. This allows you to operate from their location and leverage their infrastructure and network.
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Mobile setup: If you prefer a more flexible option, you can set up a mobile Airtel BC point. This involves carrying a mobile device equipped with the necessary apps and tools to provide banking services on the go. This option is especially useful for serving customers in rural areas or areas with limited access to banking services.
Steps to set up an Airtel BC point at home
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Choose a dedicated space in your home that can serve as your Airtel BC point. This can be a small room or a corner of a room, depending on the available space.
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Set up a computer or a laptop with internet connectivity. This will be your main tool for performing banking transactions and managing customer accounts.
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Install the necessary software and apps provided by Airtel Payment Bank. These tools will enable you to provide banking services to your customers and manage transactions securely.
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Set up a comfortable seating arrangement for customers who visit your Airtel BC point. Ensure that the area is well-lit and has a professional appearance.
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Display the necessary signage and branding materials provided by Airtel Payment Bank. This will help customers identify your Airtel BC point and create awareness about the services you offer.
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Ensure that you have all the required equipment, such as a printer for generating receipts, a scanner for verifying documents, and a secure storage facility for customers’ documents.
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Familiarize yourself with the Airtel BC point operations and the various services you can offer. This will ensure that you can assist your customers effectively and provide them with a seamless banking experience.
Getting a tie-up with a distributor
If you choose to get a tie-up with a distributor, you need to approach them and express your interest in becoming an Airtel BC agent. The distributor will guide you through the process and provide you with the necessary support and resources to set up your Airtel BC point.
Downloading the Til Mitra app
To facilitate banking transactions and manage your Airtel BC point activities, you can download the Til Mitra app. This app provides a user-friendly interface that allows you to perform various banking tasks, such as opening accounts, processing transactions, and managing customer details.
Verifying retailer and location
As an Airtel BC agent, you will be required to verify the retailer and location details where you plan to set up your Airtel BC point. This ensures that the location is suitable and complies with Airtel’s guidelines for operating a BC point.
Completing the registration process
Once you have set up your Airtel BC point, you need to complete the registration process with Airtel Payment Bank. This involves submitting the necessary documents and undergoing a verification process. Once your registration is complete, you will receive your agent credentials and can start providing banking services to your customers.
Benefits of Airtel BC Agent Registration
Becoming an Airtel BC agent offers numerous benefits and opportunities. Let’s explore some of the key advantages:
Opportunity to earn extra income
One of the most significant benefits of becoming an Airtel BC agent is the opportunity to earn extra income. The commission rates for the services you provide are quite attractive, and as you build a customer base and offer more services, your earnings can significantly increase. This additional income can help improve your financial situation and provide a stable source of revenue.
Access to a wide range of services
By becoming an Airtel BC agent, you gain access to a wide range of financial services. This includes savings account opening, cash withdrawal, utility bill payments, DTH recharge, insurance policies, and more. Offering these services allows you to become a one-stop solution for your customers’ financial needs. This not only helps you attract more customers but also enhances their banking experience by providing convenient and accessible services.
Flexibility to work from home
Setting up an Airtel BC point at your home provides you with the flexibility to work from home. You can manage your business at your own convenience and work according to your preferred schedule. This eliminates the need for commuting to an office and allows you to balance your personal and professional life effectively.
Ability to serve customers in the local area
As an Airtel BC agent, you have the opportunity to serve customers in your local area. This can be especially beneficial if you are familiar with the community or have existing relationships with potential customers. By offering banking services in your local area, you can make a positive impact and help improve financial inclusion in your community.
No investment required
One of the main advantages of becoming an Airtel BC agent is that no investment is required. Airtel provides you with all the necessary tools and support to get started, eliminating the need for any upfront capital. This makes it an accessible opportunity for individuals who want to start their own business without significant financial resources.
Additional commission on referrals
Airtel offers additional commission on referrals, providing you with an opportunity to earn extra income. If you refer other individuals to become Airtel BC agents, you can earn a commission based on their performance. This creates a win-win situation, as it helps you earn additional income while expanding the Airtel BC agent network.
Conclusion
Becoming an Airtel BC agent can be a rewarding experience both personally and financially. It offers an opportunity to earn extra income, access a wide range of services, and work from the comfort of your own home. By joining the Airtel BC agent network, you can make a positive impact in your local community and provide essential banking services to those who need them. So, why wait? Take the first step towards becoming an Airtel BC agent and unlock a world of opportunities.