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Corporate Laws Central Ministry of Finance Reserve Bank of India Act, 1934

Modification in Incentive Scheme for Customer Service Points (CSPs)/Business Correspondents (BCs) of Banks operating in Hilly States/UTs

26-Nov-2024 | Circular No. 286/DFIBT- 06/2024

NABARD has issued a circular in reference to Circular No. 77/DFIBT-01/2024, regarding Modification in Incentive Scheme for Customer Service Points (CSPs)/Business Correspondents (BCs) of Banks operating in Hilly States/UTs, effective from 26th November 2024. By virtue of this circular, it is notified that the incentives to Business Correspondents may be paid by the banks in two installments i.e. half yearly instead of yearly (earlier). In furtherance of this the procedure for claiming reimbursement from NABARD has also been revised. Please refer to the attached documents for more information.

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