The process for registering for training and exams for Business Correspondents (BC) through the Indian Institute of Banking and Finance (IIBF) is crucial for compliance with RBI mandates. Without completing this process, individuals cannot operate as BCs or offer AEPS services. The first step involves registration on the IIBF website, providing personal and contact details. Following registration, candidates undergo comprehensive training covering banking and financial services relevant to BCs. After completing the training, individuals register for the BC certification exam, paying the required fee and selecting an exam center and date. Preparation for the exam involves studying provided materials and practicing sample questions. On the exam day, candidates must appear at the selected center with their admit card and valid ID. Passing the exam results in receiving the BC certification from IIBF, a mandatory requirement for conducting BC and AEPS transactions. It is essential for individuals in this business to complete these steps promptly to obtain their certificates and operate legally.
Process Flow for Registration on NIESBUD
Here is the process flow for registering for training and exams for Business Correspondents (BC) as per the Indian Institute of Banking and Finance (IIBF):
- Registration and Fee: Visit the official NIESBUD website and register for the BC certification exam. For more info go through our website.
- Training: After registration, you will undergo training for the BC certification exam. The training will cover various aspects of banking and financial services relevant to BCs. This training is online.
- IIBF BC Basic Certification Programme mode of training is Online, period of is training and 04 Days and Fee Rs.2124
- IIBF BC Advanced Certification Programme mode of training is Online, period of is training and 06 Days Fee Rs.3186
- Exam Registration: Once you complete the training, you can register for the BC certification exam. You will need to pay the exam fee and select a convenient exam center and date.
- Exam Preparation: Prepare for the exam by studying the relevant materials provided during the training and by practicing sample questions.
- Appearing for the Exam: On the exam day, go to the selected exam center with your admit card and valid ID proof. The exam will be conducted online.
- Obtaining the Certificate: After successfully passing the exam, you will receive the BC certification from IIBF. This certificate is mandatory for running BC and AEPS services as per RBI guidelines.