Agent Banking is a new idea of including local people of rural area who are back from Banking service. Bangladesh Bank has introduced the idea of agent banking for the lower class people of Bangladesh. The main theme is to give them the scope of banking service.
There are a large number of people of Bangladesh like 72/73% are far away from banking service. They are lower class people like farmer, rikshapuller, day labor, all over of village people and slum people. They earned their living by daily labour and the deposit their money on NGO and the Mohajon. Many times the insurance company cheat them. They don’t get their money back by this company. Sometimes the get poor interest on their money. As they are far away from banking, they don’t know the system.
Agent banking is an idea for the village people. If the renowned banks are going to them they must be happy with their banking. Sometimes mobile banking offer them benefit but it is little. As the village now going to be the rich of industries and farms they need huge transactions very easily. It is impossible for all banks to open branch in every thana upozilla so bank can appoint the agent for taking part of banking service.
Agent is the entrepreneur of banks who deal with the customers and take the FDR, DPS, savings, current balance fund from the party and the people of rural area can deposit fund in their area on the Bank. By this the agent will get commission and they will be the active part of the growing economy of Bangladesh.
Initially DBBL, Bank Asia, Islami Bank, Al arafa islami bank now giving the appoint of agent for agent banking. They already setup the infrastructure of the guidelines of Bangladesh Bank.
How to build up a room for agent banking, concrete building, paka ghor with roof, space for 180 square feet, vault for keeping taka, computer, printers, scanner, biometric device, computer, teller and well decorated room and internet connections by Modem or Broad band connections.
The transactions will be occurred with finger print as biometric process. Customer will get an account by 10 tk. They will have their own id and password for depositing, transferring money and receiving money. There are a large process of it but very easy.
There are a lot of idle money of village people. They don’t invest it anywhere and their fund has now output. Moreover the foreign remittance comes huge every year. They don’t invest it anywhere. So, the fund has no value at all. By the banking channel they can use their money and get benefited by it.
The village people will be more benefitted by it. They can pay their utility by this service.
If the banks have a good goal of fulfilling it, agent banking will be the most part of financial services like mobile banking bkash, dbbl, ucash, surecash, mcash.
So we wish a happy starting of this goal of AGENT BANKING of Bangladseh.