Permissible Activities of an Agent

An agent may provide any of the following services as may be specifically agreed between it and the bank: 1. Cash deposit and cash withdrawal; 2.  Inward foreign remittance disbursement; 3.  Disbursement and repayment of loans; 4. Collections of bills/utility bills; 5.  Collection of insurance premium; 6. Payment of retirement and social benefits; 7. Payment of salaries; 8. Transfer of funds; 9. Balance enquiry; 10. Generation and issuance of mini bank statements; 11. Collection of documents in relation to accounts; 12. ollect account opening forms, loan application forms, credit and debit card applications; 13. Monitoring and recovery of loans and advances [...]