RBI has issued a circular regarding Financial Inclusion by Extension of Banking Services – Use of Business Correspondents (BCs) ( Circular No.RBI/2010-11/217 DBOD.No.BL.BC.43 /22.01.009/2010-11 dtd September 28, 2010 ) In this circular RBI has issued detailed guidelines for engaging Business Correspondents by banks. According to para 2 (i), to the annexure of this circular, retired bank employees are also eligible for engagement as Business Correspondents by a bank.
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