SEED is one of the largest “Business Correspondents” in India with a comprehensive reach across 17 states. Our business correspondent services facilitate both public and private banks to reach the underserved and unserved rural masses to offer a range of financial services. We also facilitate government’s EBT and Remittance schemes to beneficiaries across India. Under Financial Inclusion projects, SEED created a customer base of 1.5 million smart-card savings accounts holders.
Our business model derives its strength from the versatility of operations, scale of the channel and customer know-how. We have been trusted by many of the largest Indian banks as their preferred Business correspondent such as Punjab National Bank (PNB), State Bank Of India (SBI), State Bank of Hyderabad ( SBH), State Bank of Bikaner & Jaipur (SBBJ), Central Bank of India (CBI), Union Bank of India (UBI), Dena Bank , ICICI Bank, Yes Bank, Indian Bank, IDBI and Bank of Baroda etc.
SEED PROVIDES BANKS A BRANCHLESS WAY OF OFFERING SAVINGS AND OTHER FINANCIAL PRODUCTS TO THEIR CUSTOMERS USING AN INNOVATIVE BUSINESS CORRESPONDENT MODEL.
WE REPORT OUR BUSINESS CORRESPONDENT SERVICES IN THE FOLLOWING FOUR SEGMENTS
We facilitate leading players in the banking domain across India to reach the bottom of the pyramid consumers with a convenient and cost effective solution. We offer trusted, robust and secure, branchless banking channel for clients who offer financial products and services to the unbanked customers across geographies.
We provide fast and convenient platform to transfer money from the remitter to the beneficiaries in the remotest areas. With our solution, banks can effectively divert customers from their branches by offering money transfer services outside of banking hours and premises.
We also facilitate fraud free delivery of the payment of government’s social security schemes to the person entitled for receiving such payments such as NREGA payments, pensions, educational support linkages,health care and other monetary & non-monetary payables which have emerged as a stronghold of our operations underFinancial Inclusion.
As a key enabler and facilitator of financial inclusion, we have also unlocked the potential banking for the sale of its financial products like insurance, recurring deposits, loans etc.