In this article, we will discuss the process of becoming a Paytm BC Agent (Business Correspondent) in 2023. By the end of this post, you will have all the essential information about the benefits of becoming a Paytm BC Agent, the commission structure, and how to apply for this opportunity.
WHAT IS A PAYTM BC AGENT?
A Paytm BC Agent is an individual who provides banking services in rural areas on behalf of Paytm Payments Bank. They assist citizens in opening new bank accounts and conducting various financial transactions, earning commissions from the bank for their services. Paytm Payments Bank holds a license issued by the Reserve Bank of India.
In simple terms, a Paytm BC Agent is someone who acts as a representative of Paytm Payments Bank and offers a wide range of banking services to customers.
BENEFITS OF BECOMING A PAYTM PAYMENT BANK BC AGENT
If you’re interested in becoming a Paytm Payment BC Agent, here are the advantages you can enjoy:
- Free Account Opening: Paytm Payments Bank allows you to open accounts for customers without any charges.
- ATM Card Issuance: As a BC Agent, you can provide customers with ATM cards for their Paytm Payments Bank accounts.
- Convenience: After becoming a Paytm BC Agent, you can help customers open bank accounts at your store.
- Deposit and Withdrawal Services: You can deposit and withdraw money from customers’ bank accounts as a Paytm BC Agent.
- Earn Commissions: You can earn a good commission for opening Paytm Payments Bank accounts and facilitating transactions.
- Paperless Account Opening: Paytm Payments Bank accounts are opened using fingerprint scanners, eliminating the need for extensive paperwork.
- Offer Cheque books: After becoming an agent, you can provide cheque books to account holders.
BENEFITS OF COMPLETING FULL KYC WITH PAYTM
KYC stands for “Know Your Customer,” which is a crucial step for digital payment services. Here are the benefits of completing full KYC with Paytm:
- Interbank Transfers: After completing full KYC, you can transfer funds from your Paytm account to other Paytm accounts seamlessly.
- Higher Deposit Limit: You can deposit up to ₹1 lakh in your Paytm Wallet after full KYC verification.
- Bank Transfers: Transfer funds from your Paytm Wallet to your bank account hassle free.
- Open Zero Balance Saving Account: You can also open a zero balance savings account with Paytm Payment Bank.
- Cashback Offers: Enjoy cashback offers when making online payments or shopping with Paytm.
PAYTM BC AGENT COMMISSION LIST: AEPS PAYOUT
As a Paytm BC Agent, your earnings depend on the transaction amount. Here’s the commission structure for AePS (Aadhaar enabled Payment System) payouts:
 For transactions between ₹100 to ₹499, you earn a commission of 0.25%.
 Transactions between ₹500 to ₹999 provide a 1.5% commission.
 For transactions ranging from ₹1,000 to ₹1,499, you receive a 2.5% commission.
 Transactions between ₹1,500 to ₹1,999 yield a 3.5% commission.
 Earnings increase to 4.5% for transactions between ₹2,000 to ₹2,499.
 For transactions between ₹2,500 to ₹2,999, you get a 5% commission.
 Transactions of ₹3,000 and above reward you with a 7% commission.
PAYTM BC AGENT FASTAG COMMISSION LIST:
As a Paytm BC Agent, you can also earn commissions by selling FASTags. Here’s the commission structure for FASTag sales:
 For selling 0 to 9 FASTags, the commission is ₹0.
 Selling 10 to 25 FASTags earns you an additional ₹5 per FASTag.
 For selling 25 to 50 FASTags, you receive ₹10 extra per FASTag.
 Selling 50 or more FASTags results in ₹15 extra per FASTag.
WHO CAN OPEN A PAYTM PAYMENT BANK ACCOUNT?
Any Indian citizen can open an account with Paytm Payments Bank using the Paytm mobile app. The account opening process is straightforward and doesn’t require extensive paperwork. You can complete the process online from the comfort of your home.
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DOCUMENTS REQUIRED TO BECOME A PAYTM BC AGENT
To become a Paytm BC Agent, you need the following documents:
 PAN card
 Aadhar card
 Electricity bill
 Passport sized photos
 Mobile number and email ID
 Photos of the interior and exterior of your store
Note: The article provides a detailed guide on how to become a Paytm BC Agent, including the registration and login procedures. If you’re interested in becoming a partner with Paytm Bank, read the article thoroughly for step by step instructions.
COST OF BECOMING A PAYTM BC AGENT:
The great news is that there is no charge for becoming a Paytm BC Agent. Applying to be a Paytm BC Agent is entirely free of cost.
Becoming a Paytm Payment Bank BC (Business Correspondent) Agent can be a lucrative opportunity to offer various banking services to your customers. This guide will walk you through the simple steps to register as a Paytm BC Agent online.
Step 1: Visit the Paytm Payment Bank Official Website
To begin your journey as a Paytm BC Agent, you need to visit the official website of Paytm Payment Bank. You can find the link to the website in the Important Links section above. Simply click on it, and you will be directed to the official Paytm Payment Bank website.
Step 2: Access the Paytm BC Agent Registration Form
Once you land on the main page of the website, you will see the Paytm BC Agent Registration Form. Here’s what you need to do:
Step 3: Fill in Your Mobile Number
Start by entering your mobile number in the provided field.
Step 4: Provide Your Name and Address
Next, fill in your name and address as requested on the form.
Step 5: Enter Your PIN Code Number
After providing your personal details, enter your PIN code number.
Step 6: Choose Your State
Select your state from the options provided.
Step 7: Do You Have a Shop or Outlet?
If you already own a shop or outlet, click on this option. Otherwise, click “No.”
Step 8: Do You Have a Bank Center?
If you already have a bank center, select this option. Otherwise, click “No.”
Step 9: Review and Submit
Doublecheck all the information you’ve entered and click on the “Submit” button.
Step 10: Completion of Registration
Once you click the submit button, your Paytm Payment Bank BC Agent online registration will be complete.
PAYTM BC AGENT LOGIN
Now that you’ve registered, here’s how you can log in as a Paytm BC Agent:
Step 1: Visit the Official Website
Go to the official Paytm Payment Bank website.
Step 2: Access the Home Page
Once you’re on the home page, proceed to the next step.
Step 3: Enter Your Paytm BC Agent Login ID and Password
Provide your Paytm BC Agent Login ID and Password on the home page.
Step 4: Click on Login
After entering your login credentials, click on the Login button.
Step 5: Access Paytm BC Agent Services
You can now access Paytm BC Agent services through your account and offer various banking services to your customers.
COMPLETING KYC WITHOUT AADHAAR
To complete your Paytm KYC without Aadhaar, you can use other identity documents such as Voter ID, PAN Card, Passport, or Driver’s License if you don’t have an Aadhaar card. This process helps verify your identity and allows you to enjoy all the services offered by Paytm.
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Earning with PAYTM ATM:
You can also earn money by setting up a Paytm ATM. Here’s how:
- Become a Paytm Payment Bank BC Agent following the registration process mentioned earlier.
- Log in with your Paytm Agent ID on the portal.
- Access Paytm Payment Bank Services and choose the Paytm ATM service.
- Provide the required information and start offering ATM services to your customers.
- Earn commissions on transactions and enjoy the benefits of increased footfall to your outlet.
Why is Completing Paytm KYC Necessary?
Completing Paytm KYC helps verify your identity and allows you to enjoy the full range of services offered by Paytm. After completing KYC, your wallet limit is increased to ₹100,000, and you can open a zero balance savings account with a debit card provided by Paytm Payment Bank.
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FREQUENTLY ASKED QUESTIONS (FAQS)
Q1: How can I become a Paytm BC Agent?
  A1: To become a Paytm BC Agent, visit the official Paytm Payment Bank website and fill out the registration form with your details as mentioned in the post.
Q2: What are the benefits of becoming a Paytm BC Agent?
  A2: As a Paytm BC Agent, you can offer various banking services to your customers and earn commissions on transactions.
Q3: How can I earn money as a Paytm BC Agent?
  A3: You can earn money by providing banking services to your customers and earning commissions on transactions.
Q4: Do I need to pay any fees to become a Paytm BC Agent?
  A4: No, there are no fees to become a Paytm BC Agent.
CONCLUSION
Becoming a Paytm BC Agent offers numerous benefits, including free account opening, the opportunity to provide essential banking services in your community, and earning commissions for your services. With the added advantage of full KYC, you can access even more features and higher transaction limits. Plus, you can also sell FASTags and earn additional commissions.
The process is simple, and there are no upfront costs, making it a fantastic opportunity to start your own banking business. So, if you’re looking to earn extra income and provide valuable financial services to your community, consider becoming a Paytm BC Agent today!