Q. Consider the following: Insurance Mutual fund products Pension products The Business Correspondents have been allowed to do which among the above sales?
Answer: 1, 2 & 3
Notes: The business correspondent is nothing but a bank-in-person, who is authorized to collect deposits and extend credit on behalf of the bank of small-ticket sizes. He also recovers principal interest of small value deposits, sale of micro insurance, mutual fund products, pension products, receipt and delivery of small value remittances/other payment instruments.

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