With a view to ensuring adequate supervision over the operations and activities of the RETAIL outlet/sub-agent of BCs by banks, every retail outlet/sub-agent 8 of BC is required to be attached to and be under the oversight of a specific bank branch DESIGNATED as the BASE branch and the distance between the place of business of a retail outlet/sub-agent of BC and the base branch as stipulated by RBI earlier was not more than 30 kms in rural, semi-urban and urban areas and 5 kms in metropolitan centres. HOWEVER the RBI has now removed the distance criteria.

With a view to ensuring adequate supervision over the operations and activities of the retail outlet/sub-agent of BCs by banks, every retail outlet/sub-agent 8 of BC is required to be attached to and be under the oversight of a specific bank branch designated as the base branch and the distance between the place of business of a retail outlet/sub-agent of BC and the base branch as stipulated by RBI earlier was not more than 30 kms in rural, semi-urban and urban areas and 5 kms in metropolitan centres. However the RBI has now removed the distance criteria.