Eligibility for Becoming an Agent
- Agent will have at least 1 (one) year old valid business license;
- Agent must have clean CIB & Police Verification Report;
- Agent must be financially sound and solvent.
Non Eligibility for an Agent
- Bank related person/Bank Officials will not be eligible to become an agent in the same bank within 1 (one) year of his/her retirement or resignation;
- Anyone who is currently an Agent of another Bank;
- Defaulters with any bank or financial institutions;
- Bankrupts;
- Convicted by a court of law, up to 3 (three) years after completion of sentences or penalties;
- Under investigation for any criminal charges;
- Under investigation or convicted of money laundering or terrorist financing activities;
- Under investigation of the Anti-Corruption Commission.
Eligible Entities for becoming an Agent
- MFI’s regulated by Micro Credit Regulatory Authority of Bangladesh;
- NGOs registered with Social Welfare Directorate;
- Societies registered under the Societies Registration Act, 1860;
- Cooperative Societies formed and controlled/supervised under Cooperative Society Act, 2001;
- Government Offices having branch/unit offices;
- Courier and mailing service companies registered under Ministry of Posts & Telecommunications;
- Companies registered under the Companies Act, 1994;
- Agents of mobile network operators that fulfils the eligibility criteria as laid down in these Guidelines;
- Local Government Institutions;
- Union Digital Centre (UDC);
- Agents of insurance companies that fulfil the eligibility criteria as laid down in these Guidelines;
- Any business entity having trade licenses from eligible authorities that fulfils the eligibility criteria as laid down in these Guidelines; and
- Any other entity which Bangladesh Bank may prescribe or authorize.