Bajaj Finserv DSA Partner

Bajaj Finserv DSA Partner Registration: Complete Details

Bajaj Finserv is a prominent financial services company based in India. It operates as a part of the Bajaj Group and provides a wide range of financial products and services.

As a Bajaj Finserv DSA partner, you get access to a wide range of opportunities and you can enjoy numerous benefits. DSAs act as intermediaries between the financial institution and potential customers, facilitating the process of acquiring new clients and generating business through their innovative ideas, client-based approach, and commitment.

Bajaj Finserv DSA Partner Program Highlights

Age Limit You must be above 18 years of age
Nationality Citizen of India
Occupation Salaried/ Self-employed/ Businessmen
Work Experience Experience is not mandatory for registration
Skills Required Negotiation skills, Communication skills, Selling skills, Listening skills, Customer relationship management

Features or Benefits of Bajaj Finserv DSA Partner

Becoming a DSA offers several benefits, and while these advantages can vary based on the specific financial institution or organization, here are some common benefits that DSAs often enjoy:

1. Low Entry Barrier- Joining as a Bajaj Finserv DSA usually involves a relatively low entry barrier compared to starting a business from scratch. This makes it a reachable option for small businesses and individuals.

2. Manage Business Digitally- Partners can manage their business digitally such as book cases, view combined business summaries, case level details, and customer assistance.

3. Commission Earnings- DSAs typically earn commissions on successful leads and transactions. The commission structure may vary based on the type of financial product or service being sold.

4. Flexible Work Schedule- DSAs often have the flexibility to set their own work hours. This allows them to manage their time effectively and potentially balance work with other personal or professional commitments.

5. Diverse Product Portfolio- DSAs typically have access to a wide range of financial products and services. This enables them to cater to the diverse needs of their clients and offer comprehensive solutions.

6. Access to Training Programs- Bajaj Finserv provides training to help DSAs understand the products and services features they are promoting. This training enhances their knowledge to resolve customer queries efficiently.

7. Contests and Rewards- Exciting contests and rewards for top-performing partners are available. This can include incentives, bonuses, or other forms of acknowledgment.

8. Customer Support and Assistance- DSAs may receive support from the financial institution in addressing customer queries or concerns. This can boost the overall experience and build customer trust.

Eligibility Criteria to Apply for Bajaj Finserv DSA Partner

The eligibility criteria to apply for Bajaj Finserv DSA Partner are as follows:

  • Age Limit: Partner’s age must be above 18 years.
  • Occupation: Salaried or non-salaried professionals and businessmen can apply to work as a Bajaj Finserv DSA partner.
  • KYC Documents: You must have all valid KYC documents.
  • Experience: Some financial institutions may prefer DSAs with prior experience in the financial industry.
  • Educational Qualifications: No professional degrees are required.
  • Citizenship: The partner must be an Indian citizen.
  • Employees: Off-roll & on-roll employees of Bajaj Group and their family members (spouse, parents, children, etc.) are not eligible to register as DSA partners.
  • CIBIL Score: An excellent credit score is required to offer financial advice to others.

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Documents Required for Bajaj Finserv DSA Partner

Here is the list of compulsory documents that are required to become a Bajaj Finserv DSA partner:

  1. Application form- Fill in all your personal and professional details in the Bajaj Finserv DSA registration form.
  2. PAN Card- PAN card details are mandatory while registering to be a DSA partner.
  3. Proof of Identity- PAN Card/ Passport/ Aadhar card/ Voter ID Card
  4. Proof of Address- Aadhar Card/ Utility bills/ Driving license/ Passport/ Voter ID Card
  5. Income Tax Proof- Form 16 with other income tax documents
  6. Educational Qualification- Some organizations may want proof of minimum educational qualifications.
  7. Bank Account Details- Having a bank account is mandatory as your payouts will be processed directly in the given bank account.
  8. Proof Of Employment
    • Businessman: Bank accounts statements and address proof of current business location.
    • Self-employed: Financial statements and latest invoices.
    • Salaried Employee: Provide your latest salary slips.

Steps to Apply for Bajaj Finserv DSA Partner

Bajaj Finserv process of empanelment is online and quick. You need to follow these steps to register as a Bajaj Finserv DSA Partner.

Step 1: Visit the Bajaj Finserv Portal- You need to go through the official portal of Bajaj Finserv to start your financial journey.

Step 2: Application Form- Submit a Bajaj Finserv registration form available on their official portal. Fill in your accurate personal and professional details for an easy registration process. The application form may include the following details:

  • Personal: Name, current address, contact number, and email ID
  • Professional: Occupation, work experience, qualifications or certifications
  • Business: Business name, address, type of work, contact details
  • Bank Details: Name as per bank records, account number, name and type of bank, IFSC

Step 3: Submit Documents- Attach all supporting documents such as identity proof, address proof, and business proof along with your application form. Upload documents for empanelment as per the checklist provided.

Step 4: Verification Process- In this process, they will check your background, and application form, and attach documents to initiate the verification process. Your profile will be reviewed for the next round of the process.

Step 5- Interview – If your profile gets shortlisted, an interview will be scheduled to assess your basic understanding of the DSA role.

Step 6- Agreement Signing- Complete the e-sign process and upon approval, you may need to sign an agreement outlining the terms and conditions

Step 7: Certification and Training- Selected candidates will receive training about their products and services and get a certificate on successful completion of training.

Step 8- Lead Generation- You can start reaching out to customers to offer personal loans and generate leads.

Frequently Asked Questions (FAQs) for Bajaj Finserv DSA Partner

Here are some frequently asked questions that DSAs frequently encounter.

1. What are the roles and responsibilities of Bajaj Finserv DSA partners?

Following are the roles and responsibilities of Bajaj Finserv DSA partners.

  • Client Acquisition: DSAs focus on acquiring potential borrowers for the lending institution.
  • Loan Promotion: They promote various loan products offered by the financial institution, such as personal loans, home loans, car loans, etc.
  • Application Assistance: DSAs assist clients in the loan application process, helping them complete necessary documentation and providing guidance.

2. Will I have to pay TDS on my payout?

As per section 194 H, there will be a deduction of 5% TDS on any income that is commission or brokerage.

3. What if I am not registered under GST?

GSTN is only mandatory if you register as other than an individual or proprietorship or HUF.

4. How and when can I claim my payout?

  • An invoice needs to be raised with the product support team at the end of the month or quarter for GST registered partners.
  • For partners where GST is not applicable, the payouts will be processed as per the payout cycle at the end of the month or quarter.

Conclusion

Becoming a Bajaj Finserv DSA Partner opens a bundle of opportunities for loan partners. Through this complete DSA guide, you can go through the step-by-step procedure of their DSA online registration. The process is simple and becoming a DSA partner with this brand will create a success path for your career and multiple chances to acquire new skills and knowledge.

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