BankSathi Affiliate Program

The BankSathi Affiliate Program presents an opportunity for individuals to earn money by becoming financial advisors and selling various financial products through their platform. Here's a breakdown of what the program entails:

Join Program Here

What is BankSathi?

BankSathi is a fintech platform based in Bengaluru, India, established in 2020. It aims to simplify the distribution of financial products by empowering individuals to become financial advisors. The platform offers a range of financial products from well-known brands, including:

• Credit Cards
• Bank Accounts
• Personal Loans
• Demat Accounts
• Insurance
• and more.

BankSathi provides a user-friendly mobile application for advisors to access these products and connect with potential customers.

Join Program Here

How the Affiliate Program Works:

1. Registration: Individuals can download the BankSathi app from the Google Play Store or App Store and register as an advisor. The onboarding process includes completing KYC (Know Your Customer) verification with Aadhaar and PAN details.
2. Product Selection and Sharing: Advisors can browse the listed financial products within the app and choose products relevant to their network and potential customers. They can then share information about these products with leads.
3. Lead Conversion and Earning: When a lead successfully purchases a financial product through the advisor's efforts, the advisor earns a commission on the sale.
4. Payouts: BankSathi offers instant payouts on successful conversions, which can be directly transferred to the advisor's bank account or Paytm wallet. They typically release payouts every Friday.
5. Referral Income: Advisors can also earn additional income by referring friends and family to the BankSathi app. They receive a percentage (e.g., 10%) of their referrals' earnings for every sale their referrals make.

Key Features and Benefits for Affiliates:

• Zero Investment: There are no upfront costs to join the BankSathi affiliate program.
• Wide Range of Products: Access to a diverse portfolio of financial products from reputable institutions.
• Flexible Working Hours: Advisors can work at their own pace and schedule.
• Training and Support: BankSathi provides live training sessions and marketing tools to help advisors enhance their sales skills and build trust with customers.
• Real-time Tracking: Advisors can track their leads, conversions, and earnings within the app.
• Secure Transactions: The app includes security features like MPIN and fingerprint lock to protect earnings and personal information.

Who Can Benefit from the BankSathi Affiliate Program?

• Students looking for part-time income.
• Homemakers seeking to contribute to household income.
• Working professionals wanting an additional income stream.
• Entrepreneurs interested in starting a business with minimal investment.
• Insurance agents, ex-bankers, loan agents, and wealth advisors can leverage their existing networks and financial knowledge.

Potential Downsides and Considerations:

• Customer Support: Some user reviews indicate issues with customer support and delays in payouts or lead processing.
• Lead Conversion: Earning potential is directly tied to the ability to generate and convert leads into successful sales, which requires effort and effective communication skills.
• Product Availability: The availability of specific financial products might change over time.

In Conclusion:

The BankSathi Affiliate Program offers a platform for individuals in India to earn income by leveraging their network and sales abilities in the financial services sector. With no initial investment required and a wide array of products to offer, it can be an appealing option for those seeking flexible earning opportunities. However, it's essential to be aware of potential challenges related to customer support and the need for consistent effort in lead generation and conversion.