In this article, we will cover the topics below.
- What is a Banksathi?
- Who is the owner of BankSathi?
- What is the salary of Bank Sathi?
- Is Banksathi Legit?
- Which categories of products and Brands are available on Banksathi?
- How can I earn money from Banksathi?
- How do I contact Banksathi?
- Who are Banksathi competitors in India?
- How to sign-up for Banksathi?
- How to withdraw an amount from Banksathi?
- How to refer Banksathi to others?
- How to sell Banksathi products?
- What are the good things about Banksathi?
- What are the things you must know about Banksathi?
- Tips to sale more
Before we start, if you are someone you loves watching videos in Hindi rather than reading then do checkout our videos on Youtube.
What is Banksathi?
Banksathi is a platform which allows you to sell financial products like Savings account, Credit Card, Loans etc to your contacts and earn commission for each sale generated by you.
Who is the owner of BankSathi?
Jitendra Dhaka is the founder and Current CEO of Banksathi.
What is the salary of Bank Sathi?
There is no fixed salary that you get when you join banksathi as a partner. One gets commission upon selling financial products.
Is Banksathi Legit?
Yes, Banksathi is a genuine app which has tied-up with multiple Indian banks etc to sell their products.However based on recent comments on multiple youtube videos and reviews on playstore, it seems people are facing issues as the leads are constantly rejected.
If you face any issues Banksathi then comment on this blog/video.
Which categories of products and Brands are available on Banksathi?
There are multiple products like below which are currently available with Banksathi.
- Saving/Current/Demat account
- Credit Cards
- Pay Later/EMI card
- Credit Line
How to earn money on Banksathi?
There are different ways you can earn money from Banksathi.
- Selling products: You can earn commission by selling different products available on BankSathi.
- 10% Referral earning: You get 10% of your referral earning for lifetime.
How do I contact Banksathi?
One can contact bank sathi via call and Email.
Call: +91 7412-933-933 on Monday to Saturday between 9:30 AM to 6 PM IST.
Who are Banksathi competitors in India?
How to sign-up for Banksathi?
To sign-up for the banksathi please install the app using the link below.
Click on ‘Install’ to proceed with installation.
Click on “Open” once installation is complete.
Select your preferred language and Click on Continue.
Enter your Mobile number to receive OTP.
Enter the OTP received on mobile
Enter “400095343” in the referral code and click on “Update Code”
Enter your Aadhar Number to complete KYC or you can do it Later also.
Enter your Full name, Pincode, email id and Address to create your profile.
Set-up your M-PIN.
Congratulations, your sign-up process is complete.
How to withdraw an amount from Banksathi?
You can withdraw your payout in just a few steps but make sure there is an amount in the ‘Balance’ section then only you can withdraw your money.
Click on withdraw now from the payment section
In next step select any one payment mode, Paytm Transfer OR Bank Transfer and click on ‘Confirm & Withdraw’
How to refer Banksathi to others?
To refer BankSathi click on the ‘Referral’ tab from the app then click on ‘REFER NOW’.
Share the app link and ask referrals to enter your referral code during the sign-up process.
How to sell Banksathi products?
To sell products available at Banksathi Click on ‘+’ symbol from Homepage of the app→select Category of the product that you want to sell→select product and click on share
What are the good things about BankSathi?
Zero Investment: There is no investment needed to start selling Banksathi products.
Rewards in Bank account: You can transfer earnings to your bank account or paytm wallet as per your convenience.
Low Minimum withdrawal threshold: There is no minimum withdrawal limit so you will get your commission in your account after your 1st sale.
Active Customer Support: You can connect with them via Call and Email if you face any issues.
Training: BankSathi has a wide variety of live training sessions on different topics like how to earn 1 Lakh per month with BankSathi, different Product training, etc. they also have training videos for all the products available on their platform.
My Team Feature: If you want someone to work under you without letting them know about BankSathi then this option is for you. Maybe you want to hire some at a lower commission or salary to sell different products and earn margin out of their sale.
Content:They have a wide variety of marketing material like professional images for each product. This makes your selling process easier. I just love them 🙂
Nomination Facility: Banksathi provides facility to enter your nominee.
What are the things you must know about Banksathi?
KYC needed: You will need to perform KYC before starting to sell their products. You will need to confirm your PAN card and bank account details during KYC. Also aadhar KYC is mandatory before adding bank account details.
5% TDS deduction: 5% TDS will be deducted on commission that you earn.
Link Validity: There is validity to the product link shared by you. If any customer buys the product beyond that cookie time frame then you will not get commission. It is advisable to share the link when the customer is ready to proceed with the activation process.
Existing Relationship: There are certain products like below which do not entitle for your commission if they already have a relationship with the same bank or already have the same kind of product with the bank.
Multiple Accounts from Same device: You shouldn’t open multiple accounts from the same device as your commission will not be paid in that case. You should forward links to customers and get the process completed on their phone.
What is my Team option in Banksathi?
If you want someone to work under you without letting them know about Banksathi then this option is for you. Maybe you want to hire someone at a lower commission or salary to sell different products and earn margin out of their sale.
To share your team link with others, Click on the ‘My Team’ section from the homepage of the app.
Things to know about ‘My team’ feature:
- To add team members, share your personalised dashboard link with them through WhatsApp.
- Ask them to login by entering their name and OTP.
- Your team members can see a page with product links through which they can make sales.
- This page will have only your name. They will not be connected to Banksathi in any way.
- You can track all the sales made by your team members individually on your personal page
- You need to train your team properly to make sales. Any frauds by your team members can get you blocked.
- All earnings from your team members will be added to your payments.
Tips to sale more:
- Call 10 people in your network everyday and inform them that you have started with a financial consultation business. Inform them about the products that you have.
- Get 5 new references from each person that you call.
- Next week call all the referrals received in the previous week and ask for references from them too.
- Keep adding people in your broadcast.
- Keep products on whatsapp status everyday. Do not clutter with more than one status or message per day.
- Connect with local shops who sell mobile products, stationery, Xerox etc. Either add those in your network or Team. Ask them to apply some banners in front of their shop like “Zero balance saving account is opened here”.
Creditcode app sign-up Link and referral code:
Referral code: 400095353
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