Verification of residential and office address of DMA 

To verify the set up of DMA in terms of proper office space, communication system (telephone, fax, e-mail, computers etc.) and staff employed.

Credential verification of DMA 

To assess the standing of DMA, with his bankers / acquaintances / other business associates or customers etc.

Verification through references provided by the DMA

The relevance of above verifications will help us in assessing the quality of services that will be provided by the DMA and also establish the enduring character of the DMA that will be appointed.

Considering the fact that a DMA is not only our business associate who will carry on the task of forwarding the loan files to us, but also plays manifold roles of being our representative, first-hand link with the customer, publicity hub and above all, business generator, the above verifications can help us in identifying deserving candidates to be appointed as DMA. 

NOTE:

• The incumbent will independently verify the information given by the DMAs in the prescribed application form.
• Further, all the declarations/ statements of DMA shall be supported by documentary evidence. The confidential report regarding the credibility verification from the referee is also to be obtained as per enclosed format.
• Rather than having a restricted system of DMA selection, the DMA system may be established as an open system, i.e. anyone who is capable of giving sizable and quality-oriented business, may be appointed as DMA of the company and there may not be any maximum number of DMAs for a branch.
• The authority to appoint / termination of DMAs shall be vested with branch incumbent only.
• On appointment each DMA shall obtain CDR / FDR of PNBHF of Rs.10000/- as security deposit, and enter into DMA agreement as per prescribed format.