Bank Partner Programme | Legal24by7
Help your MSME and startup customers with business registration and compliance
Overview
Banks are trusted advisors for lakhs of MSME customers who need current accounts, loans and business services. By partnering with Legal24by7, banks can offer customers a one-stop solution for company registration, GST, FSSAI, MSME registration and more.
The Bank Partner Programme is designed for scheduled commercial banks, small finance banks, payment banks, and cooperative banks looking to improve customer onboarding and MSME service stickiness. When customers need to register a business to open a current account, Legal24by7 handles the registration.
Who Can Join
Scheduled commercial banks (public and private sector), small finance banks, cooperative banks, payment banks, and regional rural banks with MSME lending portfolios.
Partner Benefits
Revenue Model & Commissions
Custom institutional commission. Typically 8–12% credited to MSME development fund or CSR account.
Institutional commission structure negotiated at MOU stage. Volume-based escalations available.
Eligibility
RBI-licensed bank. Requires partnership approval from appropriate banking authority (typically MSME lending head or CSR head).
How It Works
Partnership discussion with MSME team → MOU signing → Branch staff training → Customer referral process → Quarterly institutional review.
Frequently Asked Questions
Can branch staff refer customers directly?
Yes — trained branch staff can refer customers using the bank's designated referral link. Commissions are credited to the institutional account.
Do you have API integration for account opening workflows?
Enterprise bank partners can integrate Legal24by7's API directly into their current account onboarding workflow.
How do you ensure data privacy for referred customers?
All referred customer data is handled under Legal24by7's ISO-aligned data privacy policy. No data is shared with third parties.
Can the commission be directed to CSR activities?
Yes — institutional commissions can be credited to designated CSR accounts for MSME development activities.
Do you provide bank staff training?
Yes — Legal24by7 conducts branch-level staff training sessions for all bank partner programmes.
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Better Serve Your MSME Customers
Banks that partner with Legal24by7 improve MSME customer stickiness and offer holistic business services.