Nagad agent registration form online

Learn about Nagad business, Nagad agent commission rates, the Nagad agent account registration process, and how to request a new agent account.

Nagad is one of the oldest and most popular mobile banking services in Bangladesh. Its popularity and services are growing day by day. Many unemployed individuals have found assistance through the Nagad agent business. Today, I will explain how to open a Nagad agent account, the requirements, and all information regarding Nagad agent accounts.

How to open a Nagad agent account?

We need to know about Nagad agents, the commission rate for agents, and the benefits of the Nagad business. How much money is required to open a Nagad agent account? What are the limits for Nagad agents?

We all see Nagad agents in our local areas. Let's find out how they run their Nagad business, the profit or commission rates for Nagad agents, and how much initial investment is required to start.

Nagad uddokta registration online

Many people are earning a good livelihood by running Nagad agent businesses. Many have received support. Therefore, there's no reason to doubt the potential of this business. You too can generate a fair income through proper transactions.

A Nagad agent earns commissions for cash-in, cash-out, and opening personal Nagad accounts for customers. This commission is essentially the profit for Nagad agents.

What is the limit for Nagad agents?

There is no specific limit for Nagad agents. The more transactions you conduct, the more commission you will earn.

Nagad Agent Commission Rate or Profit Per Thousand?

The Nagad agent commission may vary. For example, if you conduct a transaction by dialing the Nagad USSD code, you will receive one type of commission. If you conduct the transaction through the Nagad agent app, the commission will be different.

- For transactions through the Nagad Agent App, the commission is 4.10 BDT per thousand.
- For transactions through the Nagad  USSD code, the commission is 3.70 BDT per thousand.

Nagad Agent App Commission

If 90% of your transactions are done via the Nagad Agent App, you will receive a bonus of 0.20 BDT per thousand. In other words, if you use the app, your commission will be 4.50 BDT per thousand.

How much money is required to open a Nagad agent account?

Opening a bKash agent account does not require any fees. However, some sales representatives (SR) may ask for a small amount as a gesture for tea or snacks, but this is entirely up to you. 

Nagad Agent Registration Process

Let’s go through the steps to become a Nagad agent. First, you need the required documents and must fulfill all conditions. You can contact a Nagad sales representative or distributor office with the necessary documents to express your interest. You can also request a Nagad agent account online through the Nagad website. Afterward, you will receive a call for verification.

Conditions to Become a Nagad Agent:

1. You must recharge your Nagad agent account for the first time.
2. You need to maintain a minimum balance in your agent account to keep transactions running smoothly.
3. You must conduct at least 3,000 BDT worth of transactions per day.
4. You will also receive a commission for opening personal Nagad accounts each month.

 Documents Required to Open a Nagad Agent Account:

To get a Nagad agent account, you will need the following:
- A business or shop
- Trade license
- TIN certificate
- A SIM card registered in your or a family member's name (without any bKash account)
- National ID card
- Your photo, etc.

Business/Shop:

You need your own or rented shop to become a Nagad agent. You cannot apply for an agent account without a shop or business. It's best to have your shop in a central location or near busy streets to increase your transaction volume and earnings.

Trade License:

You need a trade license for your business. You can obtain this from the Union Council, Municipality, or City Corporation. The cost is around 500 BDT in unions, 1,000 BDT in municipalities, and 1,500-2,000 BDT in city corporation areas.

TIN Certificate:

The TIN certificate proves that you are a registered taxpayer in Bangladesh. The National Board of Revenue (NBR) issues the TIN certificate, and you can download it online with your national ID card.

How much money is required for the Nagad agent business?

Generally, there are no fees or charges to open a Nagad agent account. However, you need to initially recharge your agent account with 100,000 BDT. In rural areas, this limit might be lower. You can also recharge with 20,000-50,000 BDT.

If you conduct transactions within a few days, you will be able to withdraw cash. If you already have a business, there are no additional costs. In rural areas, you need to maintain 20,000-50,000 BDT in balance, while in urban areas or district towns, you must maintain 100,000-300,000 BDT.

Three Ways to Open a bKash Agent Account:

1. Through a Nagad sales representative
2. By visiting your local Nagad distributor office
3. Online

 Through a Nagad Sales Representative:

Once you meet the qualifications and requirements, you can request a Nagad agent account through a sales representative with the necessary documents. The sales representative will submit your documents to the distributor office and assist with the registration process.

Bkash parsonal retail account open 2024

Distributor Office:

If you cannot find a sales representative, you can directly visit a Nagad distributor office with the required documents to request an agent account. If your documents are verified, and you are deemed eligible, they will open the agent account for you. You will also be called for further procedures or training.

Nagad agent registration Online Request

If none of the other methods work, you can request an agent account online. If you do not receive a response, contact the regional/district development distributor office with the necessary documents. Use the Nagad locator to find your nearest distributor office.

Nagad Helpline Number:

The Nagad helpline number is 16167, or you can use the Nagad live chat support for free.

 How to Transfer Money to a Nagad Agent?

To send money to a Nagad agent account, log in to your bKash app. Then select the cash-out option. Type the agent’s number or scan the agent’s QR code. Enter the amount you wish to cash out and proceed. Finally, enter your Nagad PIN to complete the transaction.

Conclusion

In this blog, I have described the required information, documents, and regulations for becoming a Nagad agent. The easiest way to become an agent is to speak with your local sales representative, who can assist with the entire process.