List of Banks Offering DSA Registration in India (2026 Updated List)

Key Highlights

• Top banks offering DSA registration
• DSA commission and payout structure
• Bank DSA vs corporate DSA/aggregator
• Step-by-step DSA registration process
• RBI guidelines for DSA agents
• DSA income tax and GST rules

When most people think about banks, they think of loans, savings accounts, or credit cards. But, very few people know that banks also work with thousands of independent agents who help banks reach the right group of customers who need loans or credit products.

These agents are known as Direct Selling Agents (DSAs), and they've become an important part of India's lending industry. Whether you're looking for a full-time career or an additional source of income, becoming a DSA can be a rewarding opportunity.

If you're wondering which banks offer DSA partnerships and how the DSA registration process works, and have other related concerns, this blog covers everything you need to know.

What is Bank DSA Registration?

A Direct Selling Agent (DSA) registration is the process through which an individual or business becomes an authorised bank agent to source potential loan customers. The DSA’s role includes:

• Identifying eligible borrowers
• Helping the customers with documentation
• Submitting the loan applications 
• Coordinating with the lender for loan processing & disbursal.

Once the loan is successfully disbursed, the DSA receives a commission from the lender. Since the payment depends on successful loan disbursals, this is often considered a performance-based business model. Today, banks appoint DSAs for products such as Home Loans, Personal Loans, Business Loans, Loan Against Property, Used & New Car Loans, Education Loans, Gold Loans, and Credit Cards (with selected lenders). 

Anyone can apply for DSA registration with the banks, including: 

• Individuals looking for self-employment
• Freelancers
• Financial consultants
• Insurance advisors
• Existing loan agents
• Chartered Accountants
• Tax Consultants
• Real estate consultants
• Retired banking professionals
• Partnership firms
• Proprietorship businesses
• LLPs and Private Limited Companies

Note: The DSA agent eligibility criteria include basic requirements, such as you must be 18 years of age or older, and must be a citizen of India. You also need basic KYC documents like PAN Card, Adhaar Card, Address Proof, and a bank account.   

RBI Guidelines for DSA Agents 

Although RBI does not directly regulate the direct selling agents. It regulates banks and NBFCs that appoint their DSAs based on internal policies. However, lenders must ensure that their DSA partners comply with the RBI's outsourcing and digital lending requirements.

Some important RBI guidelines for DSA agents include:

• Banks Are Responsible for Their DSA Partners' Conduct: The DSA’s bank will be held liable for any misrepresentation of a loan, collecting unauthorised charges, or engaging in unfair practices by the agent. This makes lenders careful while selecting and monitoring their agents.
• Transparent Communication with Customers: As per RBI, DSA agents must clearly disclose and explain to their customers about loan interest rates, processing fees, eligibility conditions, documentation requirements, and other applicable charges. 
• Digital Documentation and Agreements: Lenders are now mandated to use digital onboarding for DSA partners. The process may include aadhaar-based e-sign, online KYC verification, a digital DSA agreement, and electronic document submission.
• Customer Data Must Remain Confidential: DSAs often handle sensitive customer information, including PAN, Aadhaar, income proofs, and bank statements. They are expected to maintain confidentiality and use customer information only for formal loan processing purposes.
• No Unauthorised Fee Collection:  Any DSA agent should not collect any unauthorised fee, like processing charges, service fees, or any other payments directly from borrowers.
  Understanding these guidelines helps build trust with customers and ensures long-term success as a DSA partner.

Top Banks offering DSA Registration in India (2026)

Here are a few of the top banks that you can choose to become a DSA loan agent in India: 

1.  HDFC Bank

HDFC Bank is one of the most preferred choices for loan DSAs due to its wide range of lending products and strong brand reputation. DSA registration for HDFC Bank can be done via its official HDFC DSA registration page, and it also has channel partners that act as aggregators between DSA partners and the bank. 

• Products under the DSA Program: Multiple retail loan products, notably personal loans, business loans, home loans, etc. 
• Benefits for DSAs: High commission payouts on each loan disbursal. HDFC provides a fully digital loan processing interface, enabling quick application submission and status tracking.

2. State Bank of India 

As India's largest public sector bank, SBI offers excellent opportunities for DSAs, especially in the home loan segment. Its extensive branch network and trusted brand make it easier to connect with customers in both urban and rural areas. You can register as a DSA for SBI through many aggregator platforms that partner with SBI for DSA registration. 

• Products under DSA Program: A wide range of SBI products, including home loans, personal loans, education loans, etc. 
• Benefits for DSAs: Industry-aligned commission structure on each product sold; flexible work hours and access to SBI's diverse product portfolio and market-leading interest rates for customers. 

3. Axis Bank

Axis Bank operates a strong DSA network, particularly in personal loans and business loans. The bank is known for relatively quick processing, dedicated relationship managers, and digital support for channel partners, making it suitable for agents looking to scale their business. Axis Bank DSA Registration can be completed online via the official Axis Bank DSA portal. Moreover, Axis Bank also partners with aggregator platforms for DSA sourcing.) 

• Products under the DSA Program: DSAs can generally sell all types of loans, e.g., personal loans, home loans, car loans, business loans, etc.
• Benefits for DSAs: Attractive commission structure per loan closed, with additional incentives like monthly stipends or bonuses for top performers. 

4. Kotak Mahindra Bank

Kotak Mahindra Bank works with DSA partners for various retail lending products, including personal loans, business loans, and loans against property. Its streamlined processes and growing presence in retail lending make it an attractive option for loan advisors. Kotak DSA Registration can be done through its official channels, or you can also onboard through established DSA aggregators or fintech platforms.

• Products under the DSA Program: Various retail loans, especially personal loans and business loans, home loans, and loans against property. 
• Benefits/Support for DSAs: Competitive payouts for personal/business loans. DSAs receive marketing and sales support. 

5. IDFC FIRST Bank

IDFC FIRST Bank has expanded its retail loan portfolio significantly in recent years and continues to strengthen its DSA network. It offers opportunities across home loans, business loans, and personal loans while providing digital support to channel partners. You can register as a DSA through the My First Partner App and earn money by referring multiple loan products to your customers. 

• Products under the DSA Program: Multiple loan products catering to different customer needs, such as business expansion, home purchase, or renovation, vehicle purchase, education expenses, medical emergencies, and other urgent financial requirements
• Benefits for DSAs: Competitive commissions on each product (ranging by loan type), digital loan processing experience for its DSAs - applications can be submitted and tracked online. 

6. Federal Bank

Federal Bank offers opportunities for Direct Selling Agents (DSA) / Loan Partners, through third-party aggregators and their fintech/LSP (Lending Service Provider). It partners with various platforms and entities for loan sourcing (e.g., Personal Loans, Gold Loans, etc.) as per RBI digital lending guidelines. Individuals or businesses can work as channel partners/DSAs to refer leads for retail and business loans and earn commissions on disbursals.

• Products under the DSA Program: Retail loan products, including personal loans, home loans, and business loans.
• Benefits for DSAs: Commission-based earnings on successful loan disbursals, with an excellent opportunity to build a steady income stream while representing a well-established private sector bank. 

7. IndusInd Bank 

IndusInd Bank partners with DSAs for personal loans, vehicle loans, business loans, and other retail credit products. Its flexible product offerings and expanding customer base make it a suitable choice for independent loan advisors. IndusInd DSA registration can be conducted through aggregator fintech platforms that offer opportunities to become a DSA agent with multiple bank partners. 

• Products under the DSA Program: Personal loans and other retail loans are offered through IndusInd DSAs (personal/business loans). It also enables agents to sell unsecured loans and credit cards to their customers.
• Benefits for DSAs: Commission-based income for each loan or credit card approved. The bank offers support in the form of product training and marketing materials and gives access to a wide range of products to match customer needs. 

8. Bank of Baroda

Bank of Baroda is among the leading public sector banks that work with marketing associates for selected retail loan products. Its wide branch network, government-backed trust, and strong presence across India make it a preferred choice for customers seeking home and MSME loans and working opportunities as its DSA agents. You can contact the bank’s channel partner team or apply through its authorized DSA aggregators. 

• Products under the DSA Program: Primarily focus on home loans (housing loan products) through DSAs. May also include other retail loans in some cases.
• Benefits for DSAs: Commission paid on each referred loan disbursal (Bank of Baroda offers attractive payout ranges for home loan referrals. 

Commission and Payout Structure for top banks offering DSA Partnership 

DSAs earn commission on each successful loan disbursal or financial product sold. The actual payouts can vary significantly based on loan size, borrower profile, DSA performance, specific schemes, location, and negotiation. Given below is an estimated overview of the commission rates for DSAs sourced from aggregator platforms and industry reports. Always confirm the latest commission structure directly with the bank or authorized aggregator before finalizing registration. 
 

Bank DSA vs Corporate DSA/ Aggregator Platforms 

Once you've shortlisted the bank you want to work with, the next decision is whether to register directly with the bank or join a corporate DSA platform. Both options have their own advantages, and the right choice depends on your experience, business goals, and the bank that you are choosing. 

• Direct Bank DSA: When you register with a single bank or NBFC directly, you get full control over that relationship and generally a cleaner commission structure, but you're limited to that one lender's products and approval criteria, and the paperwork per bank can be repetitive if you want to add more lenders later.
• Corporate DSA / Aggregator: You register with a platform that already has tie-ups with almost hundreds of banks and NBFCs. One registration gives you access to multiple lenders, which is useful if you want to serve a wider range of customers. 

If you're just starting, an aggregator or corporate DSA registration might help you move faster and build a steady customer base. 

Step-by-Step DSA Registration Process

The DSA registration process involves the following steps: 

Step 1: Choose Your Preferred Bank or DSA Platform

To work as a DSA agent, the first step involves comparing and evaluating several banks or Fintech platforms that align with the loan products you want to offer. Compare factors such as product range, onboarding process, support, and market presence before applying.

Step 2: Submit the Application

Visit the lender's official website or connect with its partnership team to begin the bank DSA application process online. You will have to share your basic details here, like Name, age, nationality, address, bank account details, etc. 

Step 3: Upload the Required Documents

Keep your KYC and business documents ready. Most lenders ask for:

• PAN Card
• Aadhaar Card
• Address proof
• Passport-size photographs
• Cancelled cheque
• Business registration documents (for firms or companies)

Having all the DSA registration documents required in advance can help avoid delays during the verification procedure. 

Step 4: Verification and Background Check

The lender reviews your application, verifies the submitted documents, and may conduct additional checks based on its internal policies. Some banks may also schedule a discussion to understand your experience and business profile.

Step 5: Sign the DSA Agreement

Once your application is approved, you'll need to sign the DSA agreement. This document outlines the terms of your partnership, including responsibilities, commission payment, confidentiality requirements, and compliance with the lender's policies.

Step 6: Receive Your DSA Code

After completing the formalities, the bank or corporate DSA assigns you a unique DSA code, which is used to identify the loan applications sourced by you and to track commissions.

Step 7: Start Sourcing Loan Customers

Once your registration is complete, you can begin sourcing customers, collecting documents, and submitting loan applications through the lender's prescribed process.

DSA Agent Income Tax & GST Rules 

Here’s what you need to know about DSA agent income tax and GST rules. 

Income Tax

• Report your earnings under “Profits and Gains from Business or Profession” in your ITR.
• You can deduct business-related expenses such as internet, mobile bills, travel, marketing, conveyance, and depreciation on a laptop or bike (proportionate to business use).
• Banks usually deduct TDS (5–10%) on your commissions. You can claim this TDS as credit while filing your return.
• If your annual turnover is up to ₹2 crore, you can opt for presumptive taxation (Section 44AD),  declare only 6–8% of your turnover as taxable income. This makes filing very simple.
• Keep basic records and preferably a separate bank account for DSA commissions.

GST Rules 

• You generally do not need to charge GST or register for GST.
• The bank or NBFC pays GST on your commission under the Reverse Charge Mechanism (RCM).
• GST registration becomes necessary only if your turnover exceeds ₹20 lakh (₹10 lakh in special category states) or if you have other taxable supplies.

Note: This is a general overview for DSAs. Rules may vary slightly based on your total income and location. For best results and to maximize deductions, consult a professional advisor. 

Conclusion

Becoming a DSA doesn't need a finance background or a big investment to get started. You just need the right documents and a willingness to learn how each lender works. If you want to build a real income from this opportunity, understanding the products well enough is important to help the clients effectively and grow your commissions. 

Although several other banks offer DSA partnerships, you can compare and evaluate the list given above to begin your DSA career. 

Disclaimer: The information provided in the blog is for informational and educational purposes only. While every effort has been made to provide accurate and updated information, the details may vary as per different sources. You are advised to consult qualified professionals before making any decision.  

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