The Direct Selling Agent (DSA) agreement is a legal agreement between a company and an agent authorized to sell/market a company`s product on its behalf. The direct sale agreement sets out in writing the terms of the agreement between the company and the agent and identifies areas such as limitation of liability, territory, use of intellectual property, commission, terms of return, etc. One of the most important aspects of any direct sales agreement is the use of the right to use the company`s trademarks representing the agent and restrictions on the use of the mark. In addition, detailed information relating to the commission or compensation to be awarded to the direct seller at the conclusion of a sale must be clearly stated in the direct sale agreement. The tiny deposit system (“Pigmy”) was set up in 1928 by the Syndicate Bank. The public sector bank collects deposits of up to 5 litres per day at depositors` doors through its “pig” agents. Currently, a deposit collector/agent gets salaries of 750 euros us on a collection of 7,500 euros per month. For collections over $7,500/month, they receive an incentive of 2 percent of the amount collected. Direct Selling Agent (DSA) is a person or entity hired on its behalf by financial institutions or a company. A direct salesperson differs from an internal salesperson in that the DSA is not on the company`s roles, has a fixed contract term and would have performance-related compensation.
On the other hand, a salesman would be employed in the company, would have a fixed monthly salary and can only be dismissed under the terms of labour and labour laws in India. Regarding the court price, on a monthly collection of more than 3 Lakh and up to 5 Lakh, a deposit collector earns an incentive of 3 percent. If a deposit collector does not meet the minimum collection target for two consecutive quarters in one year, his contract with the bank is cracked. In addition to Syndicate Bank, vijaya Bank, Indian Bank and UCO Bank are among the other banks with tiny deposit systems. Pawn collectors reach low and medium-sized wages, small entrepreneurs, entrepreneurs, craftsmen, freelancers and housewives. In the case of the All-India Bank Deposit Collectors` Federation (Ernakulam) and the All-India Bank Deposit Collectors Workmen Union (Mysore), in relation to the Association of Indian Banks, the President of the Court ordered deposit collectors operating in areas classified “A,” “B” and “C” to collect at least 3 Lakh, 4 Lakh and 5 Lakh per month.