sturm der liebe neue darsteller 2021 | dairy farmers of america capital retains
The Social Security portion is taxed at a rate of 12.4 percent and is not payable on self-employed income above $132,900 for the 2019 year. Assets that are not used in a trade or business when sold may trigger additional taxes on top of long-term capital gains when specific thresholds are met. In determining the site for the new facility, St. Johns was selected due to the growing supply of milk in the region, the transportation infrastructure in the region, proximity to customers, and the positive business environment and strong local workforce reputation in the region. ;s]}1)Y_u^uoLhJ]MgszzuY(f=1UC?N1xqO1k Property used in the trade or business and involuntary conversions. 1405 N. 98th St. Kansas City, KS 66111 888-DFA-Milk. The farm also consists of 1,800 acres of crops, a milling company, custom harvesting, custom heifer raising and manure injection businesses. The organization was renamed "Dairy Farmers of Canada" in 1942. @@@@@@@@@AAABBAA@@AABBAAAA@@AAAAAAAACCCCCCCCCCBBBBCCBBA@@@AA@@AAAABBBBBBBBBBBBBBBBBBABBBBBBAAAABBBBCCCCCCCCCDDDDDDDDDDDDDDDDCCCCCDDDCCCCCBBACCDDDDEEDDDDDDDDDDDDDDDDCCCCCCCCCCCCCCCCCCCDDEEEGGFFFFGGFFFFFFFFGGGGGGGGGGGGGGGGHHGGGGFFGGGFEDDDFFFFFFFFEEEEEEEEEEEEEEEECDDEEDDCCBBBBAAA@@@@@@@@?>======<== ! These taxes include a 3.8 percent Net Investment Income Tax and the .9 percent Medicare tax. 0000004678 00000 n This will allow you to shift to a different type of farm and manage the tax liability while maintaining income and cash flow. Last edited on 13 February 2023, at 03:37, "Provincial and National Dairy Organizations", "Number of farms, dairy cows and dairy heifers", "Federal government provides $2.7M in funding to Dairy Farmers of Canada", "Dairy Farmers of Canada unveils new logo", https://en.wikipedia.org/w/index.php?title=Dairy_Farmers_of_Canada&oldid=1139055627, This page was last edited on 13 February 2023, at 03:37. On February 1, 1994, Dairy Farmers of Canada merged with the Dairy Bureau of Canada, the national non-profit organization responsible for the overall promotion of Canadian dairy products. As president and chief executive officer, Alan leads the executive leadership team to ensure the overall health of DFAs Dairy Brands Division. Our mark matters and it represents the wholesomeness of dairy that we share with our communities and loved ones. In addition, he served on the United Dairy Industry Association board as a delegate for 10 years and one term on the National Dairy Promotion and Research Board. ""###$$%%&%%%%%%%%%%$$$%&&(''&&''('()**+*****+,-//..///00001111222222221111233444444444444433333345667789:;;:989999:::::::::;;;:;;<<<>>>>????@@@@@@@@@@AAAABBCCCBCCDDEDCCCCDEBBBBAAAAAAAAAAAA@@@@@AAABBAAAA@@@@AAAABBBBAAAA@@BBBBBA@?AABBBBAAAAAAA@@@@@AABBAABCDCAAABAAAAAAAAAAAAAAAABBAABBCCCCCCCCCCBBBBBBBBCCCCCCCCCCCCCDDDCCCCCCCCDDDDDDDDDDDDDDDDDDDDDCCCBBAAABBCDDDCCCCCDDDDEEEEFFFEEEEDFFFFFFFFGGGGGGGGFFFFFFFFFFFFFFFFFFFEEEEDEEEEEEEEDDDDDCCCDDDDDDDDCDDEEDDCCCCBBBBABAA@?>>=? Fitch Affirms Dairy Farmers of America Inc.'s IDR at - Fitch Ratings It is a member of the non-profit Canadian Federation of Agriculture. Special note on Trade-ins: Sale amounts above the original acquisition price or basis will also be considered as depreciation recapture on post-1999 traded-in items used in the sold assets acquisition before long-term capital gain will be allowed. Senior Vice President of Finance and Chief Treasury Officer. Modify what you plant and harvest as you wind down. The organization is run for producers, by producers. Dairy Farmers of America Inc. (DFA) is a national milk marketing cooperative in the United States. Dean serves on the local school board and is a graduate of the LeadNY program. Alan is also a member of DFAs Executive Committee. If the owner has not participated in farming or a trade or business there is a point that those assets will no longer be considered an asset used in a trade or business. 0000002362 00000 n Learn more about us. Forbes-Brown, S., Micheels, E.T. Dairy Farmers of America, Inc. Maintenance Manager Job in Richmond, IN He runs John Wuebker Farm with his wife, Nancy, and their nephews. A recent initiative by the organization was to have dairy products that contained 100 percent Canadian dairy products indicated by using a specific label that states, "100% Canadian milk". The average employee at Dairy Farmers of America makes $48,056 per . Teach Nutrition provides tools and resources for teaching health and nutrition from early childhood to high school. Run for farmers by farmers, Dairy Farmers of Canada (DFC) is the voice of Canadian dairy farmers. DFA is an organization of local, family farmers from across the country, which means that we're owned by the family farmers we passionately serve. At Dairy Farmers of Canada, delicious milk is just the beginning. Careers. Tom is a fourth-generation dairy farmer. Keith started in the dairy business in 1981 and milks with his two sons. They are revolved back to members after a certain period of time. He previously participated in DFAs Young Cooperators program and served as a delegate for DFA. Kevin has been in the dairy industry his entire life. In addition, I would like to thank the State and City authorities for their continued support and of course our great partners, DFA & Select Milk Producers. , Rance Miles, CEO of Select Milk Producers said, This partnership began two decades ago with the creation of the Southwest Cheese JV by bringing dairy farmers, processors and local communities together to achieve beneficial results for all. Most recently, he served as chief executive officer of Tree Top, Inc., a fruit cooperative in the Pacific Northwest. Dairy Farmers of America Inc - Company Profile and News Ask for help, there are many individuals and agencies willing to assist. The farming life has always been a highly respected occupation, but not easy. At Dairy Farmers of America, we're proud to share the simple pleasures of real dairy straight from our family farms. Dairy Farmers of America Inc. (DFA) is a national milk marketing cooperative in the United States. 0000000016 00000 n He joined DFA in 2003 and has held various roles within the Western Area, including vice president of fluid milk operations and vice president of operations. Senior Vice President and Chief Operating Officer, Beverage and Dairy Foods. Dairy Farmers of America, Inc. is an equal employment employer and is committed to providing employment opportunities to minorities, females, veterans, and disabled individuals. KANSAS CITY, Kan., Sept. 15, 2022 /PRNewswire/ -- Dairy Farmers of America (DFA), a national dairy cooperative with more than 11,500 family farmers, has been selected to receive up to $45 million . In addition to his duties as second vice chairman of DFAs Board of Directors, Dan is a member of DFAs Executive Committee, a member of the National Milk Producers Federation board and is the chairman of DFAs Southwest Area Council and the Greater Southwest Agency. Handyhills milks 120 cows and has 1,000 acres of corn, beans, alfalfa and grass for forage. At Dairy Farmers of America, our diverse network of family farms are located all across the country. And while their family traditions vary from one farm to the next, some things are always the same like their commitment to the land, their animals and the families they feed. He began managing the dairy in 1980 and introduced three younger partners to the business in 2013. John has served as vice president of the New Mexico Dairy Producers board and as secretary for DFAs Southwest Area Council, where he has been active on the corporate Fluid Marketing and Public Policy Committee, as well as the hauling, membership, finance and plant committees. [4], The Dairy Farmers of Canada "Quality Milk" logo is used to help consumers identify products that contain 100% Canadian milk and Canadian dairy products. Dan and his partner, Clayton Winger, milk 3,600 cows and raise their heifers in southwest Kansas. 1245. Nutritionals Julie joined DFA in 2017 with 20 years of experience in internal audit, compliance and regulatory leadership roles. She formerly served as a delegate and Southeast Area Young Cooperator Steering Committee member. 0000004513 00000 n Factors include the current tax brackets, the tax basis of the asset, as well as other variables. In addition, he farms more than 3,000 acres of crops on a pivot irrigation system. By leading innovative research, providing nutritional education, and promoting healthy living, we work every day to make Canadian milk better. REQUEST A DONATIONfrom the DFA Caresfor your local food bank. to provide capital for the creation of new co-ops and to help . Bill is an active member of the community, coaching eighth grade basketball. Lilah is active in the industry, serving as a director on several boards, including American Dairy Association of the Midwest and North Dakota Beef Promotion Commission, where she promotes the beef side of dairy. Brian is a fourth-generation farmer and has been active in DFAs Young Cooperator and Emerging Leaders programs. Milking Profits: The Dairy Monopolies That Are Hurting Farmers James H. Hilker - The balance sheet will contain the assets (and debt) that each entity owns and this detail will assist in analyzing potential tax liability on the sale of any assets. The sale of these raised cows and bulls are taxed as long-term capital gain, which is taxed at a lower tax rate. The last few years have been disappointing for many farmers with decreasing revenue. Jeff serves as chairman of the Mideast Area Council and is on DFAs Executive Committee. 2019 DFA Strategic Plan by Dairy Farmers of America - Issuu The family also has a large maple sugaring operation. 0000002160 00000 n David, in partnership with his brother and son, milks 500 cows and grows grass and corn silage on 1,100 acres. The Hulls grow corn and hay, and they also raise angus calves and replacement heifers. Member equity/retains. DFA Cares. Once the feed inventory is reduced the remaining herd may be sold and then you may consider selling or renting the land as it is no longer required. Cheese, See The family received the Maine Dairy Farm Family of the Year Award in 2008. On Fair Hope Farms, they care for nearly 200 livestock, milk about 70 cows and manage a broiler operation. Jim Hilker: Tax Considerations When Exiting Dairy Farming Jay currently serves on a number of industry leadership groups and company boards. Originally called the Canadian Federation of Milk Producers, it was part of the National Dairy Council (an organization representing dairy processors). Larry and his family started dairying in Muleshoe, Texas, in 1978, with one heifer that calved in the truck. Bill has served on DFAs Corporate Resolutions Committee for 16 years, has been a member of the Ohio Dairy Producers Association for 12 years and joined American Dairy Association Mideast in 2018. He is also involved as an elder at Hickory Ridge Community Church. Bill and his wife, Sandy, have four children Brett, Beth, Doug and Greg and nine grandchildren. Fitch Ratings has placed Dairy Farmers of America, Inc.'s (DFA) Long-term 'BBB' ratings on Rating Watch Negative. Prior to coming to DFA, he spent 15 years with Dean Foods, holding several positions, including regional chief financial officer and vice president of finance for the Fresh Dairy Direct Division. Travis milks 990 cows in partnership with nine family members on their 2,500-acre operation, Stonyvale. He is a member of the Prairie Heights FFA Alumni Association, Stroh Church of Christ and Steuben County Board of Zoning Appeals. Stephanie Schoening equity@dfamilk.com. % Any unpaid principal is carried over to a future year and is taxed in the future. He is a past president of the South Box Elder County Farm Bureau. He is also manager for the Greater Southwest Agency board. A part of DFAs management team since 2007, he previously served as executive vice president of DFA and president of council operations and Ingredient Solutions. Brian owns and operates Tuleview Holsteins with his family. They also farm 1,200 acres, raising all their own forage and farming corn, soybeans, hay and timber. EBITDA including associate dividends and capital retains increased to $558 million based on Fitch adjustments in 2021 compared to EBITDA of about $520 million in 2020. Dairy Farmers of America completes acquisition of Dean Foods ""##$$%%&&%%%%%%%%%$$$$%&&((''''((()**++++***+,-/0..///00001111222222222211234455555555555444444455678889:;;:989999:::::::;;;;;:;;<<<<<<=====>>>>>>????@@@@@@@@AAAABBBBCCBBBCDDEDCBBCDEBBBBAAAAAAAAAAAA@@@@@AAABBAAAA@@@@AAAABBBBAAAA@@BBCCBA@@AABBBBAABAAAA@@@? Patricia milks 80 registered Holsteins and raises corn, oats and alfalfa on 543 acres at Sweet Meadows in Madison, N.Y. She is active in the industry, serving on the National Dairy Research and Promotion Board as well as the American Dairy Association and Dairy Council. Stronger asset sale values will be maintained as they will not be sold at distressed sale values. Additionally, Larkin raises chickens and peacocks. Family involvement is key to his operations success the family strives for high-end genetics and high-quality milk from their herd. [3], In January 2019, the federal government of Canada gave $2.7 million to the organization. The tax is calculated on the gain and is considered long-term capital gain if the land was owned for more than 12 months. As chief food safety officer, Rob leads the Cooperatives enterprise food safety, quality and regulatory services functional area. Pat has worked for DFA since 2009 and has held a variety of leadership roles, including president of DFAs legacy Fluid Milk and Ice Cream Division. This may not necessarily coincide with the sale of a farm and exiting the business. Net sales in 2016 were $13.5 billion, representing about 22 percent of raw milk production in the United States. On the farm, they raise all of their own replacement heifers, double-crop 850 acres with corn and winter forage and farm 300 acres of almond trees. Just like many other businesses, farms may be set-up in one or more business structure(s). Sandy joined the Cooperative when Dairylea Cooperative merged with DFA in April 2014, and he has served on various local, state and national boards. Manufacturers PDF United States Department of Agriculture Dairy Cooperative Growth Challenges The equities and retains are tax-free when distributed back to the farm in later years assuming they were taxed when issued. Per-unit retains can be issued as capita l certificates , permitting the coo perative to retain 0000002965 00000 n He, along with his son, James, and his daughter, Lela, now milk 4,000 cows in three barns and farm 5,000 acres. Angela works with these groups to grow and develop leaders at every level who deliver excellent business and people outcomes; attract and hire industry talent; and deliver optimal workforce productivity and performance through effective and efficient teams, structure and employee and labor relations. If the sale can straddle two years it is easier to manage the potential tax liability. For 2022, Fitch projects DFA's EBITDA around $540 million, slightly lower than 2021, reflecting inflationary cost pressures. DFA manufactures a variety of dairy products, including cheese, butter, fluid. Glanbia %%EOF Prior to joining DFA in 2015, Jeff spent 29 years with Dean Foods in various roles, including vice president of IT corporate functions. PDF INCOME TAX TREATMENT OF COOPERATIVES: Distributions, Retains Bartley Dairy Farm, which has been in the family since 1849, also raises its own replacements. They have a 400-cow-and-calf beef operation and raise 275,000 chickens. Mideast. Working closely with your lenders will be important if this is a consideration. All of the gain or profit on a sale is treated as long-term capital gain if the asset was depreciated using the straight-line depreciation method, long-term capital gain receives a more desirable lower tax rate treatment. >> DAIRY FARMERS OF AMERICA Richmond, IN Posted: March 04, 2023 Full-Time Job TitleMaintenance Manager LocationRichmond, Indiana Description The Maintenance Manager provides leadership and direction to plant maintenance function of a 24-hour, 7 day a week operation. All still help on the farm, with Brett and Greg helping full time on the operation. The decisions made to change one area can affect many other areas. The family raises all young stock on the dairy and has incorporated a small beef operation as a result of Angus crosses. Where We Are | DFA Milk - Dairy Farmers of America Pete is also in partnership with two of his sons on their 650-cow Jersey dairy. [9] In 2014, DFA acquired Oakhurst,[10] and Dairylea Cooperative Inc. merged with the farmer-owned Cooperative. If the 1245 property is sold above the purchase price, the sale price above the original purchase price will be taxed at long-term capital gain rates. In 2017, Danelle was recognized in Ingrams magazine 40 Under Forty list. Dairy Facts. In addition, she leads farmer-owner development programs aimed at fostering the next generation ofDFA and industry farmer-leaders. Long-term capital gains are gains on the sale of assets that were held for more than a year. Kent and his brother operate Herman Dairy Farm, and they are assisted by Kents son, Colby, and son-in-law, Clayton, in milking 450 cows. 681 0 obj<> endobj The per-unit retain is a distribution based on the volume or value of product marketed through the cooperative by the patron. Its a shared purpose we all believe strongly in.. The family milks 200 registered Holsteins at Wil-San Farm and farms 300 acres, growing alfalfa and corn. Dairy farmers are having to consider a number of life changing decisions that they never thought would come. Senior Vice President and Chief Communications Officer. That direct, personal connection to the farm makes each bowl of ice cream even sweeter and that's why This Mark Matters. If you would like to help, donate to DFA CaresHERE. John and Nancy were awarded the Mideast Young Couple award in 1998. He is also chairman of DFAs Western Area Council and a member of DFAs Executive Committee. Dairy Farmers of America - Overview, News & Competitors - ZoomInfo We are a purpose-driven cooperative, working to enrich communities and consumers' lives through all the possibilities of dairy. Ordinary gain is only generated on depreciation taken that is accelerated or faster than the straight-line depreciation methods dollar amount over the assets life. With more than 16 years of experience, Angela joined DFA in 2018 as the vice president of human resources for commercial operations. It can be used to help spread out the taxable income and may lower the tax bracket used. ?>>?>= David also serves as the town supervisor for the town of French Creek and is the chairman of the administrative board for his local church. They are kept back by the cooperative as equities or retains to provide capital to build and carry on business activities. Many farmers will stop farming but continue to rent land and other assets for a long period of time. It is important to identify how you are structured. Check out the MSU Dairy Management Program! He serves as treasurer of DFAs Board of Directors, is a member of the Executive Committee and is chairman of the Northeast Area Council. The Pattens are third-generation dairy farmers and have two children. Breeding cows, bulls and horses are an exception and must be held two years to generate long-term capital gain. << Perry served on the California Milk Advisory Board and as dairy chairman for the Kern County Fair. He currently holds a leadership position on the Pennsylvania Dairy Promotions Program, and he has received multiple awards from the National FFA Organization. As part of the deal, DFA would acquire 44 of Dean's plants. Thats why DFA is committed to helping where we can through our DFA Cares Foundation, which was created by our family farmer-owners to help meet this increased need. Prior to joining DFA, Jackie spent nearly 15 years in Washington, D.C. as a congressional aide and then representing agricultural interests before Congress and regulatory agencies. Central. Prior to joining DFA, Andrew practiced law at the international law firm now known as Bryan Cave Leighton Paisner LLP, and began his career at The Boeing Company. In lieu of the higher tax liability usually generated on machinery and equipment sales, leasing the machinery and equipment may be an option to consider. Nerd Herd. They mean providing opportunities for rural communities to thrive, sharing nourishment to those in need and preserving natural resources for future generations. - Last updated on DFA became the sole owner of DairiConcepts in 2015,[11] which was once a partnership between DFA and Fonterra Co-operative Group Unlimited. The Net Investment Tax issue may arise (assuming there is not a change in tax law) when the owner decides to sell assets such as land long in the future. 330-670-7800. He provides end-to-end leadership for all aspects of the people function including talent management, learning and development, talent acquisition, executive and total compensation and rewards, employee and labor relations, employee engagement and organizational development. @AAAA@BCDCBABCBBBBBBBBBBBBBBBBBBBBBCCDCCCCCCCCBBBBBBBBCCCCCCCCCCCCCDDDCCCCCCCCDDDDDDDDEEEEEEEEEEDDDDCCBBBBCDEFDDDCCCCCDDDEEEEEFFFFEEEEFFFFFFFFHHHHHHHHFFFFFFFFFFFFFFFFFFFFEEEEEEEEEEEEEEDDDDCCEEEEEEEEDDEEEEDDCCCCBBBBBBA@?>==@?>=<<<<<< !"" Please seek the advice from trusted legal and tax practitioners familiar with these situations. His father, Lynn, started the farm in 1958 with 10 cows. PDF Base Capital Financing of Cooperatives - Rural Development They raise all their replacement heifers and grow alfalfa, corn and oats. 1245. The variety of creative exit options can be dramatically different from one another depending on your needs, flexibility and the prospective buyers/renters needs and capabilities. In partnership with his brother, Randy, and nephew, Russ, they milk 100 Holstein cows and farm 1,200 acres of corn, soybeans, wheat, grass and alfalfa on their century farm, O-Rich Dairy. Executive Vice President, Chief Administrative Officer, and Secretary. He joined DFAs predecessor cooperative Milk Marketing Incorporated (MMI) in 1995 working in field operations, milk hauling and dairy farm inspections. Six robotic milkers and an automatic calf feeder are currently used on the third-generation dairy. He also served in milk supply, operations and procurement roles for Dean Foods. He is also a member of the American Dairy Science Association, Institute of Food Technologists and International Association for Food Protection. As of Dec. 31, 2020, DFA had not drawn on its $725 million five-year unsecured credit facility that matures in November 2024 with a $250 million accordion feature. The rent income typically can offer needed stable income for years to come. ""##$$%%&&%%%%%%%%%$$#$$&&((''''((()*+++++))*+,./0..///00001111222222222222234555555555655554444556788889:;;:989999:::::::;;;;>>>>>?????@@@@@@@@AAAABBBBCBBABBDDEDCBBCDEBBBBBAAAAAAAAAAA@@@@@AAABBAAAA@@@@AAAABBBBAAAA@@BCCCBA@@AABBBBAABBAAAA@@?? 32% of Dairy Farmers of America employees are women, while 68% are men. This new facility in Michigan under the same JV partnership is a continuation of that success., Copyright - Unless otherwise stated all contents of this web site are 2023 - William Reed Ltd - All Rights Reserved - Full details for the use of materials on this site can be found in the Terms & Conditions, Related topics Byron has served on Midwest Dairys division board since 1998 and on its corporate board for more than 10 years. These animals usually carry a zero tax-basis since the cost of raising them has been already deducted as a normal farm expense if you are a cash-basis taxpayer on Form 1040 Schedule F. Late bred close-up heifers if over 24 months of age may also be included under Section 1231. We have an incredible team of employees who bring our mission to life every day. How much youll pay depends on a number of factors. As executive vice president of DFA and president of Dairy Brands North, Pat is responsible for the Central, Mideast and Northeast regions, as well as the divisions cheese and butter businesses and extended shelf-life groups. DFA markets members' raw milk and sells milk and derivative products ( dairy products, food components, ingredients and shelf-stable dairy products) to wholesale buyers both domestically and abroad. ?= !! %%&&&&&%%$%%%%%%%%%%%%%&&&%&&&'((()))*********,-./../0121111223333333332333344444555566554333444444566788899999::;;;;<==<<==>>>>=====>>??@@@?@???@ABBBBBCCCCDCCCBCCDEFFFFFGGGEEDCBBAA??? In her free time, Kristine enjoys photography, playing piano and singing. He also sits on the National Dairy Promotion and Research Board and is a proud grandfather. Depreciation recapture is deemed ordinary income gain and is taxed at short-term capital gain rates. They milk 450 Holsteins and farm 800 acres of corn silage and haylage. In 2014, he was recognized for his leadership in the Missouri dairy industry with the Missouri Dairy Legacy Award, and was named Director of the Year by the National Council of Farmer Cooperatives. In 2020, Larry was named chairman of the U.S. Dennis also previously served as senior vice president and chief operating officer for three of DFAs Area operations the Mideast, Mountain and Western Areas. Farms with his wife, Holly, and son, Luke. He currently serves as chairman of Newtrient, vice chairman for the Innovation Center for U.S. . Issued in furtherance of MSU Extension work, acts of May 8 and June 30, 1914, in cooperation with the U.S. Department of Agriculture. Corey serves as the chief operating officer in the Mountain Area. Valerie owns and operates Blumer Dairy with her husband, David. In his current role, Martin is responsible for DFAs global ingredient and food service business. John served on the Corporate Resolutions Committee for 11 years and served on the Northeast Area Council for three years. Milk Some of the more common tax types that would be associated with farm asset sales include: Understanding the different tax types, asset disposition associated with a tax type and the corresponding rates will assist a farm owner to take a more measured approach to when and how to sell or lease/rent an asset to limit tax liability.
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As a part of Jhan Dhan Yojana, Bank of Baroda has decided to open more number of BCs and some Next-Gen-BCs who will rendering some additional Banking services. We as CBC are taking active part in implementation of this initiative of Bank particularly in the states of West Bengal, UP,Rajasthan,Orissa etc.
We got our robust technical support team. Members of this team are well experienced and knowledgeable. In addition we conduct virtual meetings with our BCs to update the development in the banking and the new initiatives taken by Bank and convey desires and expectation of Banks from BCs. In these meetings Officials from the Regional Offices of Bank of Baroda also take part. These are very effective during recent lock down period due to COVID 19.
Information and Communication Technology (ICT) is one of the Models used by Bank of Baroda for implementation of Financial Inclusion. ICT based models are (i) POS, (ii) Kiosk. POS is based on Application Service Provider (ASP) model with smart cards based technology for financial inclusion under the model, BCs are appointed by banks and CBCs These BCs are provided with point-of-service(POS) devices, using which they carry out transaction for the smart card holders at their doorsteps. The customers can operate their account using their smart cards through biometric authentication. In this system all transactions processed by the BC are online real time basis in core banking of bank. PoS devices deployed in the field are capable to process the transaction on the basis of Smart Card, Account number (card less), Aadhar number (AEPS) transactions.