Banking Solutions For Customer

Personal-Finance When Banking started of for Independent India, you had Nationalized and regional banks handling the countrys finances. As the years progressed you had more branches opening up. The 80s and 90s saw a whole lot of Global Banks like Standard Chartered, Barclays, Grindlays opening their banks up in India. Still banking didnt seem to be convenient. The modus of transaction was pretty gloomy and boring with people having to wait their turns to visit the tellers counter to .plete their transactions. With technology coupled with the internet .ing into play banking solutions have be.e more custom made for the average consumer. Online Banking ensures that a person is tuned .pletely with his finances at any given point from any part of the world. Ditto for mobile banking. The last couple of decades also saw numerous Indians migrate abroad on a bid to pursue their lives and carrier. Getting monetary transactions wasnt easy then. Postal services and courier faux passes werent that convincing. Now with banks offering many solutions NRI Banking has also been made easier. Various facilities for NRI Banking consist of NRI Savings account, NRI Term Deposits and provision to remit money to India. Mobile Banking and Online Banking also offer Mobile bill payment and online bill payments respectively. Typical business banking ensures .mercial as well as retail banking services. In .mercial Banking, various corporate entities and major industrial houses are liable to be offered loans to proceed with their business and financial .mitments. This kind of banking is generally profitable as it includes a large amount of money. Incase of retail banking services which is basically mass marketing business transactions, direct transaction with individuals which includes loans, various accounts and deposits, and locker facilities banks look to improve their consumer base. Establishing good customer relationship strengthens your financial base as with every major deal that you incorporate via your customers adds to your treasury. As of now the Retail section is undergoing a strain courtesy the recession. The failure to repay debts has seen the fall of global financial houses. So it is very important that a thorough examination is done to ensure know your customer (KYC) norms prior to issuing major loans. Banks also provide special facilities to their HNI (High . individual) worth customers. These people generally have a huge amount invested with the financial house and indulge in hefty transactions. They are provided with world class banking facilities termed as Priority Banking and Premier Banking, both words justifying their meaning. Savings account for the average investor has also been made easier where you no longer need a referral to open an account or minimum balance to save in your account (* condition applies in both cases). Currently the major Global players in the Indian Finance Sector include Standard and Chartered, HSBC and Barclays. Banks of Indian origin that have gradually made waves include ICICI, HDFC, SBI and Axis Bank. All in all modern day banking has every element that ensures Wealth Management Services for the longer run. About the Author: 相关的主题文章: