Personal Banking Services | Financial Services | Online Banking Services
Electronic money exchange has become one of the catalysts of an E-commerce payment system. With the hype in Online shopping & banking in the Digital world, there is a widespread upsurge in online payment transactions in India.
“As per Statista, nearly 660 million Indians are accustomed to the use of Online Payments that will contribute to approximately 2.2% to the world’s digital payment market.”
Prepare a list of the essential elements of your everyday life apart from the 3 basic needs of food, water & shelter. What falls on your priority & imperative list that can’t be missed at any cost, without which it seems like your life would come to a halt?
“The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight-of-hand that was ever invented.” – Josiah Stamp
“Gold and Silver are Money…Everything else is Credit.”- J.P. Morgan
Ask yourself, Do you Live to Work or Do you Work to Live?
Probably the majority of us will go with the latter. Each one of us works to give ourselves and our family the lavish lifestyle that we have always dreamt of. But in the present scenario when we all are stuck amidst the pandemic crisis, an excessive recession, the shutdown of businesses, no prospective way to earn income through investments the primary concern & struggle for every family is to earn enough to sustain a livelihood. Also, the human tendency to be futuristic never fails to persist.
As times have passed humans have become highly dependent on machines, instead of machines being controlled by humans. Digitalization and technology as a matter of fact have traversed into every sector of the economy and machines have become an essential part of everyone’s life. Going online and being digital is extensively followed by all industries, be it entertainment, medical, hospitality, government services, or even banking!
Nowadays, it is said that we carry the bank wherever we take our phone or tab, this is because banks have introduced digital banking for all their services and other customer assistance. The various e-services offered by the banking sector of today are transfers, e-payments, e-stamping also known as a franking, and others.
What is franking?
When you are young and on your toes, there is enough finance to meet your daily needs, as you are working and have different ways to earn money. But, once you hit 60 or become a senior citizen, you can rely only on your savings and your kids and close ones to fend for you. That is not true, you can go on forward towards the banking sector to fulfill your requirements of the latter years.
Banks have great money-saving and financial advantages, just for your section of society!
As we all know the Covid-19 pandemic or the novel corona virus has caused grave loss to the entire world economy, irrespective of what sector you work in be it the retail sector, the entertainment sector, or even the banking sector.
Claws Of Corona on the banking domains!
Corona hasn’t spared anyone. The financial sector has faced a loss of about 56.22 trillion in March itself. The pandemic has changed the way of banking, if not completely then to a great extent. Like every other business, they too! have taken deeply to the online world following digitization, there is a requirement for manual work only where necessary. The other banking services and functions are easily available online or on digital media.
The virus has spread into all the banking domains be it’s commercial banking, retail banking, corporate banking, union banking, and co-operative banking. The sectors most affected in the banking front are Corporate Banking and Commercial Banking.
Let’s take a closer look at how the virus has hampered both!
Continue reading “Covid-19 Pandemic And The Current Banking Problem”A safe deposit locker is a highly secure, individually maintained container held with a bank or a financial institution in a larger area called a vault, wherein the account holders or facilitators can safely keep all their valuables ranging from ornaments, antics to documents and other papers away from any sort of damage and thefts.
The safe deposit locker service like other services is available against a fee paid by the customer on a monthly or yearly basis in advance. Nowadays booking lockers can be done effortlessly on the online medium of the bank or the financial institution too, so it is not compulsory for you to visit the bank branch for availing the safety deposit locker.
In today’s era, everyone has a mobile phone and a bank account. The phone is used for various purposes and in these technologically fast times, mobile phones are also used to extend out towards the finance and the banking sector through different methods and channels such as messages, calling, chats, and the quickest of all the missed call banking method.
What is missed call banking?
Continue reading “The Benefits of Missed Call Banking”Personal banking is the banking service or product offered by banks and financial institutions to retailers and the common public rather than businesses and different entities. Personal banking includes savings and transaction facilities like bank transaction account, debit cards/EFT, interest bearing account and fixed interest account for term deposit varying from bank to bank. It also enables various debt benefits such as mortgages, loans, credit cards etc.
Advantages of Svsbl personal banking:
Make sure you hydrate: the most common cause of kidney stones is not drinking enough liquids, especially water. Drink up! Your kidneys will thank you later. Today Is World Kidney Day Let’s celebrate with awareness and care. #svsbl #worldkidneyday visit: https://www.svsbl.com/
Personal Banking India 