Banks is an essential part of a country
economy. It is the backbone and support of the country which makes it very
prominent for development and growth prospects. To meet this needs the banking
sector is always improving and changing in terms of security, services and
creditability. The developing country like India that aims for being the Global
Superpower by the year 2025 has to be very fast in adapting to new technology
and new ideas that can improve the banking system.
List of Banking service Provided by the Bank
Net Banking
Net Banking or internet banking is a
banking service which helps the customer to use the banking without leaving the
house or home. It can be done by using the laptop or PC and an internet
connection. The internet banking can be used for various task like fund
transfer, Bank balance check, account statement etc.
Mobile Banking
Mobile banking is similar to the net
banking in many ways the only difference being the use of mobile device instead
of the pc or laptop. It is however a little limited with the usability as there
are some limit imposed on the mobile banking for some banks. Different banks
vendor have different mobile app services.
Savings Account
Savings Account is the traditional part of
a bank and the concept of the savings bank has not yet changed in any terms.
These types of account are aimed to save the hard earned money which provides
the people with option to save for their needs and want. Savings account offers
interest on the amount of money you deposited.
Current Account
Current Account is the account best
suitable for the businesses who wants to use the banking system often without
requiring much of limitation in any way that savings bank posses. Some bank
does provide an interest on the amount deposit and some don’t but regardless to
say this account is very beneficial if you have a business that require
continuous transition requirement.
Payments Bank
Payment bank is a new concept of banking
that uses a digital wallet instead of bank account for the transaction. You can
transfer fund from wallet to wallet or form wallet to bank account. It is made
for introducing banking system in daily activities like buying groceries etc.
Source- Bank IFSC Code
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