There are really great benefits and perks to online banking. You can take care of easy transactions, balance transfers, manage your financial assets and consider your banking investments - plus you have big names in the industry such as Bank of America online banking and Wachovia online banking to back up in customer service. However, although convenient and great, there are some down sides to online banking as well.
If you are mostly an offshore banking customer like myself - rarely would you go visit a branch. You have direct deposit, online checking and savings account and you manage your credit cards through online banking. Recently, I have encountered a problem in which I made two payments - both to the same credit card company, and now I am low on my checking account and I expect to pay a penalty fee for that.
I thought that the first payment did not go through so I made a second one, and it ended up that I paid both and I do not have enough funds in my checking to pay for both credit cards. So it is technical problems like these in online banking that might bring up problems. Additionally, because all technical related issues are being handled over the phone, you really do have have that face to face customer service - rather cold, technical and manual-oriented online banking service.
With the advancement of technology and the birth of competition, banks are in the race of becoming the best in the country. With an eye upon customer satisfaction policy they are providing best of the best services with the minimum hazards.
Banks like ABN AMRO introduced banking with a coffee. It made a tie-up with one of the best coffee bar in the country, Barista and remained open till late evening for customers with a setup of a coffee bar in the premises.
Few banks have introduced world ATM card to make travellers across the globe more safe and secure. What else. Internet and Phone Banking is the call of the day for banks.
In this race towards the best, we have selected top 20 banks in the country from all segment. It is not the ranking of banks but only for general information about the top banks in India.
With the advancement of technology and the birth of competition, banks are in the race of becoming the best in the country. With an eye upon customer satisfaction policy they are providing best of the best services with the minimum hazards.
Banks like ABN AMRO introduced banking with a coffee. It made a tie-up with one of the best coffee bar in the country, Barista and remained open till late evening for customers with a setup of a coffee bar in the premises.
Few banks have introduced world ATM card to make travellers across the globe more safe and secure. What else. Internet and Phone Banking is the call of the day for banks.
In this race towards the best, we have selected top 20 banks in the country from all segment. It is not the ranking of banks but only for general information about the top banks in India.
With years, banks are also adding services to their customers. The Indian banking industry is passing through a phase of customers market. The customers have more choices in choosing their banks. A competition has been established within the banks operating in India.
With stiff competition and advancement of technology, the services provided by banks has become more easy and convenient. The past days are witness to an hour wait before withdrawing cash from accounts or a cheque from north of the country being cleared in one month in the south.
This section of banking deals with the latest discovery in the banking instruments along with the polished version of their old systems.
The banking section will navigate through all the aspects of the Banking System in India. It will discuss upon the matters with the birth of the banking concept in the country to new players adding their names in the industry in coming few years.
The banker of all banks, Reserve Bank of India (RBI), the Indian Banks Association (IBA) and top 20 banks like IDBI, HSBC, ICICI, ABN AMRO, etc. has been well defined under three separate heads with one page dedicated to each bank.
However, in the introduction part of the entire banking cosmos, the past has been well explained under three different heads namely:
- History of Banking in India
- Nationalisation of Banks in India
- Scheduled Commercial Banks in India
