importanceofbanking

[importanceofbanking]

Importance of banking

Importance of Banking

Banking is an industry that handles cash, credit and other financial transactions. Banks provide us safe place to invest money in better manner , it  also provide a safe place to store extra cash and credit .There are mainly four types of banks like Central bank ,commercial bank, cooperative banks, regional rural bank

They offers many facilities like  saving accounts , current accounts ,  Mutual funds, insurance like Health insurance ,accidental insurance  and life insurance etc ,Fixed deposits, Recurring Deposits and main one credit card which use in flexible credit, record expenses and purchase protection etc.

In simple words we say that it  is a financial institutions will utilize the money to offer laons and invest it for profit. Banking is known to be important  in the economy BECAUSE IT PROVIDE SERVICES TO BUSINESSES AND CONSUMERS such  as offering loans ,checking accounts and various other services like Insurances  like Health insurance ,accidental insurance  and life insurance etc ,Fixed deposits, Recurring Deposits and main one credit card which use in flexible credit, record expenses and purchase protection etc.

Banks can many benefits for everyone

Accounts that fit your needs

No fees to deposit your money

Easily mange your money

Easily mange your accounts In profitable way.

Invest money

There are many benefits of banks account  like its provide us  liquidity transparemcy payments identity safety, and savings etc.

Currently I’m working in Induslnd bank as a Business Acquistion Manager and I’m handling account queries and provide many services like opening accounts, invest money in many ways – mutual funds , fixed deposits ,recurring deposits etc .

We provides many services . These are follows :

Open savings account

Manage Investment plan: Recurring Deposits ,Fixed Deposits And  Mutual funds

Apply Credit cards.

Open Current accounts etc.

Handle customer queries.

Manage all accounts informations.

In this process I’m mainly process credit card of NTB customer (New customer) and ETB customer (Existing customer).

Manage credit cards informations

Provides best services to all customers .

And also handles all queries reagarding credit/ debit cards, accounts, and other services .

And also provide accounts services like current and saving accounts .