Banking Services

ABOUT CAREERS

Do you have a strong mathematical sense? Do you enjoy business and finance? Do you enjoy working in an organized workplace as well? If so, you ought to think about going into banking.A bank is a type of financial institution that deals with credit, cash, and other money matters. All of the services a bank provides to its lenders, affiliates, and borrowers are collectively referred to as banking services.The bank provides a variety of services to its customers, including cash deposits, withdrawals, investments in various financial products, foreign currency sales and exchanges, and much more. Additionally, banks provide their clients with debit and credit cards so they can access their funds at any time and from any location. Additionally, they can use it to make cashless payments at petrol stations, supermarkets, and other retailers.There exist
  • Retail Banking: Deals directly with individuals and small business entities.
  • Business Banking: Offers services to medium-sized businesses.
  • Corporate Banking: Focuses on large business houses.
  • Private Banking: Provides wealth management services to high-net-worth individuals (HNIs).
  • Investment Banking: Directs services towards activities on the financial markets.

Roles and Responsibilities

  • A retail banker helps with the financial requirements of individuals and businesses and provides advice and financial services.
  • Deal with customers’ queries face-to-face, over the telephone, or in writing.
  • Serve customers at the counter.
  • Understand customer needs, recommend suitable products, and make sales.
  • Process paperwork from sales, change of customer details, and closure of accounts.
  • Learn about new products, services, and processes.
  • Authorize loans and overdraft facilities.
  • Set up savings accounts and bonds.
  • Assist in the movement of money via payment mechanisms.
  • A manager of a retail bank will need to increase sales of financial products and services, attract new customers, and manage a team of staff.
  • Manage, recruit, and coach teams of people.
  • Deal with customer complaints that cannot be solved by the front-line staff.
  • Implement new products, services, and processes devised by head office.
  • Represent the bank in the broader community and build relevant contacts.
  • Open and close the branch daily and ensure that the premises are fit for business.
  • Meet sales targets and manage budgets.

Salary and Demand

  • Demand: High for Banking Services
  • Salary Levels: High for Banking Services
  • For Fresher: Average salary is more than 5 Lakhs
  • Fees Levels of the Course: Medium
  • Course Cost: To pursue this course, students need to spend 3 to 4 Lakhs
  • Level of Preparation: Medium
  • Preparation Time: Students spend 1 year to prepare for the entrance test of Banking Services
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