All posts in Banking

Tips To Personal Banking

By blogger on

With the advent of personal banking services, things have become a lot more convenient for people. However, you need to be little cautious in order to safeguard your personal information from any third party.

You can find several banks providing personal banking services. However, it is advisable to follow certain tips while using personal banking that will be helpful to you.

Primarily, it is imperative to begin by ensuring that the right security software is installed on your computer and ensure it is fully updated so that you could get the best personal banking services. This is essential as it will help you to keep viruses away from getting on to your computer. Likewise, it is advisable to keep changing your password at frequent intervals so that nobody else could access to your personal banking account. This would help you as no one else will be able to use your account.

Another point to keep in mind is regularly tracking and checking your transaction records to prevent any unusual activities hampering your peace of mind. Additionally, in case there are certain transactions that you dont remember, you should take immediate action to make sure that that anyone has not committed any kind of identity theft over you.

Furthermore, it is advisable never to access net banking through links in emails. It is also recommended not to enter any confidential information on suspicious websites. You should delete spam emails right away.

Personal banking is reliable, safe and successful if you make sure to remember these tips and safeguard yourself while doing your banking online. There are various types of dangers on the Internet especially when you are dealing with such confidential valuable information. With the help of personal banking services, you do not need to visit your bank each time you need to complete a transaction. The greatest advantage of personal banking is that you can get instant cash from your ATM and you will always have an evidence of all the transactions that you will make.

So dont wait anymore. Get your personal banking account today.

Banking Certification Exam

By blogger on

The current day is a day of brutal competition among the biggies in the software industry. Because flow with the newer and sharper technology is never ending, the content Technology companies who definitely are implementing the greater end software go on introducing the certifications and tests to gauge the potential employees which join them. For precisely the same purpose, Certmagic has introduced Banking Certification exams inside the technical circle; this exam is one very sought-after and difficult exam to break into. However, once this exam has been cleared, the candidate should expect some fireworks in her career. This particular exam is about the introduction of a Team Leader that can work cohesively having a team, and derive the absolute maximum possible output, so that the enterprise level expectations and promises are completely fulfilled. Designing, Configuring, Installing and Troubleshooting the application form server for the enterprise level could be the basic criteria just for this examination. The successful candidate will also have to tidy up the presales, post install supports. The potential candidate is predicted to get a detailed and expertise level knowledge in at least one on the following products from your Banking Certification software giant: Specialties on the Dynamic Infrastructure: Business Resilience, Information Structure, Virtualization and Consolidation. Further, as being a prerequisite just for this certification, our recommendation is that the IT professional appearing just for this test holds any one of the following certifications from the technical domain: Apart out of this, the self paced training kits are giving the strategy for both practice and practicing the Banking Certification exams and give the top solution. The expert professionals offer the information and guidelines when getting the Banking Certification study material in the perfect manner. It makes all the possible ways for as an efficient professional. The Banking Certification exams are giving the methods for overcoming areas inside the IT sectors. The Banking Certification offers the techniques for solving the complex problems as a result of latest developments.

Tips to Prepare for Banking Jobs Exam

By blogger on

Banking is one of the major areas of work today. Increasing the number of people receiving financial education, more and more people are relying on banks for various financial reasons. Banks help save revenue and earn interest, invest, buy assets, establish a business, etc. As banking is an important aspect of the common people and companies, this sector has always attracted many applicants. If you are an interested in a bank jobs, then go through these job search tips for jobs in a bank.

Bank examinations are considered very challenging and tough. They are a access to various prominent jobs in the bank. With the increase of the growth curve of the banking sector, the demand for bank jobs has increased. This has enlarged the task played by banks and reviews of the interview session following. This test gives a general stage for appropriate student’s at all educational echelon’s to test their knowledge and select the most excellent suitor. The enrollment is done based on the performance in both the exams and the interview session. The curriculum set by the bank is large and must be thoroughly prepared. There are many guidelines accessible on the Internet that helps you get ready for bank examination.

Banks offer a huge assortment of job prospects. With the growth of banks and opening new branches in different parts of the country, there is a growing need for the right people to perform various functions in the bank. However, since demand is so high, the hiring process is difficult and only the most competent candidates can reach the finals. Here are some tips to consider when preparing for the examinations of bank:

Make certain that your vocabulary is strong. A separate chapter is devoted to issues related to vocabulary.

Study the curriculum meticulously. Allow more time for subjects in the curriculum, with the age of highest weight in the marking system.

Study additional notes. Booklets given by the bank are significant but not sufficient. There will be many students, preparing them; however, to make the high notes you need to prepare the best.

Bank exams, like roughly all competitive exams, flourish you on present affairs. Make certain they are a part of your syllabus and given most significance.

Reading the papers of great help to keep up with current issues and expand their vocabulary.

You can also go from questionnaires to gain knowledge on various topics.

Acquire knowledge about the policies and rules of the Bank. This can also help out you during the interview time.

Bank enrollment is a tough procedure embarked on by the bank. Recruitment is based purely on the candidate’s ability and level of competition. The above tips can help prepare for the examination of the bank. Many students have worked hard and led the bench tests, leading a life of luxury and hired good positions in several banks.

About The Author:- Linda John-I am the director of myrecruitmentcentre.co.uk opened an International Recruitment Agency based in London. Now a day’s lots of jobs bank available in the market and my whole team offering jobs in a bank for right candidate.

BSES Online Bill Payment By Net Banking

By blogger on

With millions of residents in Delhi and nearby regions, the need to have a smooth provision of electricity supply was paramount. Since long, people had been suffering due to erratic current cutbacks and lack of streamlined approach in supply. Further devastating was the lack of any rightful method of collection of bills from the residents. A few years ago, the scenario was reflected in long queues in the offices of Delhi Vidyut Board till July 2002. But then, power sector of Delhi was privatized and was taken over by BSES. This takeover also led to the transfer of various liabilities, assets, personnel and proceedings of the Delhi Vidyut Board in compliance with the transfer agreements. Now, majority of Delhi’s power distribution system remains under BSES Yamuna Power Limited or BYPL and BSES Rajdhani Power Limited and a third party North Delhi Power Limited, which is a venture between Tata Power and Govt of Delhi. With 3 separate jurisdictions for each of these units, Delhi’s power woes have almost ended. BSES New Delhi Apart from the facilities of efficient power supply by the BSES and NDPL, the losses have come down significantly and infrastructure improvement has been remarkable. But, one of the hallmarks of these changes through privatisation has been the convenience in the BSES bill payment by the residents. Earlier, people were required to pay through cash or demand drafts or cheques, which obviously is a cumbersome process for people in Delhi. They could deposit the bills in the customer care centres and kiosks. Currently, after the revision of the bill payment process and privatisation, a number of methodologies have been put forth by these organisations for the payment of dues. Bill payment kiosks are opened in various centres under the BYPL and BRPL. Residents can go to these places and pay by cheque or cash between 8 am and 8 pm, excepting the public holidays. There are also other options such as payment through counters, cheque in mail and drop boxes. But the one modality which has stolen the show is that of payment through net banking or BSES bill payment online. Online mode of payment is advantageous for few reasons: BSES Online Bill Payment By Net Banking Most people have online internet banking facilities, which are provided by their banks. Almost all the banks have nowadays facility to operate accounts online. Hence, payment of electricity bills monthly, doesn’t pose an issue for people. Rather, they would prefer doing so, as it allows them to make their payments from the comforts of their laptops and computers at homes and offices. It is but natural that electricity consumers in Delhi are opting for the internet banking facilities for BSES bill payment. The process of doing so is also quite easy. Consumers can select mastercard, visa card and other cards for banks like IDBI, SBI, PNB, Axis, and others. They can start by visiting the BSES Delhi official site and click on payment options. There will be an online confirmation and a transaction reference number. Then, the BSES account number would be asked, which consumers can fill in. A page then opens up, where consumers can see their particular bills for the said months, which is due. Payment process proceeds when they click on pay now option. On selecting the net banking option, customers would be redirected to their respective banks, where the user id and password has to be provided. Through a secured gateway, the amount would be instantly debited and it would reach the customer’s BSES account within 5 working days. BSES bill payment online has been a boon to the millions of power users in Delhi. With high end system of fee collections, lots of people have been benefited and quickly adopted this system of paying their bills without fail.

The Challenges of Banking Outsourcing

By blogger on

Banking has been a very traditional and conservative sector in any country. For ages, generations after generations, have been loyal to a particular bank that their families have been associated with. Whether it is the Royal Bank of Scotland and Lloyds TSB in the UK or American Express and Capital One in the US, people stay loyal to their banking partners.

The banking industry in the west took a huge risk in the last decade by using countries like India, China and the Philippines to outsource their banking and financial services. For banks, it was a step in the right direction to reduce the number of customers walking into their branches, the number of calls taken by banking executives at the branch and reduce the work load on their existing call centres.

They wanted to reduce costs of employing more people to cater to their ever increasing base of customers and provide better services to their customers besides gaining a competitive edge. For customers who have been used to traditional methods of banking such as visiting their nearest branch, were exposed to new and state of the art technologies. IT and IT enabled banking services were the new age success mantra for most banks in Europe and the Americas.

The focus of banks that outsourced parts of their business to other countries was to reduce costs and increase profits. Though their approach was cautious, there were loop holes in their strategy. AMEX was one of the first banks to set shop in India in the late 90s. Theirs was a captive centre. However over the years, more and more BPOs have shown their capability in handling banking and financial services with greater efficiency and effectiveness.

For customers of these banks, the challenge was conquering their fears of a stranger in a distant country having access to their account information and the mistrust in their ability to provide solutions. Besides, there were language and accent issues.

Some customers generally called their banks and surpassed the IVR to speak to an agent as they were not very comfortable dealing with a machine and others demanded speaking to their branch in their own country. Such issues lead to delays in service. This led to dissatisfaction amongst customers and forced many to choose banks that hadnt outsourced their work and catered to their needs from within the country.

Data security was also one the major concerns for banks. More than customers, banks have found themselves living on the edge with account details made accessible to BPOs in other countries. With data theft being a reality in countries like India, China and Japan, it was a proven fact that banking outsourcing wasnt foolproof.

For banks it may result in large law suits and a decrease in their customer base. Banks also had their reputation at stake. The third party vendors may follow practices that may be inconsistent with the policies and practices of the bank. Besides the political, social, legal and physical climate of the outsourcing country may impact banking services.