How To Select The “Best Bank” In India? What Are The Factors Someone Should Consider?
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When someone asks me to suggest the “best bank” – I usually say I can’t! It is because, everyone’s purpose of choosing a bank differs.
For some, having advanced technical features would be a plus. For the others, the same thing could be a minus!
Some would prefer good, and respectful customer service.
So it really comes down to one’s own preference.
There are many factors to consider when choosing a bank in India, such as:
Reputation: The bank’s reputation is important, as you want to be sure that your money is safe with them. You can check the bank’s ratings and reviews online.
Products and services: The bank should offer the products and services that you need, such as savings accounts, current accounts, loans, and credit cards. You should also consider the fees charged for these products and services.
Branch and ATM network: The bank should have a wide branch and ATM network so that you can easily access your money.
Customer service: The bank should have good customer service, so that you can get help if you need it. You can check the bank’s customer service ratings online.
Security: The bank should have strong security measures in place to protect your money. You can check the bank’s security features online.