Page 28 - Banking Finance January 2019

ACCOUNT

OPENING

USING

DIGITAL

CHANNELS

an s n nd a have tnessed a rad ca chan e on n ne Ban n and Rs or ess on Mo e Ban n he
fro convent ona an n to conven ence nu er of custo er ase has a so ncreased ecause of the
an n oda the are o sed for d ta
conven ence n An here Ban n t at on has reduced
an n at a ra d ace A ajor dr ver for th s
chan e as ro e ed r s n co et t on fro hu an error
Accord n to the RB Re ort n there are
r vate and fore n an s Severa co erc a an s started
Auto ated e er Mach nes A Ms and o nt of
ov n to ards d ta custo er serv ces to re a n
Sa e dev ces S e entat on of e ectron c a ent
co et t ve and re evant n the race Ban s have enef tted
s ste such as at ona ectron c und ransfer S
n severa a s ado t n ne er techno o es
ectron c ear n Serv ce R S Rea e ross
Sett e ent he ue runcat on S ste Mo e an n
an n has resu ted n reduc n costs drast ca and has
s ste e t cards red t ards re a d cards have a
he ed enerate revenue throu h var ous channe s As er
ast ava a e nfor at on the cost of a an transact on on a ned de acce tance n nd an an s hese are a
re ar a e and ar s n the d ta revo ut on n the
Branch Ban n s est ated to e n a ran e of Rs to
an n sector n ne an n has chan ed the face of
Rs h e t s around Rs to Rs on A M Rs or ess
an n and rou ht a out a note orth transfor at on n
the an n o erat ons
nd an overn ent s a ress ve ro ot n d ta
A transact ons he aunch of n ted a ents nterface
Senio Mana e a and Bharat nterface for Mone B M at ona
nion an o n ia a ents or orat on of nd a are s n f cant ste s
S a ainin en e o a a
for nnovat on n the a ent S ste s do a n s a
o e nterface here eo e can a e nstant funds

2 | 2019 | JANUARY | AN N NAN