Rajesh: Hey, Where are you coming from?
Brajesh: Hi Rajesh, I have been to Syndicate bank to open a new account.
Rajesh: Oh, last week I opened my son Raj’s bank account in a private bank. Services of these private banks are really good
Brajesh: Well Rajesh, Syndicate bank is a public sector bank. It also has a variety of advantages. If I talk about interest rate, they are very high in this bank.
Rajesh: Might be, but as far as I have experienced, private banks provide more customized services and greater personal interaction.
Brajesh: That’s really great. What about the loan procedure in private bank?
Rajesh: It’s a bit lengthy procedure to go through.
Brajesh: hmm okay! Syndicate bank keeps same policies for all loan customers and it is quite easy to get the loan sanctioned.
Rajesh: Do public sector banks charge pre-payment charges on the loans?
Brajesh: They do NOT charge you a penny to prepay. They tend to go easy on this part.
Rajesh: But, Brajesh you can’t deny this, in terms of digitization, private sector banks are able to leverage it better.
Brajesh: ABSOULTELY! I agree on this part.
Rajesh: Well yeah, every bank has its own advantages & it all depends upon our needs and requirements.
Food 4 Thought
“Owning a home is a keystone of wealth - both financial affluence and emotional security.
DID YOU KNOW
India is home to more than 20 stock exchanges which also include regional stock exchanges.