friends..
its high time, i am thinking of opening an Bank Account (preferably a Savings Account)..
but i am confused which bank to go for..
the account i will be opening will remain for entire future use..
please suggest which bank's account should i open??
along with mention what facilities i will be getting..??
please describe in simple language.. as i am novice to this field..
i have visited bank's websites too, but as i couldnot understand the terms.. could not decide which bank to go for..
please help me friends. i need to create a website soon..
thnx in advance,,
SUDE
I don't see anyone asking this till now but it's important that what you want to open a bank account for? What you expect from it?
Certain banks provide lots of value added services but charge higher amount for it. So, if you have the resources and want convinience opt for them.
Then there are banks that give you better returns and great customer services and are comparatively cheaper but don't offer too many additional services.
And finally, there's banks who offer great security, lower returns, few value added services. But, they may have great customer relationship and savings offers which some may need.
So, the first step is to determine what do you expect from your bank. Then you will have to find which banks offer those. Then research as to which among the shortlisted ones offer the best services at an acceptable cost.
Also, I believe KYC and stuff requires some existing customer to introduce you to open a bank account.
So, determine what you want from the bank account then go further. It really isn't as complex as it sounds. And then if you could share with us as to what are your expectations then people can recommend a few banks and also some may put forth their experiences to help you out.
Some of the things you could consider before selecting a bank
1) Why do you want to open an account - saving, investment
2) What value added services do you expect from them - paying of monthly bills, mBanking, e-banking, bank assurance, ATM, etc
3) Convenience - you will just deal with the local branch and ATM or do you travel around a lot and expect the same bank to provide you the services whereever you travel.
4) Does the bank's performance, customer service, reputation instill enough confidence and trust in you to deal with them.