Fraud Free Bank
If we read news reports from the above links, it will be very clear that all banks in India are prone to fraud. However, there’s one bank which has never been the victim of any fraud.
Guess which bank is that?
However, this doesn’t mean that you should close all your bank accounts and rush to open an account here.
India Post Bank/ India Post Payments Bank
You might not believe this, but India Post Bank or what’s now known as India Post Payments Bank (IPPB) has never been hit by a major fraud or scam.
There’s a simple reason for this: India Post Bank/ IPPB doesn’t lend money or give any loans. The bank offers only deposit services. Meaning, you can open a Savings, Fixed or Recurring Deposit account or get other savings schemes from IPPB. But no loans of any kind.
Interestingly, India Post Bank is the largest non-lender bank in India. It has over 155,000 branches across the country that operate from post offices.
However, India Post Bank or IPPB has yet to offer several digital banking services that are common with other banks. This is being done in phases.
Closing Thoughts
Coming back to the question, how safe is your money with banks in India. I would say your money is very safe. If we read newspapers carefully, it will be clear that bank frauds haven’t really affected any customers.
Despite such a high number of frauds, it’s very rare that customers of a bank are seriously affected.
Obviously, banks try their best to avoid frauds and prevent any problems for their customers. Customers too can help in their efforts by providing proper KYC details and ensuring their account information doesn’t leak into wrong hands.
Some customers spread out their accounts over several banks as a safety measure. This might help to some extent, if you’re willing to undertake the hassles of maintaining countless bank documents and meeting minimum balance requirements of every account.
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Top 5 Post Graduate Course for Commerce Students (B.Com)
Commerce – the evergreen field used to have only a couple of options to pursue. With the change in times, one can find that there are numerous choices available for student to study further.
For starters, students opt for B.Com or BBM or BBA soon after completing their class 12 in commerce stream. You can read our article career options in Commerce to know various career choices in commerce.
This article mainly talks about the various courses available for students who has completed B.Com.
You can choose between B.Com and B.Com (Hons) soon after completing your class 12th. B.Com (Hons) is not available in all the colleges, but only a few.
Also, the level in B.Com (Hons) is higher than in B.Com with the subjects being more detailed, therefore choose wisely. So, soon after completing B.Com, here are some options for post graduate studies.
1. MBA – yes, the well known and most commonly pursued course is MBA. In most universities and institutions, admission for MBA is preceded by an entrance test, group discussion and interview. This course will bring across many managerial jobs.pg_courses_commerce
2. CA – One of the other options is Chartered Accountancy, which is a very good course that is defines one’s career. As a chartered accountant, one can start off on their own or join any chartered accountancy firm to kick start their career.
3. CS – Company secretary, is yet another option available for students of B.Com. On completion of this course, one can find their way into any corporate company in the role of a company secretary.
4. Financial management – one can choose to pursue a course in financial management. This course gives students an edge in their careers as financial analysts, investment bankers or even corporate finance.
If we read news reports from the above links, it will be very clear that all banks in India are prone to fraud. However, there’s one bank which has never been the victim of any fraud.
Guess which bank is that?
However, this doesn’t mean that you should close all your bank accounts and rush to open an account here.
India Post Bank/ India Post Payments Bank
You might not believe this, but India Post Bank or what’s now known as India Post Payments Bank (IPPB) has never been hit by a major fraud or scam.
There’s a simple reason for this: India Post Bank/ IPPB doesn’t lend money or give any loans. The bank offers only deposit services. Meaning, you can open a Savings, Fixed or Recurring Deposit account or get other savings schemes from IPPB. But no loans of any kind.
Interestingly, India Post Bank is the largest non-lender bank in India. It has over 155,000 branches across the country that operate from post offices.
However, India Post Bank or IPPB has yet to offer several digital banking services that are common with other banks. This is being done in phases.
Closing Thoughts
Coming back to the question, how safe is your money with banks in India. I would say your money is very safe. If we read newspapers carefully, it will be clear that bank frauds haven’t really affected any customers.
Despite such a high number of frauds, it’s very rare that customers of a bank are seriously affected.
Obviously, banks try their best to avoid frauds and prevent any problems for their customers. Customers too can help in their efforts by providing proper KYC details and ensuring their account information doesn’t leak into wrong hands.
Some customers spread out their accounts over several banks as a safety measure. This might help to some extent, if you’re willing to undertake the hassles of maintaining countless bank documents and meeting minimum balance requirements of every account.
No comments:
Email This
BlogThis!
Share to Twitter
Share to Facebook
Share to Pinterest
Labels: abox, Aclock, adio, ahit, ahot, ahwight, Ajame, ajoke, alaram, all, alock, Amber, ampear, ascar, ask, astront, Atsam, audio, avol
Top 5 Post Graduate Course for Commerce Students (B.Com)
Commerce – the evergreen field used to have only a couple of options to pursue. With the change in times, one can find that there are numerous choices available for student to study further.
For starters, students opt for B.Com or BBM or BBA soon after completing their class 12 in commerce stream. You can read our article career options in Commerce to know various career choices in commerce.
This article mainly talks about the various courses available for students who has completed B.Com.
You can choose between B.Com and B.Com (Hons) soon after completing your class 12th. B.Com (Hons) is not available in all the colleges, but only a few.
Also, the level in B.Com (Hons) is higher than in B.Com with the subjects being more detailed, therefore choose wisely. So, soon after completing B.Com, here are some options for post graduate studies.
1. MBA – yes, the well known and most commonly pursued course is MBA. In most universities and institutions, admission for MBA is preceded by an entrance test, group discussion and interview. This course will bring across many managerial jobs.pg_courses_commerce
2. CA – One of the other options is Chartered Accountancy, which is a very good course that is defines one’s career. As a chartered accountant, one can start off on their own or join any chartered accountancy firm to kick start their career.
3. CS – Company secretary, is yet another option available for students of B.Com. On completion of this course, one can find their way into any corporate company in the role of a company secretary.
4. Financial management – one can choose to pursue a course in financial management. This course gives students an edge in their careers as financial analysts, investment bankers or even corporate finance.
