One would agree that no matter what the situation is, money always involves in it. Be it giving to someone or getting it from someone.
Money is an integral part of everything that we do and it does revolve around it. It now become one of the most sensitive areas during the ongoing pandemic too.
Without it, it would be impossible to go along with our lives.
Most of the banks are now giving services related to basic amenities only. Most of the time these are cash withdrawals, deposits to accounts, fund transfers, and cheque clearing.
We can not blame the system, as it may be their service protocol. Who knows! What it seems is it’s too much for them to give all the services, as usual, considering the present scenario.
Whatever it sounds or it may be, we can still maximise getting banking services by other means.
Banks have given all the possible ways and mean to fulfill our needs. The end users like us are the ones to use it else we will always feel the gap of insufficient services from the banks.
Without any further adieu, let us find out how can we maximise the uses of banking services and what are the things that we need to look out.
Here are the 6 best tips for banking during the pandemic.
1. Doorstep banking
It’s an innovative idea that banks came up with. As the name suggests, the app delivers your banking service to your doorstep. You can literally do banking from anywhere you want.
It may be cash withdrawal, request for a statement of account, demand draft purchase and others.
You order from your home, and the bank representative will deliver the service at your convenience.
2. Use Internet banking
One of the best ways to do banking. The service is available in all the banks 24/7.
Almost all kinds of transactions can be done. So, it’s the right time for you to accustom to the techy side of banking.
Leave traditional banking behind and jump into digital. The good news is, there are lots of reward programmes attached to it along with lots of freebies.
Like waiver in transaction charge while fund transfer, NEFT, RTS or draft purchase.
3. Avoid going to the bank instead go digital
Actually, banks are one of the most crowded places in India. Considering the present situation, it would be a wise decision not to visit your bank and expose yourself to health risks.
Visit your bank only when there is an absolute need else it can wait.
Rely more on online banking. All your financial needs will be there for sure. Starting from the opening of the account to the closing of the account.
4. Do not handle cash
Yes, it sounds crazy, but money stinks. All kinds of dirt are smeared with it and you do not want to get it in you.
Instead rely on online fund transfers. All kinds of fund transfers are available online. It may be inter-bank transfer (NEFT, RTGS), intra-bank transfer, IMPS, forex etc.
You can do a whole lot of things with your Internet banking. It’s quite a powerful financial tool.
5. Do transaction only it absolutely required
Do those financial transactions which are absolutely required, the rest can wait.
The value of money is quite costly now. A little transaction might end up helping you in a big way. So be thrifty, spend less and secure your near future.
If you do not have a health insurance policy, have one. It will really help you financially no matter what the situation is.
6. Use various bank applications
Ever since the digitization of banks, there are a number of mobile-friendly applications available on the app store. Some of the most popular mobile applications of different banks are given below
| 1 | SBI Investap A mutual fund app of SBI. |
| 2 | SBI Card Credit card app of SBI |
| 3 | iMobile is An internet banking app of ICICI. |
| 4 | YONO business SBI internet banking app for MEME. |
| 5 | iMobile is An internet banking app of ICICI. |
| 6 | ICICI Direct A mutual fund app of ICICI. |
| 7 | InstaBIZ An internet banking for MAKE of ICICI. |
| 8 | Axis mobile An internet banking app of Axis Bank. |
All these applications will fulfil your needs even without visiting your bank. It may be from opening of new account, or investing in mutual funds even you can apply for a loan besides the normal transfer transaction of funds.
But, you need to be aware of what you are going into. At present, there are thousands of financial apps available in the app store such as Google Play Store or Apple Store.
You need to be precise in selecting the apps as there are a number of mobile application which does financially more harm than good.
Stick to genuine applications such as Google Pay, phonepe, Bhim Pay, PayPal etc. In fact, these are applications for non-financial institutions but still, you may be able to transfer funds and pay your utility bill as well.
So, guys, it’s the right time to use your bank knowledge wisely. If not, try to learn how to avail the facilities. All the above-mentioned points will not only save you time. It will save you petrol, energy, and money and most importantly it will save you from getting exposed to the present pandemic.