Personal Financial Services

In a fast-growing field of financial market activities, personal financial services have become much easier and faster. The private sector and public sector banks and financial organizations to come forward to the direction of development of the individuals involved in financial services.

Major Banks such as HDFC, Bank of America to provide personal financial services. These services include the following:

Create an account and deposits
Increase the loan
Promotion of investment and insurance services
Foreign exchange and trade services
Provide payment services

Each of these services, could be discussed in detail the following Heads of State

Create an account and deposit-taking: There are three accounts. They are savings accounts, current accounts and term deposits.
Savings accounts are aimed at encouraging the purpose of saving the future. Regardless of the salary scale, he can open a savings account, his name.

The current account: These are not non-interest bearing accounts. The account holder can deposit and withdraw any amount at his disposal, as long as there are funds in their accounts.

Time deposits: long-term investment in things, this is the dream of almost everyone. This is a very good alternative to apply for a loan. Account holders can draw on his own account, as well as interest on deposits.


Loan: This is one of the most important personal financial services provided by banks. Personal loans for the purpose of providing a wide range of banking institutions in different. They have made for the purchase of houses, two two-wheelers, new cars, used cars, automobile overdraft. That loans and other loans, gold loans, loans of securities and loans to property. Quick borrowers Rs 10000-75000 for any purpose. Gold loans in favor of raising the loan of gold jewelry and accessories. Lending of securities, like stocks, mutual funds, colorectal cancer and other bonds are advanced. Loans on residential or commercial property can be. EMI selective basis and commercial loans.

Card: the increase of financial liquidity in the bank to launch credit cards, debit cards and prepaid cards.

Credit Card: credit card not only provides unparalleled spending, but also provides other facilities. One of these is the choice, and revenue expenditure. One can earn points for each expenditure through credit cards, and use them for future purchases.

Debit cards: debit card to help with instant access to their regular bank account. It is like to carry the risk of the current account of the importance of cash in hand.

Prepaid cards: In the pre-paid account is used to meet the demand for travel and gifts.

Investment and insurance: This is another important personal financial services provided by banks. It can help the individual investment and profit line. Some investment, they are encouraged to discuss the following heads:


Investment in mutual funds: This is the money to attract capital investors to invest in different stocks or the financial markets.

Investment in the different insurance plans :For financial security, our loved ones to invest in life insurance policy is essential. Insurance policy can also be used for housing, car, etc.

Bond investments

this is the safest investment in the path, so that returns accompanied by tax incentives.

In order to facilitate transactions, foreign exchange and traveler's check traveler's check remittance banks, foreign currency cash, foreign currency bills of exchange, check deposits. Also help banks by check or wire transfer money box.

Payment services: These services help to avoid the queues and paperwork. Through the use of credit and debit cards at the same time, payment can be easy.