"The advantage of online banking is that you can pay bills superfast, and your account is automatically credited or debited for each deposit and payment, making it easier to stay on track."
During the post nationalization era there was a great change in the banking sector. Private banking came into being and new milestones are observed after that. The introduction of ATM machines are of great help to the people as they can make transactions from anywhere across the country. The next change in the field of banking was mobile banking that updates the clients through the SMS facility. The banking sector is one of the greatest sector that can bring a change and a revolution in the economy of India. A lot of job opportunities are coming in this field and the career too is very promising.
There are different subsectors in the banking field where there is requirement for people to meet the new challenges and demands.
Having its roots long back in the year 1818 the insurance sector is growing rapidly and is at pace with the other competitive sectors that enhances the economy. Apart from LIC (Life Insurance Corporation) there are different private organizations like PNB MetLife and the banking sector too is combined with the insurance sector. It helps people during their troubled times and provide them money that were invested by them in policies. Recently Apollo Munich had filled a diabetic cover policy with the IRDA. In order to excel a lot of manpower is required thus bringing into more number of vacancies.