tag:blogger.com,1999:blog-23855078743604915782024-03-18T19:42:57.411-07:00Banking Today and TomorrowTechnological Up Gradation in Banking, Future Banking, Banking Networking, Security of Financial
Transactions, Switch Connectivity, Banking Customer Portability.Ashok Goyal M-9814915812http://www.blogger.com/profile/10680120025149430961noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2385507874360491578.post-6884695813779119932022-11-04T08:41:00.000-07:002022-11-30T03:16:00.217-08:00Account Opening Processes<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-family: "verdana" , sans-serif;">In ancient times economic transactions used to made through barter systems where goods were exchanged in terms of their economic value based on demand and supply. As the volume of economic transactions increased the Cowries used as money in Asian and other parts of the world were replaced by currency systems. Without going very deep into the history of banking or global currencies being used as legal tender, we are directly jumping onto the manual Banking Era when all banking transactions had to be done manually and through Cheques, Drafts, Bills of Exchange, Promissory Notes, which were governed by Negotiable Instruments Acts, Contracts Acts and other Acts as per law of the land.</span><br />
<span style="font-family: "verdana" , sans-serif;"><br />Nowadays with the introduction of <a href="http://eknowidentity.blogspot.in/2015/06/know-your-customer-kyc.html" target="_blank">KYC Norms</a> every individual has to undergo <a href="http://webquestionanswers.com/how-to-open-a-new-bank-account/" target="_blank">Account Opening Process</a></span><br />
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Ashok Goyal M-9814915812http://www.blogger.com/profile/10680120025149430961noreply@blogger.com0CIBIL Consultants 448 Dalima Vihar, Near Lakshmi Narayan Mandir, Rajpura, Punjab 140401, India30.479063 76.595880999999963-22.079244 -6.021306500000037 83.03737 159.21306849999996