I figured the reason why private banks requires you to have superIQ. I was getting DD for my Engg-admission: the clerk at the counter said he was actually B.Tech(CS) from that College !!
Gone are the days of simple banking b'cos if it comes back you will not survive. True, ppl used to deal with simple banks but then and now the business has multiplied by several times. Its like cell phones you do not want them yet you cannot live without them. We are not limited to one city like our forefathers imagine the plight of an engineer who is travelling to several cities or states in a month as a part of his job. How will he bank if he has to do it with the help of the PSU banks which do not have any internet access. Th elife is not easy opening an account even if it is an simple savings account but then they are just following the RBI guidelines. the info they want is mandatory. Ofcouse they do have some interest in it also as they are private banks and someone wants to earn some money. How do you get interest on the amount parked in your savings account more then you get in PSU. No one wants to look at that. Good thing is that teh physical contact with the bankers is minimal if you train yourself propely handling your account. i have an savings account with ICICI bank for last 4 years and I'm one hapy customer of theirs. i'm using an credit card also and have absolutely no problems in that also. ppl might have experienced some problems but then they are everywhere.
very good article sidin! cant really call it humor because its as bright of a reality as it gets.
every time i need to deal with my icici bank i am truly frightened to death and i pray to the God almighty to please give me back my good old simple banking days.
i wanted to add my wife to my account with icici when i got married. marriage seems simple than the ordeal they put me thru. (see the irony)
I really miss my Vijaya Bank account. Atleast nobody pretended to be intelligent investment advice. It was your money and you could do what u felt like.
My great MNC bank, apart from all the green they have associated with their brand, which reminds me of Pakistan flag every time I interact, has these army of world wise investment gurus, whose idiotic advice will make an arab sheikh and his camel feel brilliant. They hire these bunch of morons from Chaudhari charan singh institute technology and management and leave them to get behind your life.
The adive they have to offer goes like this ...... Sit you should take a home loan now sir. We are offering cheap rates at only 12% and this is the right time to buy a flat in Jhumri Talayya. We have inside information that Bin Laden group of Al-Wahabbistan is about to sign a deal with the government of Jharkand for mining rights and the prices will treble in a one century.
Good one Sidin... Was checking out people killing each other on WHATAY waiting for a new post. If that was fun, this was a Hunor scribe Of Almost Orgasmic Intensity
Oh to be honest, I would not even glance at this column once, but mann... this one sure had me in splits. Reminds me of a Jagjit Singh Ghazal, suitabley modified which could be sung as "Yeh multicity cheque book bhee le lo, yeh DEbit card bhee le lo, bhaley cheen lo mujsey mera credit card, magar mujhko lauta do mera simple bank account, woh simple sa check book, woh simple se banking!! :=)
this one is really bad Sidin, banking with PSU is much more pathetic that the private banks. You are the one who wants to live in 17th century when there were no banks to keep money. You will keep your money to some shahukaar and he will not return it to you.
