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Online Payments Made Effortless with Easy Pay

Electronic money exchange has become one of the catalysts of an E-commerce payment system. With the hype in Online shopping & banking in the Digital world, there is a widespread upsurge in online payment transactions in India.

"As per Statista, nearly 660 million Indians are accustomed to the use of Online Payments that will contribute to approximately 2.2% to the world's digital payment market."

The pandemic resulting from COVID-19 has forced people to adapt to the digital payment options available. Despite being in a state of lockdown, the nominal expenses for sustaining a livelihood persist. This makes it mandatory to make payment for the array of services availed & with everything made digital nothing is impossible. Funds can be securely exchanged in the blink of an eye without any delays with a button on our smart electronic devices.  Cut the wait & make your payment organized with an easy alternative – Easy Pay.

Not every person is tech-savvy. India has a substantial count of senior citizens in the population who are not well versed with any such forms of online payments & thus prefer physical banking over online payments. You might wonder that there are various other options available like net banking, Paytm then why opt for this? Ask yourself how many uncountable payments do you make in a month? Are all of them large amounts that can be done by net banking & NEFT? Of course not.

There are minuscule payments that we make in an everyday course for instance:

Mobile & Telephone bills

Electricity bills

Gas bills

Tax payments

LIC premiums

Money transfers for online purchases

Payment for online travel tickets booked & many more.

Would you prefer if all these were made possible to be paid under one roof, the convenience of not having to rush at various places for distinctive payments at the month end? Perhaps, Yes!

Easy Pay is creating its own niche in the banking industry with all payments executed brisk, hassle-free & securely from one physical location. It is comfort & assistance offered to ease you a little from the hustle & bustle of life. Experience this kind of payment marketplace with SVSBL – A bank of tomorrow. We offer a one-stop solution for all payments with an extensive network of physically-placed outlets for both rural & urban masses. The POS device facilitates multiple payment modes with instant confirmation of payment & transparency eliminating the need to travel, walk & pay. Acquaint yourself with the new facet of accessible banking.

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Retail Banking A Financial Obligation

Prepare a list of the essential elements of your everyday life apart from the 3 basic needs of food, water & shelter. What falls on your priority & imperative list that can't be missed at any cost, without which it seems like your life would come to a halt?

"The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight-of-hand that was ever invented."  - Josiah Stamp

With digital or online banking gaining immense popularity, the retail banking sector has an increased urge to rebuild its image in the aspects of trust, consideration & advocacy. Yet, you will still interact with retail banks regularly even if you primarily bank online. Retail banking as a whole is very integral in our mundane banking life. It takes place between consumers & their personal banks facilitating basic banking services for checking & savings accounts, loans, daily deposits & withdrawals, much more. Also popularly termed as Personal or Consumer banking it has a huge customer-base being customer-oriented & hence entails a large number of transactions with small values. The emerging sector of retail lending has been significantly conducive to economic development thereby accounting for almost one-fifth of all banks' credit in India.

Unlike all the sectors of the economy that are undergoing advancement, the retail banking sector is no exception. To cater to the diverse needs of individual customers in the most efficient & cost-effective manner possible, there has been a paradigm shift in the retail banking strategies. Banks have adopted a mix of progressive strategies for a transformational banking experience in terms of introducing Net banking, Plastic money, ATMs, Loans for every need, etc.

Why is Retail banking still prominent & widely accustomed practice for every human from rich to poor? Some of the reasons to justify this are:

If you meet a person occasionally you tend to know their ins & outs & remember them better. Likewise, retail banking makes it possible for individuals to remember the brand as they interact with it daily. It is a way to create your brand image in the consumer's mind.

Retail banking focuses on small-ticket transactions rather than big-ticket ones thereby offering a diversification advantage to the banks.

Retail deposits are stable, interest insensitive, reduced risk & less bargaining for additional interest.

It is possible to establish & maintain an effective customer relationship being beneficial for both the bank & the customers.

Shri Vinayak Sahakari Bank Ltd. could be the roof for all your retail banking needs. We are a professionally managed Financial Institution, a benchmark of transparency, credibility & innovation. Customer delight is our ultimate goal as we are customer-centric & service focused which serves the basis for noteworthy & appreciable growth. We are not a follower of self-praise, so Visit us for an effortless retail banking experience.  

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Gold Loans a Wise Investment

"Gold and Silver are Money…Everything else is Credit."- J.P. Morgan

Ask yourself, Do you Live to Work or Do you Work to Live?

Probably the majority of us will go with the latter. Each one of us works to give ourselves and our family the lavish lifestyle that we have always dreamt of. But in the present scenario when we all are stuck amidst the pandemic crisis, an excessive recession, the shutdown of businesses, no prospective way to earn income through investments the primary concern & struggle for every family is to earn enough to sustain a livelihood. Also, the human tendency to be futuristic never fails to persist.

With the recession kicking in at a huge pace in every sector of the economy, there is an increase in the rate of felony & burglary all over the world. It is pivotal to assure our earnings are secure in a safe place with ways of multiplying them to be prepared to meet the unforeseen contingencies of life. It's a do or die situation. The best approach that is both profitable & relieving is to put your Gold in banks and avail yourself a Gold Loan. Make the gold in your locker work for you in times of immediate need for funds. Having your gold sitting ideal in your house lockers will only add more stress & wouldn't multiply your funds either. Be Smart & grow your funds with Gold Loans.

Gold loans can grow funds that can be used for weddings, education, business expansion, or other needs. Get access to the following benefits:

Get yourself the help you need by putting gold assets as your collateral in safe hands

Omit the expense of processing fees as you do not need to present any income proof documents unlike other loans

Cut the wait by getting sanction to the loan amount immediately after submitting your gold assets as collateral & signing some documents for safety.

Meet your higher borrowing needs with gold loans as it has a higher cap on the loan amount

Gold loans come with lower interest rates comparatively so this offers you the dual benefit of making repayment a bit easier.

Choose from various flexible repayment options with a gold loan.

Wait no more and get your Gold Loan process started and sanctioned with the bank of tomorrow 'Shri Vinayak Sahakari Bank Ltd'. We guarantee to simplify the process for you with minimal documentation to make it less time-consuming because your time is precious to us. We are a benchmark of transparency, credibility & innovation in Ahmedabad. Visit us to know more.

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How Banking Is Beneficial To A Senior Citizen?

When you are young and on your toes, there is enough finance to meet your daily needs, as you are working and have different ways to earn money. But, once you hit 60 or become a senior citizen, you can rely only on your savings and your kids and close ones to fend for you. That is not true, you can go on forward towards the banking sector to fulfill your requirements of the latter years.

Banks have great money-saving and financial advantages, just for your section of society!

Banks, as we all know, are financial institutions where businesses and individuals deposit or borrow money to meet financial needs, from which under certain services they sometimes also earn extra as interest or even pay a sum as interest. The functions and services are not only applicable to the different types of entrepreneurs and the general class of society. Each bank has different clauses and terms under which senior citizens are always given certain benefits higher than that to the other customers of the bank.

How do senior citizen banking services benefit!

Not only government banks but private banks and financial institutions too! Have the best in class services and provisions for the elderly. These financial institutions have queues and special help desks for the senior citizens to facilitate different financial services and inquiries that the seniors might be unaware of. As per the guidelines by the government each bank or financial institution, be it of any type must have a higher rate of interest for the senior citizens, from which they can avail enough funds to meet their essential requirements, in the form of interests.

The other benefits that banking institutions get to you for your financial well-being and security are- free lifetime debit/credit cards that too for limitless transactions of varied types, higher cash limits so that you can have as much money you desire to deposit or invest, as expenditures become nominal and the funds saved is always higher, personal accident insurance so that you can get enough financial coverage if you are injured or require medical aid and the senior citizen savings scheme, wherein the bank backed by the support of the bank gives you benefits of up to 8% interest rate and that too without any income tax consideration so that you can make the best investment even in your old age and get greater liquidity in return over the defined period.

Searching for the banking experts that will undoubtedly support you in your old age?

Shri Vinayak Sahakari Bank has been offering highly secure and reliable banking services for over a decade and a half now. We adhere strictly to all the guidelines by the RBI and have become a notable name in the banking sector of the state, for offering secure, efficient, and dependable services to all sectors and individuals of the economy, be it an entrepreneur or an individual, we are there for you! We are a professional financial institution bench marking transparency, credibility, and innovation in the financial sector.

We have special Senior Citizens Desk and our team of banking experts has always worked for and achieved customer satisfaction, irrespective of the customer being an entrepreneur or a senior citizen. There is a wide range of senior citizen benefits that our bank is known for. We have for you-The the anytime withdrawal facility from Senior Citizens Desk, where you can carry out withdrawal from any ATM near you at all times of the day, Free SMS facility so that you are updated with your account status, transactions, balance, and other offers of the bank on your phone so that you are free from the stress of going online and other attractive benefits to make your later life worthwhile and tension free.

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Pay your all bills at one place, we provide you #easypay services where you can pay your bills with numerous modes. #svsbl

Visit: https://www.svsbl.com/easy_pay.html

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The Guru’s whole work is to bring back the flow of life so that you start becoming joyous and utterly happy and blissful for no reason at all. #svsbl is wishing you Happy #GuruPurnima Facebook: https://www.facebook.com/ShriVinayakSahakariBankLTD/posts/670757616773507