Are you thinking of joining the most alluring profession available in India? Retail banking now counts as one of the sectors that provide individuals with job security as well as lucrative opportunities. At present, the banking and finance sector is the best to look up for jobs.
If you want to get into the retail banking sector, you need guidance from experts. Institute of Professional Banking (IPB) offers different courses to help graduates get into the banking sector. You can get in touch with them to prepare yourself for a retail banking career.
Now, we will share more info about retail banking.
What Is Retail Banking?
Retail banking, also known as personal banking or consumer banking, offers financial services to individual consumers instead of enterprises. Customers can get credit, manage and deposit money safely and securely via retail banking services. People also borrow money from retail banks to buy a house or a property. Or retail banks provide money for buying a car or house extension. The PGCRB course offered by IPB is the best way to kickstart a career in banking. It is a 90-day course that helps aspirants get ready for a banking career.
How Retail Banking Works?
Retail banks offer a wide array of services to the general public, such as credit and debit cards, bank accounts, fixed deposits, loans, etc. Basically, these services help people manage their finances. The services like deposits and withdrawals can be completed via both online and bank branches.
Online retail banking has made it very easier for individual customers to avail the banking services. People can get home loans, personal loans, car loans, open fixed and recurring deposits, transfer money, etc. Yet, the products and services offered can differ from bank to bank.
Retail Banking Jobs
Retail banking jobs are quite assorted, but they are a ladder that you can climb to grow your career. The junior-level posts and bank clerks help people to withdraw money with basic doubts.
Financial advisors and mortgage advisors offer different types of personal finance products, such as loans and mortgages. They help people carry out interviews, assessments and with their application process to ensure they are eligible for the services. But they have the right to offer advice about specific products.
Branch managers look after the day-to-day running of the bank branches, conducting marketing and sales campaigns, and managing staff.
Regional managers have the responsibility to oversee all the branches in a particular area of the country.
Advantages Of Retail Banking Jobs
When talking of the perks of retail banking jobs, there is a lot that you can avail yourself of. These jobs offer quick career progress and a wide range of prospects along with competitive salaries. When you complete the PGCRB course and get into retail banks, you can benefit from these:
- You can get access to different career paths, not just finance.
- Flexible working hours and favourable work-life balance
- Competitive pay along with other perks, such as healthcare and retirement possibilities
- With bank jobs, you get to contribute to the community.
- Prospects at different career levels, including entry-level workers, qualified professionals, transitioning service members, etc
Being lucrative and offering ever-growing opportunities, retail banking jobs in India can be the best career option. As an aspiring graduate, you must look up to making a career in the banking sector.
When you have the support from the experts of IPB, the journey will become easier for you. Get enrolled for the PGCRB course and find your way to becoming one of the leading banking professionals in the upcoming year.