Rules To Open Bank Account: 1980's vs. 2011

In 1991, when the then Finance Minister Dr. Manmohan Singh opened India to globalization, he ushered in a change in the banking industry too. Multinational banks soon found their way into the thriving Indian market, vying for a piece of the huge billion customer Indian market pie. Things became better for the customer too! More providers meant increased efficiency in the Indian banking sector, which was then a bureaucratic setup. The changed rules also completely changed the factors that customers consider when they open bank accounts today. To understand it better, let's look at the changes that a modern customer has gone through since then.When You Open a Bank Account: The Changed RulesLocation And Networks Do

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