Core Banking is networking of branches, which enables Customers to operate their accounts, and avail banking services from any branch of the Bank on Core Banking network, regardless of where he maintains his account. The customer is no more the customer of a Branch. He becomes the Bank’s Customer. Thus Core Banking is a step towards enhancing customer convenience through Anywhere and Anytime Banking.

How will Core Banking help Customers?

All Core Banking branches are inter-connected with each other. Therefore, Customers of Core Banking branches can avail various banking facilities from any other Core Banking branch located any where in the world. These services are:

  1. To make enquiries about the balance; debit or credit entries in the account.
  2. To obtain cash payment out of his account by tendering a cheque.
  3. To deposit a cheque for credit into his account.
  4. To deposit cash into the account.
  5. To deposit cheques / cash into account of some other person who has account in a Core Banking branch.
  6. To get statement of account.
  7. To transfer funds from his account to some other account – his own or of third party, provided both accounts are in Core Banking branches.
  8. To obtain Demand Drafts or Banker’s Cheques from any branch on Core Banking Network – amount shall be online debited to his account.

Customers can continue to use ATMs and other Delivery Channels, which are also interfaced with Core Banking platform.

All these aim to provide convenient, efficient, and high quality banking experience to the customers, comparable to world class standards.

What are other benefits to the Customers ?

A Core Banking branch is like a Sales & Service Delivery Center. Back office processes/activities are handled through technology at some other site, called Data Center. Branch, therefore, has more time for serving customers. This improves the quality and efficiency of the services rendered and the customer is directly benefited by way of satisfying and happy banking experience.
Since a Core Banking branch is essentially designed to focus on customer-interface and customer service, the special lay-out and ambience of the branch is made to provide a convenient and delightful banking experience. The Customer Service Representatives / Executives at the branch are specially trained to understand, facilitate and deliver banking services efficiently and effectively.

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