Axis bank takes customer care services from IBM

In the quest of being the fastest growing bank, the AXIS bank has chosen IBM to care for its customer care services with expectation of additional revenue due to cross-selling or up-selling services.

Mr. Jairam Sridharan, Senior Vice-President, Consumer Lending, Axis Bank, said: “We chose the IBM solution to consolidate our contact centre operations because of the company’s proven expertise and experience in this field and its commitment to a solution that maintains the right balance between quality of service and price.”

Fixed deposits – An evergreen mode of safeguarding money

With the introduction of so many investment options nowadays, fixed deposits are still considered one of the favourite options by people. The fact that you can withdraw the money after the short lock in period such as one year or so depending on the bank has always made the people to go along this route. Also nowadays banks have come up with attractive interest rates on the same and people can avail benefit in a shorter period of time. Interest up to 9 or 10 percent is what every bank is offering nowadays with varying time frames.

Also there is no bar on the age to open the account for fixeddeposits and this really helps the people to open the account for their young children as well.

Summary: Fixed deposits can really help people in some form or the other such as urgent money requirements like those involved to be spent on marriages.

Wise use of Credit cards is a must

The days are gone when people used to carry large amount of cash in their pockets. Today is the time of carrying cards and more importantly people have been using credit cards in abundance now without understanding the flaws or rather drawbacks hidden behind the same. Until and unless you are a very careful on how to use your credit card, you should not be going with the same.  And when the time comes pay off your bills, you have to be very informative on the terms used by the banks.

Using a credit card involves a deep understanding on its payment criteria. The minimum dues clearance will put an extra interest over your remaining bill and will put an extra pressure on your budget.

Summary: Be very wise while opting for credit cards and in case you can manage the same properly, then this is not in any case a wrong thing to go for.