Friday, March 11, 2005

India Vs US

No this is no news about any Baseball/Cricket match between the two :). I am talking about who is ahead in what here. Certainly US is much ahead of India in technology and developments but it is far too behind India when we talk of the Banking System in the two countries. While in India the Banking system has made a major advancement, the US is still lagging behind.
In US when you go to open a Checking account, you receive your Debit Card a week after via mail. But in India you get it instantly along with your net-banking ID and Password.
In US you have to buy Checks and in India it is free.
In US net banking does not support fund transfer facility. In India it is free and you can easily transfer your money from one bank to another.
Not to mention there are many many more facilities that US banks don’t provide but you can find them with the Indian banks.
Any comments??

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