Banking services in India

The Banking system is fairly efficient in India, particularly in the private banks like Standard Charted, HDFC, etc compared to that in the UK.

Business people from the UK would be surprised to find out that the banking system is much faster and more efficient in India.

Normally it takes about 5 days to clear a cheque in the UK while the same may be cleared in India in usually 2 days.

Online funds transfer takes about 3 days in the UK while the same would be done instantly in India.

For opening a bank account you may need to take appointment in the UK which may take anywhere between one to three weeks, while in India your bank account can be opened on the same day within half an hour, just walk in any bank.

Banking system, in the private bank, is very efficient in India as compared to that in the UK.