3. Location and Accessibility

You can choose a bank which has its branches at the convenient locations. Any centralized and well connected bank location would be more convenient than a branch located in a far off place. Banks are gradually adopting the system of core banking where you can go to any branch and conduct transaction which later would be accounted through the system of networking among the banks. However still there are many branches which have not been formed themselves part of this network, due to this reason the home branch still matters a lot.

In the same way, the timing of the bank plays a major role. Some private banks begin their banking business by 8.30 or 9 am while Public Service Utility (PSU) Bank usually doesn’t open before 10 am. On the other side there are also some banks which functions till late evenings so you can take some time off after lunch or work to carry out your bank transactions. The most convenient are the bank which remains open even on Sunday as well. Customers who don’t use mobile banking or net banking they must choose a bank whose timing would match to their suitability.