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NEO Banking - A Future Digital Banking, Development Scope, Threat and Challenges

What is Neo Banking? NEO banks are the banks which has no physical branches. NEO Banks are digital only financial institutions that operate exclusively online through websites and mobile apps.  The financial services industry has undergone massive transformations from manual to Core Banking and now digital without any physical branch. the evolution of banking has been marked by innovations aimed at making financial services more accessible, convenient, and efficient.   NEO Banks offers services like below: Account Management: Account Opening, Checking, Savings, and Money Transfers Loan Services: Quick and seamless loan approvals Low Fees: Minimal or no fees due to lower operational costs Tech Features: Budget tools, instant payments, and real-time alerts Why Are Neo Banks becoming popular now? Convenience : 24/7 mobile banking—no waiting in lines. Lower Fees : No hidden charges, free international transfers, and zero maintenance fees. User-Friendly Apps : Seamless, f...
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Specialist Officers Vacancy in Allahabad Bank 2016-17 Apply Before 30th May 2016



Important Dates

Opening Date for Online Registration    10 May 2016
Closing Date for Online Registration      30 May 2016
Payment of Application fees online         10 May 2016 to 30 May 2016
Tentative Date of Online Test                   17 July 2016
Post Code
Posts
Scale
Posts
Age
01
Chartered Accountant/Financial Analyst
MMGS-II
50
Min. 20 Yrs,
Max. 35 Yrs
02
Security Officer
JMGS I
05
03
Civil Engineer
JMGS I
04
04
Electrical Engineer
JMGS I
01

Pay Scale

JMGS I                 23700-980(7)-30560-1145(2)-32850-1310(7)-42020
MMGS II              31705-1145(1)-32850-1310(10)-45950

Selection Process – Online Test and Interview

Three Years Bond is applicable, Rs 1 Lakh Bond Amount for JMGS I and Rs 2 Lakh bond for MMGS II.

Official Link to Apply - https://www.allahabadbank.in/english/Recruitment.aspx

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