How to Prepare for Banking Exams Indian Banking Industry IPB Digital Initiative Online Banking Courses

How to get job in private sector banks?

Planning a career in banking ensures you stability in finances and job. The growing enthusiasm for private banks and the associated jobs allow budding bankers to develop their passion for banks. Seeking a bank job requires knowledge and guidance about the eligibility and application process, and we are here to help you. This article will give you in-depth knowledge about how to get a job in private banks and different aspects respectively. Let’s dive into the private bank jobs. 

Private Banks are developing quicker in India than Public Sector banks. Aspiring candidates for private banks could go through different banking courses accessible and get an additional edge over the others during recruitments. They ought to comprehend the recruitment process of various private banks. This information is compiled in this article thoroughly.

What do you need to know about Qualifications?
-A more significant part of private banks require candidates who have earned their four years degree. You ought to be cautious while picking your graduation subjects after 10+2 as most banks typically favor a degree in finance, accounting, business, or economics. Consider chasing after advanced education or gaining certificates in banking-related subjects to work on your possibilities of getting into private banks and procuring a more significant salary. 

An MBA in banking, for instance, can assist you with getting recruited for high banking positions. You could get a diploma in banking to assist you with propelling your job. On their work entries, most commercial banks post their employment opportunities. You can likewise glance through bank vacancy pages. Each bank work has its arrangement of qualification necessities. A few positions require a secondary school diploma, while others might request an MBA or other related post-optional instruction. 

What is the basic Recruitment process in Private Banks?

-Numerous commercial banks conduct a test to evaluate your general aptitude capacities. A group discussion and an interview typically trail this. The recruiting system contrasts starting with one bank and then onto the next. One bank might incline toward candidate psychometric profiling, while another may favor a group discussion. Thus, visit the sites of each bank to study their employment procedures. Many private banks will believe you should sign a bond for one to two years. A candidate cannot leave before the bond is finished. Before marking the service bond, read the agreements.

How will Aspiring Bankers make you bank-ready?
-These days the banking sector is providing a high amount of employment, justifying why it is known as the backbone of the Indian economy. Many passionate candidates aim to ensure their careers in the banking sector. We are determined to guide them to success by teaching the following crucial factors that will help you get your desired job in a private bank.

  • Hacks to crack the Interview:
    Confidence is the backbone of a candidate during an interview. Candidates need to introduce themselves before the meeting board to persuade the board about their capacities to turn into the essence of the bank like they can manage the clients effectively and be a valuable asset. We secure our strengths by making you learn essentials like the most effective 31 questions in an interview and see you shine with confidence and knowledge. The preparation, strategy, and hacks will land you a job in private banks in the present scenario, and we, through our course, teach you for ultimate success.
  • The guidance of Experts:
    Gursimran Singh Oberoi, an engineer by profession and an entrepreneur by passion, established the one-of-a-kind online banking platform that trains fresh graduates to be employed explicitly in banks. He is the founder and managing director.” I feel that rather than theoretical learning, education shall be knowledge-based. Hence I came up with a solution; Aspiring Bankers, where we train young graduates and get them ready to work in the Banking Industry.” His vision is supported by experienced bankers like Jasbir Singh, Retd General Manager Oriental bank of commerce.
  • Analysis of the banking Sector at present:
    The interested applicants who need to desire private banks need to comprehend that these banks are searching for splendid and skilled candidates with a futuristic approach and are devoted to building the bank’s interest. Resume building and learning secrets are also essential to grow professionally and financially in private banks. To know more on how to get a job in private sector banks, click here.We wish you the very best in your banking journey.
Online Banking Courses

Journey with India’s Best Online Banking Certification Portal – Aspiring Bankers

“You just have to have the guidance to lead you in the direction until you can do it yourself”.
Becoming a professional banker is tough but not impossible. Due to new-age technologies and digitalization, the banking industry is having plenty of opportunities. Young graduates need proper guidance and a platform to start their banking careers.

A college education does not provide exposure to real skills required in the banking industry which leaves the students unready for the banks. That’s why Aspiring Bankers has crafted industry unified self-paced online banking certification courses after doing deep research and evaluation. 

While studying, there are always some questions and what-ifs. It’s just part of learning. But letting these doubts unanswered leaves students with low self-confidence. With Aspiring Bankers, this problem doesn’t exist for more than 7 days because every week our top bank experts answer all your questions and clear your doubts in the live video sessions.

It’s extremely hard for students to keep track of their progress. To solve this, Aspiring Bankers added assessment tests at the end of every module that helps students to keep an eye on their progress. Also, the webinars keep all our students updated about the latest trends and technologies in the banking industry. What makes Aspiring Bankers even more amazing is the Mock Skype Interviews conducted by our team of experienced bankers. It provides students with real-world experience.

Watching online videos or reading books does not provide certification that could assure the recruiters about the skills students have. Aspiring Bankers awards professional banking certification at the end of the learning process. Not only that, it is the only e-learning platform that provides 100% placement assistance. Our aim is not to just educate the young graduates but to make their dreams come true.

The following infographic shows how Aspiring Bankers helps students in every step of their journey to become a professional banker:

Indian Banking Industry

How has the Indian banking Sector evolved during the last decade?

India’s banking sector has gone through a paradigm shift in the last few years. The ever-changing and evolving banking industry has played an essential role in the growth and development of the Indian economy. The changes and the shifts in this industry are asset quality, technology, and regulations. 

From physical banking services, including customer walk-ins and face-to-face interactions, to digital anchors (including new age contactless technologies), the Indian banking sector has seen a lot.The Indian banking system has commercial banks consisting of public, scheduled, non-scheduled, regional, private, rural, and cooperative banks. 

There are 27 public sector banks, 49 foreign banks, 21 private sector banks, 56 regional rural banks, 1526 urban cooperative banks, and 94,384 rural cooperative banks with cooperative credit institutions. The Banking Companies Act of 1949 defines the entire banking system in India.

To make our readers well-informed about the changes taking place in the banking sector, we are here with a clearer picture of how the Indian banking sector has evolved over the last few years.

The Changing Scenario

According to the Reserve Bank of India (RBI), India’s banking sector is sufficiently capitalized and well regulated. Moreover, the Indian banks have also survived the global recession. Further, the digital revolution has played a crucial role in building and shaping India’s banking sector. It has helped to promise unparalleled customer experiences and ensure extraordinary gains in productivity. 

The digital payment systems in India have also evolved with Immediate Payment Service (IMPS), which helps in faster payment methods. Especially if we study the post-demonetization period, the finance industry has witnessed a significant shift towards digitization, and now the stakeholders are fully equipped in using the technology diligently. The undergoing changes are leading to the revolution of this industry in the last few years and have been witnessing determined growth and an array of benefits.

With every phase, the Indian banking sector has adapted and diversified itself to make its customer’s financial needs easier and smoother to grow the global financial economy.

Are you a banking aspirant trying to start your career as a professional banker but cannot do it?

Aspiring Bankers have brought a solution for you with their online banking certification course. We provide self-paced and well-researched online banking courses with 100% placement assistance. Enroll Today!

The Driving Economy 

Over the years, banks in India have transformed the financial landscape and growth. The Indian banking system keeps the country’s economy afloat in the present scenarios. The Demonetization of the currency notes in 2016 is one of the prime examples. The existing currency notes were wiped out overnight, throwing the entire nation into chaos. The banks helped the economy regain and recover from the shock by allowing people across the nation to exchange invalid banknotes.

With India’s continuously evolving banking industry, the ability to provide robust support to the nation’s financial development also increases.

The Recent Development – Financial Inclusion 

Financial Inclusion is the availability and equality of opportunities for accessing financial services like banking. It is the primary key to driving any country’s economic growth and development. 

In pursuance of the RBI, the Indian Government is actively trying to propagate financial inclusions through various schemes. These government-run schemes are formed to enhance the outreach of financial services in India. Some of the schemes include –

  1. Pradhan Mantri Jan Dhan Yojana (PMJDY)
  2. Atal Pension Yojana (APY)
  3. Pradhan Mantri Vaya Vandana Yojana (PMVVY)
  4. Stand Up India Scheme
  5. Pradhan Mantri Mudra Yojana (PMMY)
  6. Pradhan Mantri Suraksha Bima Yojana (PMSBY)
  7. Sukanya Samriddhi Yojana
  8. Jeevan Suraksha Bandhan Yojana

The Emergence in the Use of Technology Based Services

Technological advancement is another important element leveraging the enhancement and productivity in the Indian Banking Sector. In 2002, Core Banking Solutions (CBS) was adopted for incorporating sophisticated technological solutions. It was an important step taken for the technological advancement of the Indian banking sector. 

This solution has contributed to the bank-to-client interactions and has also helped calculate penalties, interests, maturity, etc. After 2011, technological integration has raised the customer experience with the digital age. Here are a few current digitally-enabled and government-approved banking platforms, such as –

  1. Unified Payment Interface (UPI)
  2. National Unified USSD Platform
  3. Bharat Interface For Money (BHIM)
  4. Aadhar Enabled Payment System

The Merging of the Banks 

One other change in the banking sector in India is its structural change. The Indian Government is more focused on reducing the number of publicly owned banks by announcing mega-mergers. Thus, the number of public sector banks has been reduced from 27 to 12. We are here mentioning a list of public sector bank mergers until April 2020 –

  1. In April 2019, Vijaya Bank and Dena bank merged with Bank of Baroda.
  2. The 6 SBI associates and Bhartiya Mahila Bank merged with the State Bank of India.
  3. From April 1st 2020, the United Bank of India and Oriental Bank of Commerce were merged with Punjab National Bank. (It made them the second largest public sector bank in India)
  4. With effect from April 1st 2020, the Syndicate Bank got together with the Canara Bank.
  5. Allahabad Bank merged with the Indian Bank on April 1st, 2020.
  6. With effect from April 1st 2020, Andhra Bank and Corporation Bank of India merged with the Union Bank of India.


Technology has not only been the only transforming factor in the Indian banking sector. It has also changed the customers’ perception and has worked on their better experience in this industry. The entire Indian banking system is undergoing rapid growth and transformation with emerging digital technologies. 

There are also many scopes for more digitization and improvement to gain the overall profitability and efficiency in the services in this sector. The pace at which the entire industry is changing with the technological advancements is making it possible, which was not feasible to achieve in the earlier times.



What makes Aspiring Bankers the best online banking portal?

“The best way to predict the future is to create it” there is always a stage in an individual’s life where choosing the correct path for your bright future plays a crucial role. Success doesn’t come in a day, and one has to work for it dedicatedly. 

At Aspiring Bankers, we are dedicated to providing India with the top banking professionals. Our professionals have been teaching Young aspirants for 6+ years now and have become one of the best institutes in India that provides the best online banking certification courses

With Aspiring Bankers, we have made our course online accessible to everyone who aspires to become a professional banker. This portal is dedicated to banking, making it one step further than other online courses portals. We have one motive, i.e., making the dreams of young aspirants true by teaching them about the right Indian Professional Banking.

Particularly in banking, it is a vast field with a divergent career. And if you want to attain the required skills, you need to work or learn under expert guidance, which will boost your learning differently and help you get one step further in your banking career.

For further information on why Aspiring Bankers is the best and its benefits, the following infographic will help you with the same and provide you with valuable insights about us.
India's best online banking courses


Online Banking Courses

Online Banking Courses and Placement Training – FAQs

There is always a turning point during the early 20s life of individuals in which finding a correct path in terms of career choice plays a crucial role in visualizing a bright future. Everyone needs to be very careful while deciding the career they propose to pursue. Once you are clear about what you want to opt for as your career, you can start working towards it.

If you are looking to make your career in the banking sector specifically, this blog is for you. But, as we know, the banking sector is evolving very fast. Technology has played a very important role in its transformation. As a candidate, you have to learn how to upgrade your knowledge regularly. Therefore, you need to gain those skills that a banker needs to possess.

Top Must-have Banking Skills in 2022

One of the essential options that one can choose in fast-changing times is to keep updated with new developments in the banking industry and learn new skills. To achieve this, a fresher or working professional must enrol themself in a banking certificate course. Here are the skills that a banker must Learn to have a bright career-


  • Relationship Managing:
    The skill focuses on preparing aspirants to deal with customers and helping them make correct decisions about their accounts..
  • Consumer Lending:
    The skill focuses on financing domestic and individual clients. The categories which most fall under these types of loans include home loans, personal loans, and car loans.
  • RM & Credit Analysis:
    The skill aims to prepare individuals to provide analytical support to senior banking employees and inform them of market decisions.
  • Risk Management:
    This is an essential skill in which students understand the absolute risks in the banking industry, including credit risk, market risk, operational risk, liquidity risk, and a brief how-to sidestep similar risks.
  • Sales Skills:
    This skill helps you sell various products and services to customers. You will be inclusively learning Banking Sales and Customer Service, Customer Service Skills & Complaint Handling.

Aspiring Bankers Retail Banking Courses with 100% Placement Assistance!

Advantages of Online Banking Courses

  1. Flexibility: Students aren’t tied down to a fixed schedule.
  2. Reduced Costs: These courses cost way less than offline ones, making them more affordable.
  3. Access to Expertise: Students get an opportunity to learn from the experts directly.
  4. Industry Learning: Learning from the experts helps you attain industry knowledge about what is happening in the field.

Answering all your queries for Online Banking Courses!

  1. How can I do an online banking course?
    Answer: Anyone with a graduate degree can go for an online banking course by directly enrolling on a professional portal. The eligibility criteria for such courses are usually graduation, but students can also enrol for it and get a job according to their qualifications only.
  2. What type of jobs can be performed after an online banking course?
    Answer: Once you have completed online banking certification from an institute, you will be eligible and ready for various job profiles, including Investment Banker, Financial Manager, Financial Analyst, Financial Examiner, Loan Officer, Budget Analyst, Auditor, Broker.
  3. How much does a banking course cost?
    Answer: Different banking courses have different packages. But, on average, the banking course cost is around INR 30000 to INR 40000 from a reputed banking institute which includes all study material and other benefits. India’s wide range of banking institutes offers a minimal budget banking course. Aspiring bankers are one such which provides Banking Course which starts from INR 2400.
  4. Which certificate is the course best for banking?
    Answer: Almost every certification has some other significant benefits in the list that cannot be compared and have importance. For your assistance, you can take retail banking certificates, including banking systems in India, Functions of Banks, Banking sales in India, Digital banking, etc.
  5. Which course is needed for a bank job?
    Answer: There are different banking courses for different profiles in the bank one needs to decide what they are interested in. The complete bank course module can be considered most helpful in getting oneself a secured bank job, including all courses such as Banking System in India, Functions of Banks, Banking Sales & Service, Digital Banking, Risk Management, and Professional Excellence.

How can Aspiring Bankers help you?

Proper guidance at the beginning of your career from experienced teachers can make your skills and future success in an amazingly unique different way. The team of Aspiring Bankers brings you a wide range of Online Banking Certification Courses. With each module, you will learn different skills essential to the growing core in the Indian Banking Industry. We provide our first module(Banking system in India) free of cost.

One can choose a course according to their availability and interest. With these thoroughly researched modules, we also offer weekly doubt clearing masterclasses for free to clear the students’ doubts and the bank interview training. For details, contact us on +91-7299-0000-62 reach us at:


Online Banking Courses

Why is Online Bank Coaching More Beneficial than Physical Coaching?

Sometimes we dream of something which fascinates us the most but destiny puts us in a situation we do not want to be. That can happen to your career as well. For example, there might be someone who wants to work in the banking sector but unfortunately did not get a chance to get in the same. It’s not that destiny does not want you to be a banker, it’s you have to make your destiny. This blog will give you a clear idea about how you can shape your destiny and become what you want to be.

So whatever you want to become needs preparation. If we talk about preparation that directly means that you need some professional training for the field you want to opt for as your career. You might need professional banking coaching before getting into the sector. Now, the question is which type of coaching you should opt for? Online coaching or Offline coaching? Before digging deep into the same, let’s discuss the other aspects to get more clarity.

If you want to become a banker but have not gotten a chance to become what you desired, there can be many reasons. Let’s talk about them one by one and their possible solutions.

  1. You don’t know from where to start.

There might be chances that you might not know where to start if you want to become a banker after completing your higher education. If this is the case, let us help you with that. You can opt for banking courses that eventually provide you with excellent knowledge and certifications that will help you get guaranteed jobs in the banking sector. But you can get the benefit if you do the online course as you need not go anywhere or interact with anyone in this tough time. You can study at your convenience and get the best support for the job placement.


  1. You don’t have the required skills.

There can be chances that you are going for the interview in the bank and stuck there having some technical interview question shot on you. There can be questions like what are the functions of banks? What do you know about digital banking? What is risk management in banking?

With these types of questions, one can get demotivated and think that he is not a good fit for banks.


If this is your situation, then you are at the right place. You should know how deep is the river before you get in to swim. When you know that this is the situation, you should start preparing for that. You can opt for some online banking courses which will help you learn all these skills. You can take some time from your daily routine and pursue this course at your convenient time.

Also Read: 5 Time Management Tips to Crack Bank Exams!

  1. Your upgradation is stuck due to Pandemic.

You must have planned to study to get into the banking sector, but your dreams vanished because of the Pandemic. We understand entirely the same as the situation is not hidden from anyone. But as I said that we are the ones who have to create our destiny. We should not stop.


Get trained for the banking career by just sitting at your home. You need not step out from your home and go to any training institutes to get banking training as this can be unsafe for you and your family. As the only online banking training platform in India named Aspiring Bankers is there to help you learn the most required banking modules that will make you ready to serve in the banking sector. Why worry?

  1. You are working and don’t have time. 

Are you a working person and find no time to study? The solution is the same. You can opt for online banking classes and can study anytime from anywhere. This is the power of technology that you can leverage to make your career in the banking sector.


As you read in the above-said point, you must have found how technology has made your life so easy. As technology has helped you get any training at your fingertips, the banking sector is not left behind in this race. With your and your family’s safety in concern, you can opt for the online platform for the professional banking certification, which will help you grow and make your career in the banking sector even if you face the above-said problems. It has that power.


So if you are the one whose dream is also to become a successful banker, you can opt for Aspiring Banker, the only online banking learning portal which will help you learn the banking modules taught by experts. You will also have a master class and the doubt clearing session every week by the former top-level bankers. Once you complete your professional certification, Aspiring Bankers has a great job placement model, which will help you get an opportunity for interviews with reputed banks and get a job at your preferred location.

So what are you waiting for? Register Today!

Indian Banking Industry

Why Should You Make a Career in the Banking Industry?

There always comes a time in the life of youngsters when they become highly confused thinking which career path is the best for them. This is completely natural as making a career choice is not easy as it appears since one gets fascinated by different career options available in a lot of industries. However, one should make his career in an industry for which he has a natural liking. 

If we talk about making a career in banking, it is a perfect option for those individuals who are good at numbers and would love to deal with people. Making a career in the banking industry is surely a very promising thing for young individuals. This is also due to the fact that the banking sector is a booming one and it offers a lot of good opportunities to the banking aspirants. 

Of course, everyone wants to earn well and have a satisfactory job in the end. This holds true in the case of the banking sector since it not only rewards you with great pay but also assures you of consistent growth. If you compare the starting salary of a banking professional with the other industries, it is pretty much satisfactory. So, you definitely get a good start when you join the banking industry apart from regular leaves and holidays in the entire year. 

Plus, anyone can join the banking sector irrespective of the study one has done before or the industry in which one was working. All you need to do is pass banking exams or get a professional banking certification and crack the interview. Job security is also something that concerns people but due to the zero recession effect on the banking sector, this also fades away in the minds of aspirants. In all, getting placed in banks not only secures your future but also rewards you with a happy financial, personal, and professional life. 

For further information on making a career in the banking industry, the following infographic will help you with the same and provide you with valuable insights into professional banking life.


How to Prepare for Banking Exams

5 Time Management Tips to Crack Bank Exams!

Exam time! We are sure that the moment you must have read this, the entire experience of D-Day would have come to your mind. Some might remember it as a day of fear, success, extreme pressure, failure or a combination of all.

Let us stop for a second and think why such extreme emotions trigger in the mind during a bank exam? Well, it is because of having an unorganized mindset just before the exam and during the exam.

How can we have a relaxed and organized mindset that is not thinking about how to crack bank exam all the time? The answer lies in time management before the exam and during the exam. While you have a chance of improving yourself before an exam but during an exam, you do not have a second chance. 

So, let us today focus on how we can manage our time during the exam time that helps us stay calm and composed, leading to better results eventually.


Getting Ready for the Exam Day 

It is imperative to get ready both physically and mentally before appearing for a bank exam, and the following activities will help you achieve the same:

  • Get Enough Sleep

Your body needs a good amount of rest before the exam day. So, make sure you sleep on time and take at least 8 hours of sleep before waking up.

  • Stop Studying after Getting Up

Studies throughout the world have proved that it is better to let your brain remember what you have studied earlier rather than feeding it with more information and pressurizing it further on exam day.

  • Eat Healthy Foods

Eat healthy foods like fresh vegetables and fruits that provide you with the best of nutrients to boost your energy and brain activity.

  • Exercise/Medidate/Pray

Do any of the above as you like but a combination of all these will help you in calming your mind and enhancing your mental health in the best possible manner.

  • Believe in Yourself

Firmly believe in yourself and be confident of your preparation. This will help you in keeping all stress at bay before leaving for the bank exam.

5 Time Management Tips during Bank Exams

  • Go Through the Entire Paper First

First of all, go through the entire paper and see how many different sections and questions are there in total, along with assessing their difficulty level. You can even mark the questions as easy, moderate or difficult as you go through the paper, sorting things for you at large.

  • Work on Time Allotment

See how much time you are left with after going through the paper. Now, allocate time to different sections carefully. You need not divide equal time to all sections as you can also allocate more or less time to a section according to its difficulty level.

  • Answer the Easy Questions First 

There is no such rule that says you have to go from question no. 1 to the last one. Start solving the questions that you have marked as easy. This will not only assure you of early marks but also make you confident while solving difficult questions since you will be left with more time.

  • Watch the Clock!

After solving a few questions, make sure you keep an eye on the clock. This will help you in knowing how much time you are actually spending on the questions, how much time you are left with, and how much time you need to save for the highest mark questions.

  • Leave At Least 10 Mins for Revision

Believe it or not, mistakes are bound to happen during an exam since to err is human. You must allocate the last 10 minutes for revision since this will help you in figuring out mistakes and rectifying them. Revision alone can help you gain more marks by correcting answers as compared to answering 1 or 2 new questions.

Wrapping Up

We hope you have got a clear idea of managing your precious time during a bank exam. Staying calm and composed during an exam is the way to manage your time better and put in your best efforts eventually. So, make sure you follow the above-mentioned tips for not only managing your time well but also for keeping your physical as well as mental health intact that are equally important for your exam’s success.

We wish you all the best for your bank exams and hope you get selected in one of the leading Indian banks. However, in any case, if you fail to pass the exam or crack the interview, you need not get depressed as the banking sector has a lot to offer. You can get certified in various banking courses and gain entry into the banking system based on the same. Once you are inside the bank, the sky is the limit for you!

In case you are searching for a digital banking course certification, we suggest going with Aspiring Bankers. It is India’s first and the only bank e-learning portal that has got numerous candidates placed in leading banks after their successful certifications. For details, contact us on +91-7299-0000-62 reach us at:

Indian Banking Industry

Top 9 Banking Sector Myths Debunked

Cross-verify before you believe it! This statement holds true in all spheres of life, and if we talk about the professional world, the same applies there. Today, almost every industry faces newer myths around its processes which disrupts the faith of a common man towards an industry. 

These myths become even bigger and problematic when money is involved, making the banking sector one of the top myth favourites. So, let us throw light on some of the common myths prevailing around working in the banking sector and its processes. 

9 Banking Myths & Facts

Diabetes Myths - 10 Common Diabetes Myths

Myth 1: Online/Mobile Banking Exposes Sensitive Information 

Fact: This myth is not true since almost every bank today assures the best transaction security to its customers. However, it is extremely vital that customers educate themselves regarding the same. They should not leave any loopholes for the online exploiters i.e. they should follow bank guidelines strictly and not open any suspicious link that enables financial data access to exploiters.

Myth 2: Finance Degree is a Must for Working in Banks 

Fact: Just because the banking sector is all about financial numbers, it does not mean that one must possess a degree in finance if one aspires to be a banker. There are lots of bank course certifications that can make you eligible for working in the banking sector with respect to specific positions. For instance, India’s first e-learning bank portal Aspiring Bankers offers various banking course certifications that have got numerous individuals placed in leading Indian banks.

Myth 3: Top Banks offer More Security than Smaller Banks 

Fact: Just because your bank is a leading bank, it doesn’t mean you will be offered more transactional or financial security. The reason is every bank, irrespective of its size, has to take essential security measures which are needed for securing the financial details and transactions of its customers. Yes, leading banks do offer you more services but that has everything to do with enhancing your convenience/experience and not your financial security.

Myth 4: Working in Banks require On-the-Job Experience

Fact: Starting your career as a complete fresher is a common thing, and this holds true in the banking sector as well. If someone is looking for a career change, he/she must not skip the banking sector because of zero banking experience. Yes, there are skills and knowledge that make you perfect for a specific job but one can also learn while on the go after getting selected for a particular profile through banking certifications.

Myth 5: There’s No Career Progression in Banks

Fact: If you are willing to work hard and remain sincere in your work commitments, the banking sector has a lot to offer you on the plate. Apart from positional growth, one can also expect great financial progression. If you are working in a public sector bank, you’re entitled to promotions after you have successfully completed the required number of years for the same.

Myth6: Banks offer No Work-Life Balance

Fact: This myth is prevalent due to the fact that bank employees have to work extra at times to complete deadlines. However, this is a common working scenario in almost every industry. This does not make this myth true at all! Banks offer their employees regular leaves and family holiday packages whose expenses are completely borne by the banks, boosting the work-life balance of the employees eventually.

Myth 7: The Banking Sector is Male-Dominated

Fact: This myth is as false as it can get since every bank has a lot of women employees who have been working for years. If you take the example of Arundhati Bhattacharya, the ex-chairman of India’s leading public bank, State Bank of India, it clearly proves how much importance is given to women in the banking industry. If we talk about 2021, there would hardly be any department where women’s employment is not considered. One can even see females working in petrol stations and toll tax counters on the highways in India. Do we need to say anymore?

Myth 8: Digital Banking is Only for Young Account Holders

Fact: This is absolutely not true as digital banking is not restricted to young adults alone. This service is for every bank account holder, irrespective of his/her age. Such myths prevail citing the less ability of elders in using digital banking as compared to youngsters. However, using digital banking is extremely easy and such elders need not have too much technical expertise for the same.

Myth 9: Online Bank Courses is of No Use

Fact: This is not the truth as a lot of people have benefitted from online bank coaching and even got placed in top banks. In fact, online bank courses provide you with a lot of conveniences, especially where you can learn from anywhere anytime. If we talk about working individuals who want to make a shift in the banking sector, online coaching is probably the only thing that can make this dream of theirs come true. 

How to Keep Yourself Away from Such Banking Myths?

Myths can really take away a lot of your energy, focus, and time. Even worse, they can even make you act in a way that leads to your financial loss. Therefore, it is imperative to stay away from such myths through the following ways:

  • Do not trust every financial information/news that comes across your way, especially the ones that are forwarded on social media channels.
  • Keep yourself updated regarding the policies of your bank by visiting its website regularly and checking for any latest updates.
  • Listen to financial news daily so that you come to know of any major/minor changes that are happening or are about to happen in the banking sector in the coming future. 
  • Cross-verify the facts before you start to believe and act with respect to any news related to the banking sector and financial services by taking online search help or talking directly to bank representatives. 


These myths clearly tell us about the misinformation that is prevalent in society regarding the banking sector and its services. With the passing of time, new myths emerge in the market that can mislead people into making unwanted costly financial errors. 

So, it is essential to stop trusting any random financial news that emerges out of nowhere, especially the one that is not being discussed in society. Rather, one should take the above-listed preventive measures to keep the entire false financial information at bay, enhancing the account’s financial security eventually.