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Bank Exam » Bank Exam Study Materials » General Awareness » Phone Banking
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Phone Banking

Phone banking is amongst the most convenient financial services offered by most banks and financial organizations. For further information, read the articles.

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Because of the repetitious activities needed, phone banking can indeed be extremely tedious at times. Whenever compared to a control group, though, that can be a great deal of fun, and a party or just get off any sort can help to lift spirits. Furthermore, most volunteers aren’t accustomed to making phone calls and conversing with strangers. They must be engaged, and participants working toward the same goal in a group environment can encourage one another to achieve better. It also allows them to form bonds and feel more connected to the campaign. The value of the calls and the number of customers made are both improved by having a party in which all the attendees can mingle, engage, interact, and call voters.

Various types of Phone Banking

Automated and manual phone banking are the two methods of phone banking that could be employed.

Fully automated

Whenever a call is answered, an automatic dialer calls through with a contact list and transfers it to a live representative. A virtual outgoing call centre is the name for this type of system. 

There are two possibilities

Making use of a browser

The agent will only need a computer as well as a headset to get started. It’s that simple! The agent will have to read through the script and complete surveys using the browser interface. The benefits of utilizing a browser include cost, the need for only one device, and the fact that it is hands-free.

Using a mobile phone

To communicate with the campaign, the agent utilizes a phone. The application is accessed on the browser using another device, such as a computer, to read a script, answer questionnaires, and so on. The agent can connect to the campaign in one of two ways: by dialing into the marketing or by receiving a call to connect. What criteria are used to select the modes? They are determined by the phone plans available in your region and their associated prices. Using a phone has the advantage of becoming more advantageous for older volunteer groups, and it does not demand a high connection to the internet to make calls. On the other hand, it is a little more expensive and necessitates the use of many devices.

Users can use one of 3 kinds of dialers in answer phone banking, depending on their needs:

Dialer with Predictive Functions

If you want to reach out to as many individuals as possible, a prediction dialer is highly handy. In case of significant campaigns, like voter id laws, this is required. The dialer dials an address book and connects only those calls to the agents who are answered. This saves a lot of time by filtering out call tones, unanswered calls, and answering machines, among other things. As a result, agents are only focused on speaking with supporters rather than listening to the completely uninteresting sound of an endless busy signal or a robot answering system.

Dialer with Extra Power

The type of dialer automatically dials the numbers while the caller concentrates on the current call. It’s a slower method of calling in which the representative has time to complete the survey, take notes, and then move on to the next call. You can also specify a dial rate to help accelerate the operation even while allowing volunteers enough time to complete the survey questions.

Dialer Preview

It’s a dialer that allows an agent to study contact at their leisure. The discussions are usually more in-depth and could be continuations of past discussions. The manager retains control over who is called and receives a comprehensive recording of each conversation.

What Is Mobile Banking and How Does It Work?

Over the last ten years, the term “mobile banking” has been increasingly widespread. As a result, it is typical for banks to provide their customers with financial and accounting services via cell phones these days. Mobile banking, in its most basic form, is a service provided by banks to its clients that allows them to make and monitor banking transactions using a smartphone.

Mobile banking is a subset of online banking, and they are not, contrary to common assumptions, two sides of a coin. Mobile banking, like internet banking, is available 24 hours a day, 365 days per year and may be used to execute basic operations on a mobile phone through the internet, such as utility bill payments, cash transfers, balance checks, and setting up spending caps, among others. When you make a financial transaction, you’ll get all the appropriate alert notifications on your phone to confirm that it was you who made it.

Conclusion

The phone banking service makes it easier for an account used to complete a banking transaction. The phone banking service allows account holders to do transactions from any location. It is especially useful for people who live in rural areas where bank branches are far away or difficult to reach. Phone banking is a safe and secure way to conduct business. It is used to pay utility bills, block ATM cards, make financial transfers, and open permanent down payment deposit accounts, among other things. Account-holders can also use the phone banking service from any phone. Unlike mobile banking, having a smartphone is not required to use phone financial services.

faq

Frequently Asked Questions

Get answers to the most common queries related to the BANK Examination Preparation.

Is it possible to transfer funds via phone banking?

Answer. A bank transfer can be done in a variety of ways. Telephone, as well as online banking, provide a quick, typ...Read full

Is it possible to conduct mobile banking without access to the internet?

Answer. You can utilize Unstructured Supplementary Service Data to accomplish banking without utilizing the internet...Read full

What is the procedure for registering for phone banking?

Answer. Through the ATM, you can register for Phone Banking and create a password. ...Read full

Answer. A bank transfer can be done in a variety of ways. Telephone, as well as online banking, provide a quick, typically free, and simple way to move funds from one account to another.

Answer. You can utilize Unstructured Supplementary Service Data to accomplish banking without utilizing the internet from your phone. Without internet access, USSD technology is the only way to make digital payments.

Answer. Through the ATM, you can register for Phone Banking and create a password. Swipe the ATM card into the slot, pick the registering option on the ATM screen, input the ATM PIN, and then select “Phone Banking Registration” on the next screen. Then, on the screen, input your registered mobile number and pick the correct one.

 

 

 

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