Royal Alliance
Financial Services,
Chalakudy, India
Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual manage and money exchange.
- Keeping money safe while also allowing withdrawals when needed.
- Issuance of chequebooks so that bills can be paid and other kinds of payments can be delivered by the post.
- Provide personal loans, commercial loans, and mortgage loans (typically loans to purchase a home, property or business).
- Issuance of credit cards and processing of credit card transactions and billing.
- Issuance of debit cards for use as a substitute for cheques.
- Allow financial transactions at branches or by using Automatic Teller Machines (ATMs).
- Provide wire transfers of funds and Electronic fund transfers between banks.
- Facilitation of standing orders and direct debits, so payments for bills can be made automatically.
- Provide overdraft agreements for the temporary advancement of the bank's own money to meet monthly spending commitments of a customer in their current account.
- Provide internet banking system to facilitate the customers to view and operate their respective accounts through internet.
- Provide charge card advances of the bank's own money for customers wishing to settle credit advances monthly.
- Provide a check guaranteed by the bank itself and prepaid by the customer, such as a cashier's check or certified check.
- Notary service for financial and other documents.
- Accepting the deposits from customer and provide the credit facilities to them.
- Sell investment products like mutual funds Etc.
- Capital markets services - underwriting debt and equity, assist company deals (advisory services, underwriting, mergers and acquisitions and advisory fees), and restructure debt into structured finance products.
- Brokerage services - facilitating the buying and selling of financial securities between a buyer and a seller. Stock brokers generally require commissions or other charges for brokerage services.
- Private banking - Private banks provide banking services exclusively to high-net-worth individuals. Many financial services firms require a person or family to have a certain minimum net worth to qualify for private banking service. Private banks often provide more personal services, such as wealth management and tax planning, than normal retail banks.
- Insurance brokerage - Insurance brokers shop for insurance (generally corporate property and casualty insurance) on behalf of customers. Recently a number of websites have been created to give consumers basic price comparisons for services such as insurance, causing controversy within the industry.
- Insurance underwriting - Personal lines insurance underwriters actually underwrite insurance for individuals, a service still offered primarily through agents, insurance brokers, and stock brokers. Underwriters may also offer similar commercial lines of coverage for businesses. Activities include insurance and annuities, life insurance, retirement insurance, health insurance, and property insurance and casualty insurance.
