Paisa Vaisa with Anupam Gupta Optimize Your Bank Account with Rohit Bhasin of Kotak Mahindra
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Aug 5, 2024 Join Rohit Bhasin from Kotak Mahindra, a banking professional, as he shares insights on transforming your financial strategy. He highlights the surprising similarities between FMCG products and bank accounts. Discover how to utilize sweep accounts for better savings and liquidity. Rohit also discusses the importance of early financial literacy for children and provides cybersecurity tips to protect against phishing scams. This conversation is packed with practical strategies to enhance your banking experience!
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Demand-Driven Banking
- Banking is often sales-driven, prioritizing product features over customer needs.
- Rohit Bhasin aims to shift Kotak Mahindra Bank towards a demand-driven approach, focusing on customer insights.
Choosing Banks vs. Loan Products
- People choose banks based on trust and convenience, prioritizing the safety of their money.
- They choose loan products with their minds, prioritizing interest rates and offers.
Opening a Minor Account
- Open a bank account for your child as early as possible, even the day they're born.
- Use their Aadhaar card for identification; no bank card is initially required.