Introduction:
The banking sector is one of the most lucrative fields, offering various opportunities to earn money. From securing a job in the banking sector to opening a mini bank, selling insurance products, becoming a loan agent, there are numerous ways to earn money from banks. Here, we have outlined some of the most solid and proven ways to make money from banks.
1. Secure a Job in the Banking Sector:
One of the most solid ways to earn money from a bank is by securing a job in the banking sector. Positions like Bank Manager, Cashier, Clerk, etc., are highly paid and respected jobs. To secure a job in government banks, one needs to pass the Institute Of Banking Personnel Selection (IBPS) exam. Many government banks also conduct their exams for recruitment. In private banks, you can get a job according to your qualifications. If you are not highly educated, you can apply for peon or fourth-grade jobs.
2. Open a Mini Bank:
In rural areas and small towns, banking services have not yet reached many places. In such areas, you can open a mini bank with the support of various banks, including SBI. The more transactions you make for customers, the more you earn from the bank. At these mini banks or Customer Service Points, you can perform tasks like opening savings accounts, facilitating RD and FD, issuing farmer credit, facilitating money withdrawal and deposit, investing in mutual funds, and selling insurance.
3. Sell Insurance Products:
Government and private sector banks sell health, general, and life insurance products. Banks have agents who sell insurance products in small towns and rural areas. As an insurance agent, you can earn a commission of approximately 20%. This means if you sell insurance products worth 1 lakh, you can earn 20 thousand directly. The payment is made according to the total insurance products sold in a month.
4. Become a Bank Friend:
Both private and government banks offer their customers the opportunity to become a Bank Friend and work for them. Banks give some commission for opening accounts for other customers. You can also become a Bank Friend in small towns or rural areas and earn thousands every month.
5. Become a Loan Agent:
Many people intend to take loans from banks, but they are not aware of the process. Banks are also hesitant to lend money to an unknown person. You can become a loan agent for the bank and help people get loans. In return, the bank gives you a good commission. You can also help people, and banks hire people on a salary basis for this.
6. Sell Credit Cards:
Banks hire Credit Card Salesmen to sell their credit cards to the right customers. In return, the agent gets a commission from the bank. In addition, those who perform well and sell more credit cards are also given incentives.
7. Take a Business Loan:
You can take a business loan from the bank and start your business. Banks give loans worth lakhs of rupees, considering the business idea and its chances of success. With this, you can start any small or big business and start earning a good profit with hard work and dedication soon.
8. Invest in Bank Stocks:
Most government and private banks are listed in the stock market, and you can invest in their stocks and earn a good return. For instance, if you had invested 10 thousand rupees in Kotak Mahindra Bank shares 38 years ago, today you would have received 300 crores.
9. Deliver Stationery to Banks:
Banks need a lot of stationery for their work, like papers, pens, printers, rubbers, notebooks, diaries, stamps, files, and withdrawal forms. You can deliver these items to banks and earn a good amount of money. This work can be done in both private and government banks anywhere.
10. Open FD, RD in Banks:
If you want, you can also open FD, RD in the bank and get a good return every year. In addition, banks’ mutual funds also give a good return in the long term. By using both these options, you can easily make money from the bank.
11. Participate in Bank Programs:
Many banks run various programs from time to time to get work done, and you can join them and earn money every month. Currently, SBI is running a Youth Fellowship Program, and those who join get a monthly stipend of 15 thousand rupees.
12. Use Bank Payment Apps:
Nowadays, many banks run payment apps and give various cashback and rewards for using them. If you use these apps of banks correctly, you can earn thousands of rupees in cashback and rewards every month.
In conclusion, there are numerous ways to earn money from banks. The right approach, knowledge, and a bit of hard work can help you make the most of these opportunities.
