3. Allow FDI and private investment up to 49% in nationalized banks.

“Merger is a necessity” there should only be 5 banks. The following are the banks. A. State Bank Of India B. Punjab National Bank C. Bank Of India D. Bank of Baroda E. Union Bank Of India

5. Outsource the manual record keeping of the bank to some record keeping agency: This will help in improving productivity of the employees, branch will be spacious and the overall ambience of the branch will be neat and clean. The current structure makes the branch a hotchpotch area due to manually maintaining all the vouchers in the branch and simply dumping at one place. This also leads to frauds and many other undesirable things.

INSTALL AUTOMATIC PASSBOOK PRINTING INA ALL BRANCHES COMPULSORILY AND OUTSOURCE ALL ATM, CDM, PASSBOOK MACHINES

4. Compulsory Outsource maintenance of technological unit of banks to one single company: Currently due to different educational background of staff they are facing difficulty in handling the banks technology and also due to some organizational loopholes. Employees should concentrate on banking and business development but in current scenario one person is looking after many things which is leading towards many operational problems. Compulsory outsourcing ATM’s, Cash deposit Machines.

The charge for savings bank account should be Rs. 50 monthly and current account Rs. 200/- monthly so that banks are made sufficient enough to generate revenues on their own without the help of the government.

6. The rich needs to pay the service charge for the services rendered by the bank: There should be Account maintenance charges for current account customers and the customers who are maintaining minimum 25000/- in the savings bank account on a monthly average balance. The biggest benefit of this is the government doesn’t need to keep aside every year capitalization for the banks as it is doing presently. The charge for savings bank account should be Rs. 50 monthly and current account Rs. 200/- m

The reporting time to RBI for inward cheques clearing should be 8.00AM sharp from 11.30/12.00PM at present.

The minimum penalty fee should at least be Rs.5000/- to ensure minimum reporting of returned cheques by the bank compare to the present return ratio prevailing in the nationalized banks. This will help the people who are accepting cheques for their compensation and the drawee once presented the cheques in clearing the drawer is bound to pay which will ensure governance in the entire system. And instruct all the banks to stop generate funds book wherein intimation is given to customers

8. To make India DIGITAL make BANKING DIGITAL: Encourage Banking Kiosk which works like ATM’s, Accept cash, cheques, which prints monthly statement of current and savings account with charges of nominal Rs 5/- or Rs. 10/- in order to maintain paper and rolls in the machine. The idea behind this machine is that routine or basic work of people is done outside bank premises and will save lot of their precious time. All central, state government bodies and its employees, public sector undertaking