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Deepshikha

The Evolution of Money Transfers: From Banks to BANKIT, how BANKIT is smoothing the money transfer process

The Evolution of Money Transfers: From Banks to BANKIT

In many parts of India, especially rural and semi-rural areas, sending money to family members who live far away is essential. Migrant workers, in particular, often need to send money back home to support their families. But how did we get to the point where transferring money is so quick and easy? Let’s take a look at how money transfers have evolved, from traditional banks to innovative solutions, and how BANKIT is contributing to the same with its DMT services. 

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An image showing how BANKIT agent is helping a migrant to send money to his home through domestic money transfer

Migration Workers Sending Money Home: How BANKIT Makes It Easier

In an increasingly interconnected world, the migration of workers from rural and semi-rural areas to urban and commercial centers or even abroad has become a common trend. These hardworking individuals often face a significant challenge of how to safely and efficiently send money back home to support their families. For many, the process of transferring their hard-earned money can seem discouraging due to bank's un-friendly approach towards migrants, with concerns about safety, reliability, and cost. That’s where BANKIT steps in, revolutionizing domestic money transfers to make the process smoother, safer, and more reliable, especially for citizens looking for assisted banking solutions.

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Becoming an IRCTC Agent offers a stable source of income but also provides a range of benefits that can enhance your professional and personal life.

Fuel Your Earnings: The Benefits of Becoming an IRCTC Agent

In today's competitive world, finding a reliable and rewarding job can be challenging, especially in rural and semi-rural areas. One emerging opportunity that stands out is becoming an IRCTC (Indian Railway Catering and Tourism Corporation) agent. This role not only offers a stable source of income but also provides a range of benefits that can enhance your professional and personal life.

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An Image showing How Travel Ticket Booking Can Boost Your Business Profits

Unlock New Revenue Streams: How Travel Ticket Booking Can Boost Your Business Profits

Who doesn’t need extra profits? We all want a way to earn extra money. Imagine transforming your local shop into a bustling travel hotspot or agency where your neighbors come to book everything from Bus tickets to train rides to international flights and hotels to holiday packages. Picture yourself becoming the go-to person in your community for all their travel needs. It’s not just a dream—it’s a real opportunity you can grab by offering travel ticket booking services.

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Term Life Insurance vs Accidental Insurance: Why Accidental Life Insurance is a Boon to Blue Collar Workers

In today's unpredictable world, insurance is a crucial aspect of financial planning, especially for those in high-risk jobs like blue-collar workers who face the daily threat of work-related accidents. Choosing the right type of insurance becomes even more critical for these blue-collar workers, who are exposed to more physical risks at their jobs. Among the various options available, term life insurance and accidental life insurance stand out. While both serve the purpose of providing financial protection, they cater to different needs and scenarios. Let’s learn what each offers and why accidental life insurance can be a game-changer for blue-collar workers.

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An accidental insurance policy provides financial protection in case of such unforeseen events.

Accidental Insurance Explained: Safeguarding the Working Class

Life is full of unexpected twists and turns, and while we can’t predict the future, we can certainly prepare for it. One of the most effective ways to safeguard yourself and your loved ones from unforeseen financial burdens is through accidental insurance. In this blog, we will discuss, what accidental insurance is, its key features, types of plans, who should consider buying it, factors to consider when choosing a policy, how it works, and what is and isn’t covered.

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Features of Term Life Insurance  * Affordability * Age of Entry * Policy Term * Maturity Benefits * Life Cover * Tax Benefits

Term Life Insurance 101: Everything You Should Know to Protect Your Family’s Future

Life is unpredictable, and ensuring your family's future should be a top priority. One of the best ways to provide financial security for your loved ones is through term life insurance. In this blog post, we'll cover the basics of term life insurance, explain why it's important, and show how to choose the perfect insurance to secure your family and loved ones.

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An highly engaging image showing 7 reason why BANKIT is the perfect financial partner for rural India

7 Reasons Why BANKIT is the Perfect Financial Partner for Rural India

Managing finances in rural India is no small feat. With long journeys to the nearest bank, limited access to essential financial services, and the constant stress of paying bills on time, life can become quite challenging. And the language barriers and low financial literacy are cherries on the top and it’s clear that rural communities face significant hurdles in managing their cash. But what if there was a better way? BANKIT, Your one-stop shop for all things financial, and is designed specifically to cater to the needs of rural India. In this blog, we will delve into the unique challenges faced by people living in rural areas and how BANKIT is helping to bridge the gap between traditional banking and the convenience of modern financial solutions.

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Beyond Farming: Exploring New Income Streams for rural India

Agriculture has long been the heartbeat of rural India, providing livelihoods for countless families and driving the nation’s economy. Yet, farming comes with its own set of challenges—unpredictable weather, fluctuating prices, and the constant struggle to achieve financial stability. To ensure a brighter and more secure future, it’s essential for rural communities to explore additional income streams. That’s where innovative solutions like BANKIT can make a world of difference.

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The Impact of Fintech on the Future of Banking

Imagine a farmer in a small village who, after a long day of work, can effortlessly check his bank balance, transfer funds, and pay his bills—all from his mobile phone or at the corner of Kirana's shop in his vicinity. This convenience is no longer a distant dream, but a reality made possible by FinTech, which can be termed as Financial Technology, is transforming how we interact with money and banks, especially in rural and semi-rural areas. 

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