Canara Bank 1st Bank to issue Online Digital Balance Confirmation Certificate. Canara Bank has started a new service. This service is called the Digital Balance Confirmation Certificate. It is available on a website called PSB Alliance Pvt. Ltd portal. This new service will help auditors.
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In the past, auditors had to go to the bank in person. They had to give the bank a letter saying they were allowed to check the accounts. This took a lot of time.
Now, Canara Bank has made this process simple. The bank will give the auditors the account balance information online. The customer must give permission online first. This new method saves a lot of time. It avoids the need for auditors to visit the bank.
Canara Bank is the first bank to offer this online service. The online website is https://digitalbalanceconfirmation.com. It is managed by a company called M/s. PSB Alliance Pvt. Ltd. This website makes the process of getting account balance certificates safe and quick.
Canara Bank is using new technology to improve its services. This shows that the bank wants to help its customers and work more efficiently. This new service shows that Canara Bank is a leader in using digital methods for banking.
What is PSB Alliance Private Limited?
PSB Alliance Private Limited is a company that has an important role in the Indian banking system. It helps to bring banking services to the homes of customers.
Core Function:
This company acts as a main organisation. It helps to give banking services, both money related and other services, directly to the customer’s house. This is very important for the changes being made in Public Sector Banks.
It makes it easier for customers of many Public Sector Banks to get banking services at their homes.
Services:
The main service is bringing banking to the doorstep. This means they will collect and deliver bank papers and money.
They also work with “BAANKNET”. This is a website where property is listed, and auctions are held online. It helps banks and lending companies to get back the money they have lent when people do not repay their loans. These are called Non-Performing Asset loans.
They also give advice to banks.
Company Details:
It is an Indian company, and it was started in the year 2010.
Its main office is in Mumbai, Maharashtra, India.
It works together with many Public Sector Banks.
Purpose:
The company wants to make banking easier for customers.
It wants to help solve problems that banks face, such as getting back money from loans that were not repaid.
In short, PSB Alliance Private Limited helps to make banking easier and more available to people in the Indian Public Sector Banking system.
What is the Canara Bank Digital Balance Confirmation Certificate service, and how does it benefit auditors?
The Canara Bank Digital Balance Confirmation Certificate service is a new way for auditors to check the balance of bank accounts. Auditors are people who check if the accounts of a company or an organisation are correct.
In the past, auditors had to go to the bank branch and ask for the account balance on paper. This took a lot of time.
Now, Canara Bank has started a new website called digitalbalanceconfirmation.com. Through this website, auditors can get the account balance information directly from the bank. This is done through a company called PSB Alliance Pvt. Ltd.
This new system helps auditors in the following ways:
It saves a lot of time. Auditors do not have to travel to the bank branch.
It makes the auditing process faster and easier.
It reduces the need for paper work.
