Bank Never Help

[roh...@gmail.com]

I came accross one of the teething problem for the entrepreneurs and
this is not related to OMR Business , but yes Business so I thought to
share one of our experiences of late .

Bank Never Helps ?

Does your bank helps you . Flat answer No . Now you say how

Ok Consider a situation . You are an entrepreneur starting to do
business . Go to bank

a. Need your ITR ( Ha . I have no income , how can I have an ITR)
b. Security Collateral ( Ha ! If I had property I would have rented
and made some money)
c. FDR /LIC or anything ( Ha ! Boss I only have a plan on piece of
paper)

Bank – SORRY !

Now somehow you manage funds and start business

You Open a Current Account, Bank again do nothing , except

a. Do not give you any interest
b. Charges on All Transactions ( Cash /Cheque (outside deposit) , as
they expect you to do business and earn most of it from your town) /
DD /any FDR / )
c. Some Banks even charges to visit you .

Now go and ask a Bank again a Loan

a. Even if you carry 1 Million Bank Cannot loan you . You need to make
an FDR and arrange to deposit it in Bank ( Fun , your money only)
b. Even if your turn over is 1 Cr Bank will even not give you 5 Lacs
on this .
c. Even if your profit is 5 lacs bank would not give you Rs 1 lac
d. Security Deposit , in terms on Non –Movable Asset . Do you believe
in Buying a low cost property these days , fun again ,they would only
give 60-70% of the valuation .

Concluding , Bank in India Help Salary Class people who deposit
savings at 4% Annual Rate of Interest . After all its all about
Finance .

[samirdhingra]

Nice one Rohit ....

-----Original Message-----
From: omrsol...@googlegroups.com [mailto:omrsol...@googlegroups.com]
On Behalf Of roh...@gmail.com
Sent: Sunday, May 24, 2009 1:08 PM
To: OMR Solutions
Subject: Bank Never Help


I came accross one of the teething problem for the entrepreneurs and
this is not related to OMR Business , but yes Business so I thought to
share one of our experiences of late .

Bank Never Helps ?

Does your bank helps you . Flat answer No . Now you say how

Ok Consider a situation . You are an entrepreneur starting to do
business . Go to bank

a. Need your ITR ( Ha . I have no income , how can I have an ITR)
b. Security Collateral ( Ha ! If I had property I would have rented
and made some money)
c. FDR /LIC or anything ( Ha ! Boss I only have a plan on piece of
paper)

Bank - SORRY !

Now somehow you manage funds and start business

You Open a Current Account, Bank again do nothing , except

a. Do not give you any interest
b. Charges on All Transactions ( Cash /Cheque (outside deposit) , as
they expect you to do business and earn most of it from your town) /
DD /any FDR / )
c. Some Banks even charges to visit you .

Now go and ask a Bank again a Loan

a. Even if you carry 1 Million Bank Cannot loan you . You need to make
an FDR and arrange to deposit it in Bank ( Fun , your money only)
b. Even if your turn over is 1 Cr Bank will even not give you 5 Lacs
on this .
c. Even if your profit is 5 lacs bank would not give you Rs 1 lac

d. Security Deposit , in terms on Non -Movable Asset . Do you believe