What is IBA?

IBA or the Indian Banks Association is an organization in India mainly for the industry of banking including public banks, private banks foreign as well as cooperative banks as their member. It was developed on 26^th September 1946 in association with around 235 banks and institutions.

The primary objectives of the Indian Bank Associations are to develop, coordinate as well as strengthen the banking system of India. Along with this, it also helps banks to implement as well as adopt new policies.

Businesses that involve the export of goods and products along with logistics require an LC or the Letter of Credit that guarantees each payment to every person involved in this specific process within a specific period.

The letter of credit also includes an important aspect, that is, the logistics partner, who requires that the transport has been approved by the Indian Banks Association. For example, goods like metals, luxury goods, precious and heavy machines are transported only when the Letter of Credit is fulfilled by the approval of the IBA transporter.

What is the role of IBA with transport companies?

The packers and movers companies which are verified by IBA transporters offer relocation services in various cities in India. The approval is approved only if they fulfill the eligibility criteria.

Getting approval from Indian Banks Association becomes important as a result of the rise in scams among the moving of goods and other products across the country. So as to keep a track of these scams and provide additional security to the whole process, the IBA by approving them keeps a check of whether they are authentic or not as well as whether they are involved in any kind of scams or not.

These packers and movers in India approved by IBA offer authentic as well as reliable services as they go through the whole process where the IBA checks for their eligibility to get approved and if they are delivering quality services or not.

If you want to relocate and are looking for an authentic as well as reliable packers and movers company, here we have provided you the list of approved transporters by the Indian Banks Association.

Packox, similarly, is a movers and packers company. It offers every tiny detail regarding various movers, their prices as well as the other services provided by them with genuine and trusted customer reviews.

Apart from this, all the vendors listed at Packox are not only verified vendors but they ensure that all your goods including vehicles are delivered to safe hands as well.

Packox, including listing, also helps to promote local and small businesses by assisting them in generating leads. These businesses are the ones that are involved in moving and packing. This makes Packox a fairly reasonable platform, especially for local vendors. Not only this, but it also provides free registration for everyone.

Packox is spread all over India and is an affordable platform offering authentic and reliable business listing which are correctly approved by the Indian Banks Association by completing all the required security measures and fulfilling eligibility criteria demanded by the IBA which involves a large number of companies providing relocation services.

Here is why you should choose Packox listed transporters for all your packing and moving requirements.

But, why is approval by the IBA so important? What if your transporter has not been approved by the IBA? What are the advantages of approved IBA transporters? Let us see…

Here are all the advantages of hiring IBA approved transporters

1. The transporters approved by IBA are both licensed as well as registered making them extremely reliable. Since they are approved by IBA, they are also probably more experienced than the transporters that are not approved by IBA.
2. The trained as well as a well-mannered staff of the packers and movers approved by IBA helping you gain all the maximum benefits while relocating from one place to another.
3. The services provided by IBA approved packers and movers company is a bit expensive when compared to the ones not approved. However, their services are also better than the others and therefore, worth their price.
4. The inconveniences faced by customers while moving from one place to another is avoided when hired approved transporters. This is because these companies have a wide network of knowns all over the country making it an easy relocation process.
5. The companies of packing and moving that are approved by the Indian Banks Association also provide insurance for your vehicles. As a result, you do not need to worry in case your vehicle gets stolen or gets damaged and suffers an accident, you will get the money from the bank without any hassles.
6. Hiring approved transporters also provide timely delivery of goods as well as other vehicles making relocation a time-saving process due to their expert as well as trained staff which is both professionalized and trustable.