WHAT ARE IBA APPROVED PACKERS AND MOVERS?

To select trustworthy and reliable packers and movers, IBA sets a pre-decided standard. Every moving company must follow that standard. Packing and moving companies must design their services according to the instructions provided by IBA.

Due to many reasons, people have to change their city or location randomly sometimes, and it becomes a challenge to shift to a new house with all their luggage and gadgets by themselves as it requires lots of expert procedures. In the lack of time and need for quick-shifting, they book a moving company that is nearest to them. The continuously increasing demand for packers and movers is also increasing the number of frauds as well. That is why there was a need for a mechanism to identify actual and fraudulent moving companies. IBA is the solution for it.

The moving companies have to get themselves registered and verified in IBA-assigned codes and provide certified validity policies that the company can show to their customer to verify their identity. But it doesn’t mean that it will stay with the tag once forever. There is a limited validity time, and after that, the company will have to renew it. IBA provides the registration date with an expiration date as well. However, once the IBA license expires, the moving company can renew it.

What is IBA?

IBA stands for Indian Bank Association, which provides verifications to India’s packing and moving industries for the safety of its citizens. IBA is India’s leading agency, first formed on September 26, 1946, that guides, regulates and develops banking in India and works on innovative ideas for healthy and professional banking and financial industries here.

It plays a vital role in the packing and moving industry. IBA establishes a standard for packers, movers, transporters, and related service providers. They must follow all of them and register their company under IBA.

The moving company with IBA approval will have a wide range of networks and provide transportation services nationwide. They also relocate door to door and offer multiple services, including packing, loading, unloading, and unpacking. This is basically a trust stamp for citizens that help them identify the real moving services.

To get IBA approval, packing and moving companies need to comply with specific criteria set by the authority and complete the prescribed documentation to be IBA approved. When a moving company satisfies the IBA recommendation scheme, it comes under the IBA-approved moving company category and gets a license.

Significance of IBA in Moving Industry

In such an online world, where frauds have become so common, the role of IBA comes in front of the help of the citizens of India. Every sector requires a regulatory system to keep them trustworthy. Here you will understand the role of IBA:

Financial Support:

The IBA offers financial support to companies and individuals engaged in the relocation sector. To encourage these moving companies, they also provide loans, credit facilities, and financial guidance to cover the cost of moving, such as home, car, or corporate relocation.

Partnerships for Cooperation:

The IBA also partners with multiple real estate brokers, moving companies, and government organizations in the relocation sector. These collaborations make the process smooth and help coordinate when numerous parties are involved.

Regulations:

IBA sets regulations for relocation sectors to maintain trust and minimize fraud. Banks and other financial organizations related to the relocation sector must follow the rules and regulations maintained by the agency. This guarantees equitable procedures, accountability, and openness in financial transactions associated with relocation.

Education and Awareness:

IBA held workshops, seminars, and awareness campaigns to instruct individuals, businesses, and industry professionals on banking services, loan procedures, documentation needs, and other financial concerns related to moving to avoid any unnecessary struggle. This prevented them from getting stuck in any fraud just because of a lack of knowledge.

Benefits of Choosing IBA Approved Moving Company

Here are all the benefits customers enjoy if they opt for IBA-approved moving companies.

1. There is no risk of fraud as they are licensed and registered. That means they are completely safe and secure. You can trust them and hand over your belongings to them for relocation.
2. Proper insurance coverage of goods and vehicles will be helpful in any unforeseen condition.
3. The IBA-approved professional movers used to be more cost-friendly than others.
4. You will receive assured professional services.
5. They will have experienced and professional staff to manage relocation tasks with the right equipment and techniques.
6. Availability of a robust logistics network.
7. With an approved moving company, on-time delivery is guaranteed.

How to Identify IBA-Approved Right Packers and Movers?

When you need to relocate your luggage and you are relying on packers and movers, you need to consider many factors to make your shifting safe and secure. Choosing an IBA-approved moving company will be the best safety option for your luggage.

Here are some of the factors that you should consider while picking a trustworthy moving company for your relocation.

Documents and certifications

When you book a moving company for your shift, you should always check the company’s legal documents and certifications provided by IBA. Numerous moving companies work in the relocation sector. It is crucial to check their certification to avoid any fraud with your belongings.

Reputations

Always choose a company with a good reputation in the market. This means they are reliable and trustworthy. They must also be IBA-approved. Never go with packers and movers who are not so famous and local.

Experience

Make sure that the moving company has years of history and a well-experienced team. When movers have worked for an extended period, they will have an expert team with years of experience. They will complete your transportation safely and securely.

Physical office location

Before hiring packers and movers, check if they have a physical office. This will build your trust. If any moving company has no physical office, do not hire them, as they might be a fraud. If any company is IBA-approved, it will have a physical office. Visit the physical office of the moving company before hiring.

Review and ratings

Along with these, you should also check the reviews and ratings of different moving companies near you. This will help you choose the best one for you. Choose the high-rated and positive-reviewed packers and movers.

Price

Another factor that you should consider before hiring any moving company for your home relocation, car relocation, or any kind of moving is the price. Always check the top 10 moving companies near you and their prices to get an idea about the best rate. After that, compare the services and do not compromise on quality.

Whenever you think of hiring a moving company for your relocation, consider these tips and then book the perfect one.

Check if Packers and Movers are IBA-Approved or Not

If you want to check whether a packing and moving company is IBA-approved, follow the step-by-step process given below.

1. Visit the IBA website
2. Type the moving company’s name and code
3. After that, you will have to fill out a form with the rest of the details.
4. Click on “Go”

This way, you can consider well-approved IBA packers and movers who will help you make shifting safe and secure. Make sure to check if their verification date has not expired.

Qualification and Standards for IBA Approval of Packers and Mover

The Indian Banks Association (IBA) has set strict requirements and guidelines for packers and movers. They must fulfill specific requirements to get approval from IBA. These standards are as given below:

1. They must have the required licenses.
2. They must be following ethical methods of moving.
3. Also, they should have a track record of satisfied customers.
4. Essential insurance for customers.
5. Capable of completing the moving process professionally.

Before going to the IBA for registration and approval, make sure you are ready to fulfil these criteria. The IBA helps to categorize trustworthy and reliable moving companies at an affordable price. It minimizes the numerous frauds in the relocation sector.

FAQs (Frequently Asked Questions)

List of IBA Approved Packers & Movers Across India