banking in 22 nd century
TRANSCRIPT
FACILITIES PROVIDED BY BANK
1.ECS
2.NEFT
3.RTGS
4.E-BANKING
5.M-BANKING
6.ATM CARDS
7.CREDIT CARDS
8.DEBIT CARDS
NEW FACILITES FOR YOUTH
1. MY JUNIOR ACCOUNT-KOTAK MAHINDRA BANK
2. YOUNG STAR SAVINGS ACCOUNT-ICICI BANK3. MY FIRST YES ACCOUNT- YES BANK4. KIDS BANK ACCOUNT-HDFC BANK
PLASTIC NOTES
Plastic currency notes would be launched in the country after
field trials, Reserve Bank Governor Raghu Ram Rajan
said. "Plastic notes are coming. Tender bids have come for one
billion notes. In five cities, pilot testing would be done, including
Shimla. In 2015, it would be launched based on the results of
pilot testing.
ADVANTAGES of using plastic notes :
1.DOMINANT ROLE OF AUSTRALIA
2.REMOVE ALL SAFEGUARD RELATED PROBLEMS
3.USE OF PLASTIC NOTE IN INDIA
4.GREAT ACCESS IN RECYCLING PROCESS
DISADVANTAGES OF PLASTIC NOTE
• STICKY WHEN WET
• HARD TO FOLD
• DIFFICULTY TO SORT
• HARDER TO COUNT