Download - Banking Products Assignment FINAL 2
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8/10/2019 Banking Products Assignment FINAL 2
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XAVIER INSTITUTE OF SOCIAL
SERVICE
ASSIGNMENT
ON PRODUCTS
OF
COMMERCIAL
BANKS
Submitted to : Submitted by :
DRB!ASKAR B!AVANI NIK!IL KU"UR #ROLL
NO$%&'
MURMU SUB!O"IT LEO #ROLL
NO$%('
MAD!US!REE RANG
#ROLL NO$)*'
SATIS! B!AGAT #ROLL NO$
)+'
DEEPAK KUMAR #ROLL NO$
&,'
DEPARTMENT: MARKETING
BATC!: )*%-$)*%+
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TABLE OF CONTENTS
SL NO PARTICULARS PAGE NO
1. Banking structure in India 3 2. Commercial Bank 3-4
3. Functions of Bank 4
4. Financial products of commercial bank
4.1 Liability roducts !-"
4.2 #d$ances "-%
4.3 #sset product %-13
4.4 In$estment product 13-14
4.! Credit & 'ebit card 14-1!
4.( )iscellaneous product 1!-1%
!. Bibliograp*y 1%-2+
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B./0i/1 St2u3tu2e I/ I/di.:
Comme23i.4 B./05:
Comme23i.4 B./05: #re t*ose banks ,*ic* perform all kinds of bankingfunctions suc* as accepting deposits ad$ancing loans credit creation and
agency functions.
Comme23i.4 B./05refer to bot* 536edu4ed and /o/$536edu4ed
commercial banks ,*ic* are regulated under B./0i/1 Re1u4.tio/ A3t7
%(&(
# commercial bank is o,ned by 5to306o4de25and operated for 82o9t
Its 82im.2y u/3tio/5are to recei$e transfer and lend money to
indi$iduals businesses and go$ernments.
Indian banks consist mostly of c*eduled Commercial Banks /SCB50 ,*ic*
includes bot* ublic ector Banks and t*e ri$ate ector Banks.
In ublic ector Banks t*e go$ernment must retain a +%; 5t.0e
c*eduled Commercial Banks in India are categoried into 9
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I7. Foreign Banks and
7. 8egional 8ural Banks
Fu/3tio/5 o B./0:
Fi/./3i.
4
P2odu3t5 o Comme23i.4 B./0
1. Li.bi4ity P2odu3t5:
a$ings accounts
6o-frills accounts
Current accounts
Fi9ed deposits erm deposits
8ecurring deposits
) Ad
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7e*icle loans
#griculture loans
& C2edit 3.2d5> Debit 3.2d5
Credit cards
'ebit cards
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*e i/te2e5t,*ic* is gi$en on sa$ing accounts is sometime often
/omi/.4
#t present t*e rate of interest is 4
*e m.i/ obe3ti
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In current account amount can be de8o5ited ./d =it6d2.=/ .t ./y
time =it6out 1iTe2m de8o5it5
ype of a time de8o5it
Lump sum amount is deposited for a 9ed 8e2iodof time
# 'eposit *eld in t*e Bank for a eriod of 4e55 t6./ ? mo/t65is calledS6o2t Te2m 'eposits and for mo2e t6./ ? mo/t65it is called Lo/1
Te2m'eposits.
!i16e2 2.te o i/te2e5tis paid ,*ic* $aries ,it* t*e period of deposit
I/te2e5tcan be paid Euarterly emi-#nnually orannually as re?. by
customer.
*e money can be =it6d2.=/ .t m.tu2ity but if its =it6d2.=/ beo2e
t*at t*e bank pays 4e55 i/te2e5t
*ose ,*o *a$e 5u284u5 u/d5go for A9ed deposit
F'>s many a times also linked ,it* safe deposit locker facility
Interest 8ate5 p to 1 Gear around "
1 year to ! years around %
Re3u22i/1 de8o5it5
# type of time de8o5it,*ic* allo,s t*e customer to sa$e 5m.44
.mou/t5of money ,it* bank e
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it6d2.=.45are permitted only after t*e e9piry of certain period.
For 82e 34o5u2ea Pe/.4tyis c*arged.
Mode5t i/te2e5tpaid for t*e amount sa$ed ?uarterly *alf yearly or
annually.
*e m.i/ obe3ti
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*e t./1ib4e 5e3u2itymay be in t*e form of s*ares go$ernment paper
life insurance policies A9ed deposit receipts etc. i.e. 8.8e2 5e3u2itie5
M./y d2.=i/15 ./d 2e8.yme/t5 are permitted as t*e customer ,ould
desire pro$ided t*e total amount o$erdra,n i.e. t*e debit balance at any
time does not e9ceed t*e agreed limit.
*e i/te2e5tis c*arged on d.i4y o
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8ate of Interest 5 1+ to 2!
ecurity5
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#ge 5 21 years and abo$e
rofession 5 #nybody ,it* teady source of income including 5
BankDs
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C. )a9imum age limit5 (+ years.
Loan #mount
)inimum5 8s.2! +++-
)a9imum5 8s.1 crore.
)argin5 Finance up to 4+ of t*e market $alue of property.
8ate of Interest5 13 p.a. appro9.
8epayment period5 )a9imum of (+ e?uated mont*ly installments up to 12+ mont*s for
salaried indi$iduals
rocessing Fees5 1 of t*e loan amount. )a9 of 8s. !++++-
A12i3u4tu2e 4o./5
ypical products include crop loans farm e?uipment loans against
,are*ouse receipts
ro$ide loans for *orticulture acti$ities poultry dairy rearing of goat ands*eep sericulture etc
'epends on mo2t1.1i/1 o2 6y8ot6e3.tio/in most loans
Lo./ 3.2d5*a$e been broug*t by many banks ,*ic* can be #)>s or
credit cards
Ve6i34e 4o./5
ro$ide loans for purc*asing ne,second t,o ,*eelers four ,*eelers and
commercial $e*icles
E4i1ibi4ity:Indi$idualsproprietors*ipCorporates e9cept t*ose engaged in
car *iring business
Lo./ .mou/t :"+-1++ of
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Certain e$ents like unfortunate deat* of earning member critical illness
medical emergencies accidents natural and man made calamities etc. can
ad$ersely aect our familyDs ,ell being and Anances.
Insurance plans pro$ide us protection from lifeDs uncertainties and a$enues to
sa$e for your long term Anancial goals.
b0 )utual Fund)utual fund is an entity t*at pools money of large number of in$estors to
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It aut*ories t*e *older to c*ange goods or ser$ices to *is account on ,*ic*
*e is billed.
*e bank recei$es t*e bills from t*e merc*ants and 8.y5 o/ be6.4 o t6e
3.2d 6o4de2
*ese bills are assembled in t*e bank.
Bank gi$es t*e card *older a 12.3e 8e2iod to 8.ytotally or by installments.
*e b./0 36.21e5t*e customer a small amount for t*ese ser$ices.If t*e amount is not paid full by t*e end of t*e period one is 36.21ed
i/te2e5t.
*e card *older /eed /ot 6. and big
cities.
India at present *as about - mi44io/credit cards in circulation.
Debit C.2d5:
'ebit Card is a N8.y /o=O card.
s
5.
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Autom.ti3 Te44e2 M.36i/e:
*e introduction of #)>s *as gi$en t*e customers t*e facility of 2ou/d t6e
34o30 b./0i/1
#) is a de$ice t*at allo,s customer ,*o *as an #) card to perform routine
banking t2./5.3tio/ .t ./y time
*is ser$ice *elps t*e customer to ,it*dra, money e$en ,*en t*e banks ate
closed.*is can be done by inserting t*e 3.2din t*e #) and entering t*e ersonal
IdentiAcation 6umber /PIN'and 5e32et P.55=o2d
It pro$ides t*e customers to ,it*dra, or deposit funds c*eck account
balances transfer funds and c*eck statement information.
!SBC Fi25t B./0to Introduce #)5 1%"H
Ads pro$ide )& 625 , d.y5 -?+ d.y5a year ser$ice.
er$ice is ui30and eQcient
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*e 34e.2i/1 6ou5eJointly ,orks ,it* t*e consumer>s bank 34e.25 t6e
36eueand transfers t*e money to t*e merc*ant>s banks.
*e merc*ant>s bank u8d.te5 t6e me236./t@5 .33ou/t
*e consumer>s bank u8d.te5 t6e 3o/5ume2@5 .33ou/t,it* t*e
,it*dra,al information.
*e e-c*e?uing is a great boon to big corporate as ,ell as small retailers.
)ost maJor banks accept e-c*e?ues.
E4e3t2o/i3 Fu/d5 T2./5e2 #EFT':
)any modern banks *a$e 3om8ute2iedt*eir c*e?ue *andling process ,it*
computer net,orks and ot*er electronic e?uipments.
*ese banks are di58e/5i/1,it* t*e use of 8.8e2 36eue5
*is system facilitates 58eedie2 t2./5e2of funds electronically from any
branc* to any ot*er branc*.In t*is system t*e sender and t*e recei$er of funds may be located in
dierent cities and may e$en bank ,it* dierent banks.
*e sc*eme *as been in operation since Feb2u.2y ,7 %((?7in India.
*e ot*er important type of facility in t*e s
account ,it* t*e person>s pay.
Te4e b./0i/1:
ele banking refers to b./0i/1 o/ 86o/e 5e2
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Mobi4e B./0i/1:
;n-line banking is no, mo$ing to t*e mobile ,orld
it* t*e *elp of a mobi4e 86o/e access to 2e.4$time b./0i/15e2s
If anyone ,ants to make payment of any amount to anyone locallyin t*e same city
*e takes a ay ;rder from t*e bank after paying nominal commission.
:e t*en sends it to t*e beneAciary ,*o ,ill deposit in *is account & get t*e
payment t*roug* clearing ,it* in 2 days.
T2.s C*e?ues are a safe and easy ,ay to protect customer>s money,*en *es*e tra$els.
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Customer can encas* t*em only ,*en *es*e needs to and only against
*is*er signature unlike cas* ,*ic* can be stolen and misused by anybody
C6eue:
*en t*e bank account is opened t*e bank gi$es a c*e?ue book for
making payments.
C*e?ue is used to make safe and con$enient payment.*e c*e?ue may be crossed generally or specially so t*at t*e payment to a
,rong person is pre$ented.
B./0 D2.t:
Bank drafts are often used for t*e purpose of transferring funds from
one place to anot*er ,it*in a country or from one country to anot*er.
*e contents of bank draft are more or less t*at of a c*e?ue but it
is signed not by t*e payer but by t*e banker.
DEMAT A33ou/t:
o *e term '
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*e rent is payable i/ .d>e/=i0i8edi.o21>=i0i>Comme23i.4b./0
6tt85:>>===3itie/5b./03om>3omme23i.4$b./0i/1>b./0i/1$
/eed5>
6tt85:>>===5bi3oi/>8o2t.4>=eb>8e25o/.4$b./0i/1>1o4d$4o./5
6tt85:>>===5bi3oi/>8o2t.4>=eb>.12i3u4tu2e$
b./0i/1>.12i3u4tu2.4$b./0i/1
6tt85:>>===5bi3oi/>8o2t.4>=eb>5tude/t$84.to2m>
6tt85:>>===5bi3oi/>8o2t.4>=eb>8e25o/.4$b./0i/1>.884y$
o/4i/e
6tt85:>>===5bi3oi/>8o2t.4>=eb>8e25o/.4$b./0i/1>3.2$4o./5$
.884y$o/4i/e
6tt8:>>===i3i3ib./03om>Pe25o/.4$B./0i/1>3.2d5>Co/5ume2$
C.2d5>C2edit$C.2d>.44$3.2d58.1eR 6tt8:>>===i3i3ib./03om>Pe25o/.4$
B./0i/1>i/5u2./3e>i/5u2./3e8.1eR
6tt8:>>0.4y./$3ityb4o158ot3om>)*%%>*)>=6.t$i5$3u22e/t$b./0$
.33ou/t$it56tm4
6tt8:>>0.4y./$3ityb4o158ot3om>)*%%>*)>5.>0.4y./$3ityb4o158ot3om>)*%%>*)>9ed$de8o5it$.33ou/t$
o$b./0$me./i/16tm4
6tt8:>>0.4y./$3ityb4o158ot3om>)*%%>*)>2e3u22i/1$de8o5it$
.33ou/t$i/$b./06tm4
:#6@ G;
1%
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