This document outlines various types of bank deposit schemes available in India for residents and non-residents. For residents, it describes savings accounts, current accounts, recurring deposits, fixed/term deposits, and special schemes like public provident funds. For non-residents, it discusses non-resident external accounts (Rupee accounts), foreign currency non-resident accounts in major currencies, and non-resident ordinary accounts. Interest rates vary depending on the deposit type and duration. Banks offer these various deposit options to mobilize funds and offer services to customers in India and abroad.

1. Bank Deposits

2. Presented By
• Alisha Ahuja
• Harnain sethi
• Himanshi Jain
• Ishaan Bhargav

3. Who are Banks?
• Provides services of deposits
• Loan Facilities & Advances
• Ancillary Services
• Creator of liquidity in the market
• Mop up Liquidity

4. Bank Deposit Scheme
Eligibility Criteria
• Residents of India
• Non-Residents of India

5. Bank Deposit Scheme for Indian Residents
• Saving Bank Account
• Current Account
• Recurring Deposits
• Fixed or term Deposits
• Special Bank Deposit Scheme
• Public Provident Fund

6. Current Account
• Mainly for Business, firms & Company’s
• Never used for Investment
• Most liquid deposits
• No interest paid by bank
• No restriction on transactions
• Opened on continuous basis
• Service charges charged

7. Saving Bank Account
• For saving purposes
• Can be opened single or jointly
• Used by Salaried persons, pension receivers & Students
• No restriction on Deposits
• Restrictions on Withdrawals
o Zero Balance Accounts
o With Balance of Rs. 5000
o With Balance of Rs. 10000

8. • Rate of interest 4% per annum
• Account can be opened by cash only.
• Minimum balance to be maintained in a non-cheque facility account is Rs.
50/-.
• Cheque facility available if an account is opened with Rs. 500/- and for this
purpose minimum balance of Rs. 500/-in an account is to be maintained.
• Cheque facility can be taken in an existing account also.

10. Recurring Deposits
• Save money regularly
• Fixed Amount
• For longer Period
• Receive Higher Interest Rates
• Time Period – 6months to 10 years
• Nomination Facilities Provided
• Compounded quarterly basis
• one withdrawal allowed after 1 year- of 50% only

11. Fixed Deposits
• Sum of money deposited
• For specified Period
• One time Deposit & one time Take away
• Can’t be withdrawn before expiry
• In case of early withdrawal- penalty
• High interest Rate paid than savings
• Type of time deposits

12. Special Bank Deposit Scheme
• Launched by Central bank on july1,1975
• To provide better returns to non-government provident funds,
superannuation and gratuity funds
• Initially, for 10 years.
• Extended for another 10 years in 1985, three years in 1995 and for a further
five years in 1998.
• On maturity, the amount is payable in five equated yearly installments

13. Reinvestment Deposits
• Interest compounded quarterly
• Paid on maturity
• In case of Flexi Deposits
• Amount in savings deposit Account
• For fixed Period
• Converted into term Deposits

14. Time Deposits
•
Period Rate
1yr.A/c 8.40%
2yr.A/c 8.40%
3yr.A/c 8.40%
5yr.A/c 8.50%
• Rs.200 minimum balance

15. Public Provident Fund
• 8.70% p.a yearly compounded
• An individual can open account with Rs.100/-
• But has to deposit minimum of Rs.500/- in a financial year
• maximum Rs.1,50,000/-
• Deposits can be made in lump-sum or in 12 installments.

16. Miscellaneous Deposits
• Home Construction deposit scheme
• Sickness Benefit deposit scheme
• Children Gift plan
• Old age pension scheme
• PMJDY

17. Senior Citizen Saving Scheme Account
• 9.3% p.a Quarterly paid
• one deposit in the account in multiple of Rs.1000/- maximum not exceeding INR 15 lakh.
• An individual of the Age of 60 years or more may open the account.
• An individual of the age of 55 years or more but less than 60 years who has retired on
superannuation or under VRS can also open account
• Subject to the condition that the account is opened within one month of receipt of
retirement benefits and amount should not exceed the amount of retirement benefits.
• Maturity period is 5 years.

18. Current Account Saving Account Deposits
• Low Interest paid
• Banks with high CASA ratio
• Having more comfortable Position

19. Bank Deposit Scheme for Non - Indian Residents
• Non-Resident External Accounts
• Foreign Currency non- resident Accounts
• Non Residents Ordinary Accounts

20. Non-Resident External Accounts
• Introduced in 1970
• Rupee Account
• NRI can transfer money from Abroad
• Depositor is exposed to Currency Rate Risk

21. Foreign Currency non- resident Accounts
• Introduced in 1993
• Opened in Six designated Currencies:
USD
Euro
GBP
JPY
CAD
AUD
• Type of term deposit not demand deposit

22. To be continued:
• Life time of 1 to 5 years
• Interest paid on maturity
• If it is of 1 year, Simple Interest Rate
• If it is of more than 1 year, compounded interest rate
• Banks decide Interest rate
• With approval of RBI
• If a person has NRE Account
• Can be converted in it

23. Non Residents Ordinary Accounts
• Resident becomes Non-resident
• Domestic account converted into NRO
• NRI gets credit Accrued in India
• E.g.:- Rent, Interest on investments

24. Websites
• http://caknowledge.in/types-different-bank-deposits-india/
• http://www.affairscloud.com/different-types-bank-accounts/
• http://www.gktoday.in/blog/types-of-deposits-accounts-in-india/

25. •THANK YOU