This document provides summaries of various banking products and financial documents. It discusses commercial papers, credit cards, debit cards, statements of account, and traveler's checks. Commercial papers are money market instruments issued by reputed companies as unsecured promissory notes. Credit cards allow individuals to borrow money or buy items on credit up to a limit but can lead to overspending. Debit cards directly withdraw funds from a linked bank account and have fewer credit risks than credit cards. Statements of account show a bank's annual financial position and are legally required. Traveler's checks can replace cash when traveling abroad and are pre-printed checks that allow unconditional payments.

1. Banking C.I.A - 3
III-B com-B
Ashwin Sir
Manas,Daniel,Ajay,Prateek,Karthik,Shashank,Manikantan,Nitesh,Suhas,Sobhi.

2. Commercial Papers
• It's a money market instrument.
• It is unsecured and issued in the form of promissory note.
• Introduced in India in 1990.
• Issued by reputed companies.

3. Features of Commercial Papers
• Issued by banks , public utilities, insurance and
finance companies.
• Net worth of issuing company is rs. 4 crore.
• Must be in denomination must be in multiples of 5
lakh.
• Maturity period is 15 days to 1 year.

4. Credit Cards
THESE CARDS ARE ALSO KNOWN AS PLASTIC MONEY ISSUED
BY BANK TO AN INDIVIDUAL TO BORROW MONEY OR BUY
PRODUCT OR SERVICE ON CREDIT . THE HOLDER OF THE
CARD CAN REPEATEDLY USE THIS CARD UPTO CERTAIN
LIMIT.

5. Credit Cards Advantages
• CONVENIENCE
• RECORD KEEPING
• INTEREST FREE PERIOD

6. Credit Cards Disadvantages
• OVERUSE
• HIGH COST FEES
• TEASER INTEREST RATE

7. Debit Cards
• Also known as Bank Card or Check Card.
• A debit card is a plastic card that provides an alternative
payment method to cash when making purchases.
• It can be called an electronic cheque, as the funds are
withdrawn directly from either the bank account, or
from the remaining balance on the card.

8. Advantages of Debit Cards
• A consumer who is not credit worthy and may find it difficult or
impossible to obtain a credit card can more easily obtain a debit card.
• Use of a debit card is limited to the existing funds in the account to
which it is linked.
• A debit card may be used to obtain cash from an ATM or a PIN-based
transaction at no extra charge, other than a foreign ATM fee.

9. Disadvantages of Debit Cards
• Many banks are now charging non-sufficient funds fees based upon
pre-authorizations.
• Many merchants mistakenly believe that amounts owed can be
"taken" from a customer's account after a debit card (or number) has
been presented, without agreement as to date, payee name,
amount and currency, thus causing penalty fees for overdrafts.

10. Statement of Account
• At the end of each financial year (March) we are required by law
to produce a Statement of Accounts.
• This is essentially a technical publication which provides a true
and fair view of our financial position, and our income and
expenditure for the year.
• It includes all the financial statements and disclosure notes
required by law and these are reviewed by our external auditors.
• The key statements included are: - Movement in Reserves
Comprehensive Income and Expenditure Account Balance Sheet
Cash Flow Statement Key notes to the Core Financial Statements.

11. Statement of Accounts Specimen

12. Traveller's Cheque
• A traveller's cheque is a medium of exchange that can be used in
place of hard currency.
• Traveller's cheques are often used by individuals traveling on
vacation to foreign countries.
• Traveller's cheques can be denominated in one of a number of
major world currencies and are pre-printed, fixed-amount cheque
designed to allow the person signing it to make an unconditional
payment to someone else as a result of having paid the issuer for
that privilege.

13. Specimen Travellers Cheque

14. Thank You !
Copyright *Manas