Wide Information On Banking Services...

2. Group Members:
 Raveena Devendran -- 07
 Akshada Guian -- 10
 Kapil Kateja – 17
-V.E.S. College, Mumbai

3. INTRODUCTION
A bank is a financial institution and
A financial intermediary that accepts
deposits and channels those deposits into
lending activities, either directly by
loaning or indirectly through capital
markets.
 Banking business
 Receiving money
 Paying and collecting of cheques drawn
by or paid in by customers
 The making of advances to customers

4. Regulatory Framework
 The bank will be governed by the
provisions of the Banking
Regulation Act, 1949.
 Reserve Bank of India Act, 1934.
Foreign Exchange Management
Act, 1999.
 Payment and Settlement Systems
Act, 2007.

5. 6 Important reasons to
open an account
1. Safe custody of money
2. Making payments
3. Collection of money
4. Advances and loans
5. Helps in transacting smoothly
6. Safe deposit locker facility

6. Saving Account
•Salaried persons or fixed regular
income.
•Encourage people to save money
•Collect their savings.
•No restrictions
•Interest rate

7. Current Account
•Opened by businessmen
•Higher number of regular
transactions
•Demand Deposit Account
•Withdrawn at any time
• Overdaft facilty

8. Facilities given by Banks
 Internet Banking
 Mobile Banking

9.  ATM Services
 Debit Cards
 Credit Cards

10. Fixed Deposits Account
• Fixed period of time
• Repayable only after a specific period is
over.
• Can not be withdrawn before the expiry
of period
• Interest rate

11. Recurring Deposits account
• Opened for a purpose to be
served at a future date
• Who want to save regularly for a
certain period of time and
• Interest rate

12. Features and Services
Provided by Banks
• ECS
• Insurance
• Foreign Exchange
• Demat & Trading Account
• Mutual Funds
• Third Party Fund Transfer
• Loans
WITHIN BANK : E.g. : HDFC HDFC
OUTSIDE BANK : R.T.G.S. N.E.F.T.

13. Loans
• Personal Loan – (Unsecured loan)
• Business loan – (Unsecured loan)
• Two Wheeler Loan – (Secured loan)
• Auto Loan (4 Wheeler) – (Secured loan)
• Commercial Vehicle Loan – (Secured loan)
• Home Loan – (Secured loan)
• Loans Against Gold
• Loans Against Property