BANKING SERVICES IN INDIA, MBA, B.COM, BANKING COMPETITIVE EXAMS, BANKING SERVICES SLIDE SHARE,

1. Prepared by
Somanath sethy
Mba 1st year
2nd semester
Roll-b/16-18-65
Ipsar b.school

2. WHAT IS BANKING SERVICES ?
The modern banks provide their customer with a
variety of new facilities provided are explained
traditional functions ....
Mobile banking
Debit cards
Safety locker facility
Travellers cheques
Telegraphic transfer/telex transfer
Automated teller machine
Credit cards
Seven days banking
Gift cheques
Electronic funds transfer

3.  Mobile banking is a service provided by a bank that allows
its customers to conduct financial transactions remotely using
a mobile device such as a mobile phone or tablet.
Mobile banking helps in book train tickets
airline/railwaya. Bus/movie tickets/cricket tickets/and shop .
 from your mobile immediately payment .
 service which allows you to do virtually transferring
funds between accounts,bill payment.

5. A card allowing the holder to transfer money electronically from
their bank account.
When making a purchase a debit card card also know as a bank
card or check card .
It is a plastic payment card that can be used instead of cash when
making purchase .
A debit card is only accepted at outlets with electronic swipe
machine that can check and deduct amounts from the bank balance
online.

7. It is one of the value added services provided by the
banks to offer safe keeping of important documents like
shares debentures and valuables like jewels,gold and sliver
ornaments etc.
Lockers are small containers fitted in steel racks and
kept inside strong rooms called as vaults.
These lockers are available for rent on half-yearly or
annual basis.

8. This is a service meant for tourism traffic .
Which minimizes the risk of carrying heavy cash while travelling. a person
who intends to visit several places can purchase travellers cheque issued by
the banker.
The traveller is required to deposit a certain sum of money with a banker
and ask for issue of travellers cheques.

9. The telegraphic transfer is the equivalent of a cash payment that
can be credited directly to the sellers account.
It is fast & safe .
The sellers may receive the cash in a few hours or days.
 A transfer charge is collected while sending money.

13. This machine also allows to check their account at any
time and without the need for a human teller.
suppose You're short on cash, so you walk over to the
automated teller machine (ATM), insert your card into the
card reader, respond to the prompts on the screen, and
within a minute you walk away with your money and a
receipt in a few minutes.
It is a plastic ATM card with a magnetic strip.
 It contains a unique card number and identity
information.
It is also known as cash cards, bank card, client card, key
card.
This card issued by bank.

14. Alex Robertson has been credited with developing
and building the first automatic teller machine in
USA.
The first ATM called Bankograph was installed in
Barkley bank in north London on 27th June 1967.
After that it was later countries like Japan , Sweden
U.k credited in developing first cash machine.

17. Pre-approved credit which can be used for the purchase of items
now and payment of them later.

18. It is a plastic card having a magnetic strip, issued by a bank or
business authorizing the holder to buy goods or services on credit.
Also called charge cards
The concept of using a card for was first described in 1887 by
Edward Bellamy in his utopian novel Looking Backward.
The size of most credit cards is 85.60 × 53.98 mm

19. What does 16 digit means ?

21. Seven day banking is a very good service that a bank
offers to its customers .
It is relly appreciate a bank for providing its customers
the comfort of banking services on Sunday.
It is a differentiating point that a bank has over its
competitors. This service is provided by some banks not all
banks.

23. EXCHANGE OF MONEY FROM ONE ACCOUNT TO ANOTHER THROUGH
COMPUTER .
Cardholder-initiated transactions, using a payment card such as a credit ordebit
card
Direct deposit payment initiated by the payer
Direct debit payments, sometimes called electronic checks, for which a business
debits the consumer's bank accounts for payment for goods or services
Wire transfer via an international banking network such as SWIFT
Electronic bill payment in online banking, which may be delivered by EFT or
paper check
Transactions involving stored value of electronic money, possibly in a private
currency .

24. ADVANTAGES………
EFT Provides our office with the capacity to,
Automate our payments.
Electronically update our accounts information.
Streamline our cash flow.
Reduce administrative cost.
Eliminate overdue accounts.
Manage delayed disbursements.
Get set up and add customers.

25. DISADVANTAGES
 The fund transfer process generally consists of a series of
electronic messages sent between financial institutions directing
each to make debit and credit accounting entries necessary to
complete the transaction. The fund transfer can generally be
described as a series of payment instruction messages, beginning
with the originator’s (Sending customer’s) instructions, and
including a series of further instructions between the
participating institutions, with the purpose of making payment
to the beneficiary (Receiving customer’s).

27. This is a general utility service rendered by banks.
Bank issue gift cheque against payment of cash .gift
cheques are issued in fixed denominations
They are issued to both customers and non-customers .
The gift cheques are intended to be given by the
purchaser to others as gifts on occasions like birthday
,wedding , etc.