Types of accounts, different ways to withdraw money

2. The main purpose SB account is to
encourage the habit of savings among the
individual.
The savings made in the bank remain safe
and earn moderate interest.
Account can be opened with a sum of
money (Rs.1000/-)
Account holder may withdraw or deposit
money to his account

3. SINGLE ACCOUNT JOINT ACCOUNT
 Account opened by
single individual
 Any person above the
age of 10 years can
open this account
 Account opened by two
or more individual
 All the depositors or
survivors jointly can
operate the account

4. First fill form and pay minimum(Rs.1000)
or more amount.

5.  A small book called savings bank passbook is
issued, on opening a SB account

6.  Challan , also called pay-in-slip is required to
deposit money

7.  Money can be withdrawn using withdrawing form
, cheque ATM Debit/Credit cards.
1. Issuing bank logo
2. EMV chip
3. Hologram
4. Card number
5. Card brand logo
6. Expiration date
7. Cardholder's name

8. Precautions taken regarding cheque book
 Count the number of cheque leaves immediately after receiving
the cheque book from the bank.
 Check for the correct serial order of the cheques.
 Write the cheques in handwriting using ball point pen.
 Write the amount in the cheque in words and figures and do mark
with a line any space that remains after writing the words and
figures.
 Alteration if any in the cheque should be authenticated with full
signature.
 Do not keep signed blank cheque; preserve the cheque book
safely.
 Do not give blank cheque with signature to anyone.

9.  Bearer cheque : This cheque can be encashed
by anyone
 Order cheque : Bearer cheque can be converted
into order cheque by striking word ‘Bearer’. This
cheque can be encashed only by the person
named in the cheque .
 Crossed cheque : If the cheque is crossed by
two parallel lines and ‘A/C payee only ’ is written
between them then it is crossed cheque.

10. 1. Drawee, the financial institution where the
cheque can be presented for payment
2. Payee
3. Date of issue
4. Amount of currency
5. Drawer, the person or entity making the
cheque
6. Signature of drawer
7. Machine readable routing and account
information
Crossed chequeBearer cheque
Demand draft

11. DEMAND DRAFT AUTOMATED
TELLER MACHINE
 A demand draft is a form of
cheque that is issued and
guaranteed by the bank.