The document describes the process and requirements for opening a savings account at a nationalized bank in India. It discusses how the student Sandeep Damushte visited the State Bank of India branch in Kharepatan to open an account. It outlines the various documents required such as address proof, identity proof, nomination form, and account opening application. The document also discusses the importance of opening a bank account and how it helps with independence, cash management, and status. The methodology section explains the process followed and purpose of documents. The conclusion expresses confidence in banking and recommends the bank provide ATM facilities.
know the Importance and Need of Bank Reconciliation Statement.
Understand the Causes for Disagreement between Cash Book and Pass Book Balances.
Prepare Bank Reconciliation Statement.
Usually, a current account is opened for commercial or business purposes and is a form of demand deposit from which the holder can withdraw money any number of times or upto an agreed amount. Opening a current account is a risky proposition for the banks. For instance, if the bank makes an overdraft by mistake, then the bank has to bear the loss if it is unpaid. There is no restriction to the amount deposited in the current account. This form of account is liable for transaction tax especially if the individual or a Hindu Undivided Family (HUF) withdraws Rs 50,000 in cash on any single day. Similar tax is also levied on a corporate entity if the withdrawal is Rs 1,00,000 and above. Although no interest or countervailing interest is payable on a current account however banks are entitled to pay interest to the account of a regional rural bank or the account of a deceased individual. As far as nomination is concerned a single depositor can make nominations while nominations cannot be made by incorporated entities or other trade bodies. With respect to current accounts there are several prohibitions placed on the banks. For example, the bank cannot lure the depositors by announcing prizes or attractive lottery schemes. Similarly, banks also cannot pay brokerage or gifts to agents for deposits placed at the bank.
Here we have considered the Difference between the Bank balance as per Cash Book & the Pass book by preparation of the Bank Statement. The reasons of differences & importance of finding the variation is discussed.
14. bank reconcilaition statement i accounting-workbooks-zaheer-swatiZaheer Swati
Bank Reconciliation Statement: The cash Book and Pass Book / Bank Statement are prepared separately. The Businessman prepares the Cash Book and the Pass Book is prepared by the Bank (here by cash book we mean two or three column cash Book). But as both the books are related to one person and same transactions are recorded in both the books so the balance of both the books should match i.e. the balance as per Pass Book should match to balance at bank as per cash book.
Facebook completes WhatsApp acquisition, CEO Jan Koum agrees to $1 base salaryHarrison Weber
As expected, Facebook today closed its $19 billion acquisition of WhatsApp following approval from European regulators.
Details: http://venturebeat.com/2014/10/06/facebook-completes-whatsapp-acquisition-ceo-jan-koum-agrees-to-1-base-salary/
know the Importance and Need of Bank Reconciliation Statement.
Understand the Causes for Disagreement between Cash Book and Pass Book Balances.
Prepare Bank Reconciliation Statement.
Usually, a current account is opened for commercial or business purposes and is a form of demand deposit from which the holder can withdraw money any number of times or upto an agreed amount. Opening a current account is a risky proposition for the banks. For instance, if the bank makes an overdraft by mistake, then the bank has to bear the loss if it is unpaid. There is no restriction to the amount deposited in the current account. This form of account is liable for transaction tax especially if the individual or a Hindu Undivided Family (HUF) withdraws Rs 50,000 in cash on any single day. Similar tax is also levied on a corporate entity if the withdrawal is Rs 1,00,000 and above. Although no interest or countervailing interest is payable on a current account however banks are entitled to pay interest to the account of a regional rural bank or the account of a deceased individual. As far as nomination is concerned a single depositor can make nominations while nominations cannot be made by incorporated entities or other trade bodies. With respect to current accounts there are several prohibitions placed on the banks. For example, the bank cannot lure the depositors by announcing prizes or attractive lottery schemes. Similarly, banks also cannot pay brokerage or gifts to agents for deposits placed at the bank.
Here we have considered the Difference between the Bank balance as per Cash Book & the Pass book by preparation of the Bank Statement. The reasons of differences & importance of finding the variation is discussed.
14. bank reconcilaition statement i accounting-workbooks-zaheer-swatiZaheer Swati
Bank Reconciliation Statement: The cash Book and Pass Book / Bank Statement are prepared separately. The Businessman prepares the Cash Book and the Pass Book is prepared by the Bank (here by cash book we mean two or three column cash Book). But as both the books are related to one person and same transactions are recorded in both the books so the balance of both the books should match i.e. the balance as per Pass Book should match to balance at bank as per cash book.
Facebook completes WhatsApp acquisition, CEO Jan Koum agrees to $1 base salaryHarrison Weber
As expected, Facebook today closed its $19 billion acquisition of WhatsApp following approval from European regulators.
Details: http://venturebeat.com/2014/10/06/facebook-completes-whatsapp-acquisition-ceo-jan-koum-agrees-to-1-base-salary/
What Facebook acquisition of WhatsApp means for Simplify360Simplify360
There are several talks happening in the Media, and several speculations going on about what happens to the World of Social Media Platforms. We, at Simplify360, are excited about this acquisition, and are looking forward to have more open WhatsApp. More on the presentation.
Project report on 'customer satisfaction towards whatsapp'Chirag Patel
marketing research on "WhatsApp Inc." for general understanding of the marketing research. However in particular my emphasis was on to fulfill the objective of research and to find out and to explore the analyses of primary data.
This Project Report is to measure the Satisfaction level of WhatsApp Messenger; customer satisfaction is a measure of how products and services supplied by a company meet customer expectation. Customer satisfaction is critical if a company is to register high sales profits.
Internship in customer service department at everest bankAspak Miya
It is all about presentation of my friend Geeta Bhandari on be half of Everest Bank Limited.This presentation may help the BBA students of all universities for research on this bank.This presentation is only done for partial requirement to complete BBA program. I am uploading this presentation for helping the Management students to prepare presentation project with the permission of the author.
The principal function of each and every bank is to acquire deposits and provide loan. Every people
have faith on the bank and save their money for securities and getting some interest. Bank performs
truthful position to maintain its functions properly. They collect cash from them as credit score
and provide loan to the needy people in exchange of some interest. The profitability of bank in the
mainly rely on well management of the bank. For ensuring its suitable functions, banks need to
maintain its liquid assets and liabilities.
Throughout this internship report I’m going to speaking about the liquidity management of Janata
Bank Ltd. and its corresponding aspect. My internship report has been divided in some chapter on
the basis of understanding the study. Additionally, I’ve discussed the management method of
Janata Bank Ltd. and structure of the bank that will help to get primary notion about the Janata
Bank Ltd and scope and limitations that I confronted in times of getting ready this report. I tried
my best to encompass some introductory contents about the report I have selected. I firmly think
that this will assist to get a clear view about the exclusive functions of Janata Bank Ltd.
As my topic is about liquidity management of Janata Bank Ltd. so it’s required to give view about
the core issue of the liquidity management of the Janata Bank Ltd. Additionally, I’ve brought the
liquidity management guideline of Bangladesh Bank and tried my best to collect facts about the
liquidity management of Janata Bank Ltd. that the bank has conducted. All these records about the
SLR and CRR condition of Janata Bank Ltd have considered in preparing the report. Liquidity
management refers the management of the liquid assets and maintains reserves to attain goals
following the rules and regulations of the Bangladesh Bank. Loan and advances management of a
bank has significant effect on the liquidity risk of the bank. So Janata Bank Ltd. evaluates the
applicant for a loan carefully to provide loan a right person. In every stages of works of Janata
Bank Ltd. have to follow the guidelines and regulations of central bank of Bangladesh. The
internship program helps me to know the management process of the Janata Bank Ltd.
Finally, I would like say that, Liquidity management is core issue of bank financial management,
so every bank should keep careful attention on the liquidity management of the bank.
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
The Art Pastor's Guide to Sabbath | Steve ThomasonSteve Thomason
What is the purpose of the Sabbath Law in the Torah. It is interesting to compare how the context of the law shifts from Exodus to Deuteronomy. Who gets to rest, and why?
The Indian economy is classified into different sectors to simplify the analysis and understanding of economic activities. For Class 10, it's essential to grasp the sectors of the Indian economy, understand their characteristics, and recognize their importance. This guide will provide detailed notes on the Sectors of the Indian Economy Class 10, using specific long-tail keywords to enhance comprehension.
For more information, visit-www.vavaclasses.com
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
How to Split Bills in the Odoo 17 POS ModuleCeline George
Bills have a main role in point of sale procedure. It will help to track sales, handling payments and giving receipts to customers. Bill splitting also has an important role in POS. For example, If some friends come together for dinner and if they want to divide the bill then it is possible by POS bill splitting. This slide will show how to split bills in odoo 17 POS.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
1. K.S.P.M.’s
Udyogshri Prabhakar Laxman Patil Junior College
of Science Commerce & Arts.
Kharepatan. Tal.- Kankavali , Dist.- Sindhudurg.
2013 - 2014
Subject : Book Keeping & Accountancy
Project Name : PROCEDURE OF OPENING SAVING ACCOUNT IN
NATIONALISED BANK.
Name of Student : Sandeep Atmaram Damushte.
Class - XI Div. - A Roll. No. -27
Board Exam. No. - E - 045459
Name of Guide : Mr. Ajay Janardan Gursale. ( M. Com. B.Ed.)
Cordially submitted to Maharashtra State Secondary & Higher
Secondary Education Board, Pune. Division – Ratnagiri.
2. Udyogshri Prabhakar Laxman Patil Junior
College of Science Commerce & Arts.
Kharepatan.
DECLARATION
Mast./Miss. Sandeep Atmaram Damushte.
Std. - XI Div. - A Roll No. - 27
Board Exam. No. - E - 045459
I hereby declare that the Project named Procedure
of opening saving account in the nationalised
bank of the Subject – Book Keeping & Accountancy
completed by me as per Maharashtra State Secondary
and Higher Secondary Education Board, Pune. Division –
Ratnagiri.
Date : 31 / 03 /2013
Place : Kharepatan
Students’s Signature
3. Udyogshri Prabhakar Laxman Patil Junior
College of Science Commerce & Arts.
Kharepatan.
CERTIFICATE
This is to certify that
Mast./Miss. Sandeep Atmaram Damushte.
Std. – XI Div. – A Roll No. - 27
Board Exam. No. - E - 045459
has completed his / her Project Work titled as
Procedure of opening saving account in the
nationalised bank under my guidance during
academic year 2013 – 2014.
Project Oral Total
Marks
Obtained
14 4 18
Maximum
Marks
15 5 20
Date : 31/03 / 2013
Place : Kharepatan
Guide Sign. College Seal Principal Sign.
4. VISIT CERTIFICATE
This is to certify that
Mast./Miss. Sandeep Atmaram Damushte
Student of U.P.L.Patil Junior College, Kharepatan.
Std. – XI Div. - A Roll No. - 27
has visited our office / institute on 01/01/2013
for educational visit to collect information of
the said project.
Date : 01/01/2013
Place : Kharepatan
Sign.
State Bank Manager
of India Milind N.Jaokar
5. INDEX
Sr. No. Particulars Page
No.
Part - 1
1 Title Page A
2 Declaration B
3 Certificate of College. C
4 Visit Certificate of Institution D
5 Index E
Main Part
6 Introduction
7 Objectives
8 Sources of collection of information
9 Importance of subject
10 Methodology of project
11 Presentation of project
12 Observation
13 Conclusion
Final Part
14 Reference
a)List of Documents
b)Reference books
c) Paper Cuttings
d)Website
e)Other
6. Introduction
I have chosen the topic for my project of Book
Keeping & Accountancy subject.
Procedure of opening saving account in the
nationalised bank. There are four categories of bank viz.
1) Central Bank i.e. Reserve Bank of India 2)
Nationalized Banks 3) Co-operative Banks 4) Foreign
Banks.
Generally we do not open our account in R.B.I. and
Foreign Banks. We need to open our A/c either in the
Nationalised Bank or Co-operative Banks. For particular
class of employees Foreign Bank provide services
therefore the related people can also open their A/c in
Such banks.
I focused on the procedure of opening an A/c in the
Nationalized Bank. I decided to open my Saving Bank A/c
in STATE BANK OF INDIA. Since core banking has been
accepted by all the banks I can operate my account from
any branch of STATE BANK OF INDIA throughout the
country.
I planned to visit STATE BANK OF INDIA
Branch – Kharepatan.
7. Objectives
1. To know the procedure of open saving a/c in
the bank.
2. To know the operation of saving account.
3. To available the information about different
a/c in the bank.
4. To understand the banking facilities available
in the bank.
5. To use the facilities provided by the bank after
opening an a/c.
6. To keep the records through saving a/c.
7. To guide others to operate saving a/c.
8. To update information of my cash
transactions.
9. To have banking status in the society.
10. To update the information through the bank
a/c for the purpose of Income Tax.
8. Sorces of collection of information.
I decided to open saving a/c in STATE BANK OF INDIA , Branch -
Kharepatan. Therefore I needed the following documents to be submitted in the
bank. Some of the documents would be provided by the bank at the time of
opening a/c or after opening of an a/c.
I require following documents to submitted with bank.
Sr.
No.
Requirement of the document or
information
Availability of source
documents.
1 Application to open Bank A/c BANK
2 Ration Card / Electricity Bill SELF
3 Pan Card SELF
4 Introductory person details SELF
5 Photo copies 2 Nos. SELF
6 Municipal Tax receipt / Rent receipt
with landlord’s NOC
SELF
7 KYC Form BANK
8 Nomination Form BANK
9 Form No. 16 BANK
10 Pay in Slip to first deposit in bank
a/c.
BANK
11 Pass Book BANK
12 Cheque Book / Withdrawal slip BANK
13 Informative papers BANK
14 ATM cum Debit Card BANK
9. Importance of Opening Saving a/c.
1. Minimum dependence on parents :
I always depend on my parent to provide a required amount to me for my daily
requirements. I always to wait till they provide it. Now I go to bank and
withdraw the amount from ATM.
2. Operation of an account :
As I have become aware of all the banking transactions and the operation off
an account. I go to bank and deposit the amount given by my parents in my
account and in their account.
3. Saving of valuable time and energy of parents :
Since my parents are busy, sometimes they find difficulty or inconvenience to
operate bank account. Now this inconvenience is stopped due to my
knowledge of my banking operations.
4. Status :
I find proud myself that is I am accountholder in a bank and I can operate my
account independently.
5. Goodwill :
Due to an account opened in the bank the goodwill of the accountholder can
be changed. An accountholder creates his / her personal identity in the society.
6. Benefits of facilities :
When a person opens an account in the bank,he /she gets various benefits like
loan facility, DEMAT A/c, NET Banking, collection of dividend, interest on
securities directly in the a/c.
7. Payment through bank :
Any accountholder can plan for the payments of his / her expenses with the
help of bank. He / she can utilize bank as agent to pay insurance premium as
per standing instructions.
10. Methodology of Project
On 01/01/2013 I visited to the STATE BANK OF INDIA, Kharepatan. I
enquired with the P.R.O. Mr.C. M. Dhanaji Sir, who provided me detailed
information. He specified all the documents required to open the Saving A/c to
me. The Branch Manager Mr. Milind N. Jaokar also give the valuable
information about opening saving a/c in the nationalised bank that saving a/c is
directly attached with Adhar card & all necessary subsidies given by Central Govt
& State Govt. transferred to your Saving a/c. Mr. S. S. Lotankar Sir also provide
information about How to operate your a/c ? And all those documents avail by
Mr. Nilesh Karle in the bank. The intention or the reason of the documents
required in the bank were as follows :
Purpose of all documents required in the Bank :
Sr. No Documents Purpose
1 Application to open Bank A/c To open bank account
2 Ration Card / Electricity Bill Residential Proof
3 Pan Card / Adhar Card Photo Identity Proof
4 Introductory person details Past relation with bank
5 Photo copies 2 Nos. Personal identification
6 Municipal Tax receipt / Rent receipt with
landlord’s NOC
Residential Proof for
verification
7 KYC Form Banking identification
8 Nomination Form For legal nominee
9 Form No. 16 Tax deduction details
10 Pay in Slip to first deposit in bank a/c. Deposit amount in bank.
11 Pass Book To Know bank transactions
12 Cheque Book / Withdrawal slip To withdraw cash from bank.
17. Observation
1. Learn the procedure of opening saving a/c in
the bank.
2. Learn the operation of saving account.
3. Get information about different a/c in the
bank.
4. Understand the banking facilities available in
the bank.
5. Use of Saving a/c after opening aa/c in the
bank.
6. Maintain up to date record of bank
transactions.
7. I understand my responsibilities when open
saving a/c in the bank.
8. I understand the importance of bank a/c for
tax authorities.
18. Conclusion
1. I develop my saving through the saving a/c in
the bank.
2. I feel very confident while communicating
with Class I Officer in the bank.
3. I think that each and every people prefer
nationalised bank for banking.
4. I found that STATE BANK OF INDIA Branch
Kharepatan doesn’t provide the ATM
facilities to their customer.
5. Request for the bank is that provide ATM to
their customer. The ATM machine available to
customer at( Vaibhavwadi 30Km.) & (
Kankavali 40Km.)
6.STATE BANK OF INDIA provide ATM cum Debit
Card facilities to their customer as well as Net
Banking facilities.
7. I found banking made easy by core banking
facilities.
8.I feel comfort to withdraw amount at any city of
our country because of AT PAR Cheque
facility provided by bank.
19. References
Sr. No. Particulars
A. List of documents
1. Application to open Bank A/c
2. Ration Card / Electricity Bill
3. Pan Card / Adhar Card
4. Introductory person details
5. Photo copies 2 Nos.
6. Municipal Tax receipt / Rent receipt with landlord’s NOC
7. KYC Form
8. Nomination Form
9. Form No. 16
10 Pay in Slip to first deposit in bank a/c.
11 Pass Book
12 Cheque Book / Withdrawal slip
B. Magazines / Newspapers
1. Busuness Today
2. The Economic Times
3. The Times of India.
C. Web Site
www.sbi.co.in
www.google.co.in
www.slideshare.com