SlideShare uma empresa Scribd logo
1 de 10
PRESENTATION  ON  KEY FINANCIAL TERMS GROUP 3
  GROUP MEMBERS Afaque Siddique Bank Account Deepika Singh and DilpritSethi Insurance Deepti Jain and Daya Shankar Stock ParnitaRawat Credit Card NehaArora Loan Rishi and Shubhi Conclusion
Bank Account Bank Account is an intangible services provided by core banks through which one can keep his/her money in banks along with the allied banking services.
SAVING ACCOUNT Generally meant for saving purpose. Small amount of interest  is paid. Currently the interest rate on saving account is      3.5% per annum. Here interest is paid once in every six months between 10th  day and last day of the month. Minimum Balance  Rs 500 with no Cheque Book  Rs 1000 with Cheque Book Certain restrictions are imposed  in case of saving account regarding number of transactions within a particular period, withdrawal limits.
CURRENT ACCOUNT  Specially meant for business purposes. There is no limit on number of transactions. No interest is paid on the balances in current account. Overdraft limit is provided In current account. Maintenance or service charge is levied by banks in case of current account. Minimum Balance  Individual account in metro 		Rs 5000 Individual account in urban area 	Rs 5000 Individual account in semi urban area 	Rs 5000 Individual account in rural area 	Rs 2500 Other accounts in metro 		Rs 10000 Other accounts in urban 		Rs 10000 Other accounts in semi urban 	Rs 10000 Other accounts in rural 		Rs 5000
DMAT  ACCOUNT It stands for dematerialized account. It is meant for share trading. It is investment oriented account and not for savings or routine business transactions. Majority of banks are providing the service of  DMAT account. A small fees is charged by banks to  DMAT account. A statement of transactions is provided in every 3 months. PAN card number is a prerequisite to open a DMAT account with a bank. No monetary transactions takes place through DMAT account. Only the transactions of shares occurred.
Some Other Ancillary Accounts No Frill Account. Loan Account. Salary Account. Fixed Deposit Account.
No Frill Account. It is an account which is solely meant for saving. No value added services is provided with this account like cheque book, billing transactions etc. It can be open with zero balance. This account is specially for rural population of India. The suggestion and guidelines for no frill account was given by RBI in 2007. It was first implemented and executed by CANARA BANK  in its rural branches in the state of Karnataka in the year 2009.
Loan Account An account, opened for a customer by a bank, following the granting of a loan. The amount of the loan is credited to the customers current account and similarly debited to the loan account. Examples Of Loan Account.  	CorpVidya Account by Corporation Bank for Education loan. GyanJyoti Account by State Bank for Education loan. 	Accounts for Housing loans, Personal loans and Car loans etc.
Some Statistics Of Bank Accounts Total number of Saving accounts in India 610.3 Million Total number of Bank accounts per 100 person             54 Population of earners having a bank account                 44.9 %

Mais conteúdo relacionado

Mais procurados

Evolution of indian banking system
Evolution of indian banking systemEvolution of indian banking system
Evolution of indian banking system
Bikramjit Singh
 
Management of non performing assets
Management of non performing assetsManagement of non performing assets
Management of non performing assets
cmsgupta
 
Credit management
Credit managementCredit management
Credit management
mammumammu
 

Mais procurados (20)

Bank Accounts & Customers
Bank Accounts & CustomersBank Accounts & Customers
Bank Accounts & Customers
 
Nre and Nro accounts
Nre and Nro accountsNre and Nro accounts
Nre and Nro accounts
 
ppt on NRI BANKING
ppt on NRI BANKINGppt on NRI BANKING
ppt on NRI BANKING
 
Banker and customer relationship (ppt)
Banker and customer relationship (ppt)Banker and customer relationship (ppt)
Banker and customer relationship (ppt)
 
Savings Bank Account
Savings Bank AccountSavings Bank Account
Savings Bank Account
 
Commercial Banking System
Commercial Banking SystemCommercial Banking System
Commercial Banking System
 
Commerce:Receivables Management
Commerce:Receivables ManagementCommerce:Receivables Management
Commerce:Receivables Management
 
Introduction To Banking Operations
Introduction To Banking OperationsIntroduction To Banking Operations
Introduction To Banking Operations
 
NPA
NPANPA
NPA
 
TYPES OF BANK'S CUSTOMER
TYPES  OF BANK'S CUSTOMERTYPES  OF BANK'S CUSTOMER
TYPES OF BANK'S CUSTOMER
 
A.loans & advances
A.loans & advancesA.loans & advances
A.loans & advances
 
Evolution of indian banking system
Evolution of indian banking systemEvolution of indian banking system
Evolution of indian banking system
 
Functions of commercial banks
Functions of commercial banksFunctions of commercial banks
Functions of commercial banks
 
Current account
Current accountCurrent account
Current account
 
INDIAN BANKING SYSTEM
INDIAN BANKING SYSTEMINDIAN BANKING SYSTEM
INDIAN BANKING SYSTEM
 
types of accounts in a bank
types of accounts in a banktypes of accounts in a bank
types of accounts in a bank
 
Management of non performing assets
Management of non performing assetsManagement of non performing assets
Management of non performing assets
 
Credit management
Credit managementCredit management
Credit management
 
Banking Operations
Banking Operations Banking Operations
Banking Operations
 
Indian Banking Structure
Indian Banking Structure Indian Banking Structure
Indian Banking Structure
 

Destaque (6)

Loans and types
Loans and types Loans and types
Loans and types
 
Banking Basics PowerPoint
Banking Basics PowerPointBanking Basics PowerPoint
Banking Basics PowerPoint
 
Bank lendings and loans ppt
Bank lendings and loans pptBank lendings and loans ppt
Bank lendings and loans ppt
 
Banking system ppt
Banking system pptBanking system ppt
Banking system ppt
 
Banking ppt
Banking pptBanking ppt
Banking ppt
 
Loans and advances
Loans and advancesLoans and advances
Loans and advances
 

Semelhante a Bank accounts

Basic saving deposit account
Basic saving deposit accountBasic saving deposit account
Basic saving deposit account
Sandeep G
 
Abhyudaya co operative bank
Abhyudaya co operative bankAbhyudaya co operative bank
Abhyudaya co operative bank
Ankita Singh
 
Types of bank_accounts_in_india_deposit
Types of bank_accounts_in_india_depositTypes of bank_accounts_in_india_deposit
Types of bank_accounts_in_india_deposit
chchchchch
 
Analysis of Casa Ratio of IDBI Bank, Sitabuldi Branch Nagpur
Analysis of Casa Ratio of IDBI Bank, Sitabuldi Branch NagpurAnalysis of Casa Ratio of IDBI Bank, Sitabuldi Branch Nagpur
Analysis of Casa Ratio of IDBI Bank, Sitabuldi Branch Nagpur
KiritKene
 
Interim Reportfinal(Komal Maheshwari)
Interim Reportfinal(Komal Maheshwari)Interim Reportfinal(Komal Maheshwari)
Interim Reportfinal(Komal Maheshwari)
Axis Bank
 

Semelhante a Bank accounts (20)

Basic saving deposit account
Basic saving deposit accountBasic saving deposit account
Basic saving deposit account
 
RETAIL BANKING
RETAIL BANKINGRETAIL BANKING
RETAIL BANKING
 
Internship report on General Banking activities of Janat Bank limited
Internship report on General Banking activities of Janat Bank limitedInternship report on General Banking activities of Janat Bank limited
Internship report on General Banking activities of Janat Bank limited
 
m.com(Final)
m.com(Final)m.com(Final)
m.com(Final)
 
Indian banking system
Indian banking systemIndian banking system
Indian banking system
 
Abhyudaya co operative bank
Abhyudaya co operative bankAbhyudaya co operative bank
Abhyudaya co operative bank
 
Bandhan
BandhanBandhan
Bandhan
 
Types of bank_accounts_in_india_deposit
Types of bank_accounts_in_india_depositTypes of bank_accounts_in_india_deposit
Types of bank_accounts_in_india_deposit
 
Types of Accounts
Types of AccountsTypes of Accounts
Types of Accounts
 
Bandhan Bank - A Banking Gem
Bandhan Bank - A Banking GemBandhan Bank - A Banking Gem
Bandhan Bank - A Banking Gem
 
Guide to saving investment
Guide to saving investmentGuide to saving investment
Guide to saving investment
 
Function of commercial banks in bangladesh
Function of commercial banks in bangladeshFunction of commercial banks in bangladesh
Function of commercial banks in bangladesh
 
SBI Saving Account (Types & It's Features)
SBI Saving Account (Types & It's Features)SBI Saving Account (Types & It's Features)
SBI Saving Account (Types & It's Features)
 
General Banking Activities of SEBL
General Banking Activities of SEBLGeneral Banking Activities of SEBL
General Banking Activities of SEBL
 
Types Of Bank Account Explanation.pptx
Types Of Bank Account Explanation.pptxTypes Of Bank Account Explanation.pptx
Types Of Bank Account Explanation.pptx
 
Commercial Bank Management
Commercial Bank Management Commercial Bank Management
Commercial Bank Management
 
Payments banks
Payments banksPayments banks
Payments banks
 
Bank and Banking System
Bank and Banking SystemBank and Banking System
Bank and Banking System
 
Analysis of Casa Ratio of IDBI Bank, Sitabuldi Branch Nagpur
Analysis of Casa Ratio of IDBI Bank, Sitabuldi Branch NagpurAnalysis of Casa Ratio of IDBI Bank, Sitabuldi Branch Nagpur
Analysis of Casa Ratio of IDBI Bank, Sitabuldi Branch Nagpur
 
Interim Reportfinal(Komal Maheshwari)
Interim Reportfinal(Komal Maheshwari)Interim Reportfinal(Komal Maheshwari)
Interim Reportfinal(Komal Maheshwari)
 

Mais de Ehtisham Ali

Vintage indian advertisement's
Vintage indian advertisement'sVintage indian advertisement's
Vintage indian advertisement's
Ehtisham Ali
 
Extreme Interview Questions
Extreme Interview QuestionsExtreme Interview Questions
Extreme Interview Questions
Ehtisham Ali
 
Intruders detection
Intruders detectionIntruders detection
Intruders detection
Ehtisham Ali
 
Asymptotic notations
Asymptotic notationsAsymptotic notations
Asymptotic notations
Ehtisham Ali
 

Mais de Ehtisham Ali (20)

Vintage indian advertisement's
Vintage indian advertisement'sVintage indian advertisement's
Vintage indian advertisement's
 
Extreme Interview Questions
Extreme Interview QuestionsExtreme Interview Questions
Extreme Interview Questions
 
Windows Avtars
Windows AvtarsWindows Avtars
Windows Avtars
 
Intruders detection
Intruders detectionIntruders detection
Intruders detection
 
Digital Signatures
Digital SignaturesDigital Signatures
Digital Signatures
 
Asymptotic notations
Asymptotic notationsAsymptotic notations
Asymptotic notations
 
Huffman Coding
Huffman CodingHuffman Coding
Huffman Coding
 
Windows basic quiz
Windows basic quizWindows basic quiz
Windows basic quiz
 
Wallpapers show
Wallpapers showWallpapers show
Wallpapers show
 
Wi fi Technology
Wi fi TechnologyWi fi Technology
Wi fi Technology
 
Virtual vista
Virtual vistaVirtual vista
Virtual vista
 
Marketing segmentations
Marketing segmentationsMarketing segmentations
Marketing segmentations
 
Lcd technology
Lcd technologyLcd technology
Lcd technology
 
Gd topics list
Gd topics listGd topics list
Gd topics list
 
Dvd
DvdDvd
Dvd
 
My room
My roomMy room
My room
 
Filmi kids
Filmi kidsFilmi kids
Filmi kids
 
Excel tutorial on students record
Excel tutorial on students record Excel tutorial on students record
Excel tutorial on students record
 
Television broadcasting and promotion
Television broadcasting and promotionTelevision broadcasting and promotion
Television broadcasting and promotion
 
TechQuiz
TechQuizTechQuiz
TechQuiz
 

Último

VIP Independent Call Girls in Bandra West 🌹 9920725232 ( Call Me ) Mumbai Esc...
VIP Independent Call Girls in Bandra West 🌹 9920725232 ( Call Me ) Mumbai Esc...VIP Independent Call Girls in Bandra West 🌹 9920725232 ( Call Me ) Mumbai Esc...
VIP Independent Call Girls in Bandra West 🌹 9920725232 ( Call Me ) Mumbai Esc...
dipikadinghjn ( Why You Choose Us? ) Escorts
 
call girls in Sant Nagar (DELHI) 🔝 >༒9953056974 🔝 genuine Escort Service 🔝✔️✔️
call girls in Sant Nagar (DELHI) 🔝 >༒9953056974 🔝 genuine Escort Service 🔝✔️✔️call girls in Sant Nagar (DELHI) 🔝 >༒9953056974 🔝 genuine Escort Service 🔝✔️✔️
call girls in Sant Nagar (DELHI) 🔝 >༒9953056974 🔝 genuine Escort Service 🔝✔️✔️
9953056974 Low Rate Call Girls In Saket, Delhi NCR
 
Call Girls in New Ashok Nagar, (delhi) call me [9953056974] escort service 24X7
Call Girls in New Ashok Nagar, (delhi) call me [9953056974] escort service 24X7Call Girls in New Ashok Nagar, (delhi) call me [9953056974] escort service 24X7
Call Girls in New Ashok Nagar, (delhi) call me [9953056974] escort service 24X7
9953056974 Low Rate Call Girls In Saket, Delhi NCR
 
VIP Independent Call Girls in Mumbai 🌹 9920725232 ( Call Me ) Mumbai Escorts ...
VIP Independent Call Girls in Mumbai 🌹 9920725232 ( Call Me ) Mumbai Escorts ...VIP Independent Call Girls in Mumbai 🌹 9920725232 ( Call Me ) Mumbai Escorts ...
VIP Independent Call Girls in Mumbai 🌹 9920725232 ( Call Me ) Mumbai Escorts ...
dipikadinghjn ( Why You Choose Us? ) Escorts
 
From Luxury Escort Service Kamathipura : 9352852248 Make on-demand Arrangemen...
From Luxury Escort Service Kamathipura : 9352852248 Make on-demand Arrangemen...From Luxury Escort Service Kamathipura : 9352852248 Make on-demand Arrangemen...
From Luxury Escort Service Kamathipura : 9352852248 Make on-demand Arrangemen...
From Luxury Escort : 9352852248 Make on-demand Arrangements Near yOU
 
VIP Independent Call Girls in Mira Bhayandar 🌹 9920725232 ( Call Me ) Mumbai ...
VIP Independent Call Girls in Mira Bhayandar 🌹 9920725232 ( Call Me ) Mumbai ...VIP Independent Call Girls in Mira Bhayandar 🌹 9920725232 ( Call Me ) Mumbai ...
VIP Independent Call Girls in Mira Bhayandar 🌹 9920725232 ( Call Me ) Mumbai ...
dipikadinghjn ( Why You Choose Us? ) Escorts
 
( Jasmin ) Top VIP Escorts Service Dindigul 💧 7737669865 💧 by Dindigul Call G...
( Jasmin ) Top VIP Escorts Service Dindigul 💧 7737669865 💧 by Dindigul Call G...( Jasmin ) Top VIP Escorts Service Dindigul 💧 7737669865 💧 by Dindigul Call G...
( Jasmin ) Top VIP Escorts Service Dindigul 💧 7737669865 💧 by Dindigul Call G...
dipikadinghjn ( Why You Choose Us? ) Escorts
 
➥🔝 7737669865 🔝▻ Malda Call-girls in Women Seeking Men 🔝Malda🔝 Escorts Ser...
➥🔝 7737669865 🔝▻ Malda Call-girls in Women Seeking Men  🔝Malda🔝   Escorts Ser...➥🔝 7737669865 🔝▻ Malda Call-girls in Women Seeking Men  🔝Malda🔝   Escorts Ser...
➥🔝 7737669865 🔝▻ Malda Call-girls in Women Seeking Men 🔝Malda🔝 Escorts Ser...
amitlee9823
 
Call Girls Banaswadi Just Call 👗 7737669865 👗 Top Class Call Girl Service Ban...
Call Girls Banaswadi Just Call 👗 7737669865 👗 Top Class Call Girl Service Ban...Call Girls Banaswadi Just Call 👗 7737669865 👗 Top Class Call Girl Service Ban...
Call Girls Banaswadi Just Call 👗 7737669865 👗 Top Class Call Girl Service Ban...
amitlee9823
 
VIP Call Girl in Mumbai Central 💧 9920725232 ( Call Me ) Get A New Crush Ever...
VIP Call Girl in Mumbai Central 💧 9920725232 ( Call Me ) Get A New Crush Ever...VIP Call Girl in Mumbai Central 💧 9920725232 ( Call Me ) Get A New Crush Ever...
VIP Call Girl in Mumbai Central 💧 9920725232 ( Call Me ) Get A New Crush Ever...
dipikadinghjn ( Why You Choose Us? ) Escorts
 
VIP Kalyan Call Girls 🌐 9920725232 🌐 Make Your Dreams Come True With Mumbai E...
VIP Kalyan Call Girls 🌐 9920725232 🌐 Make Your Dreams Come True With Mumbai E...VIP Kalyan Call Girls 🌐 9920725232 🌐 Make Your Dreams Come True With Mumbai E...
VIP Kalyan Call Girls 🌐 9920725232 🌐 Make Your Dreams Come True With Mumbai E...
roshnidevijkn ( Why You Choose Us? ) Escorts
 

Último (20)

W.D. Gann Theory Complete Information.pdf
W.D. Gann Theory Complete Information.pdfW.D. Gann Theory Complete Information.pdf
W.D. Gann Theory Complete Information.pdf
 
VIP Independent Call Girls in Bandra West 🌹 9920725232 ( Call Me ) Mumbai Esc...
VIP Independent Call Girls in Bandra West 🌹 9920725232 ( Call Me ) Mumbai Esc...VIP Independent Call Girls in Bandra West 🌹 9920725232 ( Call Me ) Mumbai Esc...
VIP Independent Call Girls in Bandra West 🌹 9920725232 ( Call Me ) Mumbai Esc...
 
(Sexy Sheela) Call Girl Mumbai Call Now 👉9920725232👈 Mumbai Escorts 24x7
(Sexy Sheela) Call Girl Mumbai Call Now 👉9920725232👈 Mumbai Escorts 24x7(Sexy Sheela) Call Girl Mumbai Call Now 👉9920725232👈 Mumbai Escorts 24x7
(Sexy Sheela) Call Girl Mumbai Call Now 👉9920725232👈 Mumbai Escorts 24x7
 
call girls in Sant Nagar (DELHI) 🔝 >༒9953056974 🔝 genuine Escort Service 🔝✔️✔️
call girls in Sant Nagar (DELHI) 🔝 >༒9953056974 🔝 genuine Escort Service 🔝✔️✔️call girls in Sant Nagar (DELHI) 🔝 >༒9953056974 🔝 genuine Escort Service 🔝✔️✔️
call girls in Sant Nagar (DELHI) 🔝 >༒9953056974 🔝 genuine Escort Service 🔝✔️✔️
 
Q1 2024 Conference Call Presentation vF.pdf
Q1 2024 Conference Call Presentation vF.pdfQ1 2024 Conference Call Presentation vF.pdf
Q1 2024 Conference Call Presentation vF.pdf
 
Vip Call US 📞 7738631006 ✅Call Girls In Sakinaka ( Mumbai )
Vip Call US 📞 7738631006 ✅Call Girls In Sakinaka ( Mumbai )Vip Call US 📞 7738631006 ✅Call Girls In Sakinaka ( Mumbai )
Vip Call US 📞 7738631006 ✅Call Girls In Sakinaka ( Mumbai )
 
Call Girls in New Ashok Nagar, (delhi) call me [9953056974] escort service 24X7
Call Girls in New Ashok Nagar, (delhi) call me [9953056974] escort service 24X7Call Girls in New Ashok Nagar, (delhi) call me [9953056974] escort service 24X7
Call Girls in New Ashok Nagar, (delhi) call me [9953056974] escort service 24X7
 
Toronto dominion bank investor presentation.pdf
Toronto dominion bank investor presentation.pdfToronto dominion bank investor presentation.pdf
Toronto dominion bank investor presentation.pdf
 
VIP Independent Call Girls in Mumbai 🌹 9920725232 ( Call Me ) Mumbai Escorts ...
VIP Independent Call Girls in Mumbai 🌹 9920725232 ( Call Me ) Mumbai Escorts ...VIP Independent Call Girls in Mumbai 🌹 9920725232 ( Call Me ) Mumbai Escorts ...
VIP Independent Call Girls in Mumbai 🌹 9920725232 ( Call Me ) Mumbai Escorts ...
 
7 tips trading Deriv Accumulator Options
7 tips trading Deriv Accumulator Options7 tips trading Deriv Accumulator Options
7 tips trading Deriv Accumulator Options
 
From Luxury Escort Service Kamathipura : 9352852248 Make on-demand Arrangemen...
From Luxury Escort Service Kamathipura : 9352852248 Make on-demand Arrangemen...From Luxury Escort Service Kamathipura : 9352852248 Make on-demand Arrangemen...
From Luxury Escort Service Kamathipura : 9352852248 Make on-demand Arrangemen...
 
VIP Independent Call Girls in Mira Bhayandar 🌹 9920725232 ( Call Me ) Mumbai ...
VIP Independent Call Girls in Mira Bhayandar 🌹 9920725232 ( Call Me ) Mumbai ...VIP Independent Call Girls in Mira Bhayandar 🌹 9920725232 ( Call Me ) Mumbai ...
VIP Independent Call Girls in Mira Bhayandar 🌹 9920725232 ( Call Me ) Mumbai ...
 
Diva-Thane European Call Girls Number-9833754194-Diva Busty Professional Call...
Diva-Thane European Call Girls Number-9833754194-Diva Busty Professional Call...Diva-Thane European Call Girls Number-9833754194-Diva Busty Professional Call...
Diva-Thane European Call Girls Number-9833754194-Diva Busty Professional Call...
 
( Jasmin ) Top VIP Escorts Service Dindigul 💧 7737669865 💧 by Dindigul Call G...
( Jasmin ) Top VIP Escorts Service Dindigul 💧 7737669865 💧 by Dindigul Call G...( Jasmin ) Top VIP Escorts Service Dindigul 💧 7737669865 💧 by Dindigul Call G...
( Jasmin ) Top VIP Escorts Service Dindigul 💧 7737669865 💧 by Dindigul Call G...
 
Strategic Resources May 2024 Corporate Presentation
Strategic Resources May 2024 Corporate PresentationStrategic Resources May 2024 Corporate Presentation
Strategic Resources May 2024 Corporate Presentation
 
➥🔝 7737669865 🔝▻ Malda Call-girls in Women Seeking Men 🔝Malda🔝 Escorts Ser...
➥🔝 7737669865 🔝▻ Malda Call-girls in Women Seeking Men  🔝Malda🔝   Escorts Ser...➥🔝 7737669865 🔝▻ Malda Call-girls in Women Seeking Men  🔝Malda🔝   Escorts Ser...
➥🔝 7737669865 🔝▻ Malda Call-girls in Women Seeking Men 🔝Malda🔝 Escorts Ser...
 
Call Girls Banaswadi Just Call 👗 7737669865 👗 Top Class Call Girl Service Ban...
Call Girls Banaswadi Just Call 👗 7737669865 👗 Top Class Call Girl Service Ban...Call Girls Banaswadi Just Call 👗 7737669865 👗 Top Class Call Girl Service Ban...
Call Girls Banaswadi Just Call 👗 7737669865 👗 Top Class Call Girl Service Ban...
 
VIP Call Girl in Mumbai Central 💧 9920725232 ( Call Me ) Get A New Crush Ever...
VIP Call Girl in Mumbai Central 💧 9920725232 ( Call Me ) Get A New Crush Ever...VIP Call Girl in Mumbai Central 💧 9920725232 ( Call Me ) Get A New Crush Ever...
VIP Call Girl in Mumbai Central 💧 9920725232 ( Call Me ) Get A New Crush Ever...
 
Vasai-Virar Fantastic Call Girls-9833754194-Call Girls MUmbai
Vasai-Virar Fantastic Call Girls-9833754194-Call Girls MUmbaiVasai-Virar Fantastic Call Girls-9833754194-Call Girls MUmbai
Vasai-Virar Fantastic Call Girls-9833754194-Call Girls MUmbai
 
VIP Kalyan Call Girls 🌐 9920725232 🌐 Make Your Dreams Come True With Mumbai E...
VIP Kalyan Call Girls 🌐 9920725232 🌐 Make Your Dreams Come True With Mumbai E...VIP Kalyan Call Girls 🌐 9920725232 🌐 Make Your Dreams Come True With Mumbai E...
VIP Kalyan Call Girls 🌐 9920725232 🌐 Make Your Dreams Come True With Mumbai E...
 

Bank accounts

  • 1. PRESENTATION ON KEY FINANCIAL TERMS GROUP 3
  • 2. GROUP MEMBERS Afaque Siddique Bank Account Deepika Singh and DilpritSethi Insurance Deepti Jain and Daya Shankar Stock ParnitaRawat Credit Card NehaArora Loan Rishi and Shubhi Conclusion
  • 3. Bank Account Bank Account is an intangible services provided by core banks through which one can keep his/her money in banks along with the allied banking services.
  • 4. SAVING ACCOUNT Generally meant for saving purpose. Small amount of interest is paid. Currently the interest rate on saving account is 3.5% per annum. Here interest is paid once in every six months between 10th day and last day of the month. Minimum Balance Rs 500 with no Cheque Book Rs 1000 with Cheque Book Certain restrictions are imposed in case of saving account regarding number of transactions within a particular period, withdrawal limits.
  • 5. CURRENT ACCOUNT Specially meant for business purposes. There is no limit on number of transactions. No interest is paid on the balances in current account. Overdraft limit is provided In current account. Maintenance or service charge is levied by banks in case of current account. Minimum Balance Individual account in metro Rs 5000 Individual account in urban area Rs 5000 Individual account in semi urban area Rs 5000 Individual account in rural area Rs 2500 Other accounts in metro Rs 10000 Other accounts in urban Rs 10000 Other accounts in semi urban Rs 10000 Other accounts in rural Rs 5000
  • 6. DMAT ACCOUNT It stands for dematerialized account. It is meant for share trading. It is investment oriented account and not for savings or routine business transactions. Majority of banks are providing the service of DMAT account. A small fees is charged by banks to DMAT account. A statement of transactions is provided in every 3 months. PAN card number is a prerequisite to open a DMAT account with a bank. No monetary transactions takes place through DMAT account. Only the transactions of shares occurred.
  • 7. Some Other Ancillary Accounts No Frill Account. Loan Account. Salary Account. Fixed Deposit Account.
  • 8. No Frill Account. It is an account which is solely meant for saving. No value added services is provided with this account like cheque book, billing transactions etc. It can be open with zero balance. This account is specially for rural population of India. The suggestion and guidelines for no frill account was given by RBI in 2007. It was first implemented and executed by CANARA BANK in its rural branches in the state of Karnataka in the year 2009.
  • 9. Loan Account An account, opened for a customer by a bank, following the granting of a loan. The amount of the loan is credited to the customers current account and similarly debited to the loan account. Examples Of Loan Account. CorpVidya Account by Corporation Bank for Education loan. GyanJyoti Account by State Bank for Education loan. Accounts for Housing loans, Personal loans and Car loans etc.
  • 10. Some Statistics Of Bank Accounts Total number of Saving accounts in India 610.3 Million Total number of Bank accounts per 100 person 54 Population of earners having a bank account 44.9 %