Uneak White's Personal Brand Exploration Presentation
Banking shalu T
1.
2. According to Banking Regulations
Act 1949,mean “accepting for the
purpose of lending or investment of
deposits of money from the public
repayable on demand or otherwise
and may be withdrawn by cheque
or otherwise”
3. A bank is a financial institution which
is primarily engaged in receiving
money from the public by way of
deposits and provides the same to
those who are in need of it as loans
and advances.
13. Functions of commercial banks
Primary
functions
Secondary
functions
Agency
services
General utility
services
14.
15. 1. Savings Bank Deposits :
• helps to mobilize savings of general public.
• There are certain restrictions on operating this account such as
keeping minimum balance, frequency and volume of withdrawal
• They provide interests
2. Current Deposits :
• These accounts are meant for big business men and companies.
• There is no restrictions on number of withdrawals
• Provides overdraft facilities
• No interests
16. 3. Fixed Deposits :
• Longer period of time
• No withdrawal before maturity
• Higher interest rates
4. Recurring deposits
• Meant for salaried or regular income groups
• Deposits a fixed amount at regular intervals for a certain
periods of time
17.
18. Types of loans
1. Loans
Advances extends to its customers with or without securities for a
specified time.
2. Cash Credit
Banks allows to borrow cash up to a certain limit against security of
assets
3. Overdraft
Temporary facility to overdraw from the current account without any
security.
19.
20.
21.
22.
23.
24. Electronic banking or internet banking
means that any user can get connected to
the bank’s website to perform banking
operations and services with the help of a
computer or mobile phone.
25.
26. E - banking services
1. ATM
2. Electronic fund transfer
3. Point of sale
4. Electronic data interchange
5. Credit cards