Presentation on Banking Products

Banking Products

1. Presentation on Banking products Kuldeep Jangid Sanjay Rajput Ritesh Singh Vikas Yadav

2. What is Bank? A  bank  is a financial institution that accepts deposits from the public and creates  credit. Types of Bank Retail banks  Commercial banks Investment banks Central banks Online banks

3. Deposits

4. Loan A loan is money, property or other material goods given to another party in exchange for future repayment of the loan value amount, along with interest or other finance charges . Types of Loans Secured vs. Unsecured Loan Revolving vs. Term Special Considerations for Loans Interest rates have a huge effect on loans: Loans with high interest rates have higher monthly payments – or take longer to pay off – than loans with low interest rates . Types of Interest Simple vs. Compound Interest

5. Cash Credit - CC Cash credit is a facility to withdraw money from a current bank account without having credit balance but limited to the extent of borrowing limit which is fixed by the commercial bank. The interest on this facility is charged on the running balance and not the borrowing limit which is given by bank . Advantages  Source of working capital financing . Easy arrangement Flexibility Tax-deductible Interest charged Overdraft - OD An  overdraft  occurs when money is withdrawn from a bank account and the available balance goes below zero. In this situation the account is said to be " overdrawn ". If there is a prior agreement with the account provider for an overdraft, and the amount overdrawn is within the authorized overdraft limit, then interest is normally charged at the agreed rate. Types of Overdraft Authorized bank overdraft Unauthorized bank overdraft Advantages Perfect for mismatch of cash Prevents bouncing checks  Enables on-time payments Saves time and paper Provides convenience

6. Credit Card Credit Card is “post paid” or “pay later” card that draws from a credit line-money made available by the card issuer (bank) and gives one a grace period to pay  If the amount is not paid full by the end of the period, one  is charged interest . Types Gold Credit Card Platinum or Titanium Card Silver Credit Card Rewards Credit Card Business Credit card   Balance Transfer Credit Card Prepaid Credit Card

7. Credit Card Companies (Leading companies in India) American Express Gold credit card Indian Overseas Bank Visa International Credit card Axis Platinum card Bank of India's India Card Gold International Card Citibank Dinners Club International card ICICI Bank Online card Syndicate Global Gold Credit Card CorpBank Gold card Vijaya Bank Visa Gold Credit Card HSBC Platinum card CorpBank Classic card Vijaya Bank VISA Classic International Card HDFC Silver credit card

8. Debit Card Debit Card is a “prepaid” or “pay now” card with some stored value. Debit Cards quickly debit or subtract money from one’s savings account, or if one were taking out cash Types of Debit Card Visa Debit Cards. Visa Electron Debit  Cards MasterCard Debit  Cards Contactless Debit  Cards RuPay  Debit  Cards Maestro Debit  Card ATM ATM card is a device that allows customer who has an ATM card to perform routine banking transaction at any time without interacting with human teller. It provides exchange services. This service helps the customer to withdraw money even when the banks ate closed.  Services provided at ATM ATM’s provide 24 hrs., 7 days and 365 days a year service. Service is quick and efficient Privacy in transaction Wider flexibility in place and time of withdrawals .

9. Mobile Banking and Online Banking On-line banking is now moving to the mobile world, giving everybody with a mobile phone access to real-time banking services, regardless of their location . Perks of having Mobile Banking Enjoy FREE, 24-Hour Access to account balances and transaction histories using your Smartphone, or Tablet.   Bill Pay - Pay virtually anyone. No more stamps, no more paper checks!   Easily and quickly search history by date and description   Person-to-Person Transfers - Send money to anyone   Personalized Account Balance and Security Alerts.    

10. Benefits of Internet Banking: Reduce the transaction costs of offering several banking services and diminishes the need for longer numbers of expensive brick and mortar branches and staff. Increase convenience for customers, since they can conduct many banking transaction 24 hours a day. Increase customer loyalty. Improve customer access. Attract new customers. Easy online application for all accounts, including personal loans and mortgages

11. Demat An account that is used to hold shares and securities in electronic format is called a Demat account. The full form of Demat account is a dematerialised account. During online trading, the purpose of a Demat account is to hold shares that have been bought or dematerialised (converted from physical to electronic shares), thus making share trading easy for the users . Demat Account or dematerialised account provides facility of holding shares and securities in electronic format. During online trading, shares are bought and held in a Demat account, thus facilitating easy trade for the users. A Demat Account holds all the investments an individual makes in shares, government securities, exchange-traded funds, bonds and mutual funds in one place . Benefits of opening a Demat account and Advantages of Investing in Share Market : Investment Gains : Dividend Income : Diversification : Ownership: 

12. E- Cheques An  electronic cheque  is an electronic copy (scanned image) of a real cheque, which is then transferred by email. In addition to the cheque's 'real' signature, the transfer must be digitally signed using the sender's  private key  to authenticate the transfer.

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