25-09-2014, 11:54 AM
DEPOSITE SCHEME
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INTRODUCTION
ABOUT THE INDUSTRY
The bank is being used since long time. But there is not clear conception regarding its beginning days. According to one view point in good old days Italiyan money lender were known as Banechi or Banecheri because those people kept a special type of table to transact their business called Banchi. Origin of the word bank belongs to the world Banchi or to the greek word Banque. Both these words refers to same kind of banking. Casa De San Giorgio was the first bank to be established in 1148. The first public sector bank Venice. It was established in 1157.
The banking Companies Act, 1949 was passed to consolidate (combine) and amend he law relating to banking companies. The need for this was felt owing partly to the abuse of powers by persons controlling some banks and the absence of measures for safeguarding the interests of depositors of banking companies in particular and partly to the economic interests of the country in general.
EVOLUTION OF BANK
In modern age, Banking constitutes the fundamental basis of economic growth. The term bank is being used since long time but there is no clear conception regarding its beginning. According to some authorities, the word “bank” itself is derived from the words “bancus” or “banque”, that is, a banch. The early banker failed his “banco” was broken up by the people. Hence the word “bank” is originally derived from the German word “bank” meaning a joint stock fund, In simple words, bank refers to an institution which accepts deposits from the people, gives loans, creates credit and undertakes agency work.
Early history of banking in INDIA
))) Banking in India originated in the last decades of the 18th century. The first banks were The General Bank of India which started in 1786, and the Bank of Hindustan, both of which are now defunct. The oldest bank in existence in India is the State Bank of India, which originated in the Bank of Calcutta in June 1806, which almost immediately became the Bank of Bengal. This was one of the three presidency banks, the other two being the Bank of Bombay and the Bank of Madras, all three of which were established under charters from the British East India Company. For many years the Presidency banks acted as quasi-central banks, as did their successors. The three banks merged in 1925 to form the Imperial Bank of India, which, upon India's independence, became the State Bank of India.
))) Indian merchants in Calcutta established the Union Bank in 1839, but it failed in 1848 as a consequence of the economic crisis of 1848-49. The Allahabad Bank, established in 1865 and still functioning today, is the oldest Joint Stock bank in India. It was not the first though. That honor belongs to the Bank of Upper India, which was established in 1863, and which survived until 1913, when it failed, with some of its assets and liabilities being transferred to
From World War I to Independence
))) The period during the First World War (1914-1918) through the end of the Second World War (1939-1945), and two years thereafter until the independence of India were challenging for Indian banking. The years of the First World War were turbulent, and it took its toll with banks simply collapsing despite the Indian economy gaining indirect boost due to war-related economic activities. At least 94 banks in India failed between 1913 and 1918 as indicated in the following table:
Nationalization
))) By the 1960s, the Indian banking industry has become an important tool to facilitate the development of the Indian economy. At the same time, it has emerged as a large employer, and a debate has ensued about the possibility to nationalise the banking industry. Indira Gandhi, the-then Prime Minister of India expressed the intention of the GOI in the annual conference of the All India Congress Meeting in a paper entitled "Stray thoughts on Bank Nationalization." The paper was received with positive enthusiasm. Thereafter, her move was swift and sudden, and the GOI issued an ordinance and nationalised the 14 largest commercial banks with effect from the midnight of July 19, 1969. Jayaprakash Narayan, a national leader of India, described the step as a "masterstroke of political sagacity." Within two weeks of the issue of the ordinance, the Parliament passed the Banking Companies (Acquisition and Transfer of Undertaking) Bill, and it received the presidential approval on 9 August, 1969.
A second dose of nationalization of 6 more commercial banks followed in 1980. The stated reason for the nationalization was to give the government more control of credit delivery. With the second dose of nationalization, the GOI controlled around 91% of the banking business of India. Later on, in the year 1993, the government merged New Bank of India with Punjab National Bank. It was the only merger between nationalized banks and resulted in the reduction of the number of nationalised banks from 20 to 19. After this, until the 1990s, the nationalised banks grew at a pace of around 4%, closer to the average growth rate of the Indian economy.
SCOPE OF THE STUDY
The present study attempts to obtain a general view of deposit schemes practice in Indian bank. The study to know their increase or decrease of various schemes is also analyzed in order to give atrue and clear picture of its performance. The present study aims at studying deposits of the Indian bank. The study focuses only the views of the bank. But it does include the views of the others who aredirectly or indirectly associated with the bank. It is concerned to the administration of assets & liabilitiesto analysis the profitability liquidity of the organization with the help of ratios
MULTI BRANCH BANKING
Multi Branch Banking facility is a value added service to our customers taking advantage of "Core Banking Solution". It is a 'technology driven-anywhere banking' facility and 'at par' facilities for Savings Bank and Current account with structured schedule of services and charges. Now the customer can access his account at all branches of the Bank.
The salient features of the scheme are as under:
1. The concept of 'anywhere' banking is extended to all domestic SB and Current Accounts except NO Frills Accounts. Even SB-General and Current-General accounts are eligible for MBB facility with Multicity Cheques
INTERNET BANKING
Karnataka bank has been introduced Internet Banking facility MoneyClickTM to manage our finances in the comfort of our home or our office as per our convenience. MoneyClickTM is a Self-Service Channel, which is available 24 hours a day and 365 days a year in an absolutely simple, friendly but secured environment.
In MoneyClickTM, a mere touch of a button or click of a mouse makes you accessible to a host of Banking Services, called Fingertip Banking. We can carry out your banking transactions safely and with total confidentiality by enjoying online banking without wasting your time or losing your peace of mind
DEMAT ACCOUNT
A Bank where it’s Head Office provides the facility of opening and conduct of Accounts through its branches, a Depository institution extends various services to the investors through its agents known as Depository Participant. In India, now there are two Depositories. They are CDSL and NSDL. Participant can be anybody who complies with the eligibility requirements. Participant (DP) can be a Bank also. All the various functions undertaken and enabled through Demat accounts are referred to as DP activity. Under the depository system, a demat account holder or holder/owner of securities who is entitled to all the benefits (such as dividend or interest/bonus or right shares etc), is known as a Beneficial Owner (BO).
FREE FACILITIES BY CDSL TO ITS DEMAT ACCOUNT HOLDERS:
The evolution of the Indian capital market has seen several enhancements during the past few years and this has been a result of innovative use of newer technologies. In the reduced settlement cycle era, investors require updated demat account information at a much faster pace than ever before. In other words, the quest for account status information has raised manifold.
In order to facilitate a CDSL demat account holder to easily adapt to the fast reducing settlement cycle, CDSL has introduced Internet-enabled services called "easi" and "easiest" to empower a demat account holder in managing his securities 'anytime-anywhere' in an efficient and convenient manner, all in a state-of-the-art secure environment. Further to effective risk control mechanism for monitoring of demat account, CDSL has also introduced "smart" facility.
DATA INTERPRETATION
The above table shows the performance of savings bank deposits for the last five years with the help of percentage analysis. The year 2007 was taken as the base year for find out the percentage of deposits increased for remaining years (i.e., 2008 to 2011). The percentage of deposits increased compare to previous years because of increasing customers year by year.
INTERPRETATION
The above table reveals that ratio of current liabilities to Proprietors fund does not have same level of ratio. In 2008, the ratio has been increased when compare to the previous year. But in 2009, the ratio has decreased. Then again the ratio has started to increase in 2010 and decrease in 2011.
CONCLUSION ,FINDINGS AND SUGGESTIONS
On the whole I would like to summarize my whole of the project that the deposit schemes of the Indian Bank are very good. The schemes are of that kind that a businessman can maintain his account over here and also a laborer can maintain his account here. bank has account for NRI- (NRO and NRE)persons and for a student- no frill account in which they provide free atm, free first cheque book, internet banking, mobile banking, phone banking. Bank has account which starts from rs.2500 that is Indus classic. From 5000 Indus privilege. Society/TRUST zero balance account. Current account with exelent facilities. Fixed deposit with very good rate of interest. Demat account for online share purchasing. Young saver account for children. Indus money for long term investment purpose. Sweep account for taking the benefits of both saving and fixed deposit at the same time in one account.