Chapter.No.

Functions of Banking

2.A) i. Opening an Account

2. B) Types of Account

i) Accepting Deposit

ii) Current Deposit

iii) Fixed Deposit

iv) Savings Deposits

v) Recurring Deposits

Note : Copy from Sir Book, then continue the notes form the Xerox copy

2.c) i) Opening a New Account (Sir Notes)

Ii) Account opening process through Online (Xerox)

iii) Opening of Deposit Account as per KYC norms (Xerox)

iv) Closing of a Bank Account (Sir Notes)

V) Nomination (Sir Notes)

vi) Insurance of bank Deposits (Sir Notes)

2.D) LENDING MONEY:

Copy from Sir Notes

2.E) Types of Loans: (Sir Notes)

i) Lien

ii) Pledge

iii) Mortgage

iv) Hypothecation

v) Assignment
2. F.i) Types of loans to the customers(Sir Notes)

ii) Xerox copy

i) Loan or credit services

ii) Loans to Agriculture
iii) Loan to Small scale Industries
iv) Loans to professional and self employed persons
v) Loan against Gold
vi) Personal unsecured loans

2.G) Payment and Remittances (Xerox copy)

i) Cheques

ii) Pay order

iii) Demand Draft

iv) Multicity cheques

v) Electronic Fund Transfer (EFT)

vi) Real time Gross Settlement (RTGS)

vii) SWIFT

viii) NEFT

2.H) Collection Services

i) Local clearing

ii) Electronic clearing system (ECS)

iii) Centralized Funds Management system (CFMS)

iv) Cash management Service (CMS)

2. I ) Working Capital Facilities

i) Credit cards

ii) Business cards

iii) Overdraft
iv) Packing credits

v) Cheque purchase

2.J) Financial and other services:

i) Merchant Banking

ii) Leasing

iii) Mutual funds

iv) Factoring