1 / 8

TYPES OF BANKS AND ACCOUNTS

TYPES OF BANKS AND ACCOUNTS. CHAPTER-2. CLASSIFICATION OF BANKS. A) AS PER SECOND SCHEDULE OF RESERVE BANK OF INDIA ACT Scheduled banks Non-scheduled banks(their number has decreased to 2 only at present B)ON THE BASIS OF DOMICILE Foreign banks Domestic banks. C) ON THE BASIS OF OWNERSHIP

janine
Download Presentation

TYPES OF BANKS AND ACCOUNTS

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. TYPES OF BANKS AND ACCOUNTS CHAPTER-2

  2. CLASSIFICATION OF BANKS • A) AS PER SECOND SCHEDULE OF RESERVE BANK OF INDIA ACT • Scheduled banks • Non-scheduled banks(their number has decreased to 2 only at present B)ON THE BASIS OF DOMICILE • Foreign banks • Domestic banks

  3. C) ON THE BASIS OF OWNERSHIP • Public sector banks • Private sector banks • Cooperative banks D)ON THE BASIS OF FUNCTIONS AND FUNCTIONAL AREA • Commercial banks 4)exchange banks • Industrial banks 5)savings banks • Agricultural banks 6)central banks

  4. STRUCTURE OF BANKING SYSTEM • Unit banking • Branch banking • Chain banking • Group banking • Correspondant banking

  5. TYPES OF BANK ACCOUNTS • Fixed or time deposit account • Saving bank deposit account • Recurring deposit account • Flexible account • ATM(automatic teller machines)

  6. THANK YOU

  7. Procedure to open a current account or a savings account • 1. application in the prescribed form • 2. introduction of the applicant • 3. Specimen signatures • 4. Photographs • 5. To make the initial deposit

  8. OPERATION OF BANK ACCOUNTS • Pay-in-slip book • Cheque book • Pass book ADVANTAGES OF A BANK ACCOUNT • Safety of money • To cultivate habit of saving • Securing loans and overdrafts • Collection of cheques etc • Facility in making payments • Safe custody of valuable articles • Providing credit information and letter of credit

More Related