BANKING TERMS PAGE-1 The basic banking terms are frequently asked in all the Bank Interviews. These terms are useful not only for your interview but also for your general knowledge. Knowledge and Understanding of Important Banking terms play a very crucial role in the final selection. Account Agreement: The contract governing your open-end credit account‚ it provides information on changes that may occur to the account. Account History: The payment history of an account over a specific period
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You are here: Home>Collections>Core Banking Core Banking RELATED KEYWORDS: * Function * Icici Bank * Cheque * Kapil Sibal * Recession * | More Ads by Google * Call India from Computer1.6¢/Min to Any Phone in India. No Hidden Fees. Try for Only $2!www.PhoneIndia.com * LED Lights WholesalerAll LED Light with CE Certification Export to >100 countries. Buy Now!www.ChineseLight.com * Multichannel BankingInnovate with CR2 ’s latest solution for ATM‚ Internet
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1.0 Introduction As per the requirement of the Bachelor in commerce and economics course structure‚ I was obliged to undertake an industrial attachment at an organization of my choice for a period of eight weeks. This exercise was meant to enable me glamatise with work environment‚ exercise skills and knowledge acquired in university and gain more competence in my area of specialization. The application process begun as early as third year 2nd semester and I must say it was not an easy task because
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P501 Operations Management Spring 2013 Term Paper The Emergence of Check Imaging Technologies and the Impacts of to Banks and Consumer and Small Business Customers Thanks in part to advancements in check imaging technology; financial institutions have an opportunity to make major changes to outdated check processing systems. Bank executives are weighing the benefits with the potential risks of updating a system that has been virtually untouched since the 1970’s.
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……………………………………………… Enrolment No.: 2209370009 Date: 03-05-2011 Signature of the Student CONTENTS CHAPTER I CORE BANKING SOLUTION (CBS) REAL TIME GROSS SETTLEMENT SYSTEM ATM & DEBIT CARDS INTERNET BANKING SERVICES CHEQUE TRUNCATION EASYACCESS SAVINGS ACCOUNT PRIME SAVINGS ACCOUNT SALARY SAVINGS ACCOUNT POWER SALUTE: A SALUTE TO THE DEFENCE FORCES AZAADI SENIOR PRIVILEGE SAVINGS ACCOUNT FOR THE WOMAN OF TODAY – SMART PRIVILEGE SAVINGS ACCOUNT A COMPLETE
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Negotiable Instrument 6 3 Features of Negotiable Instrument 8 4 Types of Negotiable Instruments 10 5 Promissory Notes 10 6 Evolutions in Promissory Notes 13 7 Bills of Exchange 16 8 Cheque 22 9 Section 138‚ Negotiable Instruments Act 23 10 Ingredients of offence under section 138 24 11 Revolution in cheques 27 12 Necessity to Introduced Negotiable Instruments 31 13 Evolution 33 14. Revolution 35 15. Revolution of Payment Systems in India 39 16. Case Study 1 43 17. Case Study 2 45 18. Case
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clearinghouse. A representative of each bank represents his bank in the clearinghouse. Each bank has collected cheques as behalf of their customer but these cheques are not drawn on their own bank so in the clearinghouse‚ they hand over these cheques to respective banks on which these cheques are drawn. Similarly each bank receives cheques from other banks if any. INSTRUMENT TO BE PRESENTED: 1. Cheques 2. Demand Drafts 3. Pay Orders TYPES OF CLEARING: There are four types of clearing:- 1. Inward Clearing
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1881. PAYING BANKER * A Banker on whom a cheque is drawn should pay the cheque when it is presented for payment. * This cheque paying function is a distinguished one of a banker. * This obligation has been imposed on him by sec. 31 of the N.I Act‚ 1881. * A banker is bound to honour his customer’s cheque‚ to the extent of the funds available and the existence of no legal bar to payment. * Again‚ for making payment the cheque must be in order and it must be duly presented for
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WHEN CUSTOMER’S SIGNATURE ON CHEQUE IS FORGED 1. When the customer’s signature on the cheque is forged there is no mandate to the bank to pay. As such a banker is not entitled to debit the customer’s account on such forged cheque. In Canara Bank vs. Canara Sales Corporation and Others [(1987)2 Supreme Court Cases 666] the company has a current account with the bank which was operated by the Company’s Managing Director. The Company’s account in whose custody the cheque book was‚ forged the signature
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Project Report on Axis Bank Content 1) Objectives 2) Introduction 3) Retail Branch Operations a) Account Opening b) Fixed Deposits c) Recurring Deposits d) Cash e) Cheque f) Demand Drafts g) Electronic Fund Transfer h) Franking i) E Tax Payments j) Forex Operations 4) Suggestions and Recommendations 5) Conclusion 6) References Objectives The objectives of the project are: 1) To observe the various product and service offering under
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