18-10-2010, 03:36 PM
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BANKING SYSTEM
Name- ajay kumar pal
Section-M4002
Roll no. B34
Synopsis-CSE(101)
Introduction of banking system-
“A bank is a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly or through capital markets ”.
A bank connects customers with capital deficits to customers with capital. Deposits initially consisted of grain and later other goods including cattle, agricultural implements, and eventually precious metals such as gold, in the form of easy-to-carry compressed plates.
1. "banking" means the business of receiving money on current or deposit account, paying and collecting cheques drawn by or paid in by customers, the making of advances to customers, and includes such other business .
2. "banking business" means the business of either or both of the following:
1. receiving from the general public money on current, deposit, savings or other similar account repayable on demand or within less than [3 months] ... or with a period of call or notice of less than that period;
2. paying or collecting cheques drawn by or paid in by customers.
Channels which provide banks make easy to use banking:
Banks offer many different channels to access their banking and other services:
1. ATM is a machine that dispenses cash and sometimes takes deposits without the need for a human bank teller.
2. A branch is a retail location.
3. Call center
4. Mail: most banks accept check deposits via mail and use mail to communicate to their customers, eg by sending out statements
5. Mobile banking: is a method of using one's mobile phone to conduct banking transactions
6. Online banking: is a term used for performing transactions, payments etc. over the Internet
7. Relationship Managers,: mostly for private banking or business banking, often visiting customers at their homes or businesses
8. Telephone banking: is a service which allows its customers to perform transactions over the telephone without speaking to a human
9. Video banking: is a term used for performing banking transactions or professional banking consultations via a remote video and audio connection.
BANKING SYSTEM
Name- ajay kumar pal
Section-M4002
Roll no. B34
Synopsis-CSE(101)
Introduction of banking system-
“A bank is a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly or through capital markets ”.
A bank connects customers with capital deficits to customers with capital. Deposits initially consisted of grain and later other goods including cattle, agricultural implements, and eventually precious metals such as gold, in the form of easy-to-carry compressed plates.
1. "banking" means the business of receiving money on current or deposit account, paying and collecting cheques drawn by or paid in by customers, the making of advances to customers, and includes such other business .
2. "banking business" means the business of either or both of the following:
1. receiving from the general public money on current, deposit, savings or other similar account repayable on demand or within less than [3 months] ... or with a period of call or notice of less than that period;
2. paying or collecting cheques drawn by or paid in by customers.
Channels which provide banks make easy to use banking:
Banks offer many different channels to access their banking and other services:
1. ATM is a machine that dispenses cash and sometimes takes deposits without the need for a human bank teller.
2. A branch is a retail location.
3. Call center
4. Mail: most banks accept check deposits via mail and use mail to communicate to their customers, eg by sending out statements
5. Mobile banking: is a method of using one's mobile phone to conduct banking transactions
6. Online banking: is a term used for performing transactions, payments etc. over the Internet
7. Relationship Managers,: mostly for private banking or business banking, often visiting customers at their homes or businesses
8. Telephone banking: is a service which allows its customers to perform transactions over the telephone without speaking to a human
9. Video banking: is a term used for performing banking transactions or professional banking consultations via a remote video and audio connection.
