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Project Report ON: "Saving and Current Account"
Project Report ON: "Saving and Current Account"
ON
SubmitteD BY
“ NITIKA AGARWAL”
AT
“INDUSLND BANK”
Date :AUGUST-SEPTEMBER -2009
“MAHARSHI DAYANAND SARASWATI university
DECLERATION
A NEW ERA
While continuing its drive for efficiency and profitability, IndusInd Bank
a keen participant in the Corporate Social Responsibility space. It is
actively engaged in helping mentally-challenged and underprivileged
children and on other hand, helps in sensitizing /upholding environmenta
and ecologically appropriate behaviour. The Bank actively supports
“Green Practices” within the Bank and under its campaign “Hum aur
Hariyali”, it has successfully launched a slew of green initiatives. It is
also an active supporter of the arts especially in the field of music and
dance.
2004-05
2003-04
2002-03
2000-01
1997-98
1996-97
Pioneer in launching Internet Banking.
Mission
To position induslnd bank limited as a top 3 performer
In the new private bank space in 3years measured by
The 3parameters of profitiability, productivity and
Efficency.
PRODUCTS
PRODUCTS OFFERED BY INDUSIND BANK
Saving Account
Induslnd Bank offers you a Regular Saving Account with
host of convenient features and banking channels to transact through.
So, now you can bank at your convenience, without the stress of
waiting in queues.
Current Account
In today’s fast-paced world, your business regularly requires you to
receive and send funds to various cities in the country. INDUSIND
Bank Regular Current Account gives you the power of inter-city
banking to more than 200 cities.
Fixed Deposits
Safety, Flexibility, Liquidity and Returns!!!
A Combination of unbeatable features of the Fixed Deposit
from INDUSIND Bank.
Credit Cards-
An INDUSIND Bank credit card gives you the facility of cash,
convenience and a range of benefits, anywhere in the world. These
benefits range from life time free cards, insurance benefits, global
emergency assistance service, discount, utility payment, travel
discount, and much more.
Debit Cards-
The INDUSIND Bank Debit Card is a revolutionary form of cash that
allows customers to access their bank account around the clock,
around the world.
INVESTMENT
At INDUSIND Bank, we care about all your needs. Along with deposit
products and loan offerings, INDUSIND Bank assists you to manage
your finance by providing various investments options ranging from
INDUSIND Bank offers to investment in mutual funds and pure gold.
You can invest in above products through any of our branches. For
selected products INDUSIND Bank also provides, the ease of
investing through electronic channels like ATMs and Internet
(www.indusindbank.com).
E-Instructions :
You can transfer securities 24 hours a day, 7dys a week through
Internet & Interactive Voice Response (IVR) at a lower cost. Now with
“Speak to transfer”, you can also transfer or pledge instructions
through our customer care officer.
Mutual Fund
IndusInd bank has tied-up with almost all the mutual funds in
the country for distribution pan India. We are currently distributing
schemes of the following mutual fund:-
General Insurance:
IndusInd Bank has tied up with “CHULAMANDULAM”
1. Health Insurance
2. Marine Insurance
3. Stock Insurance
RETAIL BANKING
Accounts and Deposits:
Saving Accounts
Regular Saving Account
Privilege Saving Account
Privilege Plus Saving Account
Current Account
Regular Current A/C
Business Current A/C
Term Deposit
Fixed Deposit
Flexi term deposit
SAVING ACCOUNT
A safe and easy way to save your money is with a bank saving
account. A saving allows you to deposit money in the bank and earn
interest own that money over the course of time. A saving account
allows you to deposit money (add money to your account) or withdraw
money (remove money from your account) at any time. In return for
keeping your money at the bank, the bank pays you money, also known
as interest.
A. Product Definition
A saving bank account is the most common operating account for
Individuals and others for non-commercial transactions. It helps
people to put through day to day banking transactions besides earning
some return on the made.
B. Target Segment
By a person in his/her name and By two or more persons in their joint
names payable to, Both or all of them of the survivor or survivors of
them OR Either or any more of them or the survivor or survivors of
them OR Former/Letter or survivor of a particular person during his
lifetime or survivor jointly or survivor.
C. Documentation
Dully filled account opening form as per KYC Norms.
o Address Proof
o Photo identity Proof
o Pan no/Form 60
o 2 Passport size photograph
o D. Types of Saving Account
Features : -
Services offered-
♦ Nomination Facility
Documentation –
KYC Compliance
Address Proof
Photo Identity
Pan no/form 60
2 pp size photographs
Advantages:
• Bank deposits are fairly safe because banks are subject to control of
Reserve Bank of India with regard to several policy and operational
parameters.
• Saving Bank account does not have any fixed period for deposit.
• The depositor can take money from his account by writing a cheque
Services offered–
Free International Debit Card, ATM-5000 & POS-100000
B. Target Segment
Current accounts are opened by those who have
commercial interest and have the needs to issue many
cheques. These include:
Individuals
Sole Proprietorship
Hindu Undivided Families (HUF)
Partnership
Trusts
Association/Societies and Clubs
C. Documentation
PROBLEM DEFINATION:
Sales Executives were with good background human
marketing support.
Savings A/c.
magazines, management.
SAMPLING PLAN:
RESEARCH LIMITATIONS:
within 60 days.
As stipend, money was not given it was difficult to
the survey done in the working area within the time limit.
70%
60%
50%
05L- 20L
40%
20L - 40L
30% 40L - Above
nalysis:
20%
10%
0% • 59% respondents
05L- 20L
gave their
20L - 40L
answer in 20-40 lakhs
40L - Above
transactions.
Analysis:
transactions
transactions.
Question 2
Response No. of %
respondents
Yes 97 97%
No 3 3%
3%
97%
Yes No
Analysis: 97% respondents have the saving accounts and
only 3%
Question 3
In Which Bank?
Bank No. of %
respondents
Kotak 3 3%
mahindra
HDFC 33 33%
Co-operative 48 48%
ICICI 5 5%
Nationalized 31 31%
Kotak Mahindra
Bank, 3%
HDFC, 33%
Co- Operative
Bank, 48%
ICICI, 5%
Nationalized, 31%
Question 4
Account?
No. of respondents
Accessibility 10
Minimum balance 20
DD/pay order 13
Free cheque 10
Debit card 8
Cash deposit 7
Cheque pick up 2
Net banking 16
Mobile banking 7
At per cheque 3
NEFT 2
Accessib
20
Minimum
18
balance
16 DD/pay o
14 Free che
12
Debit ca
10
Cash de
8
6 Cheque
4 Net bank
2 Analysis:
Mobile b
0
At per ch
Respondents gave their answer
Question 5
Response No. of %
response
Pay order 12 12
DD 22 22
Cheque 76 76
Total 100 100
Pay Order, 12%
DD, 32%
Cheque, 76%
Analysis:
Question 6
Response No. of %
respondents
Intercity 33 33
Outside city 15 15
Both 52 52
Total 100 100
Anal
Both, 52%
e 15%
City
Outsid
,
Question 7
respondents
Yes 90 90
No 10 10
Total 100 100
10%
90%
Yes No
Analysis:
90% say yes bank will assist you in case of any problem,
conclusive study.
Finally the data collected was fed into the data analysis
and
conclusion
Conclusions and Recommendations
convenient.
2.Contract Sales Executive (CSE) should recommend
products and the basic benefits they can derive out of it.
LIMITATIONS
research projects.
_________________________________
Contact No.
_______________________
1.Monthly Transaction?
____________________________________________
____
o ICICI
o HDFC
o Nationalized
o Other Banks _________________
o Co-Operative Banks___________________
Account
Net Banking
Mobile Banking
o At Par Cheques
o
NEFT
RTGS o
o
o
o Accessibility
o Minimum Balance
o Free Cheque
o Debit Card
o Cash Deposit
frequently?
(a) Cheque ( b) DD (c)
Pay Order
Both
Saving Account?
_____________________________________________
_____________________________________________
_____________________________________________
______.
Date___________________
Place__________________
Signature
BIBLIOGRAPHY
1.BOOKS & AUTHORS
· Marketing Management
2. NEWS PAPERS
· Times of India
· Financial Express
3. WEBSITES
· www.hdfcbank.com
www.google.com