CBSE Class 12 Banking Operations

Read and download CBSE Class 12 Banking Operations in NCERT book for Class 12 Other Subjects. You can download latest NCERT eBooks chapter wise in PDF format free from Studiestoday.com. This Other Subjects textbook for Class 12 is designed by NCERT and is very useful for students. Please also refer to the NCERT solutions for Class 12 Other Subjects to understand the answers of the exercise questions given at the end of this chapter

NCERT Book for Class 12 Other Subjects Banking Operations

Class 12 Other Subjects students should refer to the following NCERT Book Banking Operations in Class 12. This NCERT Book for Class 12 Other Subjects will be very useful for exams and help you to score good marks

Banking Operations NCERT Book Class 12

ACCOUNTING FOR BUSINESS II

BANKING (OPERATIONS)

PERSONAL BANKING SERVICES

Personal banking is similar to retail banking. The essence is that the products and services of the bank are tailored to meet individual banking and ancillary needs, including everything from a checking account to investment advice. The different products available through personal banking include checking accounts, savings accounts, CDs, check cards with rewards, different types of loans, and personal lines of credit, credit cards, personal trust and private banking services, mortgage programs, investment management, discount brokerage, insurance services and advisory services. Insurance, investment advice, and wealth management are high end products offered in personal banking.

The most prominent feature in personal banking today is technology- enabled, customized products and services like anywhere banking, ATMs, and the delivery of services through channels like a telephone and the Internet. The idea is that the customer need not come to the branch for their services and that everything should be delivered to the customer at his convenience. The bank will provide single window service, meaning that customers can visit one counter for any banking need.

Personal banking is quickly catching up in almost all the countries in the world and is expected to contribute significantly to the bank’s total revenue. Almost 15-20% of the customers contribute up to 90% of the banks business, so proper service to these customers will deepen the financial relationships. Everyone with a personal bank account needs to be very cautious and pay close attention to all aspects of their account. People should promptly review their bank statement, avoid having to pay unnecessary fees and bank charges, avoid leaving discarded bank documents behind, avoid banking online in public places, and periodically change their password.

DEPOSITS

It is the taking of deposits and granting of loans that single out a bank. These are the core activities of a bank. Initially, all accounts are opened with a deposit of money by the customer and hence these accounts are called deposit accounts. Public deposits comprise the major proportion of a bank working funds which are used primarily to make loans and advances and to purchase securities. The banker solicits deposits from the members of the public belonging to different walks of life, engaged in numerous economic activities.

The nature of banking facility sought by them, therefore, varies widely, e.g., some want to earn interest, some want their money to be safe; others use banking facilities for conducting business. As a result, different types of accounts with various facilities and privileges are offered by banks to their customers. Banks accept various types of deposits, which are generally categorized as demand or time deposits.

Demand deposits: Demand deposits are those where customers expect to be able to withdraw money at anytime. These include savings deposits and deposits in current accounts.

Saving deposits: As saving accounts are meant to encourage saving habit, organizations whose purpose is profit are not allowed to open such accounts. Interest is paid on a half-yearly basis in these accounts. A minimum balance is stipulated by each bank. A balance amount above the minimum stipulated amount is eligible for a 3.5 per cent interest rate in India at present.

Current deposits: Since this account is to meet the transaction needs of the customer, there is no restriction on the number of transaction in the account or in the type of customers eligible to open these accounts. Account holders are not entitled to any interest from the bank.

Time deposits: These are also called as fixed deposits or term deposits. These are repayable after the expiry of a specified period varying from 7 days to 120 months. Any deposit which is not repayable on demand is a time deposit. They are a genuine saving medium. The banker can utilize such amounts more profitably since he knows before hand when this money will be demanded. As a result, a much higher rate of interest is offered to the customer on such deposits.

Loans:

The basic function of a commercial bank is to make loans and advances out of the money which comes to it from the public by way of deposits. Direct loans and advances are given to all types of persons, particularly to businessmen and investors against personal security, gold and silver and other movable and immovable assets. Banks, sometimes, also lend money at concessionary rates of interest to priority sector industries, small borrowers, students, disabled persons, etc.

Commercial banks usually lend money in the following forms:

Cash credit: A cash credit is an arrangement


Please refer to the link below for - CBSE Class 12 Banking Operations


CBSE Class 12 Accounting for Business Cost Sheet
CBSE Class 12 An Introduction to Creativity
CBSE Class 12 Application of Computer in Library
CBSE Class 12 Banking Operations
CBSE Class 12 Business Process Outsourcing Part 1
CBSE Class 12 Business Process Outsourcing Part 2
CBSE Class 12 Clearing Reports Downloads
CBSE Class 12 Contents of Balance Sheet
CBSE Class 12 Economics Capital receipts
CBSE Class 12 Economics Consumers Equilibrium
CBSE Class 12 Economics Determination of Income
CBSE Class 12 Economics Evolution of Money
CBSE Class 12 Economics Features of Perfect Competition
CBSE Class 12 Economics Foriegn Exchange Rates
CBSE Class 12 Economics National Income
CBSE Class 12 Economics Producers Behaviour and Supply
CBSE Class 12 Economics Production Possibilities Curve
CBSE Class 12 Elements of Drama
CBSE Class 12 Elements of Fiction
CBSE Class 12 Engineering Bearings
CBSE Class 12 Engineering Isometric Projection
CBSE Class 12 Engineering Machine Drawing
CBSE Class 12 Engineering Pulleys
CBSE Class 12 Engineering Rod Joints
CBSE Class 12 Engineering Shaft Couplings
CBSE Class 12 Engineering Tie Rod and Pipe Joints
CBSE Class 12 Entering the Transactions in Tally
CBSE Class 12 Fashion Studies Basics of Garment Making
CBSE Class 12 Fashion Studies Pattern Making
CBSE Class 12 Feature Writing
CBSE Class 12 Features of Technical Registers
CBSE Class 12 FMM Banking Operations
CBSE Class 12 FMM Financial Statements
CBSE Class 12 Forms of Business Translation
CBSE Class 12 Forms of Drama
CBSE Class 12 Forms of Prose
CBSE Class 12 Forms of Technical Translations
CBSE Class 12 Functions of Different Sections of Library
CBSE Class 12 Getting Familiar to NEET Screen
CBSE Class 12 Introducing and Understanding Transaction Cycle
CBSE Class 12 Introduction to Article Writing
CBSE Class 12 Introduction to the Writing of Drama
CBSE Class 12 Learning How to Write the Short Story
CBSE Class 12 Library Cataloguing
CBSE Class 12 Library Classification
CBSE Class 12 Macroeconomics in Hindi Part 1
CBSE Class 12 Macroeconomics in Hindi Part 2
CBSE Class 12 Macroeconomics in Hindi Part 3
CBSE Class 12 Macroeconomics in Hindi Part 4
CBSE Class 12 Modern Library and Information Services
CBSE Class 12 Modes of Theatrical Presentation
CBSE Class 12 Operations of Depository
CBSE Class 12 Order and Trade Management
CBSE Class 12 Philosophy Of Education
CBSE Class 12 Philosophy Education For Character Development
CBSE Class 12 Physics Lens and Mirror
CBSE Class 12 Practical Handbook BPO Manual
CBSE Class 12 Problems of Translation
CBSE Class 12 Procedure for doing enteries in payroll software
CBSE Class 12 Process of Translation
CBSE Class 12 Punjabi Kaav Jatra
CBSE Class 12 Punjabi Katha Jagat
CBSE Class 12 Resources and Human Resource Management
CBSE Class 12 Risk Containment Measures
CBSE Class 12 Talks and Speeches
CBSE Class 12 Technical Processing of Documents
CBSE Class 12 Trading Reports Download
CBSE Class 12 Traditional Library and Information Services
CBSE Class 12 Translating Technical and Business Registers
CBSE Class 12 Translation and the Translator
CBSE Class 12 Translations of Business Registers
CBSE Class 12 Understanding NEAT System
CBSE Class 12 Understanding Short Stories
CBSE Class 12 Understanding the Rolling Settlement
CBSE Class 12 Web Based Search
CBSE Class 12 Writing Essays
CBSE Class 12 Writing Reviews
CBSE Class 12 Writing Short Stories
CBSE Classs 12 Fashion Studies Book
NCERT Class 12 Heritage Craft Colonial Rule and Crafts
NCERT Class 12 Heritage Craft Craft In the Age of Tourism
NCERT Class 12 Heritage Craft Craft In The Past
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NCERT Class 12 Heritage Craft Production and Marketing
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NCERT Class 12 Heritage Crafts Craft Tradition Of India Design and Development
NCERT Class 12 Heritage Crafts Craft Tradition Of India The Crafts Community Today
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NCERT Class 12 Heritage Crafts Tradition Of India Crafts Bazaars
NCERT Class 12 Heritage Crafts Tradition Of India Crafts In Past
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Other Subjects NCERT Book Class 12 Banking Operations

The above NCERT Books for Class 12 Other Subjects Banking Operations have been published by NCERT for latest academic session. The textbook by NCERT for Banking Operations Other Subjects Class 12 is being used by various schools and almost all education boards in India. Teachers have always recommended students to refer to Banking Operations NCERT etextbooks as the exams for Class 12 Other Subjects are always asked as per the syllabus defined in these ebooks. These Class 12 Banking Operations book for Other Subjects also includes collection of question. We have also provided NCERT solutions for Class 12 Other Subjects which have been developed by teachers of StudiesToday.com after thorough review of the latest book and based on pattern of questions in upcoming exams for Class 12 students.

NCERT Book Class 12 Other Subjects Banking Operations

The latest NCERT book for Banking Operations pdf have been published by NCERT based on the latest research done for each topic which has to be taught to students in all classes. The books for Class 12 Other Subjects Banking Operations are designed to enhance the overall understanding of students. All Class 12 NCERT textbooks have been written in an easy to understand language which will help to enhance the overall level of Class 12 students. 

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