Basics of Banking

                                                                Certificate Course

                                               Department of Management Science

                                                               K G College Pampady

                                                  

                                                            Basics of  Banking  (30 Hours)

Module I  (10 hours)

UNIT – I

Origin of banking – Definition – Classification of banks based on operations and size or area of operations. Commercial banks – functions – modern trend in deposit mobilization and lending – Innovative lending schemes – Merchant banking – Credit cards & debit cards – ATM, etc.

UNIT – II

Banker and Customer – Meaning – Definition – Relationship – General and special relationship – Obligation to honour cheque – Lien – Obligation to maintain secrecy of customer’s accounts.

Module II (10 hours)

UNIT – III

Types of deposits – Savings deposit – Current deposit – fixed deposit – fixed deposit receipt and its legal implications – passbook – meaning and maintenance – effect of entries favourable to bankers – special type of customers – general procedure for opening account – minors, limited companies, non-trading concerns – joint account. Types of advances – loan – cash credit – over draft – secured advances – modes of creating charges – lien – pledge – mortgage – hypothecation

UNIT – IV

Cheque – meaning – definition – essentials – crossing – types of crossing – types of endorsement – making – significance – material alternation & immaterial alternation

Module III (10 hours)

UNIT – V

Paying banker – duties – circumstances for dishonor of cheques – collecting banker – duties

Unit-VI

Banking Ombudsman-Short title,commensment ,extend & application,functions,various defenition