Banking Operation and Practices

Introduction of Banking – Defining Banks and Banking, Basic functions of Banker, Banking System in India, Structure of Banks in India,Types of Bank, Central Bank
Deposit Accounts – Savings Accounts, Current Accounts, Fixed Deposit Accounts
Banker-Customer Relations – Know your Customer[KYC] guidelines-Different Deposit Products – services rendered by Banks – Mandate and Power of attorney; Banker’s lien – right of set off – garnishee order – Income tax attachment order etc

Payment and Collection of Cheque – duties and responsibilities of paying and collecting banker-protection available to paying and collecting banker under NI Act – endorsements – forged instruments – bouncing of cheques and their implications
Opening of accounts for various types of customers – minors – joint account holders – HUF – firms – companies – trusts – societies – Govt. and public bodies Importance of Anti Money Laundering (AML)

The Negotiable Instruments Act, 1881(Amendment and Miscellaneous Provisions) Act,2002- Notes, Bills and Cheques-Promissory notes, Bills of exchange and cheques (Demand, drafts, payment orders etc.)-Responsibility of paying-collecting banker indemnities-guarantees-scope and application-obligation of a banker–Endorsement-Crossing of Cheques-Dishonours of Cheques.

Principles of Bank Lending –Kinds of lending facilities such as Loans, Cash Credit, Overdraft, Bills Discounting, Letters of Credit –NPA: Meaning, circumstances & impact –regulations of priority lending for commercial banks.

Meaning, Significance and Features ,Channels of Banking - ATM, internet, mobile banking, phone banking, Payment mechanism of Banks - Cheques, demand drafts, NEFT, RTGS, ECS. Understanding Wallets, UPI- concept, rules and regulations