Banking Operations and Practices

• Introduction of Banking – Defining Banks and Banking, Basic functions of Bankers, Banking System in India, Structure of Banks in India, Types of Banks, 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, and 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