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Monday, March 23, 2015

Banking Service Process of Opening Account



The process of opening current and saving account:
            A bank should be very careful in entertainment a new customer. For this purpose, the bank may follow the procedure given below:
-         Presenting of application : the application should fill in the prescribed from the opening of account available in the concern bank. Bank keep different form the individuals, as partnership firm, companies. The application should be fill in the relevant form and mention his name, occupation, full address, specimen signature and other particular require by the bank. The application has also to declare the he will be bound by the bank  rule for the time being in force for the conduct of the concern account.
-         Specimen signature: the application is required to give his specimen signature on a card meant for this purpose. This will help to protect the bank against forgery.
-         Deposit cash: when the above formalities are completed, the bank will agree to open an account in the name of the application. Before the opening the account, the customer must deposit the maximum initial deposit in cash. In cash of saving account, the maximum deposit of $500, if no check book is quire.

Service of Transaction Deposit


Service of Transaction Deposit


Commercial bank is a profit seeking the business firm, dealing in the money and credit . it is financial institution dealing in money in the sense that it accept deposit of the money from the public to keep them in its custody for safety. Bank create credit by making advance out of the fund receive as deposits to need people. It thus, function as a mobile of saving in the economic. And can help the poor people to growth up with new job and invest. The bank is very important for the trader and investor especially area people. For the bank there are many service in the bank but now I will show the special service and function that microfinance and banking usually use it for operation and invest the money. 


            There are 4 type of Deposit:
1.      Current Deposits: these deposit can be withdraw at any time. Generally, no interest is allowed on current deposits. These deposit are kept by businessmen and industrialist who receive and make the large payment through bank. And show the  benefit from these service of current account:

The purpose of Life



In the world have a lot of existence that growing up, like plane and human too. All the existence have to the value of life the same values are choice who people make in the life. The value of the person decided the way here behaves. They do so because of their value. Everyone has value, your friend have value, your parent have value. You learn value from your parent, friend and from other people you meet. You form your own value from hearing what they say and from watching how they behave so value of life is very important for human existence to live in live that has the real meaning or purpose.


      Life or human existence has no meaning or purpose because human existence occurred out of the random chance in nature and anything that exist by chance has no intend purpose.

The Library and Its Advantages


       The Library and Its Advantages 
 
The most of people are very like to reading book and research on Google because the book are very important for them, specially all of the student.
Library are indeed blessing in the modern world books. Even in this age of cheap literature. Cost money and there are very poor people who cannot afford even the price of the cheap edition. They can read and they crave for the knowledge, but they cannot satisfy their third because their cannot afford the good books. It is for such people that library are more useful.


      There is no doubt that libraries are the great blessing and when the books are wisely selected, they have the great educational value, and have done much to encourage the habit of reading among the working classes. Of course, the most of the book are novel and the most of people are novel reader, but there is no much harm in this. As the reading of sound fiction is not only a

Newspaper Reading


















News are very important for all people in the share general knowledge to each other because it help us to know about hot event in the world. And We can get the best time from it so like that: trips to other place, visit the new place, finding the best solution education, meeting time, etc.
            Reading the newspaper is a good for the student of my age, because I am in primary six and from next year, I shall being to lasted real education. There are many benefit derived from reading newspapers. 

Banker and customer Relationship



Banker and customer Relationship






The relationship between the banker and the customer arise out of the contract entered in between them. The relationship between the banker and customer is vital. The relationship start right from the moment an account is opened and it come to an end immediately on closure of the account. This the relationship two of type:
  • General relationship 
  •     Special relationship.
A.    General Relationship
       The General relationship between the banker and customer can be classified into two type :
  •  Primary relationship
  •  Secondary relationship, show the below:
It will be inform of
       a.       Banker agent : a bank act as an agent of his customer and perform the number of agent 

function for the convenience of his customer. These are below:
1.      Purchase and sell securities.
2.      Collection of income and profit.
3.      Making periodical payment instruction by his customers.
4.      Collecting interest and dividend on securities lodge by his customer.