Tuesday, September 1, 2015
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.
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:
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.
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