CONTENTS

CHAPTER NO TITLE PAGE NO

1 INTRODUCTION

2 COMPANY PROFILE

3 JOB PROFILE

4 JOB EXPERIENCE

5 CONCLUSION

6 BIBLIOGRAPHY

7 ANNEXURES
INTRODUCTION

A Bank is a financial institution that accepts deposits from the public and creates credit.
Lending activities can be performed either directly or indirectly through capital markets. Due
to their importance in the financial stability of a country. Most nations have institutionalized
a system known as fractional reserve banking under which banks hold liquid assets equal to
only a portion of their current liabilities. The types of bank are classified into: Commercial
banks, Savings banks, Investment banks, Co-operative banks, etc.
A commercial bank is a financial institution that provides various financial services, such as
accepting deposits and issuing loans. Commercial bank customers can take advantage of a
range of investment products that commercial banks offer like savings
accounts and certificates of deposit. The loans a commercial bank issues can vary from
business loans and auto loans to mortgages.
A Savings bank is a financial institution that gathers savings, paying interest or dividends to
savers. It channels the savings of individuals who wish to consume less than their incomes to
borrowers who wish to spend more. This function is served by the savings deposit
departments of commercial banks, mutual savings banks or trustee savings banks (banks
without capital stock whose earnings accrue solely to the savers), savings
and loan associations, credit unions, postal savings systems, and municipal savings banks.
Except for the commercial banks, these institutions do not accept demand deposits. Postal
savings systems and many other European savings institutions enjoy a government guarantee;
savings are invested mainly in government securities and other securities guaranteed by the
government
An Investment bank is a financial intermediary that performs a variety of services.
Investment banks specialize in large and complex financial transactions such as underwriting,
acting as an intermediary between a securities issuer and the investing public,
facilitating mergers and other corporate reorganizations, and acting as a broker
and/or financial adviser for institutional clients.

Co-operative banking is retail and commercial banking organized on a cooperative basis.

Cooperative banking institutions take deposits and lend money in most parts of the world.
Cooperative banking, includes retail banking carried out by credit unions, mutual savings
banks, building societies and cooperatives, as well as commercial banking services provided
by mutual organizations (such as co-operative federations) to cooperative businesses. There
are different types of co-operative banks. They are as follows:
State co-operative Bank, District central co-operative Bank, Primary Agriculture
Credit Societies, State Co-operative Agriculture and Rural Development Bank, Primary
Cooperative Agriculture and Rural Development Bank, and Urban Cooperative Bank.

The types of co-operative banks are as follows; Primary Co-operative Credit Society,
Central Co-operative Banks, State Co-operative Banks, Land Development Banks,
Urban Co-operative Banks.

The Primary co-operative credit society is an association of borrowers and non-borrowers

residing in a particular locality. The funds of the society are derived from the share capital
and deposits of members and loans from central co-operative banks. The borrowing powers
of the members as well as of the society are fixed.

The Central Co-operative Banks are the federations of primary credit societies in a district
and are of two types-those having a membership of primary societies only and those having a
membership of societies as well as individuals. The funds of the bank consist of share capital,
deposits, loans and overdrafts from state co-operative banks and joint stocks. These banks
provide finance to member societies within the limits of the borrowing capacity of societies.
They also conduct all the business of a joint stock bank.

The State co-operative bank is a federation of central co-operative bank and acts as a
watchdog of the co-operative banking structure in the state. Its funds are obtained from share
capital, deposits, loans and overdrafts from the Reserve Bank of India. The state co-operative
banks lend money to central co-operative banks and primary societies and not directly to the
farmers.

The Land development banks are organized in 3 tiers namely; state, central, and primary
level and they meet the long term credit requirements of the farmers for developmental
purposes. The state land development banks oversee, the primary land development banks
situated in the districts and tehsil areas in the state. They are governed both by the state
government and Reserve Bank of India. Recently, the supervision of land development banks
has been assumed by National Bank for Agriculture and Rural development (NABARD). The
sources of funds for these banks are the debentures subscribed by both central and state
government. These banks do not accept deposits from the general public.

The term Urban Co-operative Banks, though not formally defined, refers to primary co-
operative banks located in urban and semi-urban areas. These banks, till 1996, were allowed
to lend money only for non-agricultural purposes. This distinction does not hold today. These
banks were traditionally centered on communities, localities, work place groups. They
essentially lend to small borrowers and businesses. Today, their scope of operations has
widened considerably.

Functions of Co-operative Banks:

Co-operative banks also perform the basic banking functions of banking but they differ from
commercial banks in the following respects

1. Commercial banks are joint-stock companies under the companies’ act of 1956, or public
sector bank under a separate act of a parliament whereas co-operative banks were established
under the co-operative society’s acts of different states.

2. Commercial bank structure is branch banking structure whereas co-operative banks have a
three tier setup, with state co-operative bank at apex level, central / district co-operative bank
at district level, and primary co-operative societies at rural level.

3. Only some of the sections of banking regulation act of 1949 (fully applicable to
commercial banks), are applicable to co-operative banks, resulting only in partial control by
RBI of co-operative banks and

4. Co-operative banks function on the principle of co-operation and not entirely on

commercial parameters.
 COMPANY PROFILE:

The Co-operative Banks functioning in Tamil Nadu are fulfilling the credit requirements of
the farmers, weavers, rural artisans, consumers of urban area. These institutions are known as
Co-operative Credit Institutions. The Co-operative institutions are functioning under two
categories. They are: long-term co-op credit institutions, short-term co-op credit institutions.
The co-operative credit institutions functioning under short-term credit structure are of three-
tier in nature. At the grass root level, the Primary Agricultural Co-operative Banks (PACBs)
is functioning at village level. At the district level, the Central Co-operative Banks (CCBs) is
functioning with the headquarters at district capital and their branches in various places of the
districts concerned. At the apex level, the Tamil Nadu State Apex Co-operative Bank Ltd.
(TNSC Bank) is functioning at Chennai which co-ordinates the entire short-term co-
operative. credit structure. The Tamil Nadu State Apex Co-operative Bank Ltd
commenced its business during November 1905 as an Urban Coop. Bank. It was
subsequently changed into a District Central Co-operative Bank during July 1920. At present,
the Bank is functioning at Chennai with 44 branches, an Extension Counter and H.O. TNSC
Bank is guiding the Dist. Central Co-operative Banks / Primary Agricultural Co-operative
Banks in their functioning and it is playing a major role in the co-operative movement of
Tamil Nadu. TNSC Bank was formed in the year in which the co-operative. Movement of
Tamil Nadu was formed. As such, the Bank has been serving the people of Tamil Nadu for a
centenary for their economic development. As far as Indian co-operative movement is
concerned, the Bank has commenced its business from the very next year of the formation of
co-operative movement in India. TNSC Bank is the first ever State Co-operative Bank having
the credit of celebrating the centenary year. TNSC Bank has got the license of Reserve Bank
of India to carry on the banking business. TNSC Bank is a Scheduled Co-operative. Bank and
has been listed under the Second Schedule of RBI Act. TNSC Bank is a member of the
Deposit Insurance and Credit Guarantee Corporation (DICGC) and is an insured co-
operative. bank as per DICGC Act. TNSC Bank has got the privilege of having its share
capital by the Government of Tamil Nadu. TNSC Bank has been under close supervision and
monitoring of the higher financing agencies, viz., RBI, NABARD. Periodical inspection and
supervision are done by NABARD as per RBI guidelines. Government of Tamil Nadu is
reviewing the performance of the Bank periodically. Eminent Co-operators have contributed
for the growth and development of the TNSC Bank. The financial growth of the Bank is in a
commendable position. They are as follows.
SHARE CAPITAL:

Share capital consists of all funds raised by a company in exchange for shares of either
common or preferred shares of stock. The amount of share capital or equity financing a
company has can change over time. A company that wishes to raise more equity can obtain
authorization to issue and sell additional shares, thereby increasing its share capital.

RESERVES:

Bank reserves are the currency deposits that are not lent out to a bank's clients. A small
fraction of the total deposits is held internally by the bank in cash vaults or deposited with
the central bank. Minimum reserve requirements are established by central banks in order to
ensure that the financial institutions will be able to provide clients with cash upon request.

DEPOSITS:

Bank deposits consist of money placed into banking institutions for safekeeping. These
deposits are made to deposit accounts such as savings accounts, checking
accounts and money market accounts. The account holder has the right to withdraw deposited
funds, as set forth in the terms and conditions governing the account agreement.
BORROWINGS:

The Apex Bank is getting refinance assistance by way of borrowings from National Bank for
Agriculture and Rural Development (NABARD) for extending credit facilities to the farmers
for short-term agricultural operations, and medium-term loans through DCCBs, weavers
finance through the DCCBs / Co-optex, from Small Industries Development Bank of India
(SIDBI) for extending credit facilities for small scale industries, National Co-operative
Development Corporation (NCDC) and from National Handicapped Finance Development
Corporation (NHFDC) for financing for the development of physically challenged persons
through DCCBs.

INVESTMENTS:

The Bank has to make investments in Government approved securities for the statutory
liquidity ratio (SLR) purposes. The Bank has been investing its funds in the Central
Government / State Government’s approved securities. The Bank has a separate Treasury
Section to deal with treasury operations on its behalf as well as its affiliates, viz. DCCBs and
Urban Co-operative Banks.
ADVANCES:

Through DCCBs, TNSC Bank has been extending a credit facility to the PACBs for short-
term / medium-term agricultural purposes. Depending upon the needs of the farmers the Bank
has been extending advances up to Rs.1000 crores per year. Further, the Bank has been
extending credit facilities through the above channel for the allied activities of farmers like
purchasing milch animals, sheep rearing, poultry farming, bullock carts, and sericulture at
lesser interest rates. The Bank has been extending credit facility to the DCCBs for extending
loans directly by them to small industries and Urban Co-operative Banks from the refinance
facility availed from SIDBI. The Bank has been extending cash credit limits for financing
Co-operative Sugar Mills, Co-operative, Spinning Mills Co-operatives, Wholesale Stores,
and other coop. institutions. The availment of jewel loans at rural and urban areas has been
increasing year after year. In order to meet this credit needs, the Bank has been extending
refinance facility to the DCCBs for issuing jewel loans directly by them and also through
PACBs. The Apex Coop. Institutions functioning at Chennai are getting credit facilities from
the Bank. Out of the refinance availed by the Bank from NHFDC, the Bank has been
extending finance to the DCCBs for issuing loans to physically challenged persons. The Bank
has been extending various loans to individuals directly through the Branches and H.O. at
Chennai. Further, the Bank has been extending jewel loan facility at lower interest rate to the
middle-income group people. The Bank has also been extending Computer Loan, Education
Loan, Building Mortgage Loan, Housing Loan, Rain Water Harvesting Loans, Home Needs
Loan, Loans against Securities, through the Branches and H.O.

AFFILIATES DEVELOPMENT PROGRAMME

The Apex Bank, having in mind the leadership role to be played in relation to the DCCBs and
PACBs, is making grants every year from out of its profits for creation of various
infrastructure facilities at the DCCB level. A programme called “Affiliates Development
Programme” started in the year 1990-91 is being implemented by providing computers, plain
paper copier machines, fax machines, vehicles (jeeps) to the DCCBs in order to improve their
working performance. The Apex Bank is also extending such facilities to the PACBs in the
State by providing financial assistance for purchase of jewel safe boxes, putting up modern
counters, etc. A Deposit Guarantee Scheme is being implemented by the Apex Bank. The
premium for this Scheme has been shared by the Apex Bank, Dist. Central Coop. Banks and
PACBs. This Scheme has been implemented every year and the affiliates are getting benefit
out of it.

PRIMARY CO-OPERATIVES DEVELOPMENT FUND (PCDF):

In addition to the grant of financial assistance to the DCCBs and PACBs from out of the
profit every year, the Bank is also contributing 5% of the net profit every year to the Primary
Coop. Development Fund (PCDF) created in our state. The DCCBs who are making profits
are also making contributions at the same rate every year. From out of the above Fund, the
PACBs are being helped to purchase jewel safe boxes, putting up modern counters and
construction of bank buildings. “Co-operation among Cooperatives” and “Cooperative
Education” is two important principles of Cooperation. In order to uphold these principles,
every coop. institution has been contributing 5% of its net profits to the “Co-operative
Research and Development Fund” and “Cooperative Education Fund” maintained by Tamil
Nadu Cooperative Union. For these Funds, the TNSC Bank has been contributing 5% of its
net profit every year.

AWARDS TO DCCBS / PACBS:

In order to create a healthy competition among the CCBs, the Bank has been implementing
Best Performance Award Scheme from the year 1990-91 based on their performances. A
Committee under the Chairmanship of the Secretary to the Government, Co-operation
Department of Government of Tamil Nadu, will select the Best Performing Bank. Under the
Scheme of Development Action Plan implemented under the aegis of NABARD, one PACB
from each DCCB’s jurisdiction will be selected based on the performance and will be
awarded every year. The Scheme was introduced during the year 1994-95.

AGRICULTURAL CO-OPERATIVE STAFF TRAINING INSTITUTE

(ACSTI):

The Apex Bank has established Training Institute at Madhavaram, Chennai, with a financial
assistance extended by National Co-operative Development Corporation (NCDC). The
ACSTI, manned by Faculties from the Apex Bank, is providing training to employees of
Apex Bank, DCCBs, PACBs and Urban Co-op. Banks on all banking related subjects. The
ACSTI trained 27,649 persons of SCB, DCCBs, PACBs, and Urban Co-operatives.
Old in Tradition and Young in Outlook:
TNSC Bank, the Apex Co-operative Bank and the main purveyor of agricultural credit in
Tamil Nadu, has completed 99 years of useful and purposeful existence. TNSC Bank is old in
tradition but young and dynamic in outlook and action.

Ambition:
The ambition of the TNSC Bank is to feed the people and the Nation with prosperity, by
extending its areas of operation and activities to cover all facets of economic spheres and
integrated rural development.

Leader of Co-operative Credit Movement:

TNSC Bank is the Leader of the Co-operative Credit Movement in Tamil Nadu for over a
century.

First State Co-operative Bank to Celebrate Centenary Year:

TNSC Bank was the 18th Co-operative Society to be registered in the erstwhile Madras
Presidency as “The Madras Central Urban Bank” and this Bank was the first “Central Co-
operative Bank” to be established in India.

Commencement of Business:
It was Sir V.C. Desikachariar, Kt. who gave shape to the proposals formulated by Sir P.
Rajagopalachari, the first Registrar of Co-operative Societies. Sir V.C. Desikachariar, Kt.
along with 17 eminent personalities sent up to the Registrar of Co-operative Credit Societies
an application for the registration of the Bank under the Co-operative Societies Act. The
Government, in G.O.Ms. No.1022, Revenue, dated 19.10.1905 accorded the necessary
sanction and the Registrar of Co-operative Credit Societies registered the Bank on
23.11.1905. The Bank commenced its business on 26.11.1905.

Initial Authorized Share Capital:

The initial authorized Share Capital was Rs.25000/- divided into 50 shares of Rs.500/- each.
The 17 pioneers held one share each, 10 other new members held 11 more shares. The first
call of Rs.50/- per share was made on 26.11.1905. With the addition of 2 more such calls, the
paid-up Share Capital @ Rs.150/- per share, aggregated Rs.4200/- as on 31.3.1906.
HUMAN RESOURCE DEVELOPMENT:

In the present era of Liberalization, Privatization and Globalization, all Indian industries are
struggling in facing the challenges posed by the entry of multi-national corporations in our
country. In order to meet the challenges, the Indian industry has to find out ways and means
for improving the quality of the products and the services rendered. The Human Resources
Development Section has given thrust to provide opportunity to the employees by nominating
them to the training programmes, which enabled the employees in uplifting their attitude
towards work, organization and life in the highly competitive and challenging times.

Human Resources Available in the Bank The role played by the staff in the growth and
development of the Bank is quite immense. Today, the human resources available in the Bank
are comparatively much higher than any other State Cooperative Bank in the country. Thus
TNSC Bank is performing very well in all spheres of banking activities by tapping the
potentiality available with the staff of the Bank.

PRACTICAL TRAINING TO THE STUDENT:

Apart from giving training to the staff, the Bank is also giving training the student
community. The Bank is giving one day training on the working of the Bank to the students
sponsored by the various Colleges / Coop. Institutions, both within and outside the State.
TNSC Bank is also giving training to the BBM students, sponsored by the University of
Madras and various Colleges situated in the city of Chennai, to learn the various aspects of
working of the Bank. In addition to the above, the Bank is also imparting training to the
regular College students, who are sponsored by their Colleges, for a period of four to six
weeks, during summer vacation, and issues relevant certificates to them.

INFORMATION TECHNOLOGY:
Core Banking has been introduced in all branches.
Our Bank has six on-site ATMs at Anna Nagar West, Besant Nagar, Korattur, Mogappair
East, Mogappair West and Sastrinagar branches. Customers may contact Computer Policy
and Planning Section (CPPS).
TNSC Bank is one of the pilot banks in introducing CTS (Cheque Truncation System)
clearing in Southern Grid.

The Bank is providing the following technological facilities to its customers:

1) RTGS/NEFT

2) Net Banking

3) Mobile Banking

4) Electricity Bill Payment

5) Other utility bills payment

DEVELOPMENT ACTION PLAN:

On the advice of the Government of India, NABARD introduced the concept of Development
Action Plan for the S.T. Coop. Credit Structure with an overall view of bringing sustained
viability to all the PACCS and DCCBs in the State. So far, Memorandum of Understanding
had been entered into by the Government of Tamil Nadu and the Apex Bank with NABARD
in 4 phases from 1994-95. The IV phase of Development Action Plan (DAP)-MoUs was
executed on 05.05.2008 by the Apex Bank and the Govt. of Tamil Nadu with NABARD
covering a period of five years from 01.04.2007 to 31.03.2012 with certain revisions/
modifications, which are found essential for making the said exercise more institution-
specific and participative. The Apex Bank subsequently executed MoUs with DCCBs and the
DCCBs have in turn executed MoUs with their respective affiliated PACCS.

Up to III-Phase, the progress achieved at all the three tiers was being reviewed on half-yearly
basis at the State Level Monitoring Committee Meetings convened by the Apex Bank. From
the commencement of IV-Phase of DAP/MoU, the NABARD, R.O., Chennai has been
reviewing the progress achieved at all the three tiers on quarterly basis by constituting State
Level Task Force (SLTF). In addition, the growth achieved at DCCBs/ PACCS level was
being monitored at District Level Monitoring and Review Committee Meetings (DLMRC) on
quarterly basis.
NABARD, Chennai R.O. vide letter no. TN/29/IDD/Coop. 5A (xii)/2012-13 dated
17.04.2012 had advised the Apex Bank to prepare DAP for the year 2012-13 on the basis of
financial particulars of the Bank as on 31.03.02012 and in the light of the instructions
contained in their Master Circular on DAP- MoU. Accordingly, the Apex Bank advised the
DCCBs to prepare DAP for the year 2012-13 and a MoU has been executed between the
Apex Bank and DCCBs. Similarly, DAP for the Apex Bank has also been prepared for the
year 2012-13.

Though NABARD is not insisting upon for DAP-MoU from 01.04.2012, the Apex Bank has
continued the process of preparing the performance obligations of the Bank for five years
from 2014-15 to 2018-19 as in the case of earlier years.

Further, the Apex Bank has advised the DCCBs to prepare Performance Obligations (With
Quarterly break-up) and Key Action Points for the years from 2014-15 to 2018-19. All the
DCCBs have prepared the same and submitted to the Apex Bank.
Based on the above performance obligations, the growth achieved at DCCBs/ PACCS level is
being monitored at District Level Monitoring and Review Committee Meetings (DLMRC) on
quarterly basis.

DISTRICT LEVEL MONITORING AND REVIEW COMMITTEES

(DLMRC):

During the year 2013-14, 95 DLMRC Meetings had been convened at the DCCBs’ level to
review the progress made by the DCCBs and PACCS. Based on the review, the DCCBs were
advised to take appropriate steps to fulfill the objectives of the DAP wherever shortfall was
noticed.

DEPOSITS:

As against the DAP Target of Rs.9000.00 Crores, the Deposit position of the Apex Bank
increased from Rs.7,788.13 Crores as on 31.3.2013 to Rs.9,507.33 Crores as on 31.3.2014,
registering a growth of 22.07%. The total deposit position of all the DCCBs increased from
Rs.17985.72 Crores as on 31.3.2013 to Rs.21, 564.27 Crores as on 31.3.2014. At PACCS
level, the deposit position increased from Rs.6098.32 Crores as on 31.3.2013 to Rs.6, 864.49
Crores as on 31.3.2014.

LOANS AND ADVANCES:

The Apex Bank had issued loans to the extent of Rs.10305.56 Crores as against the target of
Rs.13000 Crores during the year 2013-14. The SCB along with the affiliates surpassed the
target of Rs.4500 Crores set for issue of crop loans as fixed by the Registrar of Cooperative
Societies for year 2013-14 by issuing crop loans to the extent of Rs.4716.16 Crores. The
DCCBs had issued loans to the extent of Rs.39561.42 Crores and the PACCS to the extent of
Rs.18750.81 Crores during the year 2013-14.

MISSION OF BANK:

The Mission of the Bank is to mobilize resources, provide banking products and other
professionalized services to the people, strengthen the affiliates, provide vibrant leadership to
the co-operative banking system, achieve sustained growth and ultimately to attain prime
position in the banking industry.

SERVICES:

TNSC Bank is a member of National Clearing Cell, Reserve Bank of India. Averages of
3500 instruments were received in clearing daily and almost equal number of instruments had
been sent daily in outward clearing. Presentations of cheques in High Value Clearing
received from Central Coop. Banks and from branches drawn on select branches of banks in
Chennai were utilized by TNSC Bank, so as to invest the funds in Call Money Market on the
same day. Some of the Central Coop. Banks had started utilizing the Regional Grid Centre
facility, by depositing their Chennai cheques, in the selected centre’s approved by RBI.
ELECTRONIC CLEARING CELL:

In addition to the ECS Credit / Debit System, RBI had introduced Electronic Funds Transfer
(EFT) between Metros for interbank and intra-bank / branches funds transfer up to Rs.5.00
lakhs. This reduces the delay in transmitting DDs from one place to another place and by the
new system; the amount would be credited to the beneficiary’s account on the same day or on
the second day.

NATIONAL CLEARING CELL:

RBI, NCC has made one more improvement by introducing Imaging Technology in MICR
Clearing Transaction. This will enable the member banks to identify the drawer of missing
cheques, which were debited in TNSC Bank’s Current Account with RBI, but not received by
TNSC Bank to pass on the debit to the customer’s account. The new technology is very
useful to avoid the accumulation of receivables from other Banks.
 JOB PROFILE:

 Learnt all the tasks related to all types of accounts such as

1. Savings bank accounts
2. Fixed deposits accounts and,
3. Recurring deposits accounts

SAVINGS ACCOUNT:

A savings account is an interest-bearing deposit account held at a bank or another financial

institution that provides a modest interest rate. Banks or financial institutions may limit the
number of withdrawals you can make from your savings account each month, and they may
charge fees unless you maintain a certain average monthly balance in the account.

WHO CAN OPEN SAVINGS BANK ACCOUNT?

 Individual in personal capacity

 Individual in joint names
 A minor with natural guardian
 A minor over the age of 12 years and who is literate
 Charitable and Educational Institutions, which is non-commercial
 An illiterate

FIXED DEPOSITS:
A sum of money given to a bank, financial institution or company whereby the receiving
entity pays interest at a specified percentage for the time duration of the deposit. At the end of
the time period of the deposit the amount that is originally given is returned to the investor.
Fixed deposits are also known as term deposits.

WHO CAN OPEN FD ACCOUNT?

 Individual in personal capacity can open.

  Individuals in joint names can open.
 A minor with natural guardian can open.
 Application form necessary.
 Rate of interest as applicable to F.D rates.
 Institutions can open F.D.
 Minimum deposit amount Rs.1000.
 Minimum Period 15 days.
 Payment of interest on monthly, quarterly, half-yearly and annually for deposit of 1
year and above.
 Loan and nomination facility.
 Facility of pre-mature withdrawal.

RECURRING DEPOSITS:

A Recurring Deposit or RD as it is commonly called is a unique term deposit offered by

banks. It is an investment tool which permits those with an ability to make regular deposits
earn decent returns on their investment. Basically consisting of regular deposits and an
interest component, a Recurring Deposits provides flexibility and ease of use to individuals.
Account holders can choose to invest a particular amount each month, ensuring that they
have sufficient income for an emergency, with the RD earning decent interest on the amount.
Given the fact that FDs are rigid and are not ideal for short terms, a Recurring Deposit is an
ideal investment cum savings option.

 Individual in personal capacity can open.

 Individuals in joint names can open.
 A minor with natural guardian can open.
 Application form necessary.
 Rate of interest as applicable to F.D rates.
 Minimum deposit amount Rs.100 and in multiples of Rs.100.
 Minimum Period 6 months.
 Loan and nomination facility.
 Facility of pre-mature payment.
 Monthly deposit of instalments.
 Monthly instalments can be transferred from Savings Bank / Current Account.
  Learnt how to calculate interests on jewel loans and those on deposits of
customers who have submitted Form 16, Form 16 A :

A gold loan is a loan which is secured against gold ornaments. A borrower pledges
their gold ornaments with the lender in exchange for funds. Therefore, it is a loan which is
granted against a certain physical security of gold.

JOB EXPERIENCE:

SKILLS LEARNT:

 Prepared the entry book of daily activities in order to recognize the new opening of
accounts, other branch account transactions

 Learnt what are the basic documents that are must to open any account, loans etc

 Arranging of accounting books according to the serial number

 Checking the daily transactions

 Recording transactions of NEFT & RTGS

 Issued the forms such as 15 G, 15 H , & 16

 KYC updation

 Entered pass book entries

 Locker opening procedures & types of lockers available.

 Calculation of jewel loan interest

 Arranging of journal records.

 Entered the day to day vouchers.

 Printing of loan vouchers

 Checking the customer details

 Issuing of net banking applications, ATM applications.

 Filing of AADHAR & PAN CARD details of the customers.

 Learnt about clearing and collection of cheques.

 Issued the applications of savings account, fixed deposit, & recurring deposit.

 Checking the interest of the customers filed in 16 A FORMS.

CONCLUSION:

This internship thought me, that things are not as easy in the real world as they are in the
classroom. Working with several different people and learning from their work ethic and
attitudes gave a lot of insight into the work culture of the organisation. On the job, you see
that everything is done for a reason and to see all the aspects you learn in class coming
together is just amazing. Not only has it helped in theoretical knowledge, but it has also
provided with a good solid work experience background. Experience is in itself an education,
and it was felt during those weeks. Every day was a learning experience. This will be of great
benefit for a long time to come.

A lot experience was gained through the continuous usage of Accounting Software used in
the company. This internship helped to understand the concepts better and gave an in depth
Knowledge of how the entire accounting field operates. A lot of things were learned more in
Six weeks than ever thought was possible. This experience gave the basic foundations of how
an organization operates. Everyone spent time to explain and teach difficult concepts and
methods. The professional, easy-going atmosphere helped to create a favourable experience
which would be cherished forever.