ACKNOWLEDGEMENT

I whole heartedly acknowledge the help and support that I have received from -------------------------, all my faculty who guided me and motivated me during the course of internship. I would also like to thank my industry guide Mr. RAHUL SAXENA under whose able guidance I successfully completed my internship. I also want to give my special thanks to Mr. -------------------------, branch manager of Axis Bank Limited. His valuable suggestions have always been an eye-opener for me in my endeavour. At last but not the least, I would also like to thank all my family members, my dear friends who constantly kept on motivating me by giving me valuable suggestions.

THANK YOU

INTRODUCTION
The Axis Bank's Registered Office is at Ahmedabad and its Central Office is located at Mumbai. The Bank has a very wide network of more than 838 branches and extension counters, as on 31 March 2009. It has branches in China, Hong Kong, Singapore and UAE. The bank is headquartered at Mumbai in India. Axis Bank has operations in 29 States and 3 Union Territories in India. Extension Counters (as on 31st May 2009). The Bank has a network of over 3674 ATMs (as on 31st May 2009) providing 24 hrs a day banking convenience to its Customers. Axis Bank is the third largest ATM network provider in India. The Bank has strengths in both retail and corporate banking and is committed to adopting the best industry practices internationally in order to achieve excellence.

HISTORY
Axis Bank was the first of the new private banks to have begun operations in 1994, after the Government of India allowed new private banks to be established. The Bank was promoted jointly by the Administrator of the specified undertaking of the Unit Trust of India (UTI - I), Life Insurance Corporation of India (LIC) and General Insurance Corporation of India (GIC) and other four PSU insurance companies, i.e. National Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance Company Ltd. The Bank today is capitalized to the extent of Rs. 359.44 crores with the public holding (other than promoters) at 57.74%.

ITS PRODUCT LINE

Axis Bank Limited (Axis Bank) offers a broad range of retail & corporate banking products and services in India. The bank was earlier known as UTI Bank Limited. The company offers several products including accounts, deposits, cards, Credits, advisory services, treasury, mutual funds, cash management, international banking and transaction services. The bank has a network of 3595 ATM machines Axis bank offers banking and financial services in India. The companys services and Brands include the following:

Services:
1. Personal Banking

2. 3. 4.

Corporate Banking NRI services Priority Banking

ACCOUNTS

Prime Saving Account:

Axis Bank has always strived to pace their products with the growing needs of the customers. The Prime Saving account has therefore been created with the customers specific financial requirements in mind. To simplify daily banking, Axis bank Prime Saving account comes with an international photosignature Debit Card. This unique card comes with withdrawal limit of Rs. 40,000 per day, facilitating transfer of funds, deposits of cash/cheques and payment of insurance premium (LIC).

 Senior Privilege Account:

Because life begins at sixty: Axis Bank's Senior Citizen Saving Account has been designed keeping in mind the fact that a senior citizen's banking requirements are wholly different and requires special consideration.
-

SENIOR PRIVILEGE: ELIGIBILITY You can avail of a Senior Citizen Saving Account subject to the following criteria Average Quarterly Balance (AQB) TYPE Average With FD of 2 Quarterly Lakh Balance (AQB) METRO/URBAN Rs. 10000 Rs. 5000 SEMIRs. 5000 Rs. 2500 URBAN/RURAL No penal charges will be levied for nonmaintenance of Average Quarterly Balance in the first quarter of account opening. Person should be a Indian Resident Age as on date of account opening should be greater than or equal to 60 years.

Smart Privilege Account:

- For the woman of today In today's busy world it's tough being a working woman. Right from shuttling between a job and family to taking care of her finances she has to be on her toes all the time. Keeping this in mind, Axis Bank has designed a saving account best suited for the woman of today. With the Smart Privilege Account, Women can manage their money and their life and as well as enjoy a host of lifestyle privileges. Furthermore Axis Bank's Smart Privilege Account ensures that she has enough time for all the important things in life.

Smart Privilege Account: Specially Designed Debit Card The photo signature international debit card comes with a host of Enhance privileges

Zero

Balance

Minor

Account:
- Privilege For Children Imbibe the significance of regular saving in your child. The Zero Balance Minor Saving Account is a unique feature that all account holders can open for their children. No maintenance is charged. Debit card is offered to the minor above the age of 12 years, who can sign uniformly. Daily withdrawal limit is of Rs. 1500 at ATM.Daily spend limit is of Rs. 1000 at merchant outlets. To open this account Children should be below the age of 18 years. The guardian of the minor should be a Smart Privilege Account holder.

Easy

Access

Saving

Account:
- Banking made easy Presenting, Axis Bank's Easy Access Saving Account. The account is an endeavour by the Bank to understand the consumers' needs and redefine banking to suit the requirements for a truly comfortable banking experience. Easy Access Saving Account gives customers instant access to their

money anywhere, anytime. Possessing a range of unmatched features, it has been devised to better suit the convenience of banks eclectic client base. Customers can avail of all these services with a minimum quarterly average balance of Rs. 5,000 in metro or urban centres, Rs. 2,500 in semi urban centres and Rs. 1,000 in rural centres.

Zero Balance Saving A/C:

- Save at Zero Presenting, Axis Bank's Zero Balance Saving Account. At Axis Bank it has been their constant endeavour to create products specifically catering to customers needs. The account while offering a whole range of services also addresses customers latent need of having an account without the hassle of maintaining an average quarterly balance. Free International Debit Card with an Accidental Insurance cover up to Rs 2 lakhs* is available (charges for the primary holder are waived).At-Par cheque facility with the clearing limit of Rs 50,000 is given.

Defence Salary Account:

- Power Salute

Defence Salary Account from Axis Bank is a product designed keeping in mind how tough a life in the Defence Forces is. With the complete gamut of banking services (including overdrafts, loans and zero balance requirements) customers can now rest assured about their family and all their financial needs. It's Banks way of showing appreciation to their work. - BANKING PRIVILEGES: At-par Cheque Facility Additional Debit Card Financial Advisory Services Note: Power Salute is a special account offered to customers with regular direct salary credits coming into this account. In case, the monthly salary is not credited into the account for more than 3 consecutive months, the special features offered under Power Salute account shall stand withdrawn and the account shall be treated as Normal Saving Account under our standard charge structure and all charges shall be levied and applied as applicable to normal saving accounts. Retired personnel can also avail of the mentioned benefits as long as the account has been opened when in active service.

Corporate Salary Account:

Axis Bank Corporate Salary Power Offering is designed to offer payroll solutions through in a 24 X 7 environment. It is beneficial to both employers and also employees.
-

ELIGIBILITY:

Axis Bank Salary Power Offering is made for companies/ corporate/ government departments/defence establishments wherein the minimum number of employees is 10. Axis Bank has three Product offerings, depending on the payout commitments made by the concerned company and a single product offering for all defence establishments. 1. Salary Power Plus - Average Payout / Employee is between Rs 7500/ - Rs 9999/Salary Power Privilege - Average Payout / Employee is between Rs.10000/ Rs.24999/2. 3.

Salary Power Premium - Average Payout / Employee is Rs.25000/- & above. Power Salute Establishments Only for Defence

4.

Krishi Saving Account:

- Kheti Ho Khushhali Ki Axis Bank offers a unique saving account which is easy to operate and transact immediately. This product has been specially designed keeping in mind the unique requirements of a farmer and true to its nature has been called the Krishi Saving Account.
-

FEATURES:
1.

Average Balance Requirement: This account is offered with the requirement of maintaining the half-yearly average balance of Rs 1000 only.
2.

International Master Debit Card: This card comes with: A cash withdrawal limit of Rs 25,000 per day. Free Accident Insurance cover of Rs 2 lakhs. Anywhere Banking:

3.

Being a Krishi account holder, customers are entitled to access wide network of more than 700 branches and 3000 ATMs across 440 cities.
4.

At Par Cheque Book:

This facility enables customers to encash the cheques as local instruments at any of the 440 centres where the Bank has its presence, at no extra cost. Moreover, customers can also issue cheques at other centres up to the limit of Rs 50,000.

Trust/NGO Account:

Saving

Thoughtful banking for people who spend their lives thinking of others.

Axis Bank's Trust Account is an effort to offer thoughtful banking for people who spend their lives thinking of others. It is a complete banking solution for Trusts, Associations, Societies, and Government Bodies, Section 25 companies and NGOs, so that the organizations can devote all of their time to their noble motivations.

Pension Savings Account:

The identity of the Pensioner is to be established through Pension Payment Order (PPO) issued by the concerned Pension Paying Authority.

The Pension Saving Accounts can be Single or Joint Bank Accounts. Pension is not permitted to be paid by cash, however, Standing Instructions may be accepted and chequebook may be issued.Pension Savings Bank Account, from Axis Bank is specifically, designed for Pensioner's (Existing & Prospective) of Central Govt. Civil Ministries/ Departments & Defence Ministry keeping in mind the fact that a Pensioner's banking requirements are wholly different and requires special consideration.

Azaadi - No Frills Account:

- Basic banking with zero balance Presenting, Axis Bank's Azaadi Account.-A saving account that doesn't require a minimum balance. Experience a host of unparalleled features and heightened convenience with Azaadi Account.
-

Qualification For Azaadi IF: The sum total of all credits to your account does not exceed Rs 1 lac during the financial year. You do not intend to maintain an account balance higher than Rs 50,000 at any given instant.

You are unable to furnish full documentation as required ordinarily for fulfilling of account opening norms.

DEPOSITS
I. Fixed Deposits :
Safety, Security and Growth Axis Bank offers you simple reinvestment Fixed Deposits (at very competitive interest rates), which can be opened with a minimum investment of Rs 10,000. You can make additions to your deposit in multiples of Rs 1,000 each. The tenure of your deposit must be a minimum of 6 months. All encashment or withdrawals of Fixed Deposits can only be made at the branch where the deposit was booked.

For deposits with tenure of 6 months & above, interest is calculated on a quarterly basis.

II.

Encash 24 :
The Encash 24 (Flexi Deposit) gives you the liquidity of a Savings Account coupled with high earnings of a Fixed Deposit. This is achieved by creating a Fixed Deposit linked to your Savings Account providing you the unique facilities. Your money is no longer idle. As soon as the balance in your Savings Account crosses over Rs 25,000, the excess, in multiples of Rs 10,000 will be transferred automatically to a higher interest earning Fixed Deposit Account.The maturity of fixed or term deposits formed as a result of transfer of money from the Savings Bank account will be for a maximum period of 181 days and the interest will be charge.

III. Tax Saver Fixed Deposits:

In the Finance Bill of 2006, the government had announced Tax benefits to Bank Term Deposits which are of over 5 year tenure u/s 80C of IT Act, 1961 vide Notification Number 203/2006 and SO1220 (E) dated 28/07/2006. The salient points of the scheme notification are; (a) Fixed tenure without premature withdrawal. (b) Year is defined as a financial year. (c) Amount limited to Rs. 100 minimum and Rs. 100,000 maximum. (d) Bank will issue a Fixed Deposit Receipt that shall be the basis of claiming tax benefit. (e) Term deposit under this scheme cannot be pledged to secure a loan.

IV. Recurring Deposits:

Power of compounding Axis Bank's Recurring Deposit scheme will allow you with an opportunity to build up your savings through regular monthly deposits of fixed sum over a fixed period of time. Recurring deposits are accepted in equal monthly installments of minimum Rs 1,000 and above in multiples of Rs 500 thereafter. Recurring Deposit accounts can be opened for a minimum period of 12 months and in multiples of 12 months thereafter, up to a maximum of 120 months. The amount of installment once fixed, cannot be changed. The total amount repayable to a depositor, inclusive of interest, depends on the amount of monthly installments and the period of deposit.