BUSINESS ASPECTS IN

BANKING & INSURANCE

GROUP MEMBERS
NAMES ROLL NO
AK S H AY S H AH 178
AJ I N K YA R AN E 157
R AJ VE E R R AJ P U T 156
AJ AY YAD AV 237
S H R I D E E P S H E T T Y 198
BANKING SECTOR
The word Bank is derived from the Latin word
Banca .
In the pre-independence there were many bank
failures .
After independence , the Government passed the
Banking Regulation Act,1949 for regulation the
business of bank to provide protection to depositors.
Vital tool for economic development and process.
DEPOSITS
SAVING DEPOSITS
FIXED DEPOSITS
RECURRING DEPOSIT
TAX SAVING FIXED DEPOSIT
CURRENT DEPOSIT
SAVINGS ACCOUNTS
A convenient, safe and rewarding experience:-
your money is always within your easy reach, even as it earns
interest with ICICI Bank Saving Account. Access your money when you need it and where you
need it with our extensive branch and ATM network and through personalized 24x7 phone
banking. Whats more, you get reward for all your banking transaction with ICICI Bank Saving
Account.
. My Saving Rewards:-
you earn more than just interest with our Saving Account Earn reward
point for a variety of transaction that you carry out with ICICI Bank . Bill pay to Online
shopping to investments, get reward at every step. Our tie-up with PAYBACK, Indias largest
multi-brand loyalty programme, means that you can redeem these point for a range of
rewards! To know more about how you can get more from your Saving Account.
Debit-cum-ATM card:-
carry your banking in your wallet with ICICI Bank debit Card . You can do
much more with it than cash withdrawals. Use it for cashless shopping with increased
security. Whats more, you also get offer on dining, entertainment, shopping, gifting
and a lotmore.
. Internet Banking :-
safety and conveniently manage your finances from home or
office with ICICI Banks Internet Banking. Transfer money, pay bills, shop,
book ticket and do much more with our internet banking. To carry your
bank wherever you go
. Mobile Banking :-
safely manage your bank Account , Credir Card payment
and loans from wherever you are through your mobile phone. Our Mobile
Phone Banking service work with almost all handsets and help you access
your ICICI Bank account easily. To carry your bank wherever you go



. Public Provident Fund:-
want to save on taxes and earn higher
interest with complete security? Get all these advantages with
ICICI bank PPF Account, and conveniently access it online.
. My Money :-
Plan your finances and track your expenses with
My Money from ICICI Bank a useful and totally secure tool. To
take control of your finances.
FIXED DEPOSIT
# CONVENIENT BOOKING
Open a Fixed Deposit Account easily through a
number of channels like Internet or phone Banking or simple by visiting
your nearest ICICI bank branch
# INTEREST RATE
Earn attractive interest for various tenures on your
deposits.

# LIQUIDITY
Make premature withdrawn in multiples of Rs.1000 subject to
applicable charges, get a loan or Overdraft up to 90% of your FD amount
and choose from monthly or quarterly payouts.
# MINIMUM BALANCE
You can avail of ICICI Bank Fixed Deposit of Rs.10000 for General
Customers and Rs. 2000 for Fixed Deposit for Minors.
# OTHER BENEFITS
Avail of a loan facility up to 90% of principal and accrued
interest, safe custody of your FD receipts and automatic renewal of
Deposit Account on completion of tenure.
# CHOICE OF PLANS
Select from 2 Investment plans:
1. Traditional Plan
Earn interest monthly/quarterly basis as per your
convenience with a maturity period ranging from 7 days to 10
years.
2. Reinvestment Plan
Earn interest compounded quarterly and reinvested with
the principle amount with a maturity period ranging from 6
month to 10 years.
RECURRING DEPOSIT
1.Minimum Balance
Deposit a minimum of Rs.500 per month and
thereafter , deposit in multiples of 100.
2.Nomination
Nominate a single nominee to your account
proceeds, whether held solely or jointly. Applicants are
required to fill a form prescribed under the Banking
Company,1985.
3. Period of Deposit
Make deposit for a minimum period of 6
month and thereafter in multiples of 3 months. Maximum
tenure of Recurring Deposit would be 10 years.
4. Other features
- Loan against deposit
- High rates of interest(identical to the fixed deposit rates)
- Non-applicability of Tax Deduction at Source(TDS)
5.Dream Deposits
Secure all the dreams that matter to you. Whether
it is that much desired car, home, education or an ideal
retirement, Dream Deposit are here you move closer towards
your goals.
-Dream Car Plan
If you are thinking of owning a car, investing in ICICI
Bank Dream car plan can enable you get your car.
-Dream Home Plan
ICICI Bank Dream Home Plan enables you to plan
for you dream in a systematic manner
-Dream Education Plan
ICICI Bank Dream education Plan helps you
secure your dream of offering your child the best education
money can buy.
-Dream Retirement Plan
ICICI Bank Dream Retirement Plan helps plan
for retirement by securing your money
-Dream Gold Plan
The Dream Gold Plan enables you to plan your
Gold investments in a secure way
TAX SAVING FIXED DEPOSIT
Tax Saving
Get a tax exemption on your savings under Section 80C of
Income Tax Act, 1961
Accounts and Investment
You can make a minimum investment of
Rs. 10,000 and maximum Rs100,000 for a
duration of 5 years.
Nomination
Nominate a single nominee to your account proceeds,
whether held solely or jointly. Applicants are required to fill a
from prescribed under the banking companies(Nomination
Rules),1985.
Duration
Invest your money for a period of 5 years.
-As per the Term deposit scheme, 2006, issued by the
Central Government of India, the above Fixed Deposit scheme
will not have the following facilities:
Premature withdrawal, Loan against Fixed Deposit and Auto-
renewal facility.