tailieunhanh - Lecture Retail and merchant banking – Lecture 27

The main banking activities consist of acceptance of deposit from the public for the purpose of lending to businessmen and others who may seek loans. Actually, the money deposited in any bank is mostly the saving of the people. Money may be needed in future for various purposes such as medical treatment, marriages and for other events. | Revise Lecture 27 1 Deposit Account 2 Banker and Customer Deposit Account The main banking activities consist of acceptance of deposit from the public for the purpose of lending to businessmen and others who may seek loans. Actually, the money deposited in any bank is mostly the saving of the people. Money may be needed in future for various purposes such as medical treatment, marriages and for other events. 3 Banker and Customer Deposit Account So people keep their savings with someone where it will both be safe and earn a return. A bank is a such place where money once deposited remains safe and also earns profit. 4 Types of deposit account 5 Banker and Customer Types of deposit account Bank deposits serve different purposes for different people. Some people cannot save regularly, they deposit money in the bank only when they have extra income. Some, mostly businessmen, deposit all their income from sales in a bank account and pay all business expenses out of the deposits. 6 Banker | Revise Lecture 27 1 Deposit Account 2 Banker and Customer Deposit Account The main banking activities consist of acceptance of deposit from the public for the purpose of lending to businessmen and others who may seek loans. Actually, the money deposited in any bank is mostly the saving of the people. Money may be needed in future for various purposes such as medical treatment, marriages and for other events. 3 Banker and Customer Deposit Account So people keep their savings with someone where it will both be safe and earn a return. A bank is a such place where money once deposited remains safe and also earns profit. 4 Types of deposit account 5 Banker and Customer Types of deposit account Bank deposits serve different purposes for different people. Some people cannot save regularly, they deposit money in the bank only when they have extra income. Some, mostly businessmen, deposit all their income from sales in a bank account and pay all business expenses out of the deposits. 6 Banker and Customer Types of deposit account Keeping in view these differences, banks offer the people the facility of opening different types of deposit accounts to suit their purpose and convenience. 7 Types of deposit account Accordingly, bank deposit accounts may be classified as; Savings bank account Current deposit account Fixed deposit account Recurring deposit account Salary account 8 Withdrawal from deposit account 9 Banker and Customer Withdrawal from deposit account Customer deposit his savings for use in future. The need for money may arise any time. So customer should know how to get back your money from the bank. 10 Banker and Customer Withdrawal from deposit account Money can be withdrawn by using; Withdrawal form Cheque ATM card 11 Types of Accounts Holders Banks are custodians of public money. Basically, the money is accepted as deposit for safe keeping. A bank account is a monetary account with a banking institution recording the balance of money for a customer. 12 Types