BANKERS MANTRA

Some Basic Banking Terms 1) RBI – The Reserve Bank of India is the apex bank of the country, which was constituted under the RBI Act, 1934 to regulate the other banks, issue of bank notes and maintenance of reserves with a view to securing the monetary stability in India. 2) Demand Deposit – A Demand deposit is the one which can be withdrawn at any time, without any notice or penalty; e.g. money deposited in a checking account or savings account in a bank. 3) Time Deposit – Time deposit is a money deposit at a banking institution that cannot be withdrawn for a certain "term" or period of time. When the term is over it can be withdrawn or it can be held for another term. 4) Fixed Deposits – FDs are the deposits that are repayable on fixed maturity date along with the principal and agreed interest rate for the period. Banks pay higher interest rates on FDs than the savings bank account. 5) Recurring Deposits – These are also called cumulative deposits and in recurrin...

1. State Bank of India- TAB Banking (Home Loans, Savings A/C), Boutique Financing, SBI IN-TOUCH, E-KYC facility, Pehla Kadam and Pehli Udaan accounts, Tied up with Ezetap solutions to provide m-POS facility, Mother Dairy Smart Card Exchange in Delhi and NCR, Tied up with Mastercard to launch Multi-currency debit card. 2. ICICI Bank- EMI facility on debit card, Cardless Cash Withdrawal, Student Travel Debit Card, Smart Stars Account 3. Federal Bank- Young Champ account, Namma Metro Card with Bangalore Metro 4. Kotak Mahindra Bank- KayPay (Funds transfer via facebook), My Junior Account, Jifi (fully integrated social bank account) 5. Bharatiya Mahila Bank- Nanhi Kali account for young girls, tied up with SBI to roll out credit cards. 6. Axis Bank- Future Star Account, Kisan card to withdraw one lakh per day from ATMs 7. ING Vysya Bank- Zing Savings Account 8. YES Bank- My First Yes Account 9. HDFC Bank- Kids Advantage Account, ForexPlus Card for Haj and Umrah pilgrims 10. IDBI ...

1. National Youth Day - January 12 2. International Youth Day - August 12 3. National Teachers' Day - September 5 4. International Teachers' Day - October 5 5. National Tourism Day - January 25 6. International Tourism Day - September 27 7. National Children's Day - November 14 8. International Children's Day - June 1 9. National Consumer Day - December 24 10. International Consumer Day - March 15 11. National Postal Day - October 10 12. International Postal Day - October 9 13. National Blood Donation Day - October 1 14. World Blood Donors Day - JUNE 14