1. WHAT IS A BANK

2. PART1

3. I- introduction
Now-a-days, the banking sector acts as the backbone of modern business. Development of any country depends mainly upon the banking system.

4. Ii-definition
A bank is a financial institution which deals with deposits. It receives money from those who want to save in the form of deposits and it lends it to those who need it.

5. Iii-Features of a Bank

6. The Bank is a financial institution which deals with people's money.
1. Dealing in Money
The Bank is a financial institution which deals with people's money.

7. 2. Acceptance of Deposits
A bank accepts money in the form of deposits repayable on demand.

8. 3. Giving Advances
A bank lends out money in the form of loans to those who need it for different purposes.

9. 4. Payment and Withdrawal
A bank provides easy payment and withdrawal facility to its customers in the form of cheques.

10. 5. Profit and ServicE Orientation
A bank is a profit seeking institution which is service oriented.

11. 6. An intermediary role
A bank acts as a intermediary between borrowers and lenders.
It collects money from those who have a money- surplus
and gives it to those
who are in need
of money.

12. PART 2

13. There are many kinds of banks.
TYPES OF BANKS
There are many kinds of banks.
The most important
are:

14. Type 1. Saving Banks
Saving banks are established to create saving habit among salaried people and low income groups. The deposits collected from customers are invested in various business projects.

15. Type 2. Commercial Banks
Commercial banks have the objective to help businessmen. They collect money from general public and give short-term loans to businessmen.

16. Type 3. Industrial Banks Development Banks
The main objective of these banks is to provide long-term loans
for
expansion
and
modernisation of
industries.

17. Type 4. Land Mortgage / Land Development Banks
These also known as
Agricultural Banks
because
they are formed to
finance the agricultural sector.
They also help in land development.

18. Type 5. CentraL or National Bank
Every country of the world has a central bank. In U.S.A, Federal Reserve and in U.K, Bank of England. These central banks are the bankers of the other banks.

19. controlling foreign exchange.
They provide specialised functions i.e.
issue of paper currency, bankers of government, supervising
and
controlling foreign exchange.

20. A central bank is a non-profit making institution
A central bank is a non-profit making institution. It does not deal with the public but it deals with other banks. The principal responsibility of a Central Bank is the thorough control of the national currency.

21. Type 6. CO-Operative Banks
Co-operative banks give credit facilities to small farmers, salaried employees, small-scale industries, etc.

22. Type 7. Exchange Banks These banks are concerned with
financing foreign trade.
Their functions are:
Remitting money from one country
to another country.
Buying and Selling Gold and Silver.
Helping Import and Export Trade.

23. Type 8. Consumers Banks
Consumers banks are usually found only in advanced countries like U.S.A. and Germany. The main objective of this bank is to give loans to consumers for the purchase of the durables like Motor car, Television set, washing machine, furniture, etc. The consumers have to repay the loans in easy installments.

24. PART 3

25. E-BANKING

26. DEFINITION

27. E-banking is an electronic banking sytem. It is also called
"Virtual Banking" or
"Online Banking".
It involves information technology based banking.
Under this I.T system, the banking services are delivered by way of a Computer-Controlled System.

28. This system does not involve direct interface with the customers.
The customers do not have to visit the bank's premises.

29. The services covered under E-Banking include

30. Automated Teller Machines
Credit Cards,
Debit Cards,
Electronic Funds Transfer (EFT) System,
Mobile Banking,
Internet Banking,
Telephone Banking, etc.

31. Advantages of E-Banking
The main advantages of E-banking are:
A lower operating cost.
Customers’ conveniency.
Very low incidence of errors.
Acquisition of funds at any time.
The credit cards and debit cards enables the Customers to obtain discounts from retail outlets.
The customer can easily transfer the funds from one place to another place electronically.

32. KEY WORDS
TRADE:The business of buying and selling commodities; commerce.
INDUSTRY:Commercial production and sale of goods.
CURRENCY:The official currency, coins, and
negotiable paper notes issued by a government.

33. A COIN:A small piece of metal, usually flat and circular, authorized by a government for use as money.