1. TYPES OF BANKS AND ACCOUNTS

2. CLASSIFICATION OF BANKS
A) As Per Second Schedule Of Reserve Bank Of India Act
Scheduled banks
Non-scheduled banks(their number has decreased to 2 only at present
B) On The Basis Of Domicile
Foreign banks
Domestic banks

3. C) On The Basis Of Ownership
Public sector banks
Private sector banks
Cooperative banks
D) On The Basis Of Functions And Functional Area
Commercial banks 4)exchange banks
Industrial banks 5)savings banks
Agricultural banks 6)central banks

4. STRUCTURE OF BANKINg SYSTEM
Unit banking
Branch banking
Chain banking
Group banking
Correspondant banking

5. TYPES OF BANK ACCOUNTS Fixed or time deposit account
Saving bank deposit account
Recurring deposit account
Flexible account
ATM(automatic teller machines)

6. THANK YOU

7. Procedure to open an account
1. Application in the prescribed form
2. Introduction of the applicant
3. Specimen signatures
4. Submitting the photographs
5. Making the initial deposit

8. OPERATION OF BANK ACCOUNTS
Pay-in-slip book
Cheque book
Pass book
ADVANTAGES OF A BANK ACCOUNT
Safety of money
To cultivate habit of saving
Securing loans and overdrafts
Collection of cheques etc
Facility in making payments
Safe custody of valuable articles
Providing credit information and letter of credit