Read and download CBSE Class 12 FMM Banking Operations in NCERT book for Class 12 Other Subjects. You can download latest NCERT eBooks chapter wise in PDF format free from Studiestoday.com. This Other Subjects textbook for Class 12 is designed by NCERT and is very useful for students. Please also refer to the NCERT solutions for Class 12 Other Subjects to understand the answers of the exercise questions given at the end of this chapter
NCERT Book for Class 12 Other Subjects Banking Operations
Class 12 Other Subjects students should refer to the following NCERT Book Banking Operations in Class 12. This NCERT Book for Class 12 Other Subjects will be very useful for exams and help you to score good marks
Banking Operations NCERT Book Class 12
CHAPTER-2
Banking(Operations)
Learning Objectives :
After studying this Chapter you will be able to
. list out the new instruments offered by banks;
. understand the types of loans given by banks; and other financial services.
. know the meaning of and different types of personal banking services.
. appreciate the meaning and importance of NRI banking.
explain the meaning and importance of corporate banking.
. understand the meaning and advantages of mobile banking, internet banking at Core banking
2.1 Deposits
For investment of surplus funds or to create a fund for future needs like children’s’ education and marriage, construction of house, business, etc one can find plenty of opportunities to deposit money banks under various deposit schemes. Now a days almost all banks are computerized, core banking/ network banking system is introduced which helps the people to deposit money at their own convenient locations.
2.2 Types of Deposits
The following are some of the deposit schemes available in banks:
1. Current Account
2. Savings Account
3. Term Deposit/Fixed Deposit/ Recurring Deposit Account
4. Multi Option Deposit Account
The first three accounts were already discussed in Class XI and the last type is discussed below:
Multi Option Deposit Scheme is a term deposit which is not fixed at all and comes with a unique break-up facility which provides full liquidity as well as benefit of higher rate of interest, through the savings bank account. One can also keep that deposit intact by availing an overdraft facility, to meet occasional temporary funds requirements. Individual banks have their own deposit schemes to suit the current as well as future needs of the people. You may visit nearby branches of the banks and collect information about different types of deposit accounts to ascertain the comparative advantages and limitations of the different types of deposit schemes.
2.3 Loans
Banks have variety of schemes under Personal Finance to satisfy varying needs of the banking public. Banks provide credit in the form of overdraft or loans. Overdraft facility is generally provided on current account. Overdraft is a service provided by a bank to utilize money even when there is no balance in the customer’s account. It is a form of credit and one has to pay interest for the overdraft drawn. It is an arrangement made to cover the cash shortages. The rates differ from bank to bank and depend on the time period also. It is not suitable for long period of time. Bank loan is the money which one borrows from the bank for a specific purpose for specific period with agreement for interest and repayment periods etc.
Please refer to the link below for - CBSE Class 12 FMM-Banking Operations
Other Subjects NCERT Book Class 12 Banking Operations
The above NCERT Books for Class 12 Other Subjects Banking Operations have been published by NCERT for latest academic session. The textbook by NCERT for Banking Operations Other Subjects Class 12 is being used by various schools and almost all education boards in India. Teachers have always recommended students to refer to Banking Operations NCERT etextbooks as the exams for Class 12 Other Subjects are always asked as per the syllabus defined in these ebooks. These Class 12 Banking Operations book for Other Subjects also includes collection of question. We have also provided NCERT solutions for Class 12 Other Subjects which have been developed by teachers of StudiesToday.com after thorough review of the latest book and based on pattern of questions in upcoming exams for Class 12 students.
NCERT Book Class 12 Other Subjects Banking Operations
The latest NCERT book for Banking Operations pdf have been published by NCERT based on the latest research done for each topic which has to be taught to students in all classes. The books for Class 12 Other Subjects Banking Operations are designed to enhance the overall understanding of students. All Class 12 NCERT textbooks have been written in an easy to understand language which will help to enhance the overall level of Class 12 students.
Banking Operations NCERT Book Class 12 Other Subjects
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Class 12 Other Subjects Banking Operations NCERT Book
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Class 12 Banking Operations NCERT Book Other Subjects
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