BUSINESS ASPECT IN BANKING AND INSURANCE ......Features Recurring deposits are accepted in equal...
Transcript of BUSINESS ASPECT IN BANKING AND INSURANCE ......Features Recurring deposits are accepted in equal...
B U S I N E S S A S P E C T I N
B A N K I N G A N D I N S U R A N C E
S Y B M S
P R O F E S S O R I N C H A R G E :
R U P A M A D A M
Group Members
Name
Amir Qureshi
Rehan Patel
Shrikanth Golpindi
Prasad Naik
Arshi Kulabkar
Roll No
23
21
10
19
40
AXIS BANK
Axis Bank was the first of the new private banks to have
begun operations in 1994, after the Government of India
allowed new private banks to be established.
The Bank has strengths in both retail and corporate
banking and is committed to adopting the best industry
practices internationally in order to achieve excellence.
AXIS BANK
The Bank's Registered Office is at Ahmedabad and
its Central Office is located at Mumbai. The Bank has
a very wide network of more than 1000 branches.
The Bank has a network of over 4055 ATMs
providing 24 hrs a day banking convenience to its
customers. This is one of the largest ATM networks
in the country.
Accounts & Deposits
Axis Bank offers various Accounts & Deposit
plans that you can choose from depending
on the term period, nature of deposit and its
unique saving and withdrawal features.
Accounts
Zero Balance Savings Account
Prime Savings Account
Demat Account
Zero Balance Savings Account
These accounts are primarily meant to inculcate a sense of
saving for the future, accumulating funds over a period of
time. The account while offering you a whole range of
services also addresses fulfill your need of having an
account without the hassle of maintaining an average
quarterly balance.
Features
No Average Quarterly Balance requirement
Free International Debit Card with an Accidental Insurance
cover up to Rs 2 lakhs
Free mobile banking facility
Access through more than 1000 branches and over 4055
ATMs (as on 31st March 2010)
Features
24x7 Telebanking & Internet banking
Free quarterly statements
Prime Savings Account
Axis Bank, always strived to pace their products
with the growing needs of the customers. The
Prime Savings account has therefore been created
with customers specific financial requirements in
mind.
Features
Through the 'At Par' cheque facility, you have the unique
advantage to encash your cheques upto Rs. 1,00,000 as a
local cheque at more than 330 centres where the bank has a
presence at no extra cost.
The Prime Savings Account eases your banking experience by
providing you a passbook and monthly statement of
account to keep you updated on all your transactions and
assist you better in managing your finances.
Features
Access through more than 1000 branches and over
4055 ATMs (as on 31st March 2010)
24x7 Telebanking & Internet banking .
Demat Account
Axis Bank is a registered member (Depository Participant) of
NSDL. In this system, physical security holdings are
converted into electronic (or in other words, dematerialized)
holdings. Axis Bank has been enrolled as a Depository
Participant by the NSDL - India's first depository. You can
avail of all the depository-related services by just opening an
account with NSDL through Axis Bank.
Features
Transfer of shares and settlements: Transfer and
settlements have never been easy as it is under the depository
system. If you are selling securities then it has to be a delivery
instruction slip. If you are purchasing securities it has to be a
receipt instruction slip.
Receipt of Corporate Benefits: Even securities entitlements
like bonus and rights can be credited to your demat account
electronically.
Features
Dematerialisation of shares: You can convert your
physical holdings into electronic form.
Rematerilialisation: You have the option to convert your
electronic shares back to physical shares.
Pledge: You can also avail loan against shares by pledging
shares in your demat account.
Deposits
Fixed Deposits
Tax Saver Fixed Deposit
Recurring Deposit
Fixed Deposits
Axis Bank offers you simple reinvestment Fixed
Deposits (at very competitive interest rates), which
can be opened with a minimum investment of
Rs 10,000. You can make additions to your deposit
in multiples of Rs 1,000 each. The tenure of your
deposit must be a minimum of 6 months.
Features
Reinvestment Deposits: In a reinvestment deposit, the
interest accrued to your deposit at the end of each quarter
is invested along with the principal.
Automatic Rollover: As a Fixed Deposit holder, you can
avail of the facility for automatic rollovers on maturity (for
both the principal and interest).
Features
Withdrawals: All encashments or withdrawals of Fixed
Deposits can only be made at the branch where the deposit
was booked.
Tax Saver Fixed Deposit
In the Finance Bill of 2006, the government had
announced Tax benefits to Bank Term Deposits
which are of over 5 year tenure u/s 80C of IT Act,
1961
Features
Fixed tenure without premature withdrawal.
Amount limited to Rs. 100 minimum and Rs. 100,000
maximum.
Bank will issue a Fixed Deposit Receipt that shall be the basis of
claiming tax benefit.
Term deposit under this scheme cannot be pledged to secure a
loan.
Recurring Deposits
Axis Bank's Recurring Deposit scheme will allow you
with an opportunity to build up your savings through
regular monthly deposits of fixed sum over a fixed
period of time.
Features
Recurring deposits are accepted in equal monthly installments of
minimum Rs 1,000 and above in multiples of Rs 500 thereafter.
The fixed number of installments for which a depositor can opt
are 12, 24, 36, 39, 48, 60, 63, 72, 84, 96, 108 and 120 months.
Transfer of Accounts - a recurring deposit account can be
transferred from one office of the Bank to another branch.
Features
The amount of installment once fixed, cannot be changed .
The total amount repayable to a depositor, inclusive of
interest, depends on the amount of monthly installments
and the period of deposit.
Cards
Axis Bank’s range of Cards help you meet your
financial objectives. So whether you are looking
to add to your buying power, conducting
cashless shopping, or budgeting your
expenditure, you will find a card that suits you.
Credit Cards
Platinum Advantage Credit Card
Easy Platinum
Gold Credit Cards
Silver Credit Card
Corporate Credit Card
Platinum Advantage Credit Card
Highest Level of Security : The Platinum Chip offers
clear authentication of credit payments combined with easy
fraud detection.
25% cash back on Movie ticket bookings
c
Platinum Advantage Credit Card
5% cash back on Dining at all restaurants
5% Savings on Fuel Spends: Enjoy 5% benefit on your
fuel spends in the form of 2.5% cash back and 2.5% Fuel
Surcharge refund.
Easy Platinum
A Credit Card that's very Easy to get with minimal
documentation and guaranteed approvals. With the
Easy Credit Card, you get a host of benefits,
attractive rewards and exciting offers every month!
Features
Guaranteed Approval: Axis Bank Easy Credit Card is 100% assured.
Easy Documentation:
No Income proof
No additional address proof
No additional identity proof
Lower Interest Rate of 1.95% Per Month
Gold Credit Cards
Axis Bank presents an exclusive credit card for
exclusive people - Gold Credit Card. With it you can
access special features and avail the best benefits.
Features
Global Acceptance: The Axis Bank Gold Credit
Card is accepted at over 23 million VISA accepting
merchant establishments world-wide.
Petrol Surcharge Refund: 2.5% fuel surcharge
refund for Fuel transactions between Rs. 400 and
Rs. 4000 at all petrol pumps across India.
Features
Comprehensive Insurance Cover: Axis Bank Gold Credit
Card includes a package of insurance benefits to set you mind at
ease. The table below enumerates the benefits provided on Axis
Bank Gold Credit Card.
S. No. Cover Type Amount (Rs.)
1 Air Accident Cover 25,00,000
2 Credit Shield 40,000
3 Lost Card Liability 1,00,000
Total 26,40,000
Silver Credit Card
Presenting, Axis Bank's Silver Credit Card. Now, you
can experience freedom like never before. Freedom
from cash, long queues and all other hassles.
Features
Global Acceptance: The Axis Bank Silver Credit Card
is accepted at over 23 million VISA accepting merchant
establishments world-wide.
Comprehensive Insurance: Cover Axis Bank Silver
Credit Card includes a package of insurance benefits to
set you mind at ease.
Corporate Credit Card
Axis Bank's Corporate Card offers the best travel and
expense management solution to corporates with
global acceptance and customized solutions powered
by VISA.
Features
Streamlining Payments: Your company will be able
to track travel and entertainment expenses to enable you
to manage and control your business travel-related
expenses more efficiently.
Savings through Online Bookings: Your
organization can get significant savings on Airlines and
Hotel booking by buying tickets or booking hotels online.
Debit Cards
Priority Platinum Chip Debit Card
Priority Debit Card
Classic Debit Card
Gold Debit Card
Business Gold Debit Card
Priority Platinum Chip Debit Card
The Priority Platinum Chip Debit Card is the first
chip-based platinum debit card in the country. It not
only provides you the added level of security through
the embedded chip but also provides you a host of
other benefits.
Features
Free Unlimited Domestic and International ATM
Usage
Higher Transaction Limits
Enhanced Insurance Coverage
Special Offers
Features
Rewards Programme
24-Hour Emergency Helpline
Customer Service Contact
Priority Debit Card
The Priority Banking Debit Card is an International
Visa Debit card meant exclusively for Priority
Banking customers. It comes with a host of enhanced
benefits
Features
Free usage at all Visa ATMs: The Priority Banking
debit card gives you free usage at all Visa ATMs in India,
even at ATMs of other banks.
Zero Fuel Surcharge: On using your Gold Debit Card
for fuel purchases, you get a full waiver of fuel surcharge
that would be normally applicable otherwise.
Features
Higher Transaction Limits: The daily ATM Cash
Withdrawal Limit has been enhanced to Rs 50,000
per day at all Axis Bank ATMs.
Classic Debit Card
Modern times necessitate that you need to have
access to your money anytime and any where. The
Axis Bank International Debit Card addresses this
need.
Features
A deposit access program, the Debit Card redefines
convenience. Apart from being an ATM (Automated
Teller Machine) Card used for withdrawing cash, it
also enables you to shop and make cashless
purchases. You can use the card to make payments at
shops, department stores, restaurants, petrol pumps
and many more outlets in India and overseas.
Gold Debit Card
Axis Bank's Gold Debit Card is more than just a debit
card. It comes with a host of enhanced benefits and
exclusive reward program. Meant for valued Axis Bank
customers, it is a result of our constant endeavour to
understand your requirements and design products
and services with you in mind.
Features
Flexibility of usage
Worldwide reach
Reward program
Zero Fuel Surcharge
Additional safety and enhanced insurance
Features
Enhanced limits for cash withdrawal
24-Hour Emergency Helpline
Customer Service Contact
The Business Gold Debit Card is an effort from Axis
Bank, available only to its most privileged current
account holders, the Business Gold Debit Card
mirrors great business success and achievement with
a host of enhanced benefits and exclusive value
deals.
Business Gold Debit Card
Features
Instant identification
Flexibility of usage
Worldwide reach
Zero Fuel Surcharge
Special offers and discounts on card usage
Features
Reward program
Additional safety and enhanced insurance
Enhanced limits for cash withdrawal
24-hour customer service
Customer Service Contact
Loans
Home Loan
Car Loan
Personal Loan
Loan Against Shares
Home Loan
Axis Bank's Power Home puts an end to your
Real Estate troubles. Augment your reach and
buy the house that you've set your heart on.
Features
Features of Power Home Loan
Attractive interest rates
Balance Transfer facility
Doorstep service
Nil Prepayment charges
Car Loan
Axis Bank's Power Drive will help realize your dream.
With some of the world's finest cars now available in
India don't let the price tags discourage you. Power Drive
will bridge that distance by financing a major part of the
cost of your new car. So, you don't have to put the brakes
on your ambition.
Features
Attractive interest rates
Loans available for salaried and self employed
individuals, proprietorships and partnership firms
Special schemes for Axis Bank Salary accountholders
No income proof schemes available
Loans offered from Rs. 1 lakhs onwards
Loans tenure from 1 year to 7 years.
Personal Loan
Presenting Axis Bank's personal Loans. Go on your
dream holiday, buy the latest lifestyle gizmo, gift
your wife a lovely diamond ring, renovate your house
or just squash a temporary cash crunch. Let us give
you a helping hand. Our personal loans will meet all
your personal requirements.
Features
Loans for salaried individuals of select companies
Special loans for doctors, chartered accountants,
engineers, architects.
Loans are available from Rs 1 lakhs to Rs 20 lakhs
Repayment tenures from 12 to 60 months
Attractive interest rates
Features
Zero balance Saving Bank account facility for
personal loan customers
Simple procedure, minimal documentation and
quick approval
Loan Against Shares
Individuals are only eligible to apply
Overdraft facility against single and combination of
scrips
Interest charged on actual amount utilised - no EMI
or post dated cheques required
Loan Against Shares
Shares can be pledged from any Depository
Participant across the country
Special scheme for Axis Bank Priority and Wealth
customers
Other Facilities
Axis Bank apart from their main functions of
accepting deposits and lending carry out various
other functions such as:-
Internet Banking
Safe Deposit Locker
Internet Banking
Want to reach your bank in a split-second? Use the
mouse! Using the Internet, you can look-up the
status of your account, submit queries and undertake
a wide range of transactions.
Features
Online Balance inquiry for Savings Bank Account, Current Account, Term Deposits, Loan Account.
Online Transaction Query
Depository Account Statement of Holding
Transactions Statement
Status of Instruction Display
Safe Deposit Locker
A Safe Deposit Locker with Axis Bank is the solution
to your concern. Located at select branches in cities
all over the country, our lockers ensure the safe
keeping of your valuables.
Features
Wide Availability: As on May 31, 2010 lockers are
available at 944 branches and extension counters.
Lockers available in various sizes.
Direct debits for locker rentals from your account rid
you of the hassles in writing out cheques.
Extended banking hours to operate lockers.