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Library Overview

This e-learning course on BBM - Deposits is designed to help users understand the overview of deposit function of a bank, various types of deposits and their advantages and disadvantages. An in-depth discussion of procedure of opening various types of accounts with a bank branch is provided.

Learning Objective

Overview of deposit function of a bank branch
Various types of deposits
- Demand deposits
- Time deposits
Advantages and disadvantages of different types of deposits

Target Audience

Those who are interested in understanding the operations of a bank branch with respect to deposits.

1. Overview of Deposit Function

This course provides an understanding of:

The relative importance of different sources of funds to a bankDeposit-taking function of a bank
Importance of deposits for the depositors and for the country's economy
The different kinds of customers who can open deposit accounts
The mode of operation of joint accounts
The advantages of nomination for sole account holders

Duration: 1 hour

2. Demand Deposits

This course provides an understanding of:

Essentials of a cheque and types of cheque crossings
Key requirements for opening deposit accounts of individuals
Requirements for opening deposit accounts of various legal entities
Modes of operation of joint deposit accounts of individuals
Need for nomination in individual deposit accounts
Closure of demand deposit accounts

Duration: 1 hour

3. Time Deposits

This course provides an in-depth understanding of the various types of time deposits. The topics covered in this course include:

Definition, features, and legal aspects of fixed deposits Opening of fixed deposit accounts and issuance of fixed deposit receipts
Payment and renewal of fixed deposits
Pre-payment of fixed deposits
Features of recurring deposits
Certificate of deposits
Features of flexi-deposits
Features of Non-resident deposits: Foreign Currency Non-resident (FCNR) deposits and Non-resident Rupee External (NRE) deposits

Duration: 1.5 hours

4. Types of Deposits - Advantages and Disadvantages

This course provides an understanding of advantages and disadvantages of the following types of deposits:

Checking deposits
Saving deposits
Fixed deposits

Duration: 1 hour