Bank Branch Management - Deposits - Online

This e-learning course 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.

This is an asynchronous eLearning course that can be accessed 24/7 from any internet enabled computer.

Available TodayOnlineUSD$100
Instructional Method:
Self-Study
Level: Basic
CPE Credits: 8

Those who are interested in understanding the operations of a bank branch with respect to deposits.
Students will be able to:
  • Understand the procedure of opening different types of accounts with a bank
  • Discuss various types of deposits
  • Understand the advantages and disadvantages of different types of deposits
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    • Overview of Deposit Function
    • The relative importance of different sources of funds to a bank
    • Deposit-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

    Demand Deposits

    • 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

    Time Deposits

    • 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

    Types of Deposits – Advantages and Disadvantages

    • Checking deposits
    • Saving deposits
    • Fixed deposits

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