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Doc1 Final Plastic Money d

Doc1 Final Plastic Money d

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Published by: dishz127 on Dec 10, 2010
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11/06/2012

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 -DISHA PANIKER T.Y.B.B.I (V SEM) 
PLASTIC MONEY
(With special reference to CreditCards, Debit Cards & ATM Cards)
 
PLASTIC MONEY 
Everybody has talked about the checkless,cashless society. They said it would be here 10years from now. We think it’s here today.—John G. McCoy, chair of City National Bank and Trust, Columbus, Ohio (1973)
2 
 
PLASTIC MONEY 
CHAPTER 1INTRODUCTION TO BANKING SYSTEM
BANKING:
“Accepting for the purpose of lending or investment of deposits of moneyfrom public, repayable on demand in the form of cheques, drafts or orders.”Today banks have become a part and parcel of our life. There was a time whenthe dwellers of the city alone could enjoy their services. Now banks offer access to every common man and their activities extendto areas hitherto untouched. Apart from their traditional business orientedfunctions, they have now come out to fulfill national responsibilities.
INDIAN BANKING SYSTEM:
Banking system plays a vital role in the economic development of acountry. The structure of the banking system in India consists of two parts:
Unorganized sector 
Organized sector The unorganized sector comprises money lenders and indigenous bankers. Theorganized sector consists of Commercial banks, Co-operative banks andRegional rural banks.
COMMERCIAL BANKS:
3 

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