Bank Liability Product: - What a bank owes, including most notably customer deposits.

Bank liabilities are typically listed on the right-hand side of a bank's balance sheet. Commercial banks offer a variety

of "liability products" to consumers. These products are known as "liability products" because they represent liabilities of the bank. Consumers generally know them as "deposit" products. Typically, liability products include checking and savings accounts, money market accounts and certificates of deposit (CDs). Bank liability products are useful to consumers since they provide a safe place to keep their funds and give them the opportunity to earn interest on cash that they may not immediately need. Liability products also give consumers access to cash via checks and ATMs, and except for most checking accounts, they allow consumers to earn interest on their deposits. Savings account Savings account has been designed to help people save for their future financial requirements. Under this account, bank gives free ATM cum debit card. The account can also be accessed through internet banking facility. The rate of interest is product based under this account. On the other hand, savings plus account gives the facility of savings account along with term deposit account. Any surplus funds in the account exceeding the threshold limit, for a minimum amount of Rs.10,000 and in multiple of Rs.1000 in any one instance, are transferred as term deposit and earns interest as applicable to term deposits. Current account Non interest-bearing bank account which write checks against the funds in the account allows the accountholder to

Individuals, public and private limited companies, partnership firms, and trusts Overdraft facility is a short-term credit instrument to secure the liquidity you need for your operational business @1.5% p.a Term deposit Earn higher income on surplus funds Bank offers flexibility in period from 7 days to 10 years can be opened with a nominal amount of Rs. 1000/ Against your fixed deposit you can take loan/overdraft during your urgent financial requirement.