Deposit Management 73

2 , R e t a i l D e p o s i t A c c o u n t s : T h i s t y p e o f de p o s i t a c c o u n t i n c l u de s t h e d e p o s i t s f r om t h e
members of the general public of the society.
From the following chart, we can understand the types of wholesale and retail accounts:

Deposit

Wholesale Accounts Retail Accounts

I
# Regular transaction
Transaction - accounts with
Accounts C u r r e n t Afacilities
chcquing ccount
Industrial & # Special chequing
commercial accounts
organ:zations' #Dcposit
Bank service
Accounts Certificate
account
Savings # NOW Account
Accounts
T l # Super NOW
Cur re nt Depo si t A cc ount
Account

1
Dcposit # Money market
Accounts of Time
Deposit Dcposit
accountAccount

_
-government
units
Term Accotcnts Treasury Deposit
# 7- 31 days duration
# 31 days & above
Other Financial Current accounts of
duration
Institutions' correspondent banks
accounts
Balances of foreign
central and other banks
From the above chart, we can say that, commercial
banks introduce newer types of products over the years to collect more deposits. Deposit management
process is becoming very much competitive. Tanks are now engaged in the invention of newer types of
deposit schemes to attract more deposits compared to their competitors.

5.5 Deposit Processing

Deposit processing starts from opening new accounts and ends in designing the framework of all the
activitie s incl uding the•che qui ng deposits and withdrawals. If we observe, we can see that , all the