Pampapathi Diposit Scheme of Suko Bank

DEPOSITED SCHEMES OF SWAMI VIVEKANAND CO-OP CERDIT SOCIETY LTD.
CHAPTER - 1
RESEARCH DESIGN
INTRODUCTION
Banking in India
Originated in the last decades of the 18th century. The first banks were The
General Bank of India, which started in 1786, and Bank of Hindustan, which
started in 1790; both are now defunct. The oldest bank in existence in India is
the State Bank of India, which originated in the Bank of Calcutta in June 1806,
which almost immediately became the Bank of Bengal. This was one of the
three presidency banks, the other two being the Bank of Bombay and the Bank
of Madras, all three of which were established under charters from the British
East India Company. For many years the Presidency banks acted as quasi-
central banks, as did their successors. The three banks merged in 1921 to form
the Imperial Bank of India, which, upon India's independence, became the State
Bank of India in 1955.
HISTORY OF BANKING
Indian merchants in Calcutta established the Union Bank in 1839, but it failed in
1848 as aconsequence of the economic crisis of 1848-49. The Allahabad Bank,
established in 1865 and still functioning today, is the oldest Joint Stock bank in
India.(Joint Stock Bank: A company that issues stock and requires shareholders
to be held liable for the company's debt) It was not the first though. That honour
belongs to the Bank of Upper India, which was established in 1863, and which
survived until1913, when it failed, with some of its assets and liabilities being
transferred to the Alliance Bank of Simla. When the American Civil War
stopped the supply of cotton to Lancashire from the Confederate States,
promoters opened banks to finance trading in Indian cotton. With large
Sri Sanjeev M.Com College, Lingasugur Page 1

exposure to speculative ventures, most of the banks opened in India during that
period failed. The depositors lost money and lost interest in keeping deposits
with banks. Subsequently, banking in India remained the exclusive domain of
Europeans for next several decades until the beginning of the 20th century.
Foreign banks too started to arrive, particularly in Calcutta, in the 1860s. The
Comptoire d'Escompte de Paris opened a branch in Calcutta in 1860, and
another in Bombay in 1862; branches in Madras and Pondicherry, then a French
colony, followed. HSBC established itself in Bengal in 1869. Calcutta was the
most active trading port in India, mainly due to the trade of the British Empire,
and so became a banking centre.
Introduction of Deposit Scheme
CURRENT DEPOSIT
An account generally opened by business people for convenience. Money can

be withdrawn and deposited at any time. Withdrawal is possible only by means
of cheques. Banker generally does not allow any interest on this account. Two
basic privileges which customers can enjoy are:- Overdraft facility.- Other
facilities like collection of cheques, transfer of money and rendering agency and
general utility services.
RECURRING DEPOSIT
One form of time deposits to encourage monthly savings. Depositors save and
deposit regularly every month so that they are assured a sizeable amount at a
later period in order to meet contingent expenses. Very popular type of account
among all classes of people, especially salaried class. Deposit works on the
maxim “little drops of water make a big ocean‟. Any person can open this
account/ can have more than one account at a time/ can be opened in joint
names as well.

FIXED DEPOSITS
Repayable after the specific time period. Term/ Time/ Fixed Deposits.
Emergency Closure. Penalty. Interest payable. Possibility of monthly
payment. Nomination Facility.
OTHER DEPOSITS: 2-in-1 deposits, Smart Deposits, Power Saving Deposits,

automatic Sweep Deposits etc.
Bank Deposits: Deposits – It is a major source of funds for banks
Types of Deposits: Demand Deposit – Time Deposit: Demand Deposits further

sub-divided – Current Deposit – Saving Deposit
Pricing of the deposits: Banks need to monitor the cost of their funding
sources because of – Change in cost of funding would require changes in assets
yield – It can alter liability mix and liquidity – It will affect competitiveness of
the bank in the market

Factors to be considered while deciding pricing of deposits: Service cost and

minimum balance requirement- Deposit volume - Lending and investment
avenues - Relationship with customer In case of new product, promotional
pricing - Product differentiation
Factors affecting bank deposits: Increase in national income - Expansion of

banking facility - Increase of banking habit - Increase in the relative rate of
return on deposit - Increase in deficit financing - Increase in bank credit - Inflow
of deposits from NRIs
Measures to increase bank deposits: Offering properly graded interest rate on

term and saving deposit - Raising deposit insurance cover - Discontinuing TDS
in respect of interest income from deposits - Improving internal efficiency and
reducing bad debts and frauds - Improving customer service
General guide lines for opening deposit accounts: “Know Your Customer”
guidelines issued by RBI to be followed, the objective is prevent financial fraud,
identify money laundering and criminal activities and monitoring large value
cash transactions
Deposit Insurance: In case of bank failure to protect the saving of small

depositors either fully or in part, Mostly Govt. established and managed.

SWAMI VIVEKANANDA PATTINA SAHAKARI SANGA NI KAVITAL

bank Deposit scheme:
Fixed Deposits
Any Individual/Firms/Societies/Institutions can open a FD with a minimum of

Rs.1000/- at higher ROI. For Senior Citizens/Societies/Institutions/Physically
Challenged can get 0.5% additional interest on their deposits.
One major positive thing is TDS on interest earning from fixed Deposit is not
applicable to our Members.
Recurring Deposits
Any Individual/Firms/Societies/Institutions can open a RD with a minimum of
Rs.100/- at higher ROI. For Senior Citizens/Societies/Institutions/Physically
Challenged can get 0.5% additional interest on their deposits.

Existing Rate of Interest

Sr.Citizens/Institution & Co-
Period General operative Societies-Bulk (15
Lakh & Above)

31 Days to 90 Days 8% 8.5%
91 Days to 180 Days 8.25% 8.75%
181 Days to 360Days 9.75% 10.25%
1 Year to 2 years 10% 10.5%
2 Year to 3 years 9.50% 10%
3 Year to 5 years 9% 9.5%
Above 5 Years 8.5% 9%
STATEMENT OF THE FROBLEM:

The comprehensive statement of the problem can be thus started as

“DEPOSITED SCHEMES IN SWAMI VIVEKANANDA PATTINA
SAHAKARI SANGA NI KAVITAL BANK” in MANVI city.
OBJECTIVES:
1. To know the different types of deposits and rate of interest paid

to the customers.
2. To know the different deposited schemes provided by the bank.
3. To know the customer interaction towards deposited.
4. To know the repayment period of deposit amount to the
customers.
5. To offer suggestion, findings, and recommendations.
6. To find out the main reason for customers deposited amount in
SWAMI VIVEKANANDA PATTINA SAHAKARI SANGA NI
KAVITAL Bank.

NEED OF THE STUDY:
 The study helps to suggest the bankers for improvement of services

 Customer satisfaction showing the customer thinks about the bank.
 Customer satisfaction discovering the want service they consider most
important.
 Allows to improving the business.
SCOPE OF THE STUDY:
The study covers exclusive in understanding the customer satisfaction towards

various deposits in SWAMI VIVEKANANDA PATTINA SAHAKARI
SANGA NI KAVITAL bank. Its eligibility criteria for various categories that
are salaried, self employed and also customer feedback about the SWAMI
VIVEKANANDA PATTINA SAHAKARI SANGA NI KAVITAL bank. The
data was mainly collected from primary source and some theoretical analysis
was referred from secondary source

RESEARCH METHODOLOGY:
Methodology means the methods, ways or sources adopted or used to carry on

or undertake any project work. So the methodology or sources of the data that
has been collected is from two sources.
1. Primary data
2. Secondary data
PRIMARY DATA
So in this primary data collection source is the personnel wing of the
organization. Here we can collect the data directly.
SECONDARY DATA
This is the data which is already available from different sources. This data has
already been collected and analyzed. ANNUAL REPORT OF SWAMI
VIVEKANANDA PATTINA SAHAKARI SANGA NI KAVITAL BANK
JOURNALS AND MAGAZINES RELATED TO BANKING SECTOER.
 News papers
 Internet
 Magazines
 Books

LIMITATIONS OF THE STUDY:
1. This study mainly depends of secondary data such as annual reports of the
bank , notifications issued by SWAMI VIVEKANANDA PATTINA
SAHAKARI SANGA NI KAVITAL BANK
2. The primary data is collected from the responsible authorities of the banks
subject to their maximum disclosure limit.
3. The other constrains are the time within the available time, maximum
possible information is collected.
4. The ratios are not compared with the banking industry.
LIMITATIONS OF THE STUDY:
1. This study mainly depends of secondary data such as annual reports of

the bank , notifications issued by SWAMI VIVEKANANDA PATTINA
SAHAKARI SANGA NI KAVITAL BANK
2. The primary data is collected from the responsible authorities of the
banks subject to their maximum disclosure limit.
3. The other constrains are the time within the available time, maximum
possible information is collected.
4. The time confined is limited.
Less information available for secondary sources

CHAPER SCHEME:
A. Where In the project, beginning which contains introduction of the

Financial Performance Analysis.
B. Why should we have to study the Deposited schemes shows in the
statement of the problem.
C. The basic objectives of Deposited schemes are mentioned.
D. Why should we need the Deposited schemes tells in the Needs of the
study.
E. Deposited schemes which cover area says in scope of the study.
F. The methods used for study of the research methodology.

CHAPTER - 2
INDUSTRY AND COMPANY PROFILE
INDUSTRY PROFILE:
INTRODUCTION
Banking in India originated in the last decades of the 18 th century. The first
bank was the GENERAL BANK OF INDIA which started in 1786, and the
bank of Hindustan both of which are now defunct.
The oldest bank in existence in India is the state bank of India, which originated
in the bank of Calcutta in June 1806, which almost immediately became the
bank of Bengal. This was one of the three presidency banks, the other two
established under charters from the British east India Company.
For many years the presidency banks acted as quasi-central banks, as did their
successors. The three banks merged in 1921 to from the imperial bank of India,
which upon Indian’s independences, became the state bank of India.
1. Co-operative Societies Act

We have a number of Co-operative Societies Acts functional in different states
like
- Maharashtra Co-operative Societies Act, 1960,
- Pondicherry Co-operative Societies Act, 1972,
- Karnataka Co-operative Societies Act, 1959,
- Delhi Co-operative Societies Act, 1972,
- Kerala Co-operative Societies Act etc.
When the area of operation is restricted to one state, the State Co-operative Act
& Rules, under which the society is registered, will be applicable.

In a particular state, if Co-operative Act and Rules is not enacted, the Central
Act which is known as The Co-operative Act, 1912 and its rules will be
applicable. When the area of operation of Society is spread in two or more
states. The Multi-State Co-operative Societies Act, 2002 and its rules shall be
applicable.
2. Co-operative Societies Rules

A set of rules is also framed under the respective State Co-operative Act for
procedural aspects.
3. Bye-laws
Each society also registered with the bye-laws for internal management of the
societies duly approved by the registrar at the time of registration of the society.
The bye-laws of a society constitute a contract between a member and the
society and it provide for the management of the society. The bye-laws are
Framed within the provisions of the Act and the rules made there under. Bye-
laws include the objects of the society and completely define and restrict the
society’s activities, but the rights and liabilities of members are determined by
the Act and Rules and not by the bye-laws as such.
4. Notification and Orders issued from time to time by the Government, or

any other Authority as prescribed under the Act, Rules there under

PROVISIONS FOR REGISTRATION OF CO-OPERATIVE SOCIETIES
There are different types of Co-operative Societies, which can be registered

under the Maharashtra Cooperative Societies Act, which were explained earlier.
In all these types of societies, the procedure to be followed for formulation of
registration proposals slightly differs. The requirements in respect of each type
of co-operative society’s needs to be properly understood by every promoter, or
the professional charged with the responsibility of getting the
Society registered (chief promoter).
PROVISIONS UNDER THE M.C.S. ACT, 1960

Sections 3 to 11of the Act, provide for registration of Societies and the
conditions for the same. Section 4 provides for a nature of an organization,
which can be registered as a Society. Section 6 lays down the conditions for
registration of the Society. Section 8 provides for application for registration
Bye-laws and the registration fees. Section 9 provides for time bound
registration of the Society and the bye-laws.

PRINCIPLES OF CO-OPERATIVE SECTOR
1. LEGAL STATUS:
A co-operative Society is a body corporate registered under the applicable state
Act with perpetual succession having a common seal. It can acquire, hold and
dispose of properties, enter into contracts and it can sue and it can be sued.
2. VOLUNTARY ASSOCIATION:
Co-operative Society is essentially an organization or an association of persons
who have come together for the common purpose of economic development or
for mutual help.
3. SELF HELP AND MUTUAL HELP:

The Co-operative society’s office bearers/executive committee is elected as per
democratic election procedure. The Co-operative Society function under the
principle of self help and mutual help which means each will help for
themselves and all will help others.
4. DEMOCRATIC CONTROLS:
The Control of a Co-operative enterprise in not in the hands of capitalists who
can corner the share capital and control the interest in any undertaking which
would be a private undertaking.

5. EQUALITY:
In co-operative Sector, the principle of “One man one Vote “is provided in the
statute so as to ensure that the capital does not dominate the administration of
co-operative Society.
6. OPEN MEMBERSHIP:
Any person can apply for the membership of the Society without any
discrimination. The membership
is open for all.
7. SOCIAL APPROACH / NO PROFIT MOTIVE:

As the Society is working on democratic principle and the office bearers of the
Society will be functioning like a trustee for the better management of the
society and there are no separate benefits to the executive committee members.
Service is the main motto and the profit is not the main concern in
Co-operative societies.
8. PROFITS AND RETURNS TO THE MEMBERS:

Co-operative Society is an association of members and certain percentage
profits earned by the society, as decided in the meeting of the General body will
be distributed in the form of dividend to the members.
9. LIMITED INTEREST ON SHARES:

Irrespective of the shareholding, each member has only one vote in the
decision-making in the General body meeting or at the time of election of the
committee for management. The shares are not traded in the stock exchange.
The State Co-op. Act also prescribes the maximum amount, which a member
can hold as a share capital in any society. Under M.C.S. Act, 1960 as per
Section 28 other than Government or other society shall not hold more than 1/5

of the total capital or interest in shares or exceeding Rs. 20,000/- which the
State Government power to change by way of notification.
10. PERSONAL PARTICIPATION:

The shareholders have to personally attend the meeting or for voting. They are
not allowed to appoint proxies for attending the general body or for voting in
the resolution to be passed.
11. EDUCATIONS AND CO-OPERATION:

Every society has to contribute towards the education fund maintained and
looked after by the district co-operative education Board as per the notification
issued from time to time for educating the members or the office bearers of the
Society.
12. CO-OPERATION AMONGST CO-OP. INSTITUTIONS:

The funds generated or mobilized through the co-operative societies have to be
deposited/ invested in the Co-operative Sector only.
ACT & RULES APPLICABLE
A Co-operative Society functions as per the provisions of

1. Co-operative Societies Act under which the same is registered.
2. Co-operative Societies rules made there under
3. Bye-laws approved by the registrar at the time of registration and

amendments made from time to time and approved by the registrar.
4. Notification and Orders

JURISDICITION
Each Society based on its area of operation has to be registered by the Registrar
appointed by the Government for the particular jurisdiction. For the purpose of
registration of the Societies the City of Mumbai has been divided as per the
Municipal Wards. There is a Deputy or Assistant Registrar of Co-operative
Societies for each Ward who is the Registration Authority for the Co-operative
Societies in that Ward. Normally the office of such Registering Authority (RA)
is situated within the limits of such Ward. However if no space is\ available for
the office of the RA in any ward the office of RA of such Ward is at the office
of Deputy Registrar Co-operative Societies India House 6th floor opposite GPO
Mumbai. Other places in each Taluka one Deputy/Assistant Registrar, Registers
& Supervises the Societies.
SOCIETIES, WHICH MAY BE REGISTERED

As per section 4, a society, which has as its objects the promotion of the
economic interests or general welfare of its members or of the public, in
accordance with co-operative principles or a society established with the object
of facilitating the operations of any such society, may be registered under this
Act: Provided that, no society shall be registered if it is likely to be
economically unsound, or the registration of which may have an adverse effect
on development of the co-operative movement, or the registration of which may
be contrary to the policy directives, which the State Government may, from
Time to time, issue.
REGISTRATION WITH LIMITED OR UNLIMITED LAIBILITY

As per section 5, a Society may be registered with limited or unlimited liability.
As per section 2[28] “society with limited liability” means a society having the
liability of its members limited by its bye-laws; As per section 2[29] “society
with unlimited liability” means a society, the members of which are, in the

event of its being wound up, jointly and severally liable for and in respect of its
obligations and to contribute to any deficiency in the assets of the society;
CONDITIONS OF REGISTRATION
As per section 6 (1):No society, other than a federal society, shall be registered
under this Act, unless it consists of at least ten persons [or such higher number
of persons as the Registrar may, having regard to the objects and economic
viability of a society and development of the co-operative movement, determine
from time to time for a class of societies](each of such persons being a member
of a different family), who are qualified to be members under this Act, and who
reside in the area of operation of society : [Provided that, a lift irrigation society
consisting of less than ten but of five or more such persons may be registered
under this Act.]
(2) No society with a limited liability shall be registered, unless all persons
forming the society reside in the same town or village, or in the same group of
villages.
[(2-A) No crop protection society shall be registered, unless the Registrar is

satisfied, after such inquiry as he thinks necessary, that a draft of the proposal
made by the society for protecting crops, structures, machinery agricultural
implements and other equipment such as those used for pumping water on the
land, was duly published for inviting all owners of land likely to be affected by
the proposal and all other persons likely to be interested in the said lands to join
the proposal or to send their objections or suggestions and that the objections
and suggestions received, if any, have been duly considered by the society and
that the owners in possession of not less than 66 percent in the aggregate of
lands included in the proposal have given their consenting writing to the making
of the proposal and that the proposal made is feasible. For this purpose, the
society shall submit to the Registrar:

(a) a plan showing the area covered by the proposal and the surrounding land as
shown in the map or maps of the village or villages affected;
(b) An extract from the record of rights duly certified showing the names of the
owners of lands and the areas of the lands included in the proposal;
(c) Statements of such of the owners of the lands as consented to the making of
the proposal signed by owners before two witnesses;
(d) A detailed estimate of the cost of implementing the proposal;
(e) A detailed statement showing how the cost is proposed to be met.

When such society is registered, the cost of implementing the proposal shall be
met wholly or in part by contribution to be levied by the society from each
owner of the land included in the proposal, including any such owner who may
have refused to become a member of the society. The owner of every land
included in the proposal shall also be primarily liable for the payment of the
contribution liable from time to time in respect of such land].
(3) No federal society shall be registered unless it has at least five societies as
its members.
(4) Nothing in this Act shall be deemed to affect the registration of any society
made before the commencement of this Act.
(5) The word “limited” or “unlimited” shall be the last word in the name of
every society with limited or unlimited liability, as the case may be which is
registered or deemed to be registered under this Act

COMPANY PROFILE
1. HISTORY OF SWAMI VIVEKANANDA PATTINA

SAHAKARI SANGA NI KAVITAL
Type : co operative bank
Founded : 1997, MANVI
Head quarters : MANVI, Karnataka- 584128.india
Key people : chairman Manohar maski
Industry : banking
Products : loans, savings etc.
Revenue : Rs 7000631 (2007-2008)
Website : SWAMI VIVEKANANDA PATTINA SAHAKARI

SANGA NI KAVITAL bank
SWAMI VIVEKANANDA PATTINA SAHAKARI SANGA NI KAVITAL

will acquire two more urban co operative banks. Vardhaman co operative bank
merged with SWAMI VIVEKANANDA PATTINA SAHAKARI SANGA NI
KAVITAL.
HUBLI: the Vardhaman cooperative bank with two branches in hubli and
Gadag has merged with MANVI urban Souharda co operative bank (SUCO),
which has six branches in the Hyderabad Karnataka region.
Chairman of SWAMI VIVEKANANDA PATTINA SAHAKARI SANGA NI

KAVITAL and Vardhaman bank Manohar maski and A.S.Mantaganikar,
respectively ,told presspersons here the merger took place as per the guidelines
of RBI and the branches of SWAMI VIVEKANANDA PATTINA SAHAKARI
SANGA NI KAVITAL would be functional in may.

Inauguration:
The new branches would known as “Vardhaman branches” of SWAMI

VIVEKANANDA PATTINA SAHAKARI SANGA NI KAVITAL.
Addressing presspersons on the eve of the inaugurations of banks first branch in

Hubli, MR. Maski said that the bank would be acquiring two more urban co
operative banks in Belgaum district and in the Hyderabad Karnataka region
shortly. He said that the Vardhaman co operative bank of hubli, which had
incurred a loss of Rs.6 Crores, had been merged with the Swami Vivekananda
Pattina Sahakari Sanga Ni Kavital and all employees of bank had been retained.
He said that since April the bank had repaid deposits to the tune of Rs, 6 Crores
to old customers and mobilized fresh deposits worth Rs.2.5 Crores. Swami
vivekananda pattina sahakari sanga ni kavital has always been the first
institution to respond to innovative concepts.
Swami Vivekananda Pattina Sahakari Sanga Ni Kavital Is:-
A. the first co operative bank to be registered under Karnataka Souharda

sahakari act 1997.
B. The first bank to adopt the electronic fund transfer scheme.
C. The first ISO certified urban co operative bank in country.

2.6 mission of the bank :-
“ while working on co operative principles to mobilize resources and provide

loans to all borrowers with more focus on micro finance and NFS has also to
provide.
2.7 Business :
The bank, which was the first ISO 9001 – certified urban co operative bank in
the country, had done a business of Rs 105 Crores during the last financial year
and had a net NPA of 1.25 percent ,Mr. Maski said.
2.8 The different products of SWAMI VIVEKANANDA PATTINA

SAHAKARI SANGA NI KAVITAL are
1) Agriculture and non agriculture loans
2) Swarozgar credit cards for small business means
3) Jivan jyothi term deposit scheme and locker facilities.
4) Yashashvini yojane scheme.
5) Different accounts
 Savings A/c
 Current A/c
 Recurring deposit A/c
 Fixed deposit A/c

1. Agriculture loans
Agricultural loans are provided by the RDCC bank
The agriculture loans are included the following
1) Short term loans
2) Medium term loans
3) Long term loans
1) Short term loans :-
These loans refer to the loans which are landed for the period of
one year these loans included the following categories.
 Kisan credit card
 Crop loan
 Cattle loan
 Tractor loan
 Kisan credit card
It is a type of credit card offered by the SWAMI VIVEKANANDA

PATTINA SAHAKARI SANGA NI KAVITAL bank to the Farmer who took
loan, called Kisan credit card loan

Features of Kisan credit card
 This card is only for the farmer who took the loan
 In this card only the loan amount is credited
 The interest is charged only on the amount withdrawal from credit card.
Crop loan:-
The crop loan is given to the farmer on the security of land to purchase the
seeds and to inhere the expenditure on production of crop
Cattle loans:-
The cattle loan is a special loan landed by the SWAMI

VIVEKANANDA PATTINA SAHAKARI SANGA NI KAVITAL which is
helpful to the farmer to purchase cattle’s like bullocks etc.
Tractor loan:-
The SWAMI VIVEKANANDA PATTINA SAHAKARI SANGA NI

KAVITAL provides financial support in purchase of the tractor for the farmer to
purchase of the tractor for the farmer at lower interest rate. Its intention is to
help farmer to develop their yielding.
2)Medium term loan :-
These loans refers to the loans which have been landed for the period above
1year to below 10 years. These categories of loans included the following.
 Pond construction loan
 Pump set loan etc.

3) long term loans :-
These are the loans which are landed for the period of more than 10
years is to be called as long term loans.
 Go down construction loans
 Agriculture implement loan
 Rural development scheme
 Irrigation loans.
 Interest rates for the agriculture loans
The SWAMI VIVEKANANDA PATTINA SAHAKARI SANGA NI

KAVITAL is an a government organisation which offers different agriculture
loans, the interest rate for the agriculture loan is 11% but the government itself
pay 8% to the bank and remaining 3% only the interest charged by the bank on
loans.
Non agriculture loans:-
Apart from the agriculture loans the Swami Vivekananda Pattina Sahakari
Sanga Ni Kavital bank offers non
Agriculture loans like the following:
1. House loan
2. Small term market loan
3. Education loan
4. Gold loan
5. Vehicle loan ]

1) House loan:-
The Swami Vivekananda Pattina Sahakari Sanga Ni Kavital bank offers the
house loan at lower interest rates , the borrower of the loan must have to pledge
the document of the house.
 Procedure for getting house loan
 Account open in the bank
 Surety of a existing account holder in the same bank
 Security (LAND document )
 The house loan will sanctioned
 The interest rate for the loan 11.50%
2) Small term marketing loan :-
These are the loans provided by the bank to the small scale business mans to
develop their business.
 Procedure for getting ST marketing loan
 the account should be opened in the Swami Vivekananda Pattina

Sahakari Sanga Ni Kavital
 they need to submit 3 years balance sheet as well as profit &loss

A/c
 surety of an existing account holder in that bank
 and the loan will be sanctioned within 5-10 days
 the rate of interest for this loan is 10.50 %

3) Education loan :-
The Swami Vivekananda Pattina Sahakari Sanga Ni Kavital has also offer the
education loan to the students , the educational loan limit up to 5 lack Rupees
.the intention before providing educational loans is to help the students of the
rural areas is the motive of this loan.

CHAPTER – 3
TEAROTICAL BACKGROUND
 DEPOSIT
A deposit account is a savings account, current account or other types of bank

account, at banking institution the aloes’ money to be deposited and withdrawn
by the account holder. These transactions are recorded on the bank's books, and
the resulting balance is recorded as a liability for the banks to the customer.
Some banks may charge a fee for this service, while others may pay the
customer interest on the funds deposited.
 Deposit Example:
For example, a bank deposit is generally made when opening an account or in

the course of routine business or personal transactions that involves placing
funds with the banks for future use. Bank deposits can be made in a number of
different ways. The most direct way is to walk in to a bank or a branch in which
you hold an account. You are then usually required to fill in a bank deposit slip
with the particular of your account and the amount of money you Wisk to
deposit. In additional, bank deposits can be made via wire transfer, as well as
through a direct deposit plan for employers in many cases.

TYPES DEPOSITS
1. TIME DEPOSITS
A. Recurring deposit.
B. cash certification.
C. fixed deposits
2. DEMAND DEPOSITS
A. savings bank deposits.
B. current account deposits.
a. Time Deposits:
Bank receives these deposits for a certain period it means these deposit are
repayable after a certain period. These deposits are not withdrawn able by
cheque, draft or by other means. It includes the following.
>Recurring deposits.
>Cash certification.
>Fixed deposits.
 Recurring deposits:
The customer opens an account and deposits a certain some of money every
month. After a certain period say 1 or 3 or 5 years the accumulated amount
along with interest is paid to the customer. The interest on recurring deposits is
as fallows

>After 1 year 9.5%.
>After 2 years 10.5%.
>Cash certificates:
These are the deposits accepted by the banker for a fixed period. The interest is
included in the final payment.
 Fixed Deposits:
It means money received by the banker from the customers, is deposited for a
fixed period of time. In other words, banks receive deposits for a definite
period. The period generally various from 15 days to 5 years and above. The
depositor agrees, not to withdraw the amount of deposited for a specific period.
The fixed period helps the banker to invest the money without having to keep it
in reserve. These deposits are called term deposits or time deposits or time
liabilities which mean that the deposits are withdrawals, subject to a notice
(usually 7 days notice) and not a demand. In India large number of small
investors, invest the money in the banking the form of fixed deposit. Banker pay
high rate of interest on fixed deposits. The rate of interest depends on the period
for which the money is deposited.
Procedure for opening a fixed deposit account:
The following are the steps to be taken by banker,
1. Receiving the application in prescribed manner.

2. Obtaining specimen signature of depositor.
3. Receiving deposit.
4. Opening the accounts of depositor in ledger.
5. Issuance of fixed deposit receipt.

1. Application in the prescribed form:
The person, who intends to open the fixed deposit accounts, has to approach the
banker. The banker supplies him with the accounts opening form and asks the
customers to fill the accounts opening form. The depositor should state his
name & address, occupation amount of deposits and the period for which the
depositor made. After filling various columns of the form, the depositor should
put is signature thereon.
2. Obtaining specimen signature of deposit:
The banker should obtained specimen signatures of the depositor. Specimen

signature is required for verification of the identity of the depositor at the time
of requirement of deposit.
3. Receiving deposit:
When all the formalities are completed the banker should going to receive the
deposited amount from the customer the deposit amount may be received in the
form of cash or cheque.
4. Opening the accounts of depositor in ledger:
When the deposit is received from the customer banker should open accounts in
the name of depositor in the ledger of bank.

5. Issuance of fixed deposit receipts:
it is acknowledgement for the receipt of deposit. Banker issues the receipt to

customer for receiving the fixed deposit. It contains the all the terms and
conditions such as,
>Rate of interest.
>Amount of deposits.
>The period for the deposits is made &
>Instruction & name & address of the depositor.
Fixed deposit receipts not "negotiable”. The transfer of such receipts does not
get any title to it then transferred himself and it does not entitle to transferred
the right to use the bank in is own name.
 FEATURES OF FIXED DEPOSITS ACCOUNTS

1. High rate of interest:
The main objective of fixed deposits accounts is to be earn more interest on

their deposits it means fixed deposits accounts will get the high rate of interest
as compare to saving bank and other accounts.
2. Period:
>The minimum period is 15 days.
>The maximum period is 5years above withdrawals.

3. Withdrawals:
It cannot be issuing cheques but by returning the fixed deposits receipt given
by the bank at the time of depositing the money.
 ADVANTAGES OF FIXED DEPOSIT ACCOUNTS TO

CUSTOMERS:
1. Customers money is in a safe place.
2. Customer can get high rate of interest.
3. Customer can raise a loan from the banks against the security of his fixed
deposit.
4. It can be opened easily.
 ADVANTAGES OF FIXED DEPOSIT ACCOUNTS TO BANKER:
1. No fear of withdrawal:
Banker can lend the fixed deposits account money for the specified period
without any fear of withdrawals by the depositors.
2. No cash reserve:
Banker need not to maintain any cash reserve to meet the demand of
customer for repayment of deposit till the fixed period of time.
3. No risk:
Cheques are not allowed to draw the fixed deposits. The banker is, therfore,
free from the risk attached to payment of cheques.

4. No charge:
Fixed deposits do not create any equitable charge on the assist of the bank.
5. Fixed deposits
Fixed deposits are repayable on production of H.D.R.but not an demand.
 INTREST ON FIXED DEPOSITS:
The rate of interest depends upon the length of the period, and the amount
deposited. Generally, bank adds the interest periodically to the fixed deposit
amount. The amount of interest gets re-invested. Thus the interest also earns
interest.
 SAVING BANK ACCOUNTS
The main objective of intruding the savings bank accounts is to activate or

encourage the people to save the money for feature contingencies. This type of
accounts is most useful to the poor, middle and salaried person. This people out
of their current income save any surplus amount that can be deposited in to a
bank and they can withdraw it as and when required but bank impose certain
restriction on withdrawals. Banker gives interest on the deposits. Customer will
not get any over draft facility for saving bank account.
 FEATURES OF SAVING BANK ACCOUNTS

1. Deposit:
A minimum of Rs .500 sufficient for opening the savings bank account and
customer can deposit small amount say Rs.100 or 200 initially.

2. Cultivates the hobbits of savings:
Saving bank accounts encourage the depositor to save money. Suppose 1 open
an account, he feels like depositing the money on often, at least Rs.5-50.Thus
the hobbit of saving money gets cultivated.
3. Withdrawals:
Customer can withdrawn from the bank as an when required by presenting the
cheques.
4. Interest:
Bankers can calculate interest on balance amount for every 3 months and the
same is credited to customer's accounts, the interest rate is 3.55% above the
minimum balance.
 PROCUDURE FOR OPENING AND OPERATING ACCOUNTS
Receiving application in prescribed form:
The person who wants to open the accounts with the banks has to submit an
application. The application is supplied by the banker -a prescribed. Application
is required to fill up the form. I.e.
1. Customer has give is name
2. Occupation
3. Identity card
4. Photos
5. After filling the various columns of the form and
6. Customer puts his signature on the form.

Filled in application is received by the banker to open the account.
2. Introduction/ Introducer:
Before opening the savings accounts in the name of intending customer, the
banker must get true identity of customer in order to ensure that he is a
respectable person.
 ADVANTAGES OF SAVINGS BANK YO CUSTOMER:

1. Earns the interest:
Customer surplus money is deposited in savings banks accounts and it earns

interest on balance.
2. Banking facilities:
Customer gets all the banking facilities, such as, he deposits, his cheques, and
dividend coupons for collection.
3. Customer money is in safe place.
CURRENT ACCOUNT:
In order to make convenes to customers, banker introduces another type of

account is known as current account. Current account is running account. It is a
continuous operation or dealings between the banker and a customer. It is also
known as Demand deposits or Active account demand. It is called deposit or
Demand liability because these deposits are repayable on demand.
In this account customer can deposit and with draw the amount daily i.e. on
working day, because there are no restriction for withdrawals as in saving bank
account. Under this amount, banker maintenance sufficient cash reserve in order
to meet the demands of his customer's. When the current account is opened, it is
obligatory to bankers to honor the customer's cheques as long as customers,

account is in credit. Banker also collects the cheques, bills, drafts, on behalf his
customers.
 FEATURS OF CURRENT ACCOUNT

1. It is running account:
In current account continues operations going on between the banker and

account holder. It is introduced for convenience of business man, firms, etc.
who are relived of the handling cash themselves.
2. Minimum deposits:
For opening current account a minimum deposit of Rs.1000/- should be

charged.
2. No restriction for withdrawals:
Customer can withdraw and deposit daily i.e. on any working day, any
amount as he likes, by maintaining minimum balance in his account.
4. over draft facilities:
For current accounts, the banker provides over draft facilities for the period
of 90 days to his customers.
4. No interest:
Banker may not pay any interest on the balance maintained in the current
accounts.
5. Incidental charges:
In current accounts, the customers are required to maintain minimum balance.

If the balance goes bellow the minimum, banker charges incidental charges on
such accounts.

6. Bankers Acts as collecting banker as well as paying banker.
 STEPS OR PROCUDURE TO FOLLOW BY THE BANKER:
While opening the current account. The banker should take the following
precessions or steps....
1. Application in prescribed form
2. Introduction of applicant
3. Specimen signature
4. Obtaining mandate
5. Receiving initial amount of deposit
6. Banker should be open customers account in the ledger
7. Handling over the 3 books to the account holder
A.viz pay-in-slip book
B. cheque book
C. pass book of the account holder.
DOCUMENTS WHICH IS NECESSARY TO OPEN CURRENT

ACCOUNT:
While opening the current accounts the customer should give the following
documents,
1. Filling of application form which is given by banker.
2. Identity card of a customer.
3. Photos of a customer.

4. License of a firm.
5. Signature of an introducer of his account.

CHAPTER -4
DATA ANALYSIS AND INTERPRETATION
The analysis and interpretation is made in order to find weather the deposits
effect the individual’s financial position. In order to conduct the study a
questionnaires was prepare to the individual responds towards the deposits, the
questionnaires were prepared only which are required for the study and it was
prepared with satisfying individual’s personal feelings.
The questionnaire is prepared after making a survey with the customers who
have deposits. The study is basically a qualitative the study were the questions
were prepared to know only weather the different deposits will satisfy of an
individual or not.
The Analysis and Interpretation is done for each and every question in order to
know what the impact of deposits on individuals is and also to know weather
the individuals are really interested to the deposits.
Table Showing The Amount Deposited In The Customer In The Swami

Vivekananda Pattina Sahakari Sanga Ni Kavital
YEAR AMOUNT(Cr
ore)
2011 264
2012 280
2013 312

ANALYSIS:
The question was asked to Swami Vivekananda Pattina Sahakari Sanga Ni

Kavital bank manager. The manager said to the different year’s deposits amount
deposited to the consumer in the year to year variation will be accrued.
INTERPRETATION:
By this we can understand the deposited amount in the different years like 2011
year the people will deposited to amount in Rs.264crores and the year of
2012will be more increases the deposits that is Rs.280crores and the year of
2013the deposits will be fully decreased that is Rs.312crores.

Table Showing Which Perpose The Customers Open The Account In Swami
Vivekananda Pattina Sahakari Sanga Ni Kavital Bank
BESIC PERCENTAGE IN(%)
SAVING 40
LOANS 30
CHEQUE BOOK 10
SEFTY 20
TOTAL 100

ANALYSIS:
The question asked to SWAMI VIVEKANANDA PATTINA SAHAKARI

SANGA NI KAVITAL BANK customers. The customers said to different
things some people open the account purpose of cheque book and some people
open the account purpose of loans and some customers open the account
purpose of satisfy and saving purpose.
INTERPRATAION:
By this we can understand the customers open the account in SWAMI

VIVEKANANDA PATTINA SAHAKARI SANGA NI KAVITAL bank the
10% customers open the account purpose of cheque book and 30% customers
open the account purpose of loan and another 40% customers open the account
in SWAMI VIVEKANANDA PATTINA SAHAKARI SANGA NI KAVITAL
bank purpose of savings and 20% purpose of safety so the customers survey
after the more people satisfied the open account in SWAMI VIVEKANANDA
PATTINA SAHAKARI SANGA NI KAVITAL bank saving purpose.
TABLE SHOWING CUSTOMERS SATISFACTION IN VERIOUS

DEPOSITS IN SWAMI VIVEKANANDA PATTINA SAHAKARI SANGA
NI KAVITAL BANK
TYPE ACCOUNTS
SAVING 5000
BANK
ACCOUNT
CURRENT 300
ACCOUNT
RECURING 1000
DEPOSIT

ANALYSIS:
The question asked to the SWAMI VIVEKANANDA PATTINA SAHAKARI

SANGA NI KAVITAL bank manager. The manager said the customers open
the account in the SWAMI VIVEKANANDA PATTINA SAHAKARI SANGA
NI KAVITAL bank from fulfilling the our financial needs so more members
like to saving bank account and then some customers interests to current
account and some of peoples likes recurring deposits.
INTERPRETATION:
By the understand customers open the account from SWAMI VIVEKANANDA

PATTINA SAHAKARI SANGA NI KAVITAL bank the 5000customers have
an saving bank account and 300 customers have current account and another
only 1000 customers have an recurring deposits. In the survey customers said
the saving bank account is more satisfying in SWAMI VIVEKANANDA
PATTINA SAHAKARI SANGA NI KAVITAL.

TABLE SHOWING CUSTOMERS SATISFACTION IN VERIOUS

DEPOSITS INTREST RATES IN SWAMI VIVEKANANDA PATTINA
SAHAKARI SANGA NI KAVITAL
TYPES OF DEPOSITS SATISFACTION OF

INTREST RATE
LEVEL IN
(%)PERCENTAGE
SAVING BANK 30
ACCOUNT
CURRENT 10
ACCOUNT
RECURRING 60
DEPOSITS
ANALYSIS:

In the analysis more customers satisfied the recurring deposits because of

interest rate is high and maturity period is long after some customers satisfied
saving bank account because of it is useful to when amount needed on that time
take the money and interest rate is lesser then recurring deposits and some of
customers satisfied current account purpose of only transaction interest rate is
lesser then saving bank account and recurring deposits.
INTERPRETATION:
By the understanding of customer survey after the more customers like 60%
recurring deposits because of interest rate is high and 30% customers satisfied
saving bank interest rate and some customers only like 10% current account
interest rate.
CHART SHOWING THE INCOME LEVEL OF RESPONDS IN SWAMI

VIVEKANANDA PATTINA SAHAKARI SANGA NI KAVITAL
S,NO INCOME NO.OF PERCENTAGE

LEVEL RESPONDS
1 BELOW 10 20%
5000
2 5000 TO 20 40%
10000
3 10000 TO 15 30%
15000
4 15000 TO 05 10%
ABOVE
TOTAL 50 100%

ANALYSIS:
The question prepared to on the basis of income level of customers in the

SWAMI VIVEKANANDA PATTINA SAHAKARI SANGA NI KAVITAL.
INTERPRETATION:
It was found that the 40% of respondents belong to the income level of 10000
per month, followed by 30% of the respondents belong the income level of
10000 to 15000 per month,20%of the respondents belong to the income level
below 5000 per month and 10% of respondents belong to the income level of
15000 above.

CHART SHOWING CUSTOMERS OPINION ABOUT SARVICE

PROVIDER BY SWAMI VIVEKANANDA PATTINA SAHAKARI SANGA
NI KAVITAL
S.NO OPINION NO.OF PERCENTA

RESPONDE GE
NTS
1 GOOD 16 32%
2 ADEQUATE 15 30%
3 SATISFACTO 19 38%
RY
4 POOR -
TOT 50 100%
AL
ANALYSIS:

The question prepared on the basis of service provided by SWAMI

VIVEKANANDA PATTINA SAHAKARI SANGA NI KAVITAL about
customer felling.
INTERPRETATION:
It was founded that the 32% of the respondents says that the SWAMI
VIVEKANANDA PATTINA SAHAKARI SANGA NI KAVITAL service
charged moderate, followed by the 30% of respondents Says that the services
charges is low and the 38% of the respondents opinioned the service charged is
high
CHART SHOWING CUSTOMER SATISFACTION ABOUT DEPOSITS

INTREST RATES IN SWAMI VIVEKANANDA PATTINA SAHAKARI
SANGA NI KAVITAL
S.NO SATISFACTI NO.OF PERCENTA

ON CUSTOME GE
RS
1 yes 40 80%
2 no 10 20%
TOTA 50 100%
L

ANALYSIS:
The question prepared on the basis of customers satisfaction towards in various

deposits interest rate.
INTERPRETATION:
It was founded that the 80% of customers satisfied the interest rates, and 20% of
customers not satisfied the deposits interest rates. It was observe that the most
of respondents satisfied by the interest rates of SWAMI VIVEKANANDA
PATTINA SAHAKARI SANGA NI KAVITAL.

CHART SHOWING THE CUSTOMERS OCCUPATION PROFILE
S.NO OCCUPATIO NO.OF PERCENTA

N RESPONDE GE
NTS
1 STUDENT 5 10%
2 BUSINESS 12 24%
3 AGRICULTU 20 40%
RE
4 EMPLOYEE 13 26%
TOT 50 100%
AL
ANALYSIS:

The question prepared on the basis of customers occupation in different

accounts in SWAMI VIVEKANANDA PATTINA SAHAKARI SANGA NI
KAVITAL.
INTERPRETATION:
It was founded the number of customers are more in agriculture sector and least
preferred by students respectively 40% and 10%.
CHART SHOWING THE AGE PROFILE OF CUSTOMERS IN SWAMI

VIVEKANANDA PATTINA SAHAKARI SANGA NI KAVITAL
SINDHANOOR
S.NO AGE NO OF PERCENTAG

RESPONDENT E
S
1 BELO - -
W 18
2 18 TO 07 14
25
3 25 TO 15 30
35
4 35 28 56
YEARS
ABOV
E
TOTA 50 100
L

ANALYSIS:
The question prepared on the basis of customers Age profile in SWAMI

VIVEKANANDA PATTINA SAHAKARI SANGA NI KAVITAL.
INTERPRETATION:
It was founded the highest customers are in above 35 years in respectively

decreasing in stage by stage in lower level like 56.30,14 and 0 in percentage.

CHAT SHOWING THE CUSTOMERS FEEDBACK ON

DOCCUMENTATION PROCESS IN SWAMI VIVEKANANDA PATTINA
SAHAKARI SANGA NI KAVITAL SINDHANOOR
CUSTOMERS FEEDBACK PERCENTAGE (%)
SATISIED 75
VERY SATISFIED 25
ANALYSIS:
The question prepared on the basis of customer feedback on documentation

process in SWAMI VIVEKANANDA PATTINA SAHAKARI SANGA NI
KAVITAL.
INTERPRETATION:
It was founded that the 75% of customers very satisfied on documentation

process and 25% only satisfied.

CHAPTER – 5
FINDINGS AND SUGGESTIONS
FINDINGS:
1. The bank is in secured position to creditors.
2. The bank reserves are increases.
3. The bank is providing good services.
4. The total assets of the bank are also increased from year to year.
5. The firm is more dependent internal funds, its good sign
6. Bank provides both secured and unsecured loans
7. The recovery of credit is more efficient.
8. Bank is providing a large amount of loans to the small business people.
SUGGESTIONS:
A. The bank should give scope for the student to do the project work.
B. The bank should provide annual report for further reference.
C. Latest technology should be implemented in bank.
D. The bank should implement some more attractive schemes to attract the
customer
E. Impressing upon the loans and advances and some allied services
against agriculture sector.

BIBLIOGRAPHY
1. BOOKS:
‘ECONOMIC DEVELOPMENT’
-H.R.KRISHNAMURTY
‘DEPOSITED SCHEMES IN INDIA’

Pampapathi Diposit Scheme of Suko Bank

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DEPOSITED SCHEMES OF SWAMI VIVEKANAND CO-OP CERDIT SOCIETY LTD.

Sri Sanjeev M.Com College, Lingasugur Page 1

Introduction of Deposit Scheme

An account generally opened by business people for convenience. Money can

Sri Sanjeev M.Com College, Lingasugur Page 2

OTHER DEPOSITS: 2-in-1 deposits, Smart Deposits, Power Saving Deposits,

Bank Deposits: Deposits – It is a major source of funds for banks

Types of Deposits: Demand Deposit – Time Deposit: Demand Deposits further

Sri Sanjeev M.Com College, Lingasugur Page 3

Factors to be considered while deciding pricing of deposits: Service cost and

Factors affecting bank deposits: Increase in national income - Expansion of

Measures to increase bank deposits: Offering properly graded interest rate on

Deposit Insurance: In case of bank failure to protect the saving of small

Sri Sanjeev M.Com College, Lingasugur Page 4

SWAMI VIVEKANANDA PATTINA SAHAKARI SANGA NI KAVITAL

Any Individual/Firms/Societies/Institutions can open a FD with a minimum of

STATEMENT OF THE FROBLEM:

Sri Sanjeev M.Com College, Lingasugur Page 5

The comprehensive statement of the problem can be thus started as

1. To know the different types of deposits and rate of interest paid

Sri Sanjeev M.Com College, Lingasugur Page 6

NEED OF THE STUDY:

 The study helps to suggest the bankers for improvement of services

SCOPE OF THE STUDY:

The study covers exclusive in understanding the customer satisfaction towards

Sri Sanjeev M.Com College, Lingasugur Page 7

Methodology means the methods, ways or sources adopted or used to carry on

Sri Sanjeev M.Com College, Lingasugur Page 8

LIMITATIONS OF THE STUDY:

LIMITATIONS OF THE STUDY:

1. This study mainly depends of secondary data such as annual reports of

Sri Sanjeev M.Com College, Lingasugur Page 9

A. Where In the project, beginning which contains introduction of the

Sri Sanjeev M.Com College, Lingasugur Page 10

INDUSTRY AND COMPANY PROFILE

1. Co-operative Societies Act

Sri Sanjeev M.Com College, Lingasugur Page 11

2. Co-operative Societies Rules

4. Notification and Orders issued from time to time by the Government, or

Sri Sanjeev M.Com College, Lingasugur Page 12

PROVISIONS FOR REGISTRATION OF CO-OPERATIVE SOCIETIES

There are different types of Co-operative Societies, which can be registered

PROVISIONS UNDER THE M.C.S. ACT, 1960

Sri Sanjeev M.Com College, Lingasugur Page 13

PRINCIPLES OF CO-OPERATIVE SECTOR

3. SELF HELP AND MUTUAL HELP:

Sri Sanjeev M.Com College, Lingasugur Page 14

7. SOCIAL APPROACH / NO PROFIT MOTIVE:

8. PROFITS AND RETURNS TO THE MEMBERS:

9. LIMITED INTEREST ON SHARES:

Sri Sanjeev M.Com College, Lingasugur Page 15

10. PERSONAL PARTICIPATION:

11. EDUCATIONS AND CO-OPERATION:

12. CO-OPERATION AMONGST CO-OP. INSTITUTIONS:

ACT & RULES APPLICABLE

A Co-operative Society functions as per the provisions of

2. Co-operative Societies rules made there under

3. Bye-laws approved by the registrar at the time of registration and

Sri Sanjeev M.Com College, Lingasugur Page 16

SOCIETIES, WHICH MAY BE REGISTERED

REGISTRATION WITH LIMITED OR UNLIMITED LAIBILITY

Sri Sanjeev M.Com College, Lingasugur Page 17

[(2-A) No crop protection society shall be registered, unless the Registrar is

Sri Sanjeev M.Com College, Lingasugur Page 18