A

SUMMER INTERNSHIP PROJECT

on

STUDY ON DEPOSITS AND LOANS

SUBMITTED BY

ABHA P. RAUT

UNDER THE GUIDANCE OF

DR. GIRISH KUDALE

in partial fulfillment for the requirement of MBA Degree

for the

Academic session 2022-23

to

RASHTRSANT TOKADOJI MAHARAJ NAGAPUR UNIVERSITY, NAGPUR

at

GES’ DEPT OF MANAGEMENT TECHNOLOGY

NMD COLLEGE, GONDIA

 CERTIFICATE

GES’ DEPARTMENT OF MANAGEMENT TECHNOLOGY

NMD COLLEGE, GONDIA

This is to certify that the investigation described in this report titled “Study on Deposits

and Loans” has been carried out by Abha P. Raut during the summer internship project. This

study was done in the organization, Sahayog Multi-state credit co-operative Ltd. in partial

fulfillment of the requirement for the degree of Master of Business Administration of

Rashtrasant Tukadoji Maharaj Nagpur University, Nagpur.

This work is the own work of the candidate, complete in all respects and is of sufficiently

high standard to warrant its submission to the said degree. The assistance and resources used for

this work are duly acknowledged.

Name of Faculty Mentor Name of Head of Department

Dr. Girish Kudale Dr. Girish Kudale

 CERTIFICATE FROM

SAHAYOG MULTI-STATE CREDIT CO-OPERATIVE LTD.

This is to certify that project work entitled “Study on Deposits and

Loans” is an original piece of work done by Abha P. Raut under my

guidance & supervision for the partial fulfillment of the requirement of

MBA Degree from GES’ Department of Management Technology,

NMD College, Gondia as per guidelines issued by Rashtrasant Tukadoji

Maharaj Nagpur University, Nagpur.

Place:
Date: (Company Authority)
 ACKNOWLEDGEMENT

I am using this opportunity to express my gratitude to everyone

who supported me throughout the course of this Summer Internship Project
“(SIP title)”. I am thankful for their aspiring guidance, invaluably
constructive criticism and friendly advice during my summer internship
project work. I am sincerely grateful to them for sharing their truthful and
illuminating views on a number of issues related to this SIP.
I am deeply indebted to my research guide, Dr. Girish Kudale, for
his/her excellent guidance and timely corrections. Without this help this SIP
report would not have taken its present shape.
I am highly grateful to Dr. Sharda Mahajan, Principal, N.M.D.
College, Gondia, for allowing me to do this SIP work and all the teaching
staff and library staff.
Last but not the least, I would like to thank the support staff always
helping me during the making of my Summer Internship Project report. My
thanks are extended to the librarians and the system administrators at the
computer lab.

ABHA P. RAUT
(MBA III Semester)
GES Dept. of Management Technology
N.M.D. College, Gondia
SR CONTENT PAGE
NO. NO.
1 INTRODUCTION TOTHE TOPIC
2 INTRODUCTION TOTHE
COMPANY
3 INDUSTRY PROFILE
4 OBJECTIVES OF THESTUDY
5 NATURE OF WORKDONE
6 ACADEMIC LEARNING
7 PROFESSIONAL LEARNING
8
INDEX:-

INTRODUCTION OF THE TOPIC

What is deposit?
A deposit is a financial term that means money held at a
bank. A deposit is a transaction involving transfer of
money to another party for safekeeping. However, a
deposit can refer to a portion of money used as security or
collateral for the delivery of a good.

What is deposit method?

Deposit method means the frequency at which deposit can
be made by a subscriber over the term of an Agreement &
is limited to single, annual, semi-annual, quarterly or
monthly deposits.

TYPES OF DEPOSITS.
1. Saving bank account.
2. Current deposit account.
3. Fixed deposit account.
4. Recurring deposit account.

WHAT IS LOAN?
A loan is a form of debt incurred by an individual or
other entity. In return, borrower agrees to a certain set
of terms including any finance charges, interest,
repayment date, and other conditions.

WHAT ARE THE TYPES OF LOAN?

 PERSONAL LOAN
 MORTGAGE LOAN/ LOAN AGAINST PROPERTY
 GOLD LOAN
 LOAN AGAINST DAILY DEPOSITS
 LOAN AGAINST SALARY
INTRODUCTION OF THE COMPANY :-
Sahayog Multistate Credit Co-operative Society Ltd.
is majorly in finance from last 10 years. Current board
members and directors are MR. RAMAN RAMADE,
MR. JAYESHCHANDRA RAMADE, MR.
DATTATRAY SAWANT. The main branch is in
Gondia. (Maharashtra)
Sahayog Multi-state Credit Co-operative ltd. Giving
better service to every section from society,
especially middle class, lower middle class & poor
section.
By understanding value of banking in society, Sahayog
institute is not only business institute, but for the
improvement of society.
Sahayog Multistate Credit Co-operative ltd. are always
committed to fulfill the duty towards stakeholders too.
 MISSION OF COMPANY
Our mission is to enhance the lives of our
members,
customers, colleagues and the communities in which
we operate in a sustainable way.

 We will be prompt, polite, proactive with our

customers.
 We will create products and services that help our
customers to achieve their goals.
 We will go beyond the call of duty to make our
customers feel valued.
 We will always be honest, transparent and ethical.

VALUES

 We will always be honest, transparent and ethical.

 We will respect our customers and fellow associates.
 We will be knowledge driven.
 We will learn and we will share our learning.
 We will never take the easy way out.
 We will do everything we can to contribute to the
community we work in.
 We will nurture pride in India.
 INDUSTRY PROFILE:

Where man is WORTHY than money.

Sahayog multi-state credit co-operative society has its
72 branches & has head office in Gondia. Following
are the branches.
1. AKOLA
2. AMGAON
3. AMRAVATI
4. BALLARPUR
5. BHADRAVATI
6. BHANDARA
7. BHIWAPUR
8. BRAHMPURI
9. BULDHANA
10. SCHAMORSHI
11. CHANDRAPUR
12. CHANDUR BAZAR
13. CHANDUR RAILWAY
14. DARWHA
15. DARYAPUR
16. DEORI
17. GADCHIROLI
18. SINDHEWAHI
19. TIRORA
20. UMARKHED
21. UMRED
22. TUMSAR
23. WADSA
24. WANI
25. WARDHA
26. WARUD
27. WASHIM
28. YAVATMAL
29. PARSHIVNI
30. PAVNI
31. PUSAD
32. RAJURA
33. RAJEGAON
34. RAMTEK
35. SALEKASA
36. MORGAON ARJUNI
37. MUL
38. KANHAN
39. MALEGAON
40. MANORA
41. MAUDA
42. MOHADI
43. HINGAN GHAT
44. HINGNA
45. KALMESHWAR
46. GANDHIBAG
47. GONDIA
48. GONDPIPRI
49. DEORI
50. DIGRAS
51. NER
52. MAHAGAON
53. NAGBHID
54. NAGPUR
55. SAMUDRAPUR
56. NARKHED
57. KUHI
58. KURKHEDA
59. LAKHANDUR
60. LAKHNI
61. SAONER
62. KARANJA
63. KATOL
64. SADAK ARJUNI
65. SAKOLI
 OBJECTIVES OF STUDY:-

PRODUCTS AND SERVICES

SAHAYOG MAHILA BACHAT GAT(SMBG)

 Minimum account to be opened 120/-.
 Rate of interest 8%.
 Fixed period for 66 months.
 Premature closing conditions :-
1. If 36 months or 3 years completed then in that
case 8% of interest will be given.
2. If account closing before 36 months in that case
18% services charge of deposit is to be deducted,
following GST & passbook charges.
3. Accident policy only applicable if account 3
months old or more. Account must be regular for
it.
MONTHLY PRINCIPAL
DEPOSIT AMT.AFTER 66
MONTHS
120 9959
150 12448
200 16598
300 24897
400 33196
500 41494
1000 82989
1500 124483
2000 165978
2500 207472
5000 414945
10000 829889
SAHAYOG KISAN BACHAT GAT:-

 Minimum account to be opened at Rs. 200/-

 Rate of interest 8%.
 Fixed period for 66 months.

PREMATURE CLOSING CONDITION

1. If 36 months or 3 years completed then in that

case 8% of interest will be given.
2. If account closing before 36 months in that case
18% services charge of deposit is to be deducted,
following GST & passbook charges.
3. Accident policy only applicable if account 3
months old or more. Account must be regular for
it.
1. If 36 months or 3 years completed then in that
case 8% of interest will be given.
2. If account closing before 36 months in that case
18% services charge of deposit is to be deducted,
following GST & passbook charges.
3. Accident policy only applicable if account 3
months or more account must be regular for it.
MONTHLY DEPOSIT PRINCIPAL AMT.
AFTER 66 MONTHS
200 16598
300 24897
400 33196
500 41494
1000 82989
1500 124483
2000 165978
2500 207472
5000 414945
10000 829889
 RECURRING DEPOSIT SCHEME:

 Minimum account to be opened at rs.100/-

 Rate of interest 8%.
 Maximum period of time 72 months.

PREMATURE CLOSING CONDITION

1.Closed before 3 months 6% service charge

deducted.
2.Closed after 3 months & before 8 months
4% service charge deducted.
3.Closed after 8 months & before 12 months
only principal is to be paid.
4.After maturity Principal+ interest.
MONTHL 12 MONTHS 24 MONTHS 36 MONTHS 48 MONTHS 60 MONTHS 72 MONTHS
Y
DEPOSIT
100 1253 2609 4077 5666 7386 9248
200 2506 5218 8155 11333 14773 18496
300 3759 7828 12232 16999 22159 27745
400 5012 10437 16309 22665 29546 36993
500 6265 13046 20386 28332 36932 46241
1000 12530 26092 40773 56663 73864 92842
1500 18795 39138 61159 84995 110796 138724
2000 25059 52184 81546 113327 147728 184965
2500 31324 65231 101932 141659 184660 231206
5000 62648 130461 203864 283317 369320 462412
10000 125297 260922 407728 566634 738640 924825
FIXED DEPOSIT SCHEME:
RATE OF INTEREST
 FOR 1 YEAR – 11%
 FOR 2 YEARS -11%
 FOR 3 YEARS – 11%
 FOR 4 YEARS – 11%
 FOR 5 YEARS – 11%

PREMATURE CLOSING CONDITIONS:-

PREMATURE WITHDRAW OF 0 --1 YEAR =3.50%
PREMATURE WITHDRAW OF 0 – 2 YEARS =5%
PREMATURE WITHDRAW OF 0– 3 YEARS = 6.5%
PREMATURE WITHDRAW OF 0 – 4 YEARS = 8%
PREMATURE WITHDRAW OF 0 – 5 YEARS = 9.5%

DEPOSITED 1 YEAR 2 YEARS 3 YEARS 4 YEARS 5 YEARS 6 YEARS

AMT.
1000 1115 1242 1385 1544 1720 2000
5000 5573 6212 6924 7718 8602 10000
10000 11146 12424 13848 15435 17204 20000
20000 22292 24842 27696 30870 34409 40000
25000 27866 31060 34620 38588 43011 50000
50000 55731 62119 69239 77175 86021 100000
100000 111462 124238 138478 154351 172043 200000
FIXED DEPOSIT FOR DOUBLE ( DAMDUPPAT )
DURATION OF DEPOSIT – 6 YEARS.
AMOUNT DOUBLE IN 6 YEARS.

PREMATURE CLOSING CONDITION

FOR PREMATURE CLOSING WITHDRAWAL 14% DEDUCTED AS SERVICE CHARGE.

PIGMY DAILY DEPOSIT SCHEME.

Daily deposit scheme is one of the most accessible and favorable
schemes mainly for traders, daily wage earners, and small and medium
businessmen etc. The depositor can deposit his deposit on daily basis.
The depositor does not have the inconvenience of coming to bank
every day to make deposits. The account holder can deposit and
withdraw money through authorized agent of the institution. Its
minimum daily deposit amt.is Rs. 30/- per day and tenure is of 1 Year.
And interest for the scheme is 6%
LOAN SCHEMES
PERSONAL LOAN

Sahayog multi state credit co-operative ltd. provides personal loan for various
needs of its account holders like business, marriage, education, vehicle, home
purchase and construction etc. on easily accessible installments for fixed period of
time.
DAILY DEPOSIT LOAN:
Account should be 3 months old.
Rate of interest :15% flat and 26% reducing.
And for daily deposit loan we need 2 guarantor.
AND SAME CONDITION IS REQUIRED FOR RD LOANS AND GRD LOANS.

DOCUMENTS REQUIRED

For this loan customer require electric bill (for address proof), pan card,
Aadhar card (for identity proof), bank statement of previous 3 months, passport
size photos.

MORTGAGE LOAN/ LOAN AGAINST PROPERTY

Sahayog multi-state credit co-operative society ltd. provides
economic potential by taking mortgage loan on fixed assets.
Due to which they can get liquidity on their fixed assets.
 GOLD LOAN :-

Sahayog multi-state credit co-operative

society ltd. provides loan facility to its
account holders to develop their financial
condition. This is very accessible and
actionable plan.
ACTUAL WORK DONE:-

 On the very first week I learnt about the deposits and its various types.
 Second week, I filled the KYC forms that required customer’s PAN Card,
AADHAR Card, passport size photo, ration card, electricity bill to fulfil the
procedure.
 Third week, I learnt about loans and the schemes related to it.
 Fourth week, I learnt about passing the loan, the related documents
required. Where I learnt the rate of interest is flat 13.5% and reducing rate
is 24%.
 Key Learning
 Academic Learning :-
o New Account Opening
o Loans disburse

 Professional Learning :-
o Time Management
o Customer Persuasion
o Collaborating with other employees
o Took initiative to gain knowledge
 Findings
 Banking sector is working hard on providing cheap interest loans to the
needy
 Schemes like Swayam Sevika is empowering women and enlightening them
about financial independence.
 Banking is reaching out to all the weaker sections and disbursing funds for
their upliftment.
 Suggestions

 Banks should promote their schemes on village level for the unaware
population.
 Banks should strive hard to reduce the paper work.
 A robust mobile application should be created for the consumers for speed
fast notifications.