DAIE,

PAGE NO.:

SUBODH PUBLC SCHOOL RAMBAGH

2023-24
PROJECIFILE
INAME - ANUSHREE MATHUR
CLASS-SCHOLARS L-E
ROLLNO.
iSUBJECI- ACCOUNTANCY
SOBTEC TEACHER -MR PRADEEP GUPTA

Teccher's Signature.....
 DATE I

PAGE NO.

ACKNONUEGEMENT

Would Iike to express my

speial thanks
of gratttude to my
accountany subfetme
teacher Mr.
Pradep Guupta whd gaNe.
Hhe apportunity to make. the. prófet. "He
aluays gaue me quidance and
his valuable
of this.
Sugestons during the completionfe
llprozect ond hos been a SOurce _of
information to me. I would also Cke to
thank m parents and friends who helped me
alot in Analizing this I profect uithin the
inoited ime frame. also did Some
research regarding my
profet on Gongale.

Mr. fradeep Gupfa Date

Teacher's Siçnetute...
 NAGEVNO.

CERTUEICATE

I certity that this project work is

my
Completed by ANUSHREEMATHUR under
upito
quidance and supervision. Her wock is
proper
Hhe markand satistacory. She has token
the
are and shoun atmest Sincerit in
CAmpletion sf the projedt. my expetations
Tcecthy that. this nroet is upth
by'C8SE.
and as per the quidlines Îssued

Me. frodeep Gugta Date

Zectersnatuy
 AE

SNO
INDEX ToPIC

hdaxlkaNahiHaiMeneAthi

Tescher s
Siçnelue....
 |AGE NO

TYPES OF BANK AGCOUNTS

4.Current Account

Acurrentt accountis a deposit account tor traders,

buciness Owners and entrepreneurs, who need to make
iand receive payyments more otten than athers. Ihese.
accounts hold more liquiddepasits with no limit on the
number of transacions_per day, Currernt occounts allow
overdcaft facility, that iswithdrawing more than what is.
curnentlu auoilabe in the acount. Alsounlike saung.
acauntsSwhere you earn some interest thesSe. are zer.
interest beorîng aOunts. Youneed tomaintain a min
balance to be able to sperate current accounts.

2.Sauings Account

A A sauings bank accounts is a regular deposit account, where

you earna minimum rate of interect.Here, the. number
of transactions you. coan make eoch month ís capped.Barks
offer 2variet of auings aLounts based on the type of
depostor,features of the product,aqe or purpose
ot
holding the. account ond so on. There are reguar sauings
auounts-,Saving acLounts for children,senior ifizens or
AoMen ,îrstiutional savings
so Manymore
aOunts,famil souingauounts
and

Teocher's Signature.......
 DATE
PAGE NO.

3.Salary Aceount
Arsong the different types of bank accounts,your
auount is the one you haue opened as pe the.
lsalar
He -up
between your employer and the bank.This is the
lauount,where salaries ot ever employee are credited.
Ho at he. beginning of the pay cycle. Emplbyee can pick
on the features they
heir ype of salaryauournt bseda
ant. The bank,hereyou have salar accOunt,also
maintainsreimbursement acourtshis is shere your
allowances ardreimbursements are credited to.

Depcsit Accoust
4Recurring
depasit (RD) bas ca
txed tenuHe. You need to
A
reurcing Month
Linuest a Hked sum of money in it regulacl eNEH uou
onceaquarter to earn interest Unlike FDs Lwhere
lor you need J o
need tomake a lump sum deposit,the Sum
NEst here Smaller and
is more fnequent "YouConngt
to be inestedl
llchange the tenure of the RD ard the amount
month on quarter. Even în cose of RDs, you tacea
each
penalty în the form of
o
loer interest rae for
The. maturity period of an RD.
premotire ithdrawal. mature
could cange. between six months tol0 years.Pre.
on may
ithdrauuala are baweuer,depending the.bank,they
allouw you to cdose your acount before maturity period.

Teacher's Signature.
 DAIE I

|PAGE NO.
3
5.Fxed Depcsit Account

0_park your tnds and eArn

a
derent rateoF intereston
t, there. are different types of acounts ike fxed deposits
you to
and recurring deposito. f(xed deposit(fD) allouos
earn a Hxed rate ef interest for keeping acertoin sum.
s until the f0
ot money Locked in for a given tine, that
lnoature&.eDs. cange betueen a maturity period seven days

to lOyears. he rate of interest you earn

of
on fDs will vary

ldependling on the tenure of the fD. Genecally,you canot

ithdraw money homan FD bebre it matires. Some
bonks offer a premature ofthdraunal fality. But in that
case the interest cate you eorn îs buwer.

6.NRI Acounts
-
Various types of bank accounts for NRls

a)Non-resident ordiaey CNRO)sauings actounts ar fD auounts

NRO accounts are.rupee, acounts.when NRIs deposit.

mone in these accounts, usually in toreign currenuy
tisconverted into INR at the pruailing- exchonge rate.
NRIS can pork money earned in India araveršeas in
NRO bank accourts.Payments like. rent, maturities,

pension,among others,an be sent abroad

Teacher's Signalure.....
 DATE
PAGE No,.

NRO_ accOunts. The încome eorned on these deposit

acOuns îs taxed..
b) Non-residental external(NRE) Savings auaunts or £D.accounts

actounts ond
|NRE deposît acDunts are similor to NRO
he funds în these accounts are maintained în INRAny
mone derasied into these occonts is coverted tto INk

preuailing exchoange rates, But these accounts ore anlyp

Lot both
or parking our earnings fron ahrsad.The funds,
printipa aind înterest are transferable. But, the
not
interest earned_an these deposit ocountS is
taxed in India.
auount
9foreign currency hon -resideny(ECNR)
As
the name suggess cnd unlitke twp types.
the ather
of bank accountsCNR QcLOunts are mointained in
foreian currency. he principal and interest from thce
accounts are trons ferable.,but the interest earned
s not toxed în India.

8ANK

Tescher's Signeture.
 DATE
PAGE NO.:5

DIEFERENT TYPES OF LOANS

Secured Lsans.
Secured Coans are those loans that are prouided
to fuurnish
against security he borrowers need Th the cace
seaurity for Quaiing at Aecured loons.
af seired loans,"lenders face. a ouer risk of
case the bor rouoer is
TIn
ldefoult by the bornouger.
unable to epa the loan,then the lender con sell the.
asset to recouer its dues. This is the main reason why
seured loons carry louer interest rate than
a

unseured loans.
nsecured Loons

These. are the eXa opposite of seuted laans.Unsecured

sans are prouided against the înconme or the praspectie
intome -earning capacity o the borrouer Regarding
unseured loans, the Borrowers are notrequired o
urnish any security. The lenders extend unseured loans.
based on thè douments prouided by te
bornouer, their
income.petenttol,and their CIBiL hištorynsetured bons
increase the pisksof the lender because,in caseot
default by the borroLoer there is no seurity auailoble
tron can recover
with the lnder ushich ?t $
dueshis
is the reascn uhy lendirg insthutions chargea higher
nterest rate for unsecired lcans..
Teacher's Signature..
 |PAGE NO.:

TYPES OF SECURED LOANS

HOME LOANS

These. are te mast common types of seured loanA

aNoiled oF by borrouers, As
the name suagests, home
oonA are taken for the purchase or construLtion sfa
home by the barroner. Here, the bome îtself octs_asa
seurityor lender, Hanever,okile the home
Hhe is

the primony Seucity as elldopending uhon the.

|borrouer's proftle ånd the valiaion athe home.This
can either be a Axed deposit or any asset. Home
aher
oans are long -term laans and the loan tenure can
range from "IO yeors to as longg as 254ears, They
lareusually high kicket ones Lunning into lakhs
laas
and also mast dandable. The harte loan
inteust atea Aat anyohere behoeen T' per
lannum to 7-5°/ per annm. he loan needa to
be repaid in Equated Monthly înstallement (Es)
The Loan-To- Value(LTU)
Haio is uAually 2o...
H
meanA,the bor rower can awoail up to 80 of
the proper ty yalue

Teacher's Signature...
 #
CATE
FAGE OO.:

GHOLD OANS

Gold loans are taken against the gold auoned

by the borroers. Here, qold ats aš aa seurity
oir the lender khereby he horroker can pledge
the gold uwtth
lendér and aunil ef mone from
the
them. The lender retains possessions of the gold
The gold loan interešt pate
unil the loan is repaid.
startt ttom 1.5o'%. per onnum. Here,most lenders
require tte borroLners to pay only he înterest on
t loa amount eoch mcath The principa can
be repaid by the borrouers anyime ,and -the can
take back the af the gold.
posseLafon TIL he
Iprîntipal is repatd,interest nada to be paîd
'each month ain the outstanding prinipal
|Fucther, the LTV on gold oan can ge
to 90 Gaold loon are generally usad for
short- trm needs and hau ashort repaynent
tenureconnpared to home loans and loan
agoinat praperty

GoLD
GOL D

Teacher's Siçnature.......
 |PAGE NO.:
8
IVEHCLE LOANS

the for the purchase

loanh taken
These are
of vehicle. VehicleA can include both passenger
as tw0-Loheelers
and commercial vehicles as well
Hour<wheelers and heauy vehicles. Here., the vehicle
pcimacy "seuity for the lender.
a Th
atshe
aA

event of on-repaument, the lender coa

seize the vehicle. The interest cate. on vehile
loana con start anywhere. betwen
T
per annum
to 75 A per annun. he LIV depends upon
he type of ve hicle. for certaina uehicle upAans,o
the lendercan euen offer loon @f
s
loo %
of the vehicle value.

Tcacher's Signature.
 LOAN AGAINST PROPERTY

This is a kind of mortage loan whereby the

borrouwers can avai) of funds by mortgogingy
their property with the lender. Lóans agains+
property cón be availed of against both 'resicertal
lan commercial properhy.The adminísiration charge.
br
br loanh
home Loons
agaunsn
loand against property arehigher than br
The funds
Lsons,The be "used by
the
lender for either business. or persona pur posea..
The IV fn cose of a loanogoinst property
can be anywhere between G57, to 70%. her, fur
Hhe interest rates. on loans agoinst proper hy
rates
higher as compared to those
arealso slihy
also slighti
oans. interest rate here starts
lonhonne Jhe
from 87 -per anhum.

Tescher's Signalure....
 DATE
PAGE NO.:)

IOAN AGTAINSI SECORTIES

lnvestors_often invest in
shares ond seurities.
can include shares, mutual tunds, bonds
land debe ntures. The investors are eligible
to borrous hnoney from banks and fsanal
insttutions agains these seuriies. Howeuer,
as the seurifes ae Volatile in natureLTV
br loans againat seurities is 50% of the
security This is to_protect the lender
value.
ogainst any douonside. risk _due to a fallin
e
of the seurty. further,
Value
interest rate in the case of
t he
lsans agcinst
seurities also varies depencling upen the
ype of seurity F can start anywhere
befween15o% per
per annum.
 PAGENO,: ||

NON-RECOURSELOANS
the type a
Non-recourse loans. are. of
seured loons hereby the borrousers can
pravide collaterol security n to the lender
or
br boreouning the funds.
n
caseof defoult
Hhe borrooer, the Jender has the right to
seize the collateral Security Houweuer, one ot
he key features of a non -rerource_locm
s
that the lender cannot proceed against
the borrouer the collateral security does
not proufde Aull compensation to the lendér
the lender shal! fono the remaining
amount of the loan ofter reovery frann
the colateral seurity The borrouoer does nst
haue any perSonal liobiit to repay the non
bave
recourse lsan The LTV in the COse case of a
Coon can be onyt
anyuchere
|non-recourse beueen
Goto 0,
80.
 DATE
PAGE NO.:

IOAN AGAINST IXED DEPOSITS

Here. bonks and financal institutions provide
lsans to borrawers agcinst Ared deposits The.
xeddesosits asots as primacy seurity forthe
lender fucther. the Axed deposit ís equivalert
to mone, bonks do not foce mony isks in the
Lcase ot leans ogainst FD Borrouers can Ooil
of loans ogainst ED for an omount up to GoL
to 75L o the ED value In terms of interest
rates while some banks charge a flot interect
irate, other boanks may chorge interest that is
4
-23, cate higher than the Fp rate Currently
Hhe FD cate is anyushere betueen S% to 7.57
per gn num, depending upon. the amount and
tenure. Thus it Can be said that lsans against
are One of the most affordableseured
 DAIE
PAGE NO.:
4
WORKING CAPLTAL LOANS

are bonks.
Wor king capital loans are extended
land fnoncial instiutionA to helpblinesses
meet their aorking capital needs. amount Also
knotwn Cash Ceedit here the
loons that can be auailed of depends
the crediors, debtors and stock that
he business holds Lohich alo con&titutes
he aworking capfal for the busínes. fch
lending Rnstitutons.
calcul&ting he cwor king capftal limit further.
the interest rate on working capitol loans
can start from 12l_per onntm. while. the
stock and debtors act as a
seeurity in
the of working capitad oans, the
lending inshtutions hagrequire the
boccour to furnish coflateral

Teecher's Signature...
 |DAE
PAGE NO. I3
LOAN AGAINST INSURANCE

Loans against insurane arealso One of

the popular secured loans in
insurance polities but.
INDIA. Many.
peoplehave fe
sel dom do they_know that plicie, can adt
secuci against which money can
be barrosed. To
auail of aa loan agoinst
Qn poliey, the
insurante policy poliy must. have.
sur cender value.The.TheLTU caseotloon
85°
against insurance is anywhere between
to per annum he intrest catein
between.
this. Case can start anywhere
to 12lo per annunm..
10lo per annum

Teacher's Siçnalure.....
 DAIE
PAGE NO.:

SHORT-TERM BUSINESS LOANS

Uncertointies can srike the business

cose a
business is facing
anyime Tn can go for
inanciol cruhch then it
-
short term business loons. Jhese bank laons
are structured to helpbusnesse& meet
-
short term uncertoinites and are Ananial
crises. The eligfbilty criteria simple,
Lande the anount of loan that can b.
Ldis bursed depends upon the proftabi lty of
ebuSsíness rates and the profile of Hae.Hae "borrouer
Tbe interest for short- term busines
oans Cah be anshere.12 betieen 1% and
5per_monthie °I. to 81. per annum
Tbe reason that business loans atract
a higher interest rate than personal
loans is that there is a
chance of css
lof borroued funds in the husiness Tn Suh.
lcases the risk falla On the shoulders
lof the lenders.

Teacher's Siçnature.....sso
 1S

TYPES OF UNSECURED LOANS

PERSONAL TOANS
nost
Hhe. Sought -after
These. are one of
bank lsans inIndia. Personal loans are
loans. extended by banks or nandal I
fheu?
institrtions without collateral seurity.
lis essetially laan against the înone
lof the borroer. are The. key does faturesof
personal loons. that it not require
any colloteral seurity, and there the îs no
restricion os to the end useof borrowed
Aunds. The borroDer can uilise the me amount
borrouned tor any pucpose be t dic ol
emergenes, marriage educion of the children,
purchasing ng Or Aravelling The.
amount of personal thata
borrouer
can auail dependa upon the incorme.
the borrouoer and hisherCIBILon score
Lfurther the rates of iaterest personal
|Loans CCun range oanyohere Arom 8]. per
annunm to per annum..
TO
 DAE
NO.T
FAGE

iEDUCATIONAL LOANS

The cost of educationa expenses. is

|rising at a
ropid -pace.IE oneWants
pursue quality education then heshe.
needs to shellot lakhs of Cupees. Th
Such Cases an education. loan provides
The rateinterest
onetary Ossistance stort fram 8-85.
educatan Can
the loan
per annum and theamauntof
the cost of education. The
de upon
pends
re payent for education. Jaons usually
begins 12 months after comple-tion of
th education.

Teacher 's Signature.