A study on various Deposit Schemes, Retail

banking and Internet banking with

reference to Syndicate Bank Bangalore
SUBMITTED BY
Arjun Singh
RID -1802000505
 Executive Summary

• This project is on analysis of various deposits, retail banking and internet banking with reference to
Syndicate Bank, Bajpur.
• Syndicate Bank was established in 1925 in Udupi, the abode of Lord Krishna in coastal Karnataka with
a capital of Rs.8000/- by three visionaries - Sri Upendra Ananth Pai, a businessman, Sri Vamana Kudva,
an engineer and Dr.T M A Pai, a physician - who shared a strong commitment to social welfare.
• In this project the first part presents the organization study and second part of the project presents the
analysis of various Deposits, Retail Banking and Internet Banking with reference to Syndicate Bank,
Bajpur.
• The methodology adopted in this study is that the required data and information was collected from
the annual reports of the bank as well as from the staff by interaction.
 Objectives of the study:

The following objectives have been set for the study

• To analyses the various types of deposits
• To study and analyses the various types of loans.
• To study the retail banking
• To study the Internet banking
 Sources of data collection:

Primary data:
Primary Data has been collected from the staff and authorities of Syndicate Bank by interaction.
Secondary data:
The data required for this study is secondary data. The required secondary data was collected from
the annual report of the Bank from 2012 to 2018.
The data collected from annual report was analyzed and interpreted making comparison of
deposits among themselves from year to year (i.e. from 2012 to 2018).
The information relating to Retail Banking and Internet Banking was collected through
various websites and with the help of manuals.
 SYNDICATE BANK
Head Office: Manipal - 576104.
Syndicate Bank was established in 1925 in Udupi, the abode of Lord Krishna in coastal
Karnataka with a capital of Rs.8000/- by three visionaries - Sri Upendra Ananth Pai, a
businessman, Sri Vaman Kudva, an engineer and Dr.T M A Pai, a physician - who shared a
strong commitment to social welfare. Their objective was primarily to extend financial
assistance to the local weavers who were crippled by a crisis in the handloom industry
through mobilising small savings from the community. The bank collected as low as 2 annas
daily at the doorsteps of the depositors through its agents under its Pigmy Deposit Scheme
started in 1928. This scheme is the Bank's brand equity today and the Bank collects around
Rs. 2 crore per day under thescheme.
 Meaning of Deposits

Deposits means “entrusting ones money to a bank on the condition that it may be withdrawnby
depositors demand or after notice of specified days as may be laid down in the rules of bank”.
Deposit includes money, cheques drafts and proceeds of similar negotiable instruments
placed with bank for the convenience of the depositors deposits creates debtor creditor relationship, as
between the depositors and banker.
Deposits are Banks Property:
A general deposit, in the name of customer, made at a banking concern becomes the property of the
bank, but the bank becomes simultaneously indebted to the customer. The promise to repay the money,
on demand the equivalent of deposits is implied in the banking business.
Bank is under legal obligation to safe keeping of depositor’s money and will be liable to the depositor.
 DEPOSIT SCHEMES

 Saving Deposit Account

 Fixed Deposit Scheme
 Vikas Cash Certificate
 Social Security Deposit
 Quick Money Deposit
 Senior Citizen’s Security Deposit
 Syndicate Suvidha Deposit
 Cumulative Deposit
 Pigmy Deposit
 Cumulative Education Deposit
ANALYSIS AND INTERPRETATION
SI.No Particulars As on 31/3/2017 As on 31/3/2018 Difference %
change
1 Demand 27493067 10.96% 33126561 11.60% 5633494 20.49
Deposits
2 Saving 65755287 26.6% 75110445 26.30% 9355158 14.23
Bank
Deposits
3 Term 157700045 62.85% 177246298 62.08% 19546253 12.39
Deposits
  Total 250948399 100% 285483304 100% 34534905 13.76
 

From the above table it may be inferred that the demand deposit
have increased by 20.49% in 2017-2018.This is followed by
saving deposits 14.23% and term deposits 12.39%.The total
deposits have increased by 13.76% during the year 2017-
2018.The demand deposit constitute the higher proportion of
growth.
 Internet Banking

• Enterprises of every type and size are increasingly adopting an e-business infrastructure as the
primary platform for conducting business. As an outgrowth of this trend, there has been a
dramatic increase in access requirements - characterized by a growing number and type of users,
applications and access methods. In pursuing new business opportunities, businesses are opening
information assets to customers, partners, suppliers and employees, inadvertently exposing their
organizations to significant risk unless they take protective measures.
• Unfortunately, these same organizations find themselves struggling - and failing -- to manage
user identities, authentication and access rights in a way that serves both their business goals and
their security needs. The fundamental problem is that they are using a decentralized approach to
user management and security, which was first developed 40 years ago to protect early timeshare
systems and hasn't changed much since.
 Customer role in enhancing security of their
online banking experience
• Always ensure that PC is updated with latest anti-virus and operating system patches.
• Install personal firewall and anti-spy ware to protect the PC from internet attacks.
• Always change the online banking passwords periodically say every month.
• Review credit card & bank statements regularly and report any irregularities to the bank.
• Report any suspicious or fraudulent e-mail/sites to the bank immediately.
• Always read the online security tips provided by the bank from time to time 
• If a secure session is established and the information is encrypted during transmission,
then others will not be able to view customer information.
 PAYMENT OF EXCISE AND SERVICE
TAXES THROUGH INTERNET BANKING
Salient Features
• The Hon. Finance Minister has inaugurated the facility of enabling the payment of Central Excise and
Service Taxes through Internet Banking Channels on 11.5.2005. Salient features of this facility are as under:
• Customers can pay the Central Excise or Service tax provided, he/she has a valid assesses code allotted by
the Commissionerate of Excise / Service Tax, and has Internet Banking facility for his/her account/s with any
of CBS branches.
• Working System:
• Customer can log-on to Syndicate Bank website www.syndicatebank.com on the Internet. In the home page,
customer have to choose “Retail” option available under “Net Banking” at the right top portion of the
screen. This will open up the Internet Banking Login Screen.
 FINDINGS

• From the analysis it may be inferred that the demand deposit have increased by 20.49% in 2017-2018.This is followed by
saving deposits 14.23% and term deposits 12.39%.The total deposits have increased by 13.76% during the year 2017-
2018.The demand deposit constitute the higher proportion of growth.
• From the analysis it may be inferred that the demand deposits have increased by 3.73% in 2017-2018.This is followed by
saving deposits 15.06% and term deposits 4.84% and total of all deposits have increased by 73.99% during 2014-
2015.The increase in demand deposit has come down compared to previous year where as saving bank deposit show
steady position however term deposit has come down to 4.83%.The total deposit has grown heavily.
• From the analysis it may be inferred that the bills purchased and discounted increased by 37.89% in the year 2016-
2017.This is followed by cash credits, overdrafts and loans repayable on demand increased by 3.57% ,term loan
increased by 67.75%,secured by tangible assets increased by 33.72%,covered by bank/government guarantees increased
by 34.25%,unsecured loans increased by 44.23%.and priority sector increased by 39.14%,public sector increased by
68.47%,banks increased by 14.13%,others increased by 30.87%.and due from banks increased by 47.55%.and syndicated
loan decreased by 18.79% and others decreased by 1.43%.and the total loans have increased by 36.42%.
 LI M I TAT I O N S
• The period covered in this study is limited.
• This study covers very basic information on deposit schemes, retail banking and internet
banking.
• The study of deposit schemes and retail banking is restricted to Bijapur branch only.
 CONCLUSION
• To conclude total deposit have been increasing from the past two years .On the contrary
the rate of interest is falling every year ,depositors were attracted by different rate of
interest on different deposits. Hence bank is to increase its deposits further. This would
help the bank to widen the operations in the year to come. Further the bank already
computerized its operations for quick and satisfactory services.
• The Bank is well equipped to meet the challenges of the 21st century in the areas of
information technology, knowledge and competition. Syndicate Bank is committed to
improve the quality of service to its clientele through extensive induction of technology in
its day to day operations. It has launched a major initiative on the IT front through
implementing the Centralized Banking Solution (CBS).
 BIBLIOGRAPHY

• Annual Reports of the Bank.

• Bank Journals
• WEBSITES :
• www.syndicatebank.com
• www.rediffmail.com
• www.google.com