Bank Account

Top PDF Bank Account:

Study of the Adoption of Banking Technologies Amongst Bank Account Holders of Rajkot City

Study of the Adoption of Banking Technologies Amongst Bank Account Holders of Rajkot City

in the remote, difficult and the most isolated areas of the country in terms of branches, which is recognized as one of the largest network in the world. Again introduction of modern technologically driven products and services in the Banks' Product/Service Mix has introduced both prospects and the related problems that need to be addressed. Though similar studies have been undertaken in other parts of India, work needed to be done in Gujarat especially in Rajkot City. It is in this backdrop, the researcher has chosen to analyse the adoption rate of the banking technologies amongst Bank Account Holders of selected Private & Public Sector Banks in Rajkot City in the state of Gujarat. Thus the research problem has been defined following a gap identified after reviewing the existing literature in the area.

12 Read more

III. KYC (KNOW YOUR CUSTOMER) INFORMATION FOR CUSTOMERS INTENDING TO OPEN BANK ACCOUNT

III. KYC (KNOW YOUR CUSTOMER) INFORMATION FOR CUSTOMERS INTENDING TO OPEN BANK ACCOUNT

The first step in the laundering process for criminals is to get their money into an account with a Bank, often using a false identity and address. The funds so deposited will be transferred to other accounts locally or abroad or used for buying goods or services. These transactions would appear to be like any legally earned money and becomes difficult to trace it back to its criminal past. Banks under law should not only prevent this, but should stop criminals who wish to use the banking channel to launder the ill-gotten money from illegal / criminal activities. How could this affect you as a customer?

6 Read more

When is a choice not a choice?:"sham offers" and the asymmetry of adolescent consent and refusal

When is a choice not a choice?:"sham offers" and the asymmetry of adolescent consent and refusal

One everyday example is that of a (certain kind of) shared bank account where both A and B have the power to authorise the bank to make a payment from the account, but neither has veto power. 2 If either A or B decides to authorise the payment, their "consent" is normatively efficacious. However, if A decides to authorise a payment, but B decides not to, B’s decision is normatively inert. Or, if B refuses to authorise a payment, A may authorise it anyway. Here, then, we have an asymmetry between consent and refusal, and it is nothing to do with A or B's competence. As I noted in 'Transitional Paternalism' there are (obviously) important differences between a shared bank account and the normative situation of adolescent consent to clinical interventions. 3 More specifically what justifies—or "grounds"—the sharing of such powers will be different. The sharing of powers in the bank account case may be grounded in some kind of agreement or mutual consent. In contrast,

22 Read more

CASHLESS ECONOMY IN INDIA: CHALLENGES AHEAD

CASHLESS ECONOMY IN INDIA: CHALLENGES AHEAD

It does not involve any wallet and is simply a method of online transfer of funds from one bank account to another bank account, credit card, or a third party. It can be used through a computer or mobile phone. A person has to log in to her/his bank account on the internet and transfer money via national electronic funds transfer (NEFT), real-time gross settlement (RTGS) or immediate payment service (IMPS), all of which come at a nominal transaction cost.

7 Read more

Measurement Of Customer Satisfaction On Demographic Variables Of Banking Sector In National Capital Region - An Empirical Analysis

Measurement Of Customer Satisfaction On Demographic Variables Of Banking Sector In National Capital Region - An Empirical Analysis

From Table 2, it is evident that majority of the respondents i.e. 141 out of 229 from the public sector have preferred ATM services (by providing this service as Rank 1). Next, 30 respondents preferred realisation of instruments like DD/policy maturation for opening their bank account. On the contrary, out of 289 respondents from the private sector, 167 respondents have opted for ATM services followed by 29 respondents have opted for getting loan facilities. This is very obvious as the customers want to open the account in any bank just because of transacting their account in frequent basis. ATM also helps customers in providing funds at anytime and anywhere of the world. Moreover, most of the public sector banks provide Demand Draft services and policy maturation services to the customers if they have their account with their branches. So, customers prefer to open their bank account in public sector banks to avail the service of getting a demand draft easily and receiving the funds through policy maturation. Similarly, maximum customers now prefer to get loan facilities which are easily provided by the private sector banks as they do require less documentation process and less time to sanction loans. So, customers prefer private sector banks for opening the account to get different types of loans easily from the banks.

30 Read more

A Model for Protecting Online Banking Using Transaction Monitoring

A Model for Protecting Online Banking Using Transaction Monitoring

Person 'N' has an internet banking account in Bank 'X' and logs on to their account or visit any ATM to do risky financial transaction like: Funds transfer from bank’s account to any other domestic or international bank’s account. Massive credit or debit of plastic money. Credit card payment. This payment refers only to credit cards issued by some bank Transaction from ATM NOW 'N' enters the amount in his online bank account and destination account number, after the process 'N' receives a e- receipt from bank 'X' which confirm the transaction happen successfully. But later after checking the bank statement confirms that the huge amount has been debited to some unknown account. Or if person 'N' loses his debit or credit card and person knowing his pin code got card and has unlawfully debited huge amount of money. online banking is exposed to the possibility of being attacked to MSW/ MITM attacks because of the below mentioned justification [5].

5 Read more

Board Governance and Firm Performance: A Panel Data Analysis

Board Governance and Firm Performance: A Panel Data Analysis

The ability of banks to offer clients access to several markets for different classes of financial instruments has become a valuable competitive edge. Convergence in the industry to cater to the changing demographic expectations is now more than evident. Bank assurance and other forms of cross selling and strategic alliance will soon after the business dynamics and revenue. The thrust on farm sector, health sector and service offers several investment linkages. In short, the domestic economic is an increasing pie which offers extensive economics of scale that only large banks will be in a positions to tap. With the phenomenal increasing in the country’s population and the increased demand for banking services; speed, service quality and customer satisfaction are going to be key differentiators for each bank’s success in the future. Thus it is imperative for banks to get useful feedback on their actual response time and customer service quality aspects of retail banking, which in turn will help them take positive steps to maintain a competitive edge.

13 Read more

Utilization of Mobile Banking Facilities with Special Reference to Salem District

Utilization of Mobile Banking Facilities with Special Reference to Salem District

The major concern among customers was the safety concern regarding mobile banking services which forms a real obstacle to use the service, followed by network problem and insufficient operating guidance. The research also found that even most of those who frequently use the Mobile Banking services, usually do not conduct much of financial transactions, but find the service very useful for information based transactions mainly checking account status. This means that the Mobile banking services is not solving the purpose it was originally made for, which is to provide customer convenience and reduce customer visits to the banks. Based on the findings, it is strongly believed that ensuring the security of Mobile banking and familiarizing customers with how to use the service will definitely increase the rate of using Mobile banking services.

13 Read more

An Analysis of Financial Performance of SIDBI

An Analysis of Financial Performance of SIDBI

Interpretation:Table 3 depicts the profitability position of Bank during the period of the study. Total income of Bank during the period increased from Rs 11872 million to Rs 57846 million with CAGR of 19.24 % . Total income of Bank shows increasing trend throughout the period. Similarly, net income of Bank also increased with average increase of Rs 6956 million and CAGR of 16.92 %. Dividend declare by SIDBI was increased from Rs 675 million in 2006-07 to Rs 1125 million in 2014-15. In the FY 2015-16, it decreased to Rs 947 million.

7 Read more

Customer Service in the 21st Industry James F. Traylor

Customer Service in the 21st Industry James F. Traylor

Some characteristics required for trusted professional relationships: cooperative engagement, listening, responding, knowledgeable and emotional bank accounts. Psychologists and teachers are members in the service industry who rely on cooperative relationships. Wueste, „The customer isn‟t always right: Limitation of customer service approaches to education or why Higher Ed is not Burger King, elaborated on the roles and duties of a psychologist and other professionals. I would like to compare the responsibilities of psychologistsand teachers in the context of cooperative relationships. Webster defines cooperative as the willingness and ability to work together. Cooperative relationships are based on combined efforts to reach the goal. Psychologists‟ help patients paint a picture of a more holistic and sound person, whereas teacher assist studentsin seeingthemselves as a productive members of society. Psychologist and patient relationshipsare cooperative engagement relationships like teacher and student. The successes of their efforts are based on cooperative relationships. Cooperative relationships are founded on trust and mutual respect for each other. A patient must believe that the psychologist is knowledgeable and cares about them. The psychologist makes treatment plans with the assumption that patients will act on the recommendations. Their successes are influenced by their joint understanding and respect for each other.

5 Read more

Fingerprint Authentication System: Toward Enhancing ATM Security

Fingerprint Authentication System: Toward Enhancing ATM Security

One of the major problems people face is the loss of the password and not remembering it again, these have cause a lot of damage to many people and organizations. ATM fraud has been very common in all banks and the problems has created fear in many costumers heart that they prefer going to the bank to collect their money than to use an ATM, also many people are illiterate that they don’t know how to use the ATM card. So, the main aim of introducing ATM machine has not been met because you still find long queues in almost all banks in Nigeria. The existing ATM machine uses PIN-Card as a security which is very weak and easy to contravene. This paper tries to find a solution to the above problems by introducing fingerprint authentication into the existing ATM machine. A program prototype was designed to imitate a typical ATM system that uses fingerprint identification to enhance the security of the ATMs. The proposed system demonstrated a three-tier architectural structure. The verification system which centered on the enrolment, enhancement, feature extraction and matching of fingerprints. The backend database system that serves as warehouse of the templates of all ATM account holders’ pre-registered fingerprints. The system’s platform creates related transactions such as withdrawals, bill payment, buying of credit cards and balance enquiries etc. The results obtained confirm that the current approach could significantly reduce ATM fraud if not totally eradicate it.

6 Read more

Bubble Bank

Bubble Bank

have learned to successfully circumvent, these restrictions are internal, and deceiving oneself is usually not beneficial. However, from the point of view of the regulator, which evaluates the result in terms of CAR, the level of bank self-restraint may seem inappropriate, for example, if the ratio is too low. In this paper we derive the conditions of the existence and uniqueness of equilibrium, which have the clear economic interpretation and appropriate for both analytical and numerical study.

29 Read more

Evaluation of the Factors Determining Risk of Growing Current Account Deficit to the Country in the Context of Economic Growth

Evaluation of the Factors Determining Risk of Growing Current Account Deficit to the Country in the Context of Economic Growth

of risk or risk-free determinants of growing current account deficit in the country, but many authors recognize that a risk of current account deficit to the economic growth rate in a country can vary because of its different determinants (Camarero et al., 2009; Blanchard & Milesi- Ferretti, 2011; Corden, 2007, 2008, 2011). The risk of the growing current account deficit or the size of it is usually associated with the negative changes in economic growth - economic growth slowdown, experienced by the countries after the current account deficit. Further the authors of the paper aim to discuss and identify the growing current account deficit factors that could explain its risk to the country - economic growth slowdown. It should be noted that purposefully growing current account deficit may not be reflected in a slowdown in economic growth in the country, depending on the factors which have led to its formation. To understand the functioning of money demand is extremely important for the country (Foresti & Napolitano, 2014). The need for external capital inflow to finance current account deficit or some short-term economic failures of the developing countries cannot be over-emphasized, too (Zilinske, 2010). On the empirical

11 Read more

A study on client's mindfulness on Green banking activities in chose public and private area saves money with uncommon

A study on client's mindfulness on Green banking activities in chose public and private area saves money with uncommon

From the above information we can see that green activities like Communication through Press, Bank natural approach, Concession on vitality reserve funds, Solar ATMs, Green CDs are few green keeping money activities that are still not presented by the particular banks as indicated by the respondents. According to the information 60 % of the respondents concur these activities are still not started. Be that as it may, these ideas are new in India in this manner it can be the likely purpose behind poor mindfulness level among customers. The case could be that despite the fact that few green saving money techniques are started by the bank ,clients don't know. With respect to example, SBI was the first in India to begin presenting Solar force ATMs however 60 % of the respondents don‟t know this and „Pockets by‟ ICICI is to start with in India to do a huge number of managing an account administrations on the online networking website, Face book. So bank ought to outline a solid techniques to advance these green keeping money activities as done in different nations.

6 Read more

The Use of Financial Inclusion Data Country Case Study: South Africa

The Use of Financial Inclusion Data Country Case Study: South Africa

There is no doubt that the Mzansi account was a major contributor to the extension of financial services to the unbanked and the improvement in financial inclusion in the country. In the eyes of the users it legitimised the banks’ entry into the lower income market and it gave the banks invaluable exposure to the dynamics of banking these segments. The issues of active usage, change in transactional behaviour and improvement in the propensity to save remain as issues that that requires continued focus and intervention. At the same time, the Mzansi account also pointed to the limitations of a joint approach, especially as saturation levels were being reached. The necessary stimulus for innovation appears to be lacking in this environment, particularly as the banks perceived a “second brand” being created.

12 Read more

Off-line  Digital  Cash  Schemes  Providing  Unlinkability,  Anonymity   and  Change

Off-line Digital Cash Schemes Providing Unlinkability, Anonymity and Change

In [23], Ramzan presents an application of the blind signature idea to digital cash. There are three stages: withdrawal, spending and deposit, and when the shop deposits Alice’s ecash at the bank, the bank is able to determine that it has not already been spent. By using blind signing, Alice remains anonymous both to the bank and the shop. As in our scheme, only the Central Bank is able to tell which bank branch issued the ecash. However, the shop is unable to provide change to Alice in the Ramzan scheme and so her ecash must be for the exact amount of the transaction. The distinguishing feature of the Ramzan scheme is argued to be its scaleability – shops and bank branches can join the Bank Group at any time. The scheme has a major flaw however – the shop must be online with the bank to verify the ecash before sending the sale item to Alice. The scheme we have developed in this paper uses the principal features of blind signature of the Ranzam scheme, and retains its scaleability, but in addition, it is able to function in an offline setting (the shop can issue goods before checking with the bank for double-spending) as well as adding the feature of providing change for an ecash larger than required.

39 Read more

Ownership of companies in Scotland

Ownership of companies in Scotland

counterbalancing family shareholding. These firms account for £19,878 million of value added, 47.2 per cent of the RBS Top 100 total and include the ver y large banks, the Royal Bank of Scotland and Halifax Bank of Scotland, as well as very large privatised utilities. One of the biggest of these is Scottish and Southern Energy generating £1,105 million value added. Here the major investors include Prudential (3.18 per cent), Legal and General (3.17 per cent) and Fidelity (3.12 per cent). A smaller and more traditional company is the Weir Group whose value added is £293 million and whose investors include Schroder (9.70 per cent), Axa (5.31 per cent), Prudential (3.97 per cent) and Legal and General (3.05 per cent). As can be seen, these two firms have two of their major shareholders in common, a pattern repeated several times over among the thirty companies in this section. Legal and General has significant holdings in 16, the Prudential has nine, FMR Corporation and Fidelity six and Barclays PLC Global Investment five. Schroder Investment Management, Artemis Investment Management and Capital (Group Incorporated) all have four and Invesco, Standard Life, Aberforth and Axa Sun Life three.

9 Read more

International Journal of Emerging Technology and Advanced Engineering

International Journal of Emerging Technology and Advanced Engineering

The system provide the facility of Balance Enquiry, View Statements, Bill Payment, and Funds Transfer within the same bank or another bank account at the same time to the user. The much more thing is security factor. This centralized Internet Banking System is very secure for Administrators, Customers and to others.

6 Read more

Service Delivery and Customer Satisfaction in Nigerian Banks

Service Delivery and Customer Satisfaction in Nigerian Banks

In terms of empirical literature, many studies have provided evidence on the importance of CRM in business organizations. For instance, Taylor (1994) studied a survey of delayed airline passengers and finds that delay decreases service evaluations by invoking uncertainty and anger affective reactions. Deacon and Sonstelie (1985) evaluated customers’ time value of wa iting based on a survey on gasoline purchases. Although surveys are useful to uncover the behavioral process by which waiting affects customer behavior and the factors that mediate this effect, they also suffers from some disadvantages. Forbes (2008) analyzed the impact of airline delays on customer complaints, showing that customer expectations play an important role mediating this effect. Campbell and Frei (2010) study multiple branches of a bank, providing empirical evidence that teller waiting times affect customer satisfaction and retention. Their empirical study reveals significant heterogeneity in customer sensitivity to waiting time, some of which can be explained through demographics and the intensity of competition faced by the branch. Aksin-Karaesmen et al (2011) modelled callers’ abandonment decision as an optimal stopping problem in a call center context, and find heterogeneity in caller’s waiting behavior. Our study also looks at customer heterogeneity in waiting sensitivity but in addition we relate this sensitivity to customers’ price sensitivity. This association between price and waiting sensitivity has important managerial implications; for example, Afeche and Mendelson (2004) showed that it plays an important role for setting priorities in queue and it affects the level of competition among service providers.

16 Read more

Frame-Based Multiple-Description Video Coding with Extended Orthogonal Filter Banks

Frame-Based Multiple-Description Video Coding with Extended Orthogonal Filter Banks

In this paper, we present a multiple-description video cod- ing scheme based on the extension, using frame-based anal- ysis, of a filter bank that computes the spatial polyphase components of the input video frames. Each resulting video subsequence is then coded with a standard H.264 coder. A simple modification of the decoder allows to increase robustness to packet losses by exploiting the added redun- dancy by means of reconstruction via the dual frame. In the event of excessive errors, when the resulting frame op- erator becomes incomplete and no direct reconstruction is possible, bilinear spatial interpolation is used to recover necessary information. We also considered the case of an interpolation procedure which operates in the temporal do- main. A detailed analysis toward system design and evalua- tion of reconstruction error bounds was carried out.

17 Read more

Show all 10000 documents...