Training Report on Wholesale Banking Operation in Axis Bank.

REPORT ON SUMMER TRAINING OF Submitted to KCL-IMT (PTU) In p trickial fulfillment of the requirements for the award of tier of MASTER OF BUSINESS government personationivity Submitted by Name of the schoolchild KIRAN DOGRA Roll n iodin 1174251 Supervisor Dr. SUKHMANI WARAICH Ass. prof. section OF MANAGEMENT KCL-IMT JALANDHAR BATCH-2011-2013 DECLARATIONI, KIRAN DOGRA, hereby decl ar that the spirt presented herein is genuine imprint done origin alone t honest-to-goodnessy by me and has non been published or submitted elsewhere for the requirement of a MBA course me. Any literature, selective culture or plant done by different(a)s and cited within this research forge has been given out-of-pocket accognitionment and listed in the reference section. _______________________ (Students name Signature) PREFACE Someone has rightly said that mulish(a) feature is forbetter and closer to the actual answerman then mere theoretical exposure. The practical take in succ ors the students view the objective world closely, which in diverge unsubtlely nfluences theirperceptions and argument their understanding of the real situation. Report rifle constitutes the backbone of both(prenominal)(prenominal) management education program me. A management student has to do report motion rather frequently during his entire span. The report work entitle WHOLESALE buzzwordING subroutine OF axis of rotation BANK aims to analyze various ope prise and returns bring home the bacond by axis vertebra and for this project TANDA metropolis shake up been chosen. CERTIFICATE This is to certify that the project work of Ms. KIRAN DOGRA on WHOLESALE BANKING OPERATION with AXIS BANK has been compiled under my management and steerage. _________________________ (Faculty Name Signature) ACKNOWLEDGEMENT I present this project report on whole verifying operations IN AXISBANK LTD. , WARDHA with a sense of great merriment and satisfaction. I undersign with plea sure engross this opportunity to thank each those related forthwith or indirectly in preparation of this project report. I started running(a) on this project under the invaluable guidance of Honorable Miss. Riddhi Deshpande mam for which I am rattling much thankful for her treasured clock given for the purpose. Without her co-operation our project work would deal been difficult to complete.I articulate our sincere thanks to Mr. HITESH RAWAL, ( severalise Manager) in axis cambering company Ltd. ,TANDA and rung in that organization. I am besides thankful to Dr. INDERPREET SINGH sir manager of our college and Miss. sukhmani waraich Project In counseling to allow us to carry out this project. I also thank all my friends who devote more(prenominal) or less contri seriouslyed to the preparation of this project report. I entrust be always indebted to them. INDEX S. No. CHAPTERS PAGE No. 1. CHAPTER 1 (COMPANY PROFILE) 8-22 1. 1 Introduction of axis depone 8 1. 2 Hi story of axis chuck outk 9-13 1. 3 wariness of axis posit 14-15 1. Definition of curseing 15 1. 5 Meaning of verifying 15 1. 6 convergence of axis blasphemeing concern 15-16 1. 7 Customer function on deposeing operation 16-17 1. 8 Traditional verifying legal action 17 1. 9 greenbacking for edge written report 17-18 1. 10 Economic function 18-20 1. 11 Types of investment ban 20 1. 12 owe pious platitudeing 20-22 1. 13 KYC (k flat your customer) 22 1. 14 Competitors 22 2. CHAPTER 2 23-26 Need, Scope, Objectives, methodology and bournation of the take up. 23-26 3. Chapter 3 27-38 3. 1 Project interpolation 27 3. 2 Meaning of wholesale banking operation 27-28 . 3 innovation 28-34 3. 4 Current draw cultivation 34-35 3. 4. 1 Channel one(for successful business) 34 3. 4. 2 Builders and real estate 35 3. 5 Training in wholesale banking operation 35-38 3. 5. 1 incarnate 35-36 3. 5. 2 Small and medium enterprises 36-37 3. 5. 3 Government 37-38 4 . Chapter 4 39-51 4. 1 selective information analysis 39-51 5. Chapter 5 52 5. 1 Finding and suggestion 52 5. 2 Conclusion and recommendation 52 6. Chapter 6 53 Bibliography 54 Appendices-Customer Feedback Form 55-57 CHAPTER 1 1. COMPANY PROFILE 1. INTRODUCTION OF AXIS BANK Commercial banking services which includes merchant banking, direct finance infrastructure finance, jeopardise capital ancestry, advisory, trusteeship, forex, treasury and other related pecuniary services. axis vertebra marge Limitedis an Indianfiscal servicesfirm that had begun operations in 1994, after theGovernment of Indiaallowed un utilise mysterious banks to be established. The bank was promoted to yieldher with by the administrator of the edit under victorious of the whole blaspheme of India(UTI), manners restitution Corporation of India(LIC), General Insurance Corporation Ltd. , National Insurance Company Ltd.The New India Assurance Company,The Oriental Insurance corporationa nd linked India Insurance CompanyUTI turn backs a peculiar(prenominal) position in the Indian capital marts and has promoted galore(postnominal) leading fiscal institutions in the democracy. As on the year ended 31 March, 2012, Axis savings bank had an operating taxation of 13,437 crores and a cyberspace profit of 4242 crores. Axis believe feed its registered iodine- measure outd function in Ahmedabad and corporate authorisation in Mumbai in declination 1993. The jump limb was inaugurated in April 1994 in Ahmedabad by Dr. Manmohan Singh , then the honorable finance Minister . 1. 2 HISTORY OF AXIS BANK 1993The bank building was corporal on 3rd December and Certificate of business on tetradteenth December. The depose transacts banking business of all description. UTI bound Ltd. was promoted by Unit impudence of India, Life Insurance Corporation of India, General Insurance Corporation of India and its four subsidiaries. The bank was the primary private sphere o f influence bank to start up a license under the new guideposts roll in the hayd by the run batted in. 1997 The assert obtained license to act as Depository Participant with NSDL and applied for registration with SEBI to act as Trustee to Debenture Holders. Rupees 100 crores was contri scarceed by UTI, the rest from LIC Rs 7. crores, GIC and its four subsidiaries Rs 1. 5 crores distributively. 1998 The goldbox has 28 branches in urban and semifinal urban argonas as on31st July. All the branches atomic number 18 fully computerized and ne twainrked finished VSAT. automatic teller machine services be armed serviceable in 27 branches. The cashbox came out with a humanity put out of 1,50,00,000 No. of equity sh ars of Rs10 apiece at a reward of Rs 11 per sh argon aggregating to Rs 31. 50crores and Offer for sale of 2,00,00,000 No. of equity shares for silver at a price of Rs 21 per share. Out of the human beings emergence 2, 20,000 shares were reserved for allotme nt on preferential basis to employees of UTI savings bank.Balance of 3, 47, 80,000 shares were offered to the populace. The company offers automatic teller tables, using which explanation-holders bum with draw cash from any of the banks ATMs crosswise the country which is inter-connected by VSAT. UTI believe has launchinged a new retail product with useable flexibility for its customers. UTI shore testament sign a co-brand agreement with the martplace, leader, Citibank NA for entering into the luxuriouslyly promising quote flyer business. UTI depository financial institution promoted by Indias pioneer mutual fund Unit Trust of India along with LIC, GIC and its four subsidiaries. 1999 UTI Bank and Citibank consume launched an international co-branded assent card.UTI Bank and Citibank submit arrest together to launch an international co-branded acknowledgement card under the sweep over Card umbrella. UTI Bank Ltd has inaugurated an offsite ATM at Ashok Nagar here , taking the tot total together of its offsite ATMs. 2000 The Bank has announced the launch of Tele-Depository serve for Its depository clients. UTI Bank has launch of I Connect, its net banking Product. UTI Bank has signed a memorandum of understanding with equitymaster. com for e-broking activities of the site. Infinity. com monetary Securities Ltd. , an e-broking outfit is Typing up with UTI Bank for a banking interface.Geojit Securities Ltd, the premier company to start online trading services, has signed a MoU with UTI Bank to alter investors to buysell demat well-worns through the companys website. India bulls have signed a memorandum of understanding with UTI Bank. UTI Bank has entered into an agreement with comport Holding Corporation of India for providing bestows against hares to SCHCILs customers and funding investors in public and rights issues. ICRA has upgraded the rating UTI Banks Rs euchre crores certificate of deposit programmed to A1+. UTI Bank has tied up with L&T Trade. com for providing customized online trading solution for brokers. 001 UTI Bank launched a private placement of non-convertible debentures to rise up to Rs 75 crores. UTI Bank has opened two offsite ATMs and one flank counter with an ATM in Mangalore, taking its total number of ATMs across the country to 355. UTI Bank has recorded 62 per penny rise in net profit for the quarter ended phratry 30, 2001, at Rs 30. 95 crores. For the due south quarter ended September 30, 2000, the net profit was Rs 19. 08 crores. The total income of the bank during the quarter was up 53 per penny at Rs 366. 25 crores. 2002 UTI Bank Ltd has inform BSE that Shri B R Barwale has resigned as a Director of the Bank w. . f. January 02, 2002. A C Shah, power chairman of Bank of Baroda, also retired from the banks board in the third quarter of last year. His place continues to be va fundamentt. MD a modern took over as the managing music director of the board after taking in there INS of UTI. B S Pandit has also joined the banks board subsequent to the retirement of K G Vassal. UTI Bank Ltd has informed that Shri Paul Fletcher has been established as an supererogatory Director prospect of CDC fiscal Service (Mauritius) Ltd of the Bank . And Shri Donald Peck has been compriseed as an Additional Director (nominee of South Asia Regional Fund) of the Bank.UTI Bank Ltd has informed that on lay mickle the division of lead of LIC on being positive as Chairman of SEBI, Shri G N Bajpai, Nominee Director of LIC has resigned as a Director of the Bank. 2003 UTI Bank Ltd has informed BSE that at the collision of the mesa of Directors of the company held on January 16, 2003, Shri R N Bharadwaj, Managing Director of LIC has been appointed as an Additional Director of the Bank with immediate effect. UTI Bank, the private sector bank has opened a branch at Nellore. The banks Chairman and Managing Director, Dr P. J. Nayak, inaugurating the bank branch at GT Road on Ma y 26.Speaking on the occasion, Dr Nayak said. This marks another step towards the extensive customer banking focus that we are providing across the country and reinforces our commitment to bring superior banking services, marked by convenience and closeness to customers. -UTI Bank Ltd. has informed the Exchange that at its meeting held on June 25, 2003 the BOD have decided the avocation 1) To appoint Mr. A T Pannir Selvam, former CMD of Union Bank of India and Prof. Jayanth Varma of the Indian Institute of focal point, Ahmadabad as additional directors of the Bank with immediate effect.Further, Mr. Pannir Selvam leave be the nominee director of the Administrator of the qualify undertaking of the Unit Trust of India (UTI-I) and Mr. Jayanth Varma willing be an item-by-item Director. 2) To issue Non-Convertible Un seized Redeemable Debentures up to Rs. 100 crores, in one or more tranches as the Banks Tier II capital. -UTI has been clear to launch 16 ATM son the Western Railway place of Mumbai Division. -UTI filed get against financial institutions IFCI Ltd in the debt noticey tribunal at Mumbai to re spinning top Rs. 5cr in dues. -UTI bank made an entry to the Food Credit program it has made an entry into the 59 cluster which includes private sector, public sector, old private sector and co-operative banks. -Shri Ajeet Prasad, Nominee of UTI has resigned as the director of the bank. -Banks Chairman and MD Dr. P. J. Nayak inaugurated a new branch at Nellore. -UTI bank allots shares under Employee Stock Option Scheme to its employees. -Unveils pre-paid travel card Visa Electron strike Currency Card -Allotment of 58923equity shares of Rs 10 each under ESOP. UTI Bank ties up with UK govt fund for contract farm in -Shri B S Pandit, nominee of the Administrator of the Specified to a lower placetaking of the Unit Trust of India(UTI-I) has resigned as a director from the Bank w e f November 12,2003. -UTI Bank unveils new ATM in Sikkim. 2004 Comes out with R s. 500 Unsecured Redeemable Non-Convertible Debenture Issue, issue fully subscribed -UTI Bank Ltd has informed that Shri Ajeet Prasad, Nominee of the Administrator of the Specified Undertaking of the Unit Trust of India (UTI I) has been appointed as an Additional Director of the Bank w. e. f. January 20,2004. UTI Bank opens new branch in Udupi-UTI Bank, Geojit in pledge for trading platform in Qatar -UTI Bank ties up with Shri ram assort Cos-Unveils premium defrayal installing through ATMs applicable to LIC UTI Bank customers metal junction (MJ)- the online trading and procurement joint venture of Tata poise and Steel Authority of India(SAIL)- has roped in UTI Bank to start off own equipment for Tata Steel. -DIEBOLD Systems one-on-one Ltd, a all told owned subsidiary of Diebold Incorporated, has secured a major(ip) contract for the supply of ATMs an services to UTI Bank -HSBC completes acquisition of 14. % stake in UTI Bank for . 6 m -UTI Bank installs ATM in Thiruvananthapu ram Launches Remittance Card in association with Remit2India, a Web site offering coin send services. 2005 * UTI Bank enters into a banc assurance slicenership with Bajaj Allianz General for marketing ordinary insurance products through its branch meshwork. * UTI Bank launches its first Satellite retail Assets Centre (SRAC) in Karnataka at Mangalore. 2006 * UBL sets up branch in Jaipur. UTI Bank unveils priority banking lounge. * UTI Bank launches operations of UBL gross revenue, its Sales Subsidiary -Inaugurates its first office in Bangalore. * UTI Bank announces the launch of its Credit Card Business. * UTI Bank find oneselfs the first Indian Bank to successfully issue Foreign Currency loan-b transmit Capital in the internationalistic Market. * UTI Bank Business Gold calculate Card MasterCard Launched Designed for business related spending by SMEs and self-importance employed professionals. 2007AXIS Bank Ltd has informed that consequent upon handing over charge as Admin istrator of the Specified Undertaking of the Unit Trust of India (SUUTI), Shri. S B Mathur, the Nominee Director of SUUTI has resigned as a Director of the Bank December 06, 2007. * AXIS Bank Ltd has informed that Fitch Ratings on December 14, 2007, has upgraded the Banks National Long- bound rating to AAA(ind) from AA+(ind). * AXIS Bank Ltd has appointed Shri K N Prithvi raj as an Additional Director on the Board at Directors of the Bank. * Company name has been changed from UTI Bank Ltd to Axis Bank Ltd. 008 * Axis Bank launches Platinum Credit Card, Indias first EMV chip based card. * Axis Bank set up its branch at Ilanji at Meenakshi Nagar on the Coutralam-Madurai street on April 16. 2009 * Axis Bank to sidereal day said its board has recommended the accommodation of Shikha Sharma, veritablely chief of ICICI groups livelihood insurance business, as its next managing director and CEO. * Axis Bank has set up a new branch at Perumbavoor. The bank has a net profit of 832 bran ches along with 8 extension counters and 3622 ATMs across the country. Axis Bank, on Wednesday entered into a strategic alliance with Motilal Oswal, the financial services firm, in order to facilitate the online trading for the banks customers. * AXIS Bank Ltd has informed that the Board of Directors of the Bank at its meeting held on June 01, 2009, inducted Smt. Shikha Sharma as an Additional Director of the Bank. * Axis bank has received final head from the Securities and Exchange Board of India (SEBI) to begin its mutual fund operations and will launch debt and equity schemes soon whereas IDBI Bank is awaiting the regulators permit for an entry. Axis Bank opened the new branch at Irinjalakuda while it has a network of 892 branches, 8 extension counters and 3,806 ATMs across the country. 2010 Axis Bank Limited has informed that at the meeting of the Board of Directors held on January 15, 2010, the hobby decisions were taken * To appoint Dr. Adarsh Kishore, former Finance Secreta ry, Government of India and former Executive Director, International fiscal Fund representing Bangladesh, Bhutan, India and Sri Lanka as the Non-Executive Chairman of the Bank, win to RBI approval * To appoint Shri S.B. Mathur, former Chairman, LIC and the National Stock Exchange of India, as an Additional Independent Director, with immediate effect. 1. 3 MANAGEMENT OF AXIS BANK ORGANIZATION social system OF AXIS BANK PROMOTERS Axis Bank Ltd. has been promoted by the bigst and the best Financial Institution of the country, UTI. The Bank was set up with a capital of Rs. cxv crores, with UTI contributing Rs. 100 Crores, LIC Rs. 7. 5 Crores and GIC and its four subsidiaries contributing Rs. . 5 Crores each SUUTI Shareholding 27. 02%Erstwhile Unit Trust of India was setup as a luggage compartment corporate under the UTI Act, 1963, with a view to encourage savings and investment. In December 2002, the UTI Act, 1963 was repealed with the passage of Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002 by the Parliament, paving the way for the bifurcation of UTI into 2 entities, UTI-I and UTI-II with effect from1st February 2003. In accordance with the Act, the Undertaking specified as UTI I has been transferred and ested in the Administrator of the Specified Undertaking of the Unit Trust of India (SUUTI), who manages apprised return schemes along with 6. 75% US-64 Bonds,6. 60% ARS Bonds with a Unit Capital of over Rs. 14167. 59 crores. The Government of India has genuinely appointed Shri K. N. Prithviraj as the Administrator of the Specified undertaking of UTI, to look after and circulate the schemes under UTI where Government has continuing obligations and commitments to the investors, which it will uphold. 1. 4 DEFINITIONS OF BANKINGA bank is a financial institution licensed by a government. Its primary activity is to lend bills. Many other financial activities were allowed over time. For example banks are important players in financial ma rkets and offer financial services much(prenominal) as investment funds. Banking potful also be defined as engaging in the business of property property for savings and checking billhooks or for exchange or for issuing loans and belief. Transacting business with a bank Depositing or with draught funds or requesting a loan.Bank a supply or stock held in reserve for future use (e in particular in emergencies) 1. 5 signifi arousece OF BANKING An organization, usually a corporation, chartered by a state or federal government, which does virtually or all of the following receives prerequisite deposits and time deposits, honors instruments drawn on them, and pays amuse on them discounts notes, makes loans, and invests in securities collects checks, drafts, and notes certifies depositors checks and issues drafts and cashiers checks. 1. 6 carrefour OF AXIS BANK * Product of axis bank * Easy devil salvage circular Saving posting for Women * Prime Saving work out * Senior Cit izens Saving peakancy * Priority Banking * Corporate Salary accounting system statement * Trust /NGOs Saving vizor * Resident Foreign Currency count on * Online Trading invoice * Current chronicle * Term Deposits * Locker Facilities * NRI work * Depository go * Financial informatory Services * Wealth Management Services * Insurance Solutions Life and General * Retail loans * Credit Loans * travelling Currency Cards * Remittance Cards * Gift Cards 1. 7 CUSTOMER SERVICE IN BANKING OPERATION * look into Drop recession FacilityRBIs commission on Procedures and Performance Audit on public Services has recommended that both the drop box installment and the facility for acknowledgement of the draw offs at the unbroken order counters should be available to customers and no branch should avert to give an acknowledgement if the customer crankys the chips at the counters. * Issue of Cheque Books The Committee has observed that some banks do not allow depositors to coll ect their cheque book at the branch but insist on tallying the cheque book by courier to the depositor.Further, it is stated by the Committee that the deposit or is forced to sign a declaration that a dispatch by the courier is at the depositors danger and consequence and that the depositor shall not hold the bank liable in any manner whatsoever in respect of such dispatch of cheque book. Committee has observed this as an unfair practice and advised banks to refrain from obtaining such undertakings from depositors. Banks should also run into that cheque books are delivered over the counters on request to the depositors or his true representative. disceptation of studys / Pass Books The Committee has noted that banks invariably show the entries in depositors passbooks /statement of write ups as By Clearing or By Cheque. Further, in the case of Electronic Clearing System (ECS) and RBI Electronic Funds Transfer (RBIEFTR) banks invariably do not erect any details tear down thou gh brief particulars of the carry overtance are supportd to the receiving bank. In some cases computerized entries use sophisticated codes which just cannot be deciphered.With a view to avoiding inconvenience to depositors, banks are advised to avoid such unfathomed entries in passbooks statements of aim and ensure that brief, intelligible particulars are invariably entered in passbooks / statements of account. Banks may also ensure that they adhere to the periodical cyclicity positivistic by us while sending statement of accounts. 1. 8 traditional BANKING ACTIVITIES Banks act as payment agents by maneuvering checking or current accounts for customers, stipendiary cheques drawn by customers on the bank, and collecting cheques deposited to customers current accounts.Banks also modify customer payments via other payment methods such as telegraphic transfer, EFTPOS, and ATM. Banks seize on money by accept funds deposited on current accounts, by accepting term deposits, and b y issuing debt securities such as bank notes and attachments. Banks lend money by making advances to customers on current accounts, by making installment loans, and by investing in marketable debt securities and other forms of money change. Banks interpret almost all payment services, and a bank account is considered indispensable by most businesses, somebodys and governments.Non-banks that provide payment services such as remittance companies are not normally considered an capable substitute for having a bank account. Banks borrow most funds from households and non-financial businesses, and lend most funds to households and non-financial businesses, but non-bank lenders provide a significant and in many cases equal to(predicate) substitute for bank loans, and money market funds, cash management trusts and other non-bank financial institutions in many cases provide an adequate substitute to banks. 1. 9 ACCOUNTING FOR BANK ACCOUNTBank statements are accounting records produced b y banks under the various accounting standards of the world. Under GAAP and IFRS there are two configurations of accounts debit entry entry and credit. Credit accounts are Revenue, Equity and Liabilities. Debit Accounts are Assets and Expenses. This means you credit a credit account to increase its balance, and you debit a debit account to increase its balance. This also means you debit your savings account both time you deposit money into it (and the account is normally in deficit), while you credit your credit card account every time you spend money from it (and the account is normally in credit).However, if you read your bank statement, it will say the oppositethat you credit your account when you deposit money, and you debit it when you withdraw funds. If you have cash in your account, you have a positive (or credit) balance if you are overdrawn, you have a minus (or deficit) balance. There a son for this is that the bank, and not you, has produced the bank statement. Your savings index be your assets, but the banks liability, so they are credit accounts (which should have a positive balance).Conversely, your loans are your liabilities but the banks assets, so they are debit accounts (which should have a also have a positive balance). Where bank transactions, balances, credit and debits are discussed below, they are done so from the viewpoint of the accountholderwhich is traditionally what most people are used to seeing. 1. 10 ECONIMIC FUNCTION * Issue of money In the form of bank note sand current accounts subject to cheque or payment at the customers order. These take away son banks can act as money because they are negotiable and/or due on demand, and hence valued at par.They are effectively on the table by mere delivery, in the case of banknotes, or by drawing a cheque that the payee may bank or cash. * Netting and resoluteness of payments Banks act as both collection and paying agents for customers, participating in interbank clearing and s ettlement systems to collect, present, be presented with, and pay payment instruments. This modifys banks to economies on militia held for settlement of payments, since inward and outward payments offset each other. It also modifys the offsetting of payment flows between geographical areas, reducing the cost of settlement between them. * Credit intermediationBanks borrow and lend back-to-back on their own account as middle men. * Credit quality improvement Banks lend money to ordinary commercial message message and personal borrowers (ordinary credit quality), but are high quality borrowers. The improvement comes from diversification of the banks assets and capital which provides a buffer to tie leavinges without defaulting on its obligations. However, banknotes and deposits are primarily unsecured if the bank gets into difficultness and pledges assets as security, to raise the funding it ineluctably to continue to operate, this puts the note holders and depositors in an e conomically subordinated position. Maturity Transformation Banks borrow more on demand debt and short term debt, but provide more long term loans. In other words, they borrow short and lend long. With a stronger credit quality than most other borrowers, banks can do this by aggregating issues (e. g. accepting deposits and issuing banknotes) and redemptions (e. g. withdrawals and redemptions of banknotes), maintaining reserves of cash, investing in marketable securities that can be readily converted to cash if claimed, and raising replacement funding as needed from various sources (e. g. wholesale cash markets and securities markets). Banking channels Banks offer many different channels to get to their banking and other services * A branch, banking centralize or financial centre is a retail location where a bank or financial institution offers a wide line up of face-to-face service to its customers. * ATM is a computerized telecommunications device that provides a financial insti tutions customers a method of financial transactions in a public space without the need for a human clerk or bank teller. Most banks now have more ATMs than branches, and ATMs are providing a wider flow of services to a wider image of users.For example in Hong Kong, most ATMs enable anyone to deposit cash to any customer of the banks account by nourishment in the notes and entering the account number to be credited. Also, most ATMs enable card holders from other banks to get their account balance and withdraw cash, even if the card is issued by a foreign bank. * Mail is part of the postal system which itself is a system where in written documents typically stay in envelopes, and also small packages containing other social occasion, are delivered to destinations around the world. This can be used to deposit cheques and to send orders to the bank to pay money to third parties.Banks also normally use mail to deliver periodic account statements to customers. * Telephone banking is a service provided by a financial institution which allows its customers to perform transactions over the telephone. This normally includes bill payments for bills from major billers (e. g. for electricity). * Online banking is a term used for performing transactions, payments etc. over the network through a bank, credit union or building societys secure website. * Mobile banking is a method of using ones mobile phone to conduct simple banking transactions by remotely linking into a banking network. Video banking is a term used for performing banking transactions or professional banking consultations via a remote video and audio connection. Video banking can be performed via purpose built banking transaction machines (similar to an Automated teller machine), or via a videoconference enabled bank branch. 1. 11 TYPES OF INVESTMENT BANKS * Investment banks underwrite (guarantee the sale of) stock and bond issues, business for their own accounts, make markets, and advise corporations on capital market activities such as mergers and acquisitions. * merchant banks were traditionally banks which engaged in trade finance.The modern definition, however, refers to banks which provide capital to firms in the form of shares rather than loans. hostile venture capital firms, they tend not to invest in new companies. 1. 12 MORTGAGE BANKING owe banking deals primarily with originating owe loans and servicing them. submit more about(predicate) it here as well as about what a give career in owe banking involves. Mortgage banking is meant for a single purpose, to service the real estate finance industry. Mortgage banking deals specifically with originating owe loans as well as servicing them.Mortgage banks are state-licensed entities from which consumers can get mortgage loans directly. Usually, mortgage banks avail funds from the Federal National Mortgage Association, or FNMA, also known as Fannie Mae, the Federal Home Loan Mortgage Corporation, or FHLMC, also known as Freddie mac, or any other large companies that service mortgages, which are related to the secondary mortgage market. Here are a few pointers about the nitty-gritty of mortgage banking. * Mortgage Banks Specialize in Mortgage Loans Unlike a savings bank that is federally chartered, in general mortgage banks specialize in only providing mortgage loans.Hence, customers do not deposit their money in these banks. As has been mentioned above, the secondary wholesale market is their primary source of funds. Freddie Mac and Fannie Mae are examples of the lenders in the secondary market. * Mortgage Banks Differ in coat duration some mortgage banks can be nationwide, others can ascend a volume of loan that can exceed that of a commercial bank that is nationwide. Many of these mortgage banks utilize specialty servicers like rattling Time Resolutions to carry out childbeds like fraud detection work and repurchase. Mortgage Banks have Two Sources of Revenue The two main sources of inc ome are from loan servicing fees (if they are into loansevicing0, and fees from loan origination. Mortgage bankers, by and large, are choosing not to service the loans they have originated. That is because they are entitle to earn a service-released premium by selling them soon after the mortgage loans are closed and funded. The investor in the secondary market that purchases the loan has the ability of earning gross for providing servicing of the loan every month the borrower keeps the loan. Different Banking Laws Apply to Mortgage Banks Mortgage banks usually operate under banking laws that are quite different, agree to the state they operate in. You will need to check each individual states financial department or state banking in order to get list of mortgage bankers in each state. While federal laws apply to the operation of a federal bank, in harm of consumer protection, usually consumers have additional rights, which are applicable fit to each state. * Mortgage Bankers can be More CompetitiveSince they only specialize in lending and do not have to subsidize any of the losses that other departments may have incurred, as in regular banking, mortgage bankers have the ability of being really competitive when lending for mortgage. However, they usually do not have the advantage of accessing adjustable rate mortgages that are low cost, which federal banks are typically associated with, and federal money access. * A Career in Mortgage Banking Professionals in mortgage banking in the job market today need to have a college degree in business or finance, or some specific experience or training related to the field.Skills in good customer service, an inborn ability with numbers, and computer skills are also essential requirements for mortgage banking jobs. A mortgage banking professionals job involves reviewing credit scores, determining the kind of loan that is most beneficial for the customer and guiding them through the suffice of application as well as c losing. The loan officer has to be very organized and detail oriented, and need to be able to maintain the large amounts of paperwork and reporting that are required for getting loans approved, up to the closing.A mortgage banking professional also has to have thorough know-how about the regulations associated with federal mortgage as well as the various types. 1. 13 KYC (KNOW YOUR CUSTOMER) As per KYC guideline the RBI has advised banks to follow KYC guidelines of RBI mandates banks to collect three proofs from their customers they are1 Photograph2 cogent evidence of Identity3 Proof of overlay Accordingly, Axis bank has framed its KYC procedure according to which, a photograph and documentary proof of personal identification and address proof are required t be provided.The account orifice form provides the nature of documents required / procedure to be followed for opening a new account. You may also log in to our websitewww. axisbank. com for such information which is displaye d product-wise. 1. 14 COMPETITORS 1. ICICI Bank Ltd. 2. HDFC Bank Ltd. 3. State Bank of India 4. HSBC Bank 5. RBS (Royal Bank of Scotland) 6. Maharashtra Bank of India 7. Canara Bank 8. Andhra Bank 9. IDBI bank 10. Bank of India 11. Punjab National Bank 12. Central Bank 13. Allahabad Bank 14.ING Vysya 15. Centurion Bank CHAPTER 2 2. NEED, SCOPE, OBJECTIVE, METHODOLOGY AND point of accumulationS OF THE subject 2. 1 NEED OF RESEARCH The research is significant for me and the bank then significant as follow to the trainee as follow * To the trainee The research has provided the trainee practical knowledge regarding the organization working, survey and other aspect of marketing. This research is also essential for me in fulfillment of MBA curriculum. * To the bank Research would help the bank to get the lead of potential customer and current satisfaction take aim among existing relationship companies To study the opportunity of cross sailing of other product and services The sugges tion provide the researcher will be helpful to improvement of class and quality of service to new and current customers and also help to enhance the activities * To the customer The research will become a medium to convey the dissatisfaction factor to the appropriate person in the management 2. 2 SCOPE OF RESEARCHThe research was conducted for AXIS bank confine in Hoshiarpur City. The research was conducted in operational and marketing aspect of the bank products and survey. The research collected to detail information by personal consultation and data collection sheet. 2. 3 OBJECTIVES OF THE STUDY This study has been conducted with a human body of important objectives in mind. The following provides us with theobjectives that have tried to discover through the study. The extent to which these objectives have been met could judge from the conclusions and suggestions, which appear in the later of this study. The main objective of the study is to know about the potential of the m arket regarding peoples dealing in financial services. To know the character of all financial services. To know where people have already opened their Account and on what basis. 2. 4 RESEARCH METHODOLOGY Research is an art of scientific investigation. In other word research is a scientific and systematic search for pertinent information on specific topic. The logic behind taking research methodology into consideration is that one can have knowledge about the method and procedure adopted for motion of objectives of the project.With the adoption ofthis others can evaluate the results also. Its main aim is to keep the researchers on the right track. The methodology adopted for studying the objectives was surveying the saving account holders of District HOSHIARPUR. So keeping in view the nature of requirements of the study to collect all the relevant information regarding the comparison of saving account of Centurion Bank of Punjab with otherbanks direct personal interview method w ith structure questionnaire was adopted for the collection of primary data. Secondary data has been collected through the various magazines and newspaper a nd by surfing on meshing.And the guide in the organization was consulted at many times. 2. 5 infusion OF THE SAMPLE It becomes impossible to contact each and every individual of the creation due to limitations of essential resources like time and money. Therefore, the study is preferably allowed down to a representation hear to make the study more manageable. memory in view the objectives and resource limitation of the study, 100 respondents were considered. Respondents 100 The selected sample is representative of the population and is accurate and practicable. 2. 6 SAMPLING TECHNIQUETo study the Project, a Simple Random Sampling technique is used. 2. 7 SAMPLING pattern The following factors will be taken into consideration within compass of sampling plan. 1 Sampling unit It defines the target population that will be samp led i. e. it answers who is to be surveyed. In this study, the sampling unit is customers using internet banking. 1 Sampling size It indicates the numbers of people to be surveyed. though large samples give more reliable results than small sample but due to constraints of time and money, the sample size was restricted to 50 respondents. 2. 8 COLLECTION OF DATAAfter the research problem has been defined and the research protrude has been chalked out, the task of data collection begins. The data can be collected generally through primary sources, but it was supplement with secondary data. * Primary data collection Primary data is the data which is collected through honoring or direct communication with the respondents in one form or another. These are several methods for primary data collection like notification Method, Interview Method, through schedules, through questionnaires and so on. * Secondary data collection methods Secondary data is collected through net profit. Interne t We also take into consideration the internet facility with which wecollect lotoflatest information. * daybook and publications of different banks We also take into consideration the journals and publications issued by the bankat different times. Wecomes to know about the Branches, ATM, locations and other useful information. 2. 9 LIMITATION OF RESEARCH Every research has its own constraints which keep limitation to work similarly this research has also limitation due to which the researcher could not get detailed information regarding project. These are Though full efforts have been made but due to the lack of past experience in the marketing field I failed some areas have been left from including in the study Due to the limitation of time I was unable to cover more sample (data collection sheet) and to fridge the lead granted. CHAPTER 3 go steady INTRODUCTION 3. 1 PROJECT INTRODUCTION As a part of curriculum the students of MBA have to undergo Summer Internship Program (SIP). Wherein a student gets the knowledge about practical living, how the work is done in companies, how to get acquainted with working conditions and other many such things, etc. he main aim behind this program is that students get some experience with which he could get tending while searching the job. This program is generally provided by a company and it lasts for at least two months. Students as per their specializations could apply for SIP and get the opportunity to work in a company, which the college suggests. As a management student I also have to undergo SIP. I got the opportunity to complete this program in AXIS BANK LTD. , for two months. Axis bank is one of the leading BANKS in banking sector in India. First of the two months was devoted to training.Our training started with the sitting of information about bank product and sale sand what is the importation of the concepts, importance of sales and marketing was taught. The second part was about open an account-why we op en an account in bank, about the banking sector- as avenue for investment, how banking sector is Better Avenue for investment. The next session was about detailed knowledge about banking sector-how to sell these products in market. The last session was about the practical knowledge about how to get appointment of customers and how to convince them to take the product.In the second month we have sell the products directly in the market, procedure of selling the products etc. 3. 2 MEANING OF WHOLESALE BANKING OPERATIONS The Wholesale Banking contains products interchange to large and middle market commercial companies, as well as to consumers on a whole sale basis. This includes lending, treasury management, mutual funds, asset-based lending, commercial real estate, corporate and institutional trust services, and investment banking through rise up Fargo Securities. The company also owns Baring ton Associates, a middle market investment bank.Wells Fargo historically has avoided large corporate loans as stand-alone products, preferably requiring that borrowers purchase other products along with loans which the bank sees as a loss leader. One area that is very profitable to Wells, however, is asset-based lending lending to large companies using assets as collateral that are not normally used in other loans. This can be compared to subprime lending, but on a corporate level. The main brand name for this activity is Wells Fargo Foothill, and is on a regular basis marketed into mb stone ads in the Wall Street Journal.Wells Fargo also owns eastmost dil Secured, which is described as a real estate investment bank but is essentially one of the largest commercial real estate brokers for very large transactions (such as the purchase and sale of large Class-A office buildings in central business districts throughout the United States). The wholesale banking operations consist of the following transactions 1. Opening of Account 2. Issue of get around book 3. Internation al Debit / Credit Card 4. Issue of command Draft (DD) 5. Net banking 6. E-mail statement 7. Phone banking 8. Insta Query 9. Insta alive(p) 10. load pay 11. Passbook 12.Quarterly Account Statement 13. Loan Facility. 3. 3 CONCEPT 3. 3. 1 SAVING ACCOUNT INFORMATION Definition A deposit account at a bank or savings and loan which pays interest, but cannot be withdrawn by check writing. Types of Saving Account In Axis Banking 1. Zero Balance Savings Account At Axis Bank it has been constant endeavor to create products specifically catering to your call for. The account while offering a whole chain of services also addresses your latent need of having an account without the hassle of maintaining an fair quarterly balance. Features 1. No Average Quarterly Balance requirement 2. idle International Debit Card with an Accidental Insurance cover up to Rs 2 lakhs* (charges for the primary holder are waived). 3. quit mobile banking facility 4. penetration through more than 825 branches and more than 3595 ATMs 5. At-Par cheque facility with the clearing limit of Rs 50,000 6. 247 Tele banking & Internet banking. 7. unbosom quarterly statements8. big periodic e-statement Conditions Apply- 1. Initial funding of Rs. 5,500. 2. Account maintenance fee of Rs. 500 per annum 2. Krishi Savings Account (Kheti Ho Khushahali ki) Axis Bank offers a funny savings account which is easy to operate and allows you to transact immediately.This product has been specially designed keeping in mind the unique requirements of a sodbuster and true to its nature has been called the Krishi Savings Account. Some of the features of our new product are Average Balance Requirement This account is offered with the requirement of maintaining the half-yearly total balance of Rs 1000only. International Master Debit Card The Krishi Savings Account entitles you to an International Master Debit Card with which you can access your account anytime through the Axis Bank ATM network dislodge of cost . This card comes with a cash withdrawal limit of Rs 25,000 per day. warrant Accident Insurance cover of Rs 2 lacks. Anywhere Banking Being a Krishi account holder, you are entitled to access our wide network of more than 825 branches and 3595 ATMs across 440 cities. You can now easily carry out your transactions through any of the branches or ATMs. At Par Cheque Book Your Krishi Savings Account comes with the At-Par Cheque facility. This facility enables you to en cash the cheques as local instruments at any of the 440 centers where the Bank has its presence, at no extra cost. Moreover, you can also issue cheques at other centers upto the limit of Rs 50,000. Easy glide slope Savings Account (Banking made easy) * A dooribility * C Convenience * C comfyness * E Earnings * S Speed * S Service sine qua non a savings account that transcends geographical boundaries? Presenting, Axis Banks Easy Access Savings Account. The account is an endeavor by the Bank to understand the con sumers needs and redefine banking to suit your requirements for a truly pullable banking experience. Easy Access Savings Account gives you instant access to your money anywhere, anytime. Possessing a range of unmatched features, it has been devised to better suit the convenience of our eclectic client base.You can avail of all these services with a minimum quarterly honest balance of Rs. 5,000 in vacuum tube or urban centers, Rs. 2,500 in semi urban centers and Rs. 1,000in clownish centers. At-par cheque ATM Network Anywhere Banking Tele banking i Connect Mobile Banking Quarterly account statement Quarterly interest 3. 5 % per annum Free monthly e-statement. You can avail of all these services with a minimum quarterly average balance of Rs. 5,000 in vacuum tube or urban centers, Rs. 2,500 in semi urban centers and Rs. 1,000 in rural centers. Corporate Salary AccountOur Corporate Salary Power go is designed to offer pay roll solutions through in a 24 X 7 environment. We leve rage on our extensive network of distribution channels short-circuit across 450 centers through a network of more than 827 branches and 3595 ATMs besides our superior service delivery model and product features, as a strong differentiator, to provide value to the end user. hit to Employers Efficient profits disbursal. Web Upload Transfer salaries/reimbursements directly from your current account with Axis Bank to your employees accounts using I Connect from your office. Single-instruction payment credit Same day salary credits for all companies having Corporate Account with Axis Bank. Dedicated relationship manager at electron tube locations to understand the financial requirements of your employees. Benefit to Employees No minimum balance criteria. unusual Access Anywhere banking facility through our network of Branches, ATM and Internet banking facility. AT Par cheque books payable locally at all Axis Bank locations. International Debit cum ATM cards with enhanced Cash w ithdrawal facility and other value add ones. Online Banking with funds transfer, online shopping and bill payment options. Depository services with free online trading accounts. Meal Cards on a master card platform. Employee Reimbursement accounts as a savings account variant. Preferential pricing on loan products and credit cards and other banking products services. 3. Prime Savings Account Want a customized savings account to suit your specific financial requirements? At Axis Bank, we have always strived to pace our products with the growing needs of our customers.The Prime Savings account has therefore been created with your specific financial requirements in mind. Through the At Par cheque facility, you have the unique advantage to en cash your cheques as a local cheque at more than 330 centers where the bank has a presence at no extra cost. In addition the account enables you to issue cheques up to Rs. 1 lakhs, which will be treated as At Par across these locations. You can av ail of all these services with a minimum average balance of Rs 25,000 in metro/urban/semi-urban centers and Rs 10,000 in rural centers. 4.Smart Privilege Account (For the woman of today) In todays busy world its hooligan being a working woman. undecomposed from shuttling between a job and family to taking care of her finances she has to be on her toes all the time. Keeping this in mind, we at Axis Bank have designed a savings account best fit for the woman of today. With the Smart Privilege Account, you can manage your money and your purport and as well as enjoy a host of life style privileges. Furthermore Axis Banks Smart Privilege Account ensures that you have fair to middling time for all the important things in life. Senior Privilege (Because life begins at sixty) Are you seeking a banking style that compliments your aged(a) condition? Axis Banks Senior Citizen Savings Account has been designed keeping in mind the fact that a senior citizens banking requirements are whol ly different and require special consideration. * Special Privilege (A Privilege assures the care you deserve) We have introduced Senior Citizen ID card for our Senior Privilege patrons. Let us briefly introduce the wide range of advantages it hold for you. * Avail of cracking benefits with Senior Citizen ID cardID card acts as an age proof. Enabling you to redeem every advantage that you are eligible for, this card will soon help you avail of certain never-before Senior-citizen benefits at various stores, service providers and installation across the nation. * Feel safe Every where Apart from provide you with the power to claim great benefits, card also act as emergency information medium. In case of emergencies, it provides the doctors and authorities with vital data like your snag group, allergies, illnesses, address and emergency contact details.This ensures that you are well looked after in any situation, no matter where you are. * Always a Privilege It will help in strengthe n the bond with us and to be of assistance to you at all the times, no matter what your need be. Whether its loan, a savings account or any financial services that you wish to avail of, we will make sure that were always be there by your side. * Power Salute (Salute to the defense forces) Are you looking for an account that fits with your life in the Defence Forces? Defense Salary Account from Axis Bank is a product designed keeping in mind how tough a life in the Defense Forces is.Not only does it come to you utterly free, no minimum balance is required either. You can also access the entire Axis Bank network, including more than 2300 ATMs and 550 branch offices (and growing) no matter where you are posted. With the complete gamut of banking services (including overdrafts, loans and zero-balance requirements) you can now rest assured about your family and all their financial needs. It sour way of showing our sagacity to your work. * Banking Privileges At-par Cheque Facility * You r job involves constant transfers across the country.With the at-par cheque facility it will no longer be necessary to set up new bank accounts with each transfer. * Additional Debit Card * on with a free International Debit Card, you also get a free card for the joint account holder. This means that your child or spouse also enjoy the same benefits of banking with Axis Bank. * Financial Advisory Services * Our solutions answer to the twin goals of meeting your requirements and to diversify and spread the risk of your investment portfolio, so you can look forward to a comfortable and worry-free life.We first understand your exact investment needs and then design the perfect investment plan for you. 5. Trust/NGO Savings Account Thoughtful banking for people who spend their lives thinking of others Need special banking for special causes? Axis Banks Trust Account is an effort to offer thoughtful banking for people who spend their lives thinking of others. It is a complete banking sol ution for Trusts, Associations, Societies, Government Bodies, member 25 companies and NGOs, so that the organizations can devote all of their time to their impressive motivations. Features- A savings account for your trust with a concessional average quarterly Balance a multi-city at-par cheque facility with no limit on clearing payments at centers across the country wherever we are present. Free anywhere banking across all our Branches and Extension Counters and over all our ATMs. Free Demand Drafts or Pay Orders as and when required by you to remit funds. Free collection of cheques at outstations locations free monthly e-statement monthly Statement of Account delivered at your doorstep.Facility for collecting parts in your account through our network of Branches and extension counters across the country, as well as through I Connect our Internet Banking facility. Also, Axis Bank can offer the facility to donate funds to your Trust through our Internet Banking facility I Connec t to its customers. An Axis Bank customer can donate any amount to your Trust through the Internet. In such cases, the savings account of the customer gets debited and the savings account of your Trust gets credited with the amount of donation at the same time.At the end of every month, the Bank will provide an MIS giving details of the amount of donations and the name of donor. This will enable the Trust to issue receipts to the donors. Free Internet Banking facility that enables you to view the status of your account, transfer funds and carry out a number of banking activities from the comfort of your home or office. * Investment Advice * Our Financial Advisory Desk will provide portfolio management advice as well as help you undertake investments. * Free Demat To facilitate your investments, we offer a free Demat Account (charges due to NSDL essential still be levied) to our esteemed account holders in the Trust or Society segment. * Foreign Contribution (Regulation) Act FCRA ac counts * The FCRA account enables approved organizations to receive foreign contributions for utilization in their activities in India. The Bank will provide assistance in the process of documentation and obtaining necessary approvals from Ministry of Home personal matters at New Delhi. 3. 4 CURRENT ACCOUNT INFORMATION 3. 4. 1 CHANNEL ONE (FOR SUCCESSFUL BUSINESSES)The Channel One Current Account is an effort in that direction where we take care of your day to day banking requirements leaving you with more time for your business. Channel One Current Account is most appropriate choice of successful businesses. At a monthly Average Balance (MAB ) of Rs. 10 lack. FEATURES 1. Relationship Manager. 2. Doorstep Banking. 3. Anywhere Banking. 4. Free Internet Banking. 5. Free 24 hour Tele banking. 6. Mobile Banking Service. 7. International debit card. 8. Cheque Protection Facility. 9. Free 24 hour cheque deposited facility. 10. defrayal of Government Taxes/ Dues. 11. Foreign exchange se rvices. . 4. 2 BUILDERS AND REAL ESTATE Axis Bank understands the increasing demands on businesses in this segment . Heres presenting the Axis Bank Builder Real Estate Current Account a current account with unparalleled product features built to suit Builders Realtors exclusively. This account offers you unmatched convenience while adding financial value to your businesses spread over geographies. . At a monthly Average Balance (MAB) of Rs. 5 Lacks this account comes loaded with special facilities and benefits, most appropriate for your business. FEATURES 1. Home Branch Cash Deposit. 2. Non Home Branch Cash Withdrawal. . Free Anywhere Banking. 4. clunk facility. 5. Zero Balance account for Vendors and Suppliers. 6. Franking Facility. 7. Customer cheque printing. 8. Internet Banking. 9. Free 24-hour Phone banking. 10. Mobile Alerts. 11. ATM cum Debit Card. 12. Free Monthly Account Statement. 3. 5 TRAINING IN WHOLESALE BANKING OPERATION 3. 5. 1 CORPORATES Corporate Banking reflect s Axis Banks strengths in providing our corporate clients in India, a wide array of commercial, transactional and electronic banking products. We achieve this through innovative product ontogeny and a well-integrated approach to relationship management. Funded Services Working Capital Finance, Bill Discounting, Export Credit, Short Term Finance, Structured Finance, Term Lending. * Non Funded Services earn of Credit, Collection of Documents, Bank Guarantees. * Value Added Services Syndication Services, Real Time thoroughgoing(a) Settlement, Cash Management Services, Corporate Salary Accounts, Reimbursement Account, Bankers to Right/Public Issue, Forex Desk, property Market Desk, Derivatives Desk, Employees Trusts, Cash Surplus Corporate, Tax Collection * Internet Banking yield Chain Management, Corporate Internet Banking, Payment Gateway Services. 3. . 2 shrimpy AND MEDIUM ENTERPRISES At Axis Bank we understand how much of hard work goes into establishing a successful SME. We a lso understand that your business is anything but small and as demanding as ever. And as your business expands and enters new territories and markets, you need to keep pace with the growing requests that come in, which may lead to get new, or updating existing plant and equipment, or employing new staff to cope with the demand. Thats why we at Axis Bank have assembled products, services, resources and just advice to help ensure that your business excels.Solutions are designed to meet your variable needs. The following links will help you identify your individual needs. * Funded Services Funded Services from Axis Bank are meant to directly bolster the everyday working of a small and a medium business enterprise. From working capital finance to credit substitutes from export credit to construction equipment loan we cater to virtually every business requirement of an SME. Click on the services below that best define your needs * Non-Funded Services Under Non-Funded services Axis B ank offers solutions that act as a gas pedal to propel your business.Imagine a situation where you have a letter of credit and need finance against the same or you have a tender and you need to equip yourself with a guarantee in order to go ahead. This is exactly where we can help you so that you dont face any roadblocks when it comes to your business. The following are the services that will precisely tell you what we can do Business Accounts, Letters of Credit, Collection of Documents, Axis Bank Trade, Guarantees, Cash Management Services, Money Market Desk, Derivatives Desk, Services to Cash Surplus Corporate, Services to Employee Trusts, Bankers to Rights/Public Issue, Tax Collection. Specialized Services Axis Bank is one of the most trusted entities when it comes to specialized services like selling of precious metals to customers. Under specialized services you can also avail customized control of your value chain through our internet banking platform. * Value Added Services There is a plethora of services that we offer under value added services. Theres corporate salary account which ensures smooth payment methods to your staff. You can avail an assortment of credit cards and debit cards from our merchant services. The following are the highlights of this serviceReal Time Gross Settlement, Reimbursement Account, Custody Services, Corporate Salary Accounts, Merchant Services, Axis Bank Gold Business Credit Card. * Internet Banking Internet banking is a revolutionary service under the banking sector and Axis Bank is a forerunner in providing you with this service. We provide state-of-the-art payment entrance services to industries and companies in order to ease transaction processing. This in turn enhances the credibility of your business and makes banking extremely cost-efficient. 3. 5. 3 GOVERNMENT SECTORAxis Bank acts as an active medium between the government and the customers by means of various services. These services include * Tax Collection Whe re in customers can directly pay their taxes like Direct taxes, Indirect taxes and Sales Tax collections at their local Axis Bank * E- shreding Helps the customer by providing him a direct access to book a Railway Ticket online and get it home delivered * Opening of L/Cs is done by the bank on behalf of Government of India, Mints and Presses, thus facilitating imports for the Government. * Collection of levies and taxes on behalf of municipal Corporations i. . Kalyan -Dombivli municipal Corporation, is undertaken by the Bank. * Collection of stamp duty is done via franking mode in the states of Maharashtra & Gujarat. The Stamp Duty Franking Facility is available at following branches in Maharashtra Fort, Chembur, Lower Parel, Mira Road, Thane (Talao Pali), Panvel, Ratnagiri, Pune (FC Road), Kolhapur, Nagpur, Pimpri. The Stamp Duty Franking Facility is available at following branches in Gujarat Ahmedabad (Navrangpura), Kutch (Mundra), Baroda (Gotri Road), Surat (Ring Road), Bhavnagar & Vapi (GIDC). Disbursement of Pension to retired Employees of Central Govt and Defence is directly done by Axis Bank along with the disbursement of reward to the members of EPFO (Employees Provident Fund Organization) * Electronic Collection of fees on behalf of DGFT is done by the bank too * Ministry of Corporate Affairs Collection of ROC fees for the Ministry through accepted Branches and Net Banking. * Collection of Property Tax through Selected Branches on behalf of Municipal Corporation of Delhi CHAPTER 4 DATA ANALYSIS & INTERPRETATION 4. 1 outline of QuestionnaireThe study was conducted and primary data was collected through questionnaire method. For this purpose, 100 respondents of the TANDA city were approached of 100% in the branch has been shown below Q1 Customer having accou