i never know why its so different from what i learn vs when i got into job makes me frustated because company needs us to learn fast but with the wrong basic i feel unskilled. i learnt so much about banking but those things are not used in company.
Traditional banking is gone. Since money is created out of thin air, banks are not financial intermediaries anymore. Savers do not lend to depositors. Banks create their own IOU and lend that to depositors, loans create the deposit.. Deposits do not create loans. Without using savers money. The bank will never turn you down because they don't have enough money, what they really care is if you are credit worthy, and if they have the right capital requirements or ratings requirement. That is when they when lend to you. They do not wait for savers to deposit money. This is all true in the real world. Theory world is very distant from reality. I work in a bank. This is how we all do it.
Renew my mindset get back to square one in new week coming with my budget, this program speaking to me! and organise my knowledge back where it should be time management and paid my bank back! Very hard lessons to learn over the year's an my Darling husband Leonzio.Travelz is wright and son tells me off alot and yes my family good points on facts ..thank you for your feedback.. Leonzio.Travelz wife Betty Rangiwai..this programme Is really talking to me! Great tutor's and yous sound's like my father teaching these programs mater renew my mindset. 😁
Hey.. This is komal sood. Are you interested in " One week certificate course of Financial concepts( Banking Concepts, Insurance, Mutual funds & Share market )along with an INTERNSHIP.." You can contact me if you wanna know more details.
Good presentation but u made this mistake by saying that we can't avail Debit, credit card and netbanking in Saving bank account. Which I use them except credit card which im not sure. Thanks anyway.
I was about to dislike from the first minute but I guess the rest is pretty usefull. But please do everyone a favor and correct the first statement. Banks do safeguard money thats right. But in order to giving out a credit, they do not use the money they have gotten from people to safeguard but money they buy themselves from other banks. For example the German central bank gives you a credit over 10.000 $ from buying this money of the European central bank for 100 $. This way, the do not lose the money they need to safeguard, have only a minimum of monetary effort and can get hold of every cent that they get from the interest they get for the 10.000 $ ! Thats the correct way they work in Europa at least.
Your point is valid. However, this video lecture aims to cover only the basic concepts of banking in India. How banks raise monies from the market, other banks or the central bank of India ie Reserve Bank of India is something I'm afraid, beyond the scope of this video lecture. Glad you liked the lecture!
A liquid bank account is one that allows cash to be withdrawn easily and without penalty. Checking and savings accounts are the most common examples of liquid bank accounts,
www.rbi.org.in/scripts/NotificationUser.aspx?Id=7501&Mode=0 Banks were advised in November 2005 to make available a basic banking 'no-frills' account either with 'nil' or very low minimum balance as well as charges that would make such accounts accessible to vast sections of population. With a view to doing away with the stigma associated with the nomenclature ‘no-frills’ account and making the basic banking facilities available in a more uniform manner across banking system, it has been decided to modify the guidelines on opening of basic banking ‘no-frills’ accounts. Accordingly, in supersession of instructions contained in circular DBOD.No.Leg.BC. 44/09.07.005/2005-06 dated November 11, 2005 on Financial Inclusion, banks are advised to offer a ‘Basic Savings Bank Deposit Account’ which will offer following minimum common facilities to all their customers: i. The ‘Basic Savings Bank Deposit Account’ should be considered a normal banking service available to all. ii. This account shall not have the requirement of any minimum balance. iii. The services available in the account will include deposit and withdrawal of cash at bank branch as well as ATMs; receipt/credit of money through electronic payment channels or by means of deposit/collection of cheques drawn by Central/State Government agencies and departments; iv. While there will be no limit on the number of deposits that can be made in a month, account holders will be allowed a maximum of four withdrawals in a month, including ATM withdrawals; and v. Facility of ATM card or ATM-cum-Debit Card; 3. The above facilities will be provided without any charges. Further, no charge will be levied for non-operation/activation of in-operative ‘Basic Savings Bank Deposit Account’. 4. Banks would be free to evolve other requirements including pricing structure for additional value-added services beyond the stipulated basic minimum services on reasonable and transparent basis and applied in a non-discriminatory manner. 5. The ‘Basic Savings Bank Deposit Account’ would be subject to RBI instructions on Know Your Customer (KYC) / Anti-Money Laundering (AML) for opening of bank accounts issued from time to time. If such account is opened on the basis of simplified KYC norms, the account would additionally be treated as a ‘Small Account’ and would be subject to conditions stipulated for such accounts as indicated in paragraph 2.7 of Master Circular DBOD. AML. BC. No. 11/14.01.001/2012-13 dated July 02, 2012 on ‘KYC norms/AML standards/Combating of Financing of Terrorism (CFT) /Obligation of banks under PMLA, 2002’. 6. Holders of ‘Basic Savings Bank Deposit Account’ will not be eligible for opening any other savings bank deposit account in that bank. If a customer has any other existing savings bank deposit account in that bank, he/she will be required to close it within 30 days from the date of opening a ‘Basic Savings Bank Deposit Account’. 7. The existing basic banking ‘no-frills’ accounts should be converted to ‘Basic Savings Bank Deposit Account’ as per the instructions contained in para 2 above.
There no such thing as a 'Frills' account. The term 'Frills' account is used in banking in terms of 'No-Frills' account which means and account with basic services without extra features like credit cards, net banking, etc. that we usually get when we open bank accounts.
This video very useful sir some many videos shares
Check the playlists on our channel
i never know why its so different from what i learn vs when i got into job makes me frustated because company needs us to learn fast but with the wrong basic i feel unskilled. i learnt so much about banking but those things are not used in company.
I feel you
Traditional banking is gone. Since money is created out of thin air, banks are not financial intermediaries anymore. Savers do not lend to depositors. Banks create their own IOU and lend that to depositors, loans create the deposit.. Deposits do not create loans. Without using savers money. The bank will never turn you down because they don't have enough money, what they really care is if you are credit worthy, and if they have the right capital requirements or ratings requirement. That is when they when lend to you. They do not wait for savers to deposit money. This is all true in the real world. Theory world is very distant from reality. I work in a bank. This is how we all do it.
Thanks teacher I am from Somalia and I understand your explanation
Dhex yar
@@hashimabdirashiid3303 hhhh mayee dhaxween
@@princesspalqisa2423 meshaan mataqana
It's really a nice video...Thanks for sharing
Thank you sir good information about basics of banking
for banking videos watch : th-cam.com/video/rFNqjVJoFOA/w-d-xo.html
Renew my mindset get back to square one in new week coming with my budget, this program speaking to me! and organise my knowledge back where it should be time management and paid my bank back! Very hard lessons to learn over the year's an my Darling husband Leonzio.Travelz is wright and son tells me off alot and yes my family good points on facts ..thank you for your feedback..
Leonzio.Travelz wife Betty Rangiwai..this programme Is really talking to me! Great tutor's and yous sound's like my father teaching these programs mater renew my mindset. 😁
Form where can we get a pdf on the explanation?
po.hitbullseye.com/PO-Clerical
This is an old video maybe that's why he said for savings account no debit card or net banking is not available but it is available now.
Thanks for explaining basic about company
Thank You! I was actually looking for the banking ABC, and you made my day.
Glad we could help!
Basics of class 12 banking concept.
4 Get All My X's by Sista Flame & La Changa
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Nice explanation sir thank you so much
🙏❤🙏❤🙏❤🙏❤🙏❤🙏❤🙏❤
thank you sir.
tqq sir...an how to downloaad ur videos tell me this are videos important to me
Can somebody tell me what is the bgm for the intro?
Sir iski age ki class kha hai please sir... I want to watch all class
Thanks a lot
Thanku Sir , I was planning to open an account but didnt how diff. Accounts work
I have holidays and I am now going to grade 8 the thing is I have no clue why am I forced to do this?
your comment and your username are in perfect sync
@@tirupathiraopatnala8976 its brilliant aint it?
very good presentation
Nice video
Glad you liked it
Sir where I can get Banking 1 and 2 Books
Hi Milind you can connect to us at 9888474700
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Super
wonderful....one of d best video to start banking study for the aspirants...👍 subscribed just now😊
thanks you sir
Very helpful to my career
Thanks this is very useful 🙏😇💯❤️
Glad it was helpful!
superb expalination
Sir is this 11th STD Commerce ?
Wow! You used such an amazingly simple language to explain these concepts, Thank you 😊
But Sir, I have a Savings account, which includes ATM-cum-Debit Card and NetBanking.
good ...crystal clear about the concepts
hi sir i want to know the diff between fiancial an non fiancial institution
Hey.. This is komal sood. Are you interested in " One week certificate course of Financial concepts( Banking Concepts, Insurance, Mutual funds & Share market )along with an INTERNSHIP.." You can contact me if you wanna know more details.
awesome explanation.....
superb expalination
4msm.wordpress.com/2018/10/19/how-banking-was-started/
Good presentation but u made this mistake by saying that we can't avail Debit, credit card and netbanking in Saving bank account. Which I use them except credit card which im not sure. Thanks anyway.
Please tell me sir model bank
Thank you sir
4msm.wordpress.com/2018/10/19/how-banking-was-started/
For a teenagers what they should do and how things done in bank during deposit withdrawal
th-cam.com/video/6InWzXQ86w4/w-d-xo.html
Very helpful...I got it very clearly..Thank u sir
thank you sir.
Most welcome
thanks a lot
Thank You Sir, valuable topic, good explanation.
If u explain the topic it will be easy to understand
Thanks for this class sir
Plz put the link for banking basics 2 sir
In India?
sir b.com with banking is good or not
Not bad
Please reply this on this comment
Easy and simple. Obrigado sir.
Thank you so much sir....I have been searching such type of class
please send to me document for this vedio
In recurring deposits interest paid by banks is more than saving account but less than fixed deposits.
But not equivalent to fixed deposits
Teaching is not so good you r not telling clearly with full meaning
Excellent vedio bro thanks lot
Sir your handwriting is not good
This information is same till now sir
Sir I want to do the banking course
po.hitbullseye.com/IBPS-PO-Study-Material.php
Sir asset banking sudject and banking sudject k chapter thode bhot Sam hai ya alag alag hai plz give m answer
Thankyou v.much sir i understoot clearly
Glad to hear that
Thank you so much sir
👍
Great explanation, thanks sir.
Nice lecture.
very nicely explained, thanks alot sir
Explain deeply what are all the basics in banks
That's is Good
I hit Bullseye
I was about to dislike from the first minute but I guess the rest is pretty usefull.
But please do everyone a favor and correct the first statement.
Banks do safeguard money thats right. But in order to giving out a credit, they do not use the money they have gotten from people to safeguard but money they buy themselves from other banks. For example the German central bank gives you a credit over 10.000 $ from buying this money of the European central bank for 100 $. This way, the do not lose the money they need to safeguard, have only a minimum of monetary effort and can get hold of every cent that they get from the interest they get for the 10.000 $ ! Thats the correct way they work in Europa at least.
Your point is valid. However, this video lecture aims to cover only the basic concepts of banking in India. How banks raise monies from the market, other banks or the central bank of India ie Reserve Bank of India is something I'm afraid, beyond the scope of this video lecture. Glad you liked the lecture!
Thank u
🙌 Thank you sir
Sir ,Plz make more vedio finance
👍ty
here you've mistaken sir that -savings account give facilities of debit card, net banking, mobile banking, transfers , everythinh.
Sir what is liquid account
A liquid bank account is one that allows cash to be withdrawn easily and without penalty. Checking and savings accounts are the most common examples of liquid bank accounts,
Thank you so much sir
Most welcome
Hellow
What is frill account?
www.rbi.org.in/scripts/NotificationUser.aspx?Id=7501&Mode=0
Banks were advised in November 2005 to make available a basic banking 'no-frills' account either with 'nil' or very low minimum balance as well as charges that would make such accounts accessible to vast sections of population. With a view to doing away with the stigma associated with the nomenclature ‘no-frills’ account and making the basic banking facilities available in a more uniform manner across banking system, it has been decided to modify the guidelines on opening of basic banking ‘no-frills’ accounts. Accordingly, in supersession of instructions contained in circular DBOD.No.Leg.BC. 44/09.07.005/2005-06 dated November 11, 2005 on Financial Inclusion, banks are advised to offer a ‘Basic Savings Bank Deposit Account’ which will offer following minimum common facilities to all their customers:
i. The ‘Basic Savings Bank Deposit Account’ should be considered a normal banking service available to all.
ii. This account shall not have the requirement of any minimum balance.
iii. The services available in the account will include deposit and withdrawal of cash at bank branch as well as ATMs; receipt/credit of money through electronic payment channels or by means of deposit/collection of cheques drawn by Central/State Government agencies and departments;
iv. While there will be no limit on the number of deposits that can be made in a month, account holders will be allowed a maximum of four withdrawals in a month, including ATM withdrawals; and
v. Facility of ATM card or ATM-cum-Debit Card;
3. The above facilities will be provided without any charges. Further, no charge will be levied for non-operation/activation of in-operative ‘Basic Savings Bank Deposit Account’.
4. Banks would be free to evolve other requirements including pricing structure for additional value-added services beyond the stipulated basic minimum services on reasonable and transparent basis and applied in a non-discriminatory manner.
5. The ‘Basic Savings Bank Deposit Account’ would be subject to RBI instructions on Know Your Customer (KYC) / Anti-Money Laundering (AML) for opening of bank accounts issued from time to time. If such account is opened on the basis of simplified KYC norms, the account would additionally be treated as a ‘Small Account’ and would be subject to conditions stipulated for such accounts as indicated in paragraph 2.7 of Master Circular DBOD. AML. BC. No. 11/14.01.001/2012-13 dated July 02, 2012 on ‘KYC norms/AML standards/Combating of Financing of Terrorism (CFT) /Obligation of banks under PMLA, 2002’.
6. Holders of ‘Basic Savings Bank Deposit Account’ will not be eligible for opening any other savings bank deposit account in that bank. If a customer has any other existing savings bank deposit account in that bank, he/she will be required to close it within 30 days from the date of opening a ‘Basic Savings Bank Deposit Account’.
7. The existing basic banking ‘no-frills’ accounts should be converted to ‘Basic Savings Bank Deposit Account’ as per the instructions contained in para 2 above.
Great work sir
What is bank sir
Hindi me bana video
Too good
Great
What are the different forms that they deal with every day
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Wow informative but cant understand him 😩
sir plz teach in hindi
shreya srivastava lol
What is frills account?
There no such thing as a 'Frills' account. The term 'Frills' account is used in banking in terms of 'No-Frills' account which means and account with basic services without extra features like credit cards, net banking, etc. that we usually get when we open bank accounts.
:-)
superb expalination
superb expalination
Outstanding sir
Good sir
tq sir