Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Project Guide
Prof. SHAIKH SADIQUE
CERTIFICATE
Students signature
Signature of the guide
Prof. Shaikh sadique
Prof. Nitin Agarwal
Co-ordinator
Dr. Kshitij Prabha
Principal
External Examiner
DECLARATION
Date xx-xx-2014
Signature of the
student
ACKNOWLEDGEMENT
Witten words have an unfortunate tendency to convert genuine gratitude into stilted
formality. However we feel this is the best way to express our appreciation.
Working on the project for has been as incredible and learning for me. For this very
wonderful experience I would like to thank our project guide prof. Shaikh
sadique, co- ordinator prof. Nitin Agarwal and principal Dr. Kshitij Prabha, and
without whose co-operation and support working on this project would not have
been so intresting and possible.
The acknowledgement in one way where I can actually thank people who have
been instrumental in the making of this project. Without their help and guidance it
would be very difficult task for me to try and plan this project and actually make it
CONTENTS
CHAPTER
PARTICULARS
CHAPTER
1 Banking
CHAPTER
2 Review of literature
CHAPTER
3 Methodology
CHAPTER
4 Indusind bank
CHAPTER
CHAPTER
SWOT Analysis
CHAPTER
Conclusion
CHAPTER
8 Webliography
CHAPTER
PAGE NO.
Chapter 1:
Banking
HISTORY OF BANKING
Banking is nearly as old as civilization. The history of banking could be said to
have started with the appearance of money. The first record of minted metal coins
was in Mesopotamia in about 2500B.C. the first European banknotes, which was
handwritten appeared in1661, in Sweden. cheque and printed paper money
appeared in the 1700s and 1800s, with many banks created to deal with
increasing trade.
The history of banking in each country runs in lines with the development of trade
and industry, and with the level of political confidence and stability. The ancient
Romans developed an advanced banking system to serve their vast trade network,
which extended throughout Europe, Asia and Africa.
Modern banking began in Venice. The word bank comes from the Italian word
ban co, meaning bench, because moneylenders worked on benches in market
places. The bank of Venice was established in 1171 to help the government raise
finance for a war.
At the same time, in England merchant started to ask goldsmiths to hold gold and
silver in their safes in return for a fee. Receipts given to the Merchant were
sometimes used to buy or sell, with the metal itself staying under lock and key. The
goldsmith realized that they could lend out some of the gold and silver that they
had and charge interest, as not all of the merchants would ask for the gold and
silver back at the same time. Eventually, instead of charging the merchants, the
goldsmiths paid them to deposit their gold and silver.
The bank of England was formed in 1694 to borrow money from the public for the
government to finance the war of Augsburg against France. By 1709, goldsmith
were using bank of England notes of their own receipts.
New technology transformed the banking industry in the 1900s round the world,
banks merged into larger and fewer groups and expanded into other country.
Banking industry has always revolved around the traditional function of taking
deposits, money transfer and making advances. Those three are closely related to
each other, the objective being to lend money, which is the profitable activity of the
three. Taking deposits generates funds for lending and money transfer services are
necessary for the attention of deposits. The Bank have introduced progressively
more sophisticated versions of these services and have diversified introduction in
numerable areas of activity not directly relating to this traditional trinity
Schedule Banks
State co-op
Banks
Non-Schedule Banks
Central co-op
Banks and
Primary Cr.
Societies
Commercial
Banks
Indian
Public Sector
Banks
Commercial Banks
Foreign
Private Sector
Banks
HDFC,
ICICI etc.
Other Nationalized
Banks
Regional Rural
Banks
The problem faced by the banking industry soon surfaced in their balance sheets.
But the prevailing accounting practices unable banks to dodge the issue.
The rules of the game under which banks operated changed in 1993. Norms or
income Recognition, Assets classification and loan loss provisioning were put in
place and capital adequacy ratio become mandatory. The cumulative impact of all
these changes has been on the concept of state ownership in banks. It is
increasingly becoming clear that the state ownership in bank is no longer
sustainable.
The amendment of banking regulation act in 1993 saw the entry of new private
sector banks and foreign banks.
6.
2.
7.
3.
8.
4.
9.
5.
10.
11.
Types of banks
Type 1. Saving Banks
Saving banks are established to create saving habit among the people. These banks
are helpful for salaried people and low income groups. The deposits collected from
customers are invested in bonds, securities, etc. At present most of the commercial
banks carry the functions of savings banks. Postal department also performs the
functions of saving bank
Type 2. Commercial Banks
Commercial banks are established with an objective to help businessmen. These
banks collect money from general public and give short-term loans to businessmen
by way of cash credits, overdrafts, etc. Commercial banks provide various
services like collecting cheques, bill of exchange, remittance money from one
place to another place.
In India, commercial banks are established under Companies Act, 1956. In 1969,
14 commercial banks were nationalised by Government of India. The policies
regarding deposits, loans, rate of interest, etc. of these banks are controlled by the
Central Bank.
Type 3. Industrial Banks / Development Banks
Industrial / Development banks collect cash by issuing shares & debentures and
providing long-term loans to industries. The main objective of these banks is to
provide long-term loans for expansion and modernisation of industries.
In India such banks are established on a large scale after independence. They are
Industrial Finance Corporation of India (IFCI), Industrial Credit and Investment
Corporation of India (ICICI) and Industrial Development Bank of India (IDBI).
Type 4. Land Mortgage / Land Development Banks
Land Mortgage or Land Development banks are also known as Agricultural Banks
because these are formed to finance agricultural sector. They also help in land
development.
In India, Government has come forward to assist these banks. The Government has
guaranteed the debentures issued by such banks. There is a great risk involved in
the financing of agriculture and generally commercial banks do not take much
interest in financing agricultural sector.
Type 5. Indigenous Banks
Indigenous banks means Money Lenders and Sahukars. They collect deposits from
general public and grant loans to the needy persons out of their own funds as well
as from deposits. These indigenous banks are popular in villages and small towns.
They perform combined functions of trading and banking activities. Certain wellknown indian communities like Marwaries and Multani even today run specialised
indigenous banks
Type 6. Central / Federal / National Bank
Every country of the world has a central bank. In India, Reserve Bank of India, in
U.S.A, Federal Reserve and in U.K, Bank of England. These central banks are the
bankers of the other banks. They provide specialised functions i.e. issue of paper
currency, working as bankers of government, supervising and controlling foreign
exchange. A central bank is a non-profit making institution. It does not deal with
the public but it deals with other banks. The principal responsibility of Central
Bank is thorough control on currency of a country.
Type 7. Co-operative Banks
In India, Co-operative banks are registered under the Co-operative Societies Act,
1912. They generally give credit facilities to small farmers, salaried employees,
2.
3.
4.
Chapter 2:
Review of literature
Introduction
Research takes advantage of the knowledge which has accumulated in the past as a
result of constant human Endeavour. It can never be undertaken in isolation of the
work that has already been done on the problems which are directly or indirectly
related to a study proposed by researchers. A careful review of the research
journals, books, dissertation, theses and other sources of information on the
problem to be investigated is one of the important steps in the planning of any
study.
Purpose of the Review
Review of the related literature, besides, allowing the researcher to a acquaint
herself with current knowledge in the field or are in the which she is going to
conduct her research, serves the following specific purposes.
1.
limits of her field. It helps the researcher to delimit and define her problem.
2.
By reviewing the related literature enables the researcher can avoid
unfruitful and useless problem areas. She can select those areas in which
positive findings are very likely to results and her endeavors would be likely
to add to the knowledge in a meaningful way.
3.
Though the review, the researcher can avoid unintentional duplication
of well established findings. It is no use to replicate a study when the
stability and validity of its results have been clearly established.
4.
The review gives the researcher an understanding of research
methodology which refers to the way the study is to be conducted.
5.
It helps the researcher to know about the tools and instruments, which
proved to be useful and promising in the previous studies.
6.
The final important specific reason for reviewing the related literature
Chapter 3:
Methodology
Introduction
Research design has a significant impact on the reliability of the results obtained. It
thus acts as a firm foundation for the entire research. It is needed because it
facilitates the smooth functioning of the various research operations. It makes the
research as efficient as possible by giving maximum information with minimal
It reduces inaccuracy;
Research methodology
Chapter 4:
Indusind bank
IndusInd Bank
IndusInd Bank Limited is a Mumbai based Indian new generation bank,
established in 1994. The bank offers commercial, transactional and electronic
banking products and services. Indusind Bank was innaugarated in April 1994 by
then Union Finance Minister Manmohan Singh. Indusind Bank is the first among
the new-generation private banks in India.
The bank started its operations with a capital amount of Rs. 1 billion among which
Rs. 600 million was donated by the Indian Residents and Rs. 400 million was
raised by the Non-Resident Indians. The bank has specialized in retail banking
services and continuously upgrades its support systems by introducing newer
technologies. It is also working on expanding its network of branches all across the
country along with meeting the global benchmark. According to the bank, its name
is derived from the rich and vivid Indus Valley Civilisation.
IndusInd Bank has 573 branches, and 1118 ATMs spread across 392 geographic
locations of the country as on 30 September 2012 with 2 representative offices, one
each in London and Dubai. Mumbai has the maximum number of bank branches
followed by New Delhi and Chennai.
BRANCHES (NOS)
560
1118
573
1025
633
326
2011
ATMs (Nos.)
2012
2013
2011
2012
2013
Snapshot
Company Background
Industry
Business Group
Incorporation Date
Public Issue Date
Face Value
Company/Business Registration No
Key Officials CEO
INE040A01018
Aditya puri
A decade after its incorporation, June 2004, the bank was merged with Ashok
Leyland Finance, which is among the largest leasing finance and hire purchase
companies in India.
IndusInd Bank has emerged as one of the fastest-growing banks in the banking
sector in India. Currently its has a network 180 branches along with 183 ATMs.
It has presence in over 147 geographical locations spread over 28 states including
Union Territories and also global presence in countries like UAE and UK.
It is the first Indian bank to receive ISO 9001:2000 certification for its corporate
office and its entire network of branches.
The bank has entered into a strategic alliance with Religare Securities for offering
a value-added 3-in-1 savings accounts-linked package to customers - comprising
a savings bank account, a depository account, and an Internet trading account.
MISSION
We will consistently add value to all our stakeholders and emerge as the best-inclass in the chosen parameters amongst the comity of banks, by doubling our
profits, clients and branches within the next three years.
BOARD OF DIRECTORS
PERSON
Mr. R. Seshasayee *
DESIGNATION
Chairman
Managing Director
Mr. Y. M. Kale
Alternative Director
Director
Mr. S. C. Tripathi
Director
Director
Director
Director
T. Anantha Narayanan
Director
TOP MANAGEMENT
Abhay Aima
Anil Jaggia
Ashish Parthasarth
Bharat Shah
G Subramanian
Kaizad Maneck
Mandeep Maitra
Navin Puri
Pralay Mondal
Rahul N Bhagat
Ananthanarayan
Sashi Jagdishan
Sudhir Joshi
Treasury
AWARDS
YEAR- 2013-2014
FINNOVITI
BANKING FRONTIER
AWARDS 2013
FOR MY
ACCOUNT MY
NUMBER
Payment Systems
Financial Inclusion
Award 2013
organized by Elets
Technomedia
TACK India fat the
Global World
Congress held at
Athens for Indus
Pro
Best Private Sector
Bank
Businessworld-
Roll of Honour
Chapter 4:
Facilities of Indusind bank
SPECIAL CUSTOMERS
(A) Pensioners and Other Senior Citizens
a) There will be prioritized service to senior citizens, physically handicapped
persons by effective crowd / people management available at all branches.
b) The needs of the senior citizens and the physically challenged persons are
important inputs for Bank in deciding on the branch locale and its access.
(B) Customers in Rural and Semi urban Areas
a) Bank will ensure proper currency exchange facilities and also the quality of
notes in circulation in rural areas.
b) It will be ensured that the branches are opened as per the scheduled timings and
operated for the full hours.
(C)Self Help Groups (SHGs)
a) SHG members will not be forced to take insurance products.
(D)Tribal Areas / North-East
a) The business correspondent / facilitator model will be used for improving the
banking facilities in the tribal areas. Prominent citizens belonging to important
Tribes of the region could also be considered for appointment as Business
Correspondent (BC).
b) Bank will ensure that at least one of the staff members in the branches in tribal
areas is conversant with local language.
c) To achieve the banking / financial inclusion, our Bank will endeavour to
implement the guidelines provided by the RBI and Government to transfer and
post the staff to the region. Further, the staff so selected and posted will also focus
on local talent building and development.
d) Bank will facilitate opening the accounts for the SHGs in the region in
furthering the cause of financial inclusion in the region.
e) Bank will take further steps for improvement in provision of RTGS / NEFT
facility to the customers from the region.
(E) Providing banking facilities to Visually Impaired Persons
a) In order to facilitate access to banking facilities by visually challenged persons,
our Bank offers banking facilities including cheque book facility / operation of
ATM/ locker etc., to the visually challenged who are capable of using those
facilities .
b) Legal Guardianship Certificate issued under the National Trust Act,1999
empowers the disabled persons with autism, cerebral palsy, mental retardation and
multiple disabilities to have accounts.
c) Bank will rely upon the Guardianship Certificate issued either by the District
Court under Mental Health Act or by the Local Level Committees under the above
Act for the purposes of opening / operating bank accounts.
d) Essential details about the facilities are enumerated in the Enactment (Mental
Disabilities Act
Personal Banking
Accounts
Individual Savings Account
Indus Exclusive Savings Account
Welcome to Indus EXCLUSIVE - IndusInd Bank's premier banking program. We
have designed with the top-of-the-line privileges and offers along with our best
personnel to ensure that you experience a whole new level of banking.
Exclusivity brings with it indulgences as a way of life. This program ensures that
there is no compromise on pampering you with delightful offers on products and
services to make you feel truly EXCLUSIVE.
Welcome to the world of premium savings account - Indus Maxima. Indus Maxima
offers you with a host of premium services and exclusive banking solutions that
cater to all your financial needs. With the Indus Maxima Savings Account, you also
get your very own IndusInd Maximum Platinum Debit Card. Revel with the
exclusive privileges, discounts and offers to match your lifestyle
Indus Privilege Savings Account
Presenting, IndusInd Bank's Privilege Savings Account, a privilege account with a
set of exclusive features that offer more value for your money, while also gives you
the power to save and enjoy convenient and a hassle-free banking experience. The
Indus Privilege Account gives you the following dual-advantage:
Free Indus Young Saver Account with Recurring Deposit facility for your
child.
Defence Accounts
Indus Force Maxima
IndusInd Bank introduces Indus Force Maxima A Premium Salary Account for
Senior Army & Navy Personnel, specially designed with a bouquet of hand-picked
value added services such as:
Personalized welcome kit
Platinum Debit Card
Free unlimited ATM withdrawals
Indus Force
IndusInd Bank introduces Indus Force A salary account designed for our Indian
Army and Personnel with a bouquet of prestigious hand-picked value added
services such as:
Gold Debit Card
Overdraft against Salary.
Concessional Rates of Loan
DEPOSITS
Sweep In/Out Deposits
Features and benefits
IndusInd Bank has introduced the Sweep in/out Deposit facility that ensures your
money with complete safety, easy liquidity to meet your urgent needs at zero cost.
This type of deposit account is most suitable for individuals and corporates who
are getting continuous float in CA/SB.
Features: Automatic transfer of amount to term deposit for a specific period.. In
case of insufficient balance in the CA/SB account, required amount will be
transferred by breaking deposits
Minimum Deposit amount:
Savings Account- As per the account type held, refer to
specific Savings Account product feature
Current Account- As per the account type held, refer to
specific Current Account product feature
Interest Rate: As applicable to term deposits including senior citizen benefits
TDS in Interest: Applicable to the term deposits
Deposit Tenor: 30 days to 24 months
Nomination facility: Available
Premature Closure: Allowed
Indusind Bank introduces the Senior Citizen Scheme that offers higher interest
rates on deposits for people who have completed 60 years of age. This type of
deposit account is most suitable for senior citizens who have completed 60 years of
age.
Features: Special rate is applicable to senior citizen those who have completed 60
years of age. In case of joint deposits, the first name should be of the Senior
citizen. Deposits under senior citizen should not be used as security for commercial
purposes.
Minimum Deposit amount: INR.25,000/Interest Rate: + 0.50% than the actual rate for the general public
TDS in Interest: Applicable
Deposit Tenor: 7 days to 120 months
Nomination facility: Available
Premature Closure: Allowed
IndusInd Bank inculcates savings habit among children with high return on their
savings. By linking the Savings Bank Account with Flexi Recurring Deposit which
is opened and operated by the guardian for the minor.
Features: Balance in Savings Bank account will be transferred to a Flexi
Recurring Deposit on the last day of every month, leaving Rs.100/- in the account.
Opening Balance: Rs. 11/Interest Rate: As applicable to term deposits in the case of Recurring Deposit
TDS in Interest: Recurring Deposits are exempted from TDS
Deposit Tenure: 6 months to 120 months
Nomination facility: Available
Premature Closure: Allowed
Loans
Loans Against property
Features and benefits
Home Loan
Features and benefits
Car Loan
Features and benefits
When the time arrives to own your dream car, let finances not be the stumbling
block. Drive home in your dream car with an Indus Car Loan.
Car loans made as simple as deciding the model.
Quick and easy processing: Very simple and hassle-free
documentation
Transparency: No hidden charges
Flexible repayment option: 12 to 60 month scheme with
structuring based on customer need
It could be that you are postponing your wish to own a two wheeler for quite
sometime now. With a loan from IndusInd Bank, you're assured the best deal
possible.
Avail of easy payment options
Personal Loan
Presenting IndusInd Bank Personal Loans. Now you dont have to wait to fulfil
your dreams. Be it renovating your home, going on your dream vacation or buying
your special someone that coveted gift, count on us to make it happen.
Fulfil all your financial needs with our hassle free Personal Loans, which are
designed to help you live life at the fullest.
Obtain a loan easily with simple documentation, quick
processing and speedy disbursal.
Choose a loan tenure as per your convenience ranging from
1 to 5 years
Enjoy the convenience of doorstep service
Get the best in class interest rates
You need not worry about collaterals or guarantors
Get rid of your high interest debt through 'Balance Transfer
Option'
Choose a convenient repayment option from, IndusInd Bank
a/c debit or ECS from your other bank
Gold Loan
Features and benefits
Security
Equity shares of the companies on the approved list of the
bank held in demat form
Margin
40% of the value of shares for approved stocks only
Value of Shares
At the current market price
Period of Loan
For 12 months may be renewed on request, at bank's
discretion
Loan Amount
Minimum INR 1 lakh, maximum INR.
need it the most. Your IndusInd Bank credit card already has a loan amount preapproved for you, depending on your unutilised credit limit. All you need to do is
apply and receive your much needed cash.
Indus Easy EMI
In our constant endeavour to enhance value for you, IndusInd Bank has introduced
the Indus Easy EMI facility. This facility gives you the option to convert your high
value credit card purchases into easy and flexible EMIs. You can convert any of
your credit card purchases on IndusInd Bank credit cards of over INR 2,000 into
easy monthly installments, within 45 days of making the purchase.
Indus Easy Loan is a loan against the unutilised credit limit and so, depending on
various parameters, IndusInd Bank calculates the maximum loan a customer can
get. Minimum loan amount that you can get as a Indus Easy Loan is INR 5,000.
Indus Easy Loans
Zero documentation
No documents required for customers holding the IndusInd
Bank Credit Card for more than 9 months
Pre-approved loan
Pre-approved loan amount depending on the unutilised
credit limit
Ease of repayment
Flexible tenure option to pay back in 6, 12, 18, 24 or 36
months
Low processing fees and pre-closure fees
Insurance
General Insurance
Health Insurance
IndusInd Bank brings to you Religare Health Insurance's comprehensive insurance
solutions, designed exclusively for privilege customers of our bank. With industry
first features, wide range of sum insured options and hassle free procedures, you
can be rest assured you will be totally worry free, always.
Features & Benefits
Care' - Health Insurance Policy has unique features like Auto recharge of your policy sum insured, if exhausted
Plan details
Auto Recharge of your sum insured
If due to claims made, you ever exhaust your health cover, we recharge the entire
sum insured of your policy, in the policy year. All this at no extra cost!
Avail Health check-ups, every year
Our concern is your good health. To pre-empt your ever having to visit a hospital,
you can avail our comprehensive health check-ups for yourself and adult members
of your family covered by the policy, every year. Even if you make a claim with
us!
Hospitalisation and Day Care treatment
If you are admitted to a hospital for in-patient care, for a minimum period of 24
consecutive hours, we pay from room charges to operation theatre charges and
more.
We also pay for your medical expenses if you undergo even a day care treatment at
a hospital that requires hospitalization for less than 24 hours - we cover a
comprehensive range of 170 day care treatments, the highest in industry. You will
also get cashless treatment at our over 2400 network hospitals and reimbursement
in any other hospital of your choice.
Pre & Post hospitalization
We cover the medical expenses incurred by you even before your hospitalization.
There may also be follow-up visits to your medical practitioner, medication that is
required etc. We cover the related medical expenses incurred by you after your
hospitalization also.
Daily Allowance
This will help you take care of the incidental non-medical expenses (attendant
meals, transportation etc.) incurred during hospital stay.
Avail treatment anywhere in the world
Our care knows no boundaries; literally. So, while we ensure you have access to
the best healthcare services, we leave it to your discretion whether you would wish
to avail certain specialized treatments in India or abroad and reimbursed as per
policy. Available for sum insured of 50 and 60 lakh plans.
Lifelong Renewability
We will be there for your whole life. The Policy can be renewed lifelong under the
then prevailing Health Insurance Product or its nearest substitute approved by
IRDA
Get No-Claim Bonus
If you do not have any occasion to claim in your health insurance policy in a
particular year, get an increase of 10 per cent in your sum insured during the next
year. And for every year that you enjoy un-interrupted good health, your bonus
keeps building up, up to 50% of your sum insured! It's just our way to tell you that
we're there with you in good times and in bad
Review your decision
After purchasing your policy, if you find it unsuitable, you can cancel the same
with us. Our policy comes with a free look period of 15 days.
Other great benefits you also get areThere's still lot more we have for you!
All our policies are eligible for claiming deduction for tax benefit under section
80D, Floater Cover, Ambulance expenses covered, Organ donor medical expenses
covered, domiciliary hospitalization covered, Increase your Policy's sum insured
even later, 7.5% Discount on 2 year policy terms, online instant health insurance
buy and more.
There's still lot more we have for you!
All our policies are eligible for claiming deduction for tax benefit under section
80D, Floater Cover, Second Opinion, Ambulance expenses covered, Organ donor
medical expenses covered, Increase your Policy's sum insured even later, 7.5%
discount on 2 year policy terms and more
Motor Insurance
Features and benefits
Benefits
Benefits
3 months onwards
Door-to-door cover
Adventure sports cover
Pay only for what you use.
Cover for all your family members, including senior citizens.
Express claims processing.
3 Plans with Sum Insured ranging from $50,000 to $250,000
No medical checkup required up to 65 years.
Any treatment if that is the sole reason or one of the reasons
for the travel overseas.
Benefits
Accident
An accident policy that covers death, permanent partial disability, permanent total
disability and additional benefit for accidents due to terrorism.
Hospital Cash
If you are hospitalised for any illness or injury, we will pay you per day allowance
for the number of days in the hospital. In case of ICU hospitalization, we will pay
you double the benefit per day. In case of hospitalization for more than 20
continuous days, we will pay a lump sum amount.
Critical Illness
If you are diagnosed with any one of the 10 critical illnesses mentioned below, we
will pay you a lump sum amount. Once a claim is registered, this benefit ceases.
Life Insurance
A life insurance plan in which you pay for 12 years and get double of what you
have paid over the next 12 years, guaranteed.
Presenting you with the Aviva New Family Income Builder, a saving cum
protection oriented plan that assists you financially by guaranteeing returns in the
form of regular payouts for 12 years. These regular payouts are passed on to your
family in case of your untimely death. This ensures that you continue to provide
them with the same lifestyle even when you are not around.
benefits
Maturity Benefit
In case the life insured survives till the end of the policy term
and provided all due premiums have been paid; the Maturity
Sum Assured will be paid in the following manner:
12 annual installments of "1.5 times the annual premium"
(excluding taxes and extra premium, if any) shall be paid at
the end of each year during the payout period
A lump sum amount of "6 times the annual premium"
(excluding taxes and extra premium, if any) shall be paid at
the end of the payout period
Death Benefit
In case of death of the life insured during the policy term
provided all due premiums till date of death has been paid
the Death Sum Assured payable shall be highest of the
following amounts:
10 times of the annualised premium(excluding taxes and
extra premiums, if any), or
105% of all the premiums paid (excluding taxes and extra
premiums, if any) as on date of death, or
Maturity Sum Assured
Sum Assured of the policy; the sum assured will be paid in
the following manner:
Comprehensive Protection:
Death benefit that offers comprehensive protection to you
and your family in case of your unfortunate death by:
Paying higher of chosen sum assured or 105 percent of all
premiums paid plus the fund value to address immediate
financial concerns of your dependents
Additional Accidental Death Cover in case you are major and
die because of an accident
Maturity Benefit:
On maturity, value of units pertaining to regular premium,
top-up premium, if any along with the loyalty additions, shall
be paid
Investment returns:
Obtain investment returns with:
Choice of 7 unit linked funds Balanced Fund-II, Bond FundII, Enhancer Fund-II, Growth Fund-II, Infrastructure Fund, PSU
Fund and Protector Fund-II depending on your investment
objectives
Greater convenience:
Benefits
What am I going to get?
Maturity Benefit:
Sum assured (double of the sum of premiums paid excluding
taxes and extra premiums, if any) will be paid at maturity, if
all due premiums are paid and insured survives till maturity
date
Death Benefit
In case of death of insured, the payout to the nominee will
be equal to the sum assured, provided all due premiums till
date of death are paid
Tax Benefits:
The policy is eligible for tax benefits as defined under section
80C and 10 (10D). Tax benefits are as per prevailing tax laws
which are subject to change
Cards
Credit Cards
IndusInd Bank Indulge Credit Card
The IndusInd Bank Indulge Credit Card is literally worth
its weight in gold! This is the first credit card in the
Indian sub-continent that comes with a pure 22k gold
inlay
A premium lifestyle deserves the special treatment. We are proud to present the
IndusInd Bank Signature Credit Card that brings with it the best-in-class
privileges in travel and living, dining and lifestyle for your refined and posh like
tastes.
Platinum Aura Credit Card
A premium lifestyle deserves the special treatment. We are proud to present the
IndusInd Bank Signature Credit Card that brings with it the best-in-class privileges
in travel and living, dining and lifestyle for your refined and posh like tastes.
WorldMiles Credit Card
Welcome aboard to a world of exclusivity with your IndusInd Bank Iconia Credit
Card. Designed specially to cater to your iconic lifestyle requirements. Whats
more, be part of a unique rewards proposition and watch your rewards grow and
double like never before, along with tailor made privileges such as golf, travel, and
much more!
Gold Credit Card
A premium lifestyle deserves the special treatment. We are proud to present the
IndusInd Bank Signature Credit Card that brings with it the best-in-class privileges
in travel and living, dining and lifestyle for your refined and posh like tastes.
Classic Credit Card
A premium lifestyle deserves the special treatment. We are proud to present the
IndusInd Bank Signature Credit Card that brings with it the best-in-class privileges
in travel and living, dining and lifestyle for your refined and posh like tastes.
Business Gold Credit Card
A premium lifestyle deserves the special treatment. We are proud to present the
IndusInd Bank Signature Credit Card that brings with it the best-in-class privileges
in travel and living, dining and lifestyle for your refined and posh like tastes.
Debit Card
Forex Cards
Indus Forex Card
IndusInd Bank Presents Indus Forex Card, the most convenient and secure way
of carrying Foreign Currency overseas. Now, enjoy greater peace of mind when
you travel abroad with this new generation, chip-enabled card. Indus Forex Card
has an embedded chip which stores information in encrypted format. This card
offers greater security and increased protection against counterfeiting and
skimming card frauds. Be it to withdraw cash at VISA / VISA PLUS ATMs or to
make payment online payments or for purchases at merchant establishments in any
currency anywhere in the world, Indus Forex Card makes it secure and hassle free
for you.
Home is where the heart is. That is why, securing your home, valuables and family
is a must.
III.
Indus Security
Securing those nitty-gritty things in life to give you some peace of mind.
V.
Indus Elevate
VI.
Investments
I.
Demat Account
Overview
Shares are traditionally held in physical or paper form. This method could lead to
loss/theft of certificates, forged/fake certificates, cumbersome and a time
consuming procedure for transfer of shares. Therefore, to eliminate these
weaknesses, a new system called Depository System was introduced in India after
the enactment of the Depositories Act 1996.
A depository system is a system, which holds your shares in the form of electronic
accounts in the same way a bank holds your money in a savings account.
Depository system provides the following advantages to an investor:
Your shares cannot be lost/stolen or mutilated.
You never need to doubt the genuineness of your shares i.e.,
whether they are forged or fake.
Share transactions like transfer, transmission etc. can be
effected immediately.
Transaction costs are usually lower than that in the physical
segment.
There is no risk of bad delivery.
Bonus/rights shares allotted to you will be immediately
credited to your account.
You will receive the statement of account of your
transactions/holdings periodically.
When you decide to have your shares in electronic form you should approach a
Depository Participant (DP) who is an agent of the depository to open an account.
You should surrender your share certificates in physical form and your DP will
arrange to get them sent to and verified by the company and on confirmation credit
your account with an equivalent number of shares. This process is known as
dematerialisation. You can always reverse this process if you so desire and get your
shares reconverted into paper form. This process is known as rematerialisation.
Share transactions (like sale or purchase and transfer/transmission etc.) in the
electronic form can be effected in a much simpler and faster way. All you need to
ASBA
To make the existing public issue process more efficient, SEBI has introduced a
supplementary process of applying in public issues, viz. the Applications
Supported by Blocked Amount (ASBA).
An ASBA investor shall submit an physical ASBA to the Bank. The Bank shall
then block the application money in the bank account specified in the ASBA, on
the basis of an authorisation to this effect given by the account holder in the
ASBA. The application money shall remain blocked in the bank account till
finalisation of the basis of allotment in the issue or till withdrawal/failure of the
issue or till withdrawal/rejection of the application, as the case may be. The
application data shall thereafter be uploaded by the bank in the electronic bidding
system through a web enabled interface provided by the Stock Exchanges. Once
the basis of allotment is finalised, the Registrar to the issue shall send an
appropriate request to the CB of Bank for unblocking the relevant bank accounts
and for transferring the requisite amount to the issuers account designated for this
purpose. In case of withdrawal/failure of the issue, the amount shall be unblocked
by the Bank on receipt of information from the pre-issue merchant bankers through
the concerned Registrar to the Issue.
All IndusInd Bank branches are ASBA enabled.
Application Supported by Blocked Amount (ASBA)
ASBA means an application for subscribing to a public issue, along with an
Features
Portfolio Diversification
Mutual fund normally invests in a well diversified portfolio of funds. This enables
deduction of the amount invested, from their taxable income. Further, the dividend
that the investor receives from the scheme is taxfree in his hands.
Suvarna Mudra
Our life is a compilation of moments and experiences, tempered with the soft
music of priceless memories. And nothing sings more beautifully than the delicate
splendor of Gold. Turn your special occasions into an eternal celebration as you
express your love with Gifts of Gold. Surprise your near and dear ones with 999.9
Pure Gold Coins and Ingots from IndusInd Bank, and touch their lives in your own
unique way.
GOI Saving Bonds
GOI Savings Bonds are instruments that are issued by the RBI and currently have
one option. These are among the safest instruments available for investment, and
you can be assured of getting back the full amount of your investment.
8% rate of interest per annum, which is taxable. The maturity period of the 8%
(taxable) bond is six years. The minimum investment is INR 1,000. One can apply
in multiples of INR 1,000 thereafter. There is no prescribed upper limit to invest in
this instrument.
Structured Products
Structured products are investment platforms that give exposure to equity markets,
interest rates, bonds, currency, commodity and derivatives to give the upside in
returns while protecting your downside. A Structured product is created by
combining the economics of a long call option on equity with a long discount bond
position. The investment structure generally provides 100% principal protection.
The coupon or final payment at maturity is determined by the appreciation of the
underlying equity.
Private Equity
Private Equity Products invest in opportunities in companies that are not publicly
traded on a stock exchange. Private Equity has emerged as an attractive asset class.
However, lacking the expertise or the time or resources to structure and monitor
the Private Equity investment, you can invest indirectly through a private equity
funds.
Forex Products
I.
Benefits
Carry destination currency (subject to availability)
Manage petty expenses like taxi, local shopping etc on you
international travels
II.
You can now avail of foreign currency demand draft facility for making payments
abroad for educational payments, medical fees or migrating to other countries.
With IndusInd bank now you can avail of foreign currency demand draft in leading
currencies such as;
United States Dollars (USD)
Great Britain Pounds (GBP)
Euro (EUR)
Australian Dollars (AUD)
Canadian dollars (CAD)
New Zealand Dollars (NZD)
Singapore Dollars (SGD) and others
Cannot be misused as it is made favouring the beneficiary
Convenient to carry
I.
Travellers Cheque
SWOT ANALYSIS
SWOT Analysis is a powerful technique for understanding your Strengths and
Weaknesses, and for looking at the Opportunities and Threats you face. Used in a
business context, it helps you carve a sustainable niche in your market. Used in a
personal context, it helps you develop your career in a way that takes best
advantage of your talents, abilities and opportunities.
service.
Dedicated workforce aiming at making a long-term
career in the field.
WEAKNESSES
OPPORTUNITIES
Profit margins will be good.
Could extend to overseas broadly.
New specialist applications.
THREATS
investment.
High volume/low cost market is intensely competitive .
KEY POINT
SWOT Analysis is a simple but powerful framework for analyzing company's
Strengths and Weaknesses, and the Opportunities and Threats you face. This helps
you to focus on your strengths, minimize threats, and take the greatest possible
advantage of opportunities available to you
Conclusion
WEBLIOGRAPHY
WEBSITES REFFERED:
www.wikipedia.com
www.indusind.com
www.google.co.in