Topics: cheque, debit card and Internet banking

Let me first talk about welcome kit:When we open a bank account like saving
account and current account. The bank will provide welcome kit which contains
welcome letter and debit card and Internet banking details like customer I'd and
password and it provide purchase vouchers, discounts etc

Cheque: Cheque is a negotiable instrument and also a bearer

documents.it is an document that orders a bank to pay specific amount
of money from a person account to the person whose ne the cheque
has been issued. Cheque issued for paying purpose or deposit purpose.
3 parties in the cheque are drawer, drawee and payee.

Features of cheque:

•cheque is a instrument in writing

•Cheque is a negotiable instrument

•in cheque we can see cts-2010 and it mentions account number

•it shows pay and rupees and date and amount is important

•sign of customer is important on both sides

•Cheque have MICR feature which shows the city code, and which type
of account

• in cheque we can see white pentography which shows cheque is real

or fake cheque

• in cheque we can see bank name and address and in cheque it return
that payable at par.
•Cheque is drawn by a customer on his bank

•Cheque must be signed by customer and date of cheque must bt there

because cheque valid only 3 months

•Cheque must mention exact amount to be paid and name of

person whom to paid.

•It payable on demand

•now a days the bank provides e-cheque also. An e-Cheque is the

electronic version or representation of paper cheque.
The Information and Legal Framework on the E-Cheque is the same as
that of the paper cheque’s.
• there are many times of cheque like bearer cheque, order cheque,
uncross or Crossed cheque, post dated cheque and stale cheque etc

Debit card: A debit card is a plastic payment card that can be used
instead of cash when making purchase. when you use debit card the
money directly deducted from our account. It can use at anywhere. It is
same as atm card. it is provide 24 hours service. It eliminate the need to
carry to cash.

There are many types of debit card like visa card,master card or rupay
card

Features of debit card:

•Debit cards are also known as check cards.

•it have cvv number of 3 digits

•Name of account holder return on debit card

•it shows validity and bank website

•visa/master cardcard one of the first thing you will notice about your
debit card ia whether visa or master card.

•linked with bank account

•there is no need to carry a cash instead of cash we swipe the card and
money automatically debited from account

•it has security features

•order or make cash withdrawals

•An automated teller machine or automatic teller machine (ATM) is
an electronic computerized telecommunications device
• if the ATM owner is not the card issuing bank, as
noncustomer's identities cannot be reliably confirmed. The
Indian market today has approximately more than 17,000
ATM’s.

•it have debit card number 16 digits

•the visa and mastercard are accepted by world wid

•it provide bank name and address with pincode
•there area many times of debit card like visa debit card,
Master card debit card, maestro card debit card, ATM
card, EMV card etc.

•Internet banking: it is a method where all transaction

are done through internet/electronically.it is also called
as online banking.it is used by 24/7 to all account
transaction. It is very quick and usually free and it does
not have any limitation for transaction. It is more
convenient. It have secured future like login and
password. This is also like branch banking we can do
everything without withdrawing facility.
Features of internet banking:
•used bank to bank transfer
•the customer have user ID and password for internet
access
•it shows account transaction and history and it shows
balance
•we can request for cheque book and it gives alert and
reminder
•earn cash back with purchase reward
•it transfer money between our account
•we can transfer money, recharge, pay bills and buy
movie tickets and train tickets etc
•paperless work
• it provides offers and reward
•it have fund transfer system and bill pay option and loan
option and investment and insurance
•service request
•make local and international payment
•it provides low cost of transaction
•we can access to internet banking anywhere and
everywhere the only thing we need is internet
connection

•By dialing the given Telebanking number through a

landline or a mobile from anywhere

•It is also known as online banking

•this is highly secured online gateway that users
with his bank account directly

•Using a mathematical algorithm to generate a new

password based on the previous password (OTPs are,
effectively a chain and must be used in a predefined
order).