Beruflich Dokumente
Kultur Dokumente
Submitted By :-
ABHISHEK MISHRA
COURSE: MBA[I.B]
ENROLLMENT NO: A7002007002
SPECIALIZATION: INTERNATIONAL BUSINESS &
FINANCE
Under guidance of :-
STATEMENT BY STUDENT
Certified that this report is prepared based on the summer internship project
Date. ___________________
Amity University
Established By Ritnand Balved Education Foundation
2
Amity Business School
Lucknow Campus
has been completed by the student to the entire satisfaction of the undersigned.
3
Viraj Khand-5, Gomtinagar, Lucknow (U.P.) India
Tel.: +91-522-27221931/1932
Website: www.amity.edu
ACKNOWLEDGMENT
I would like to thank Mr. Vibhor Pandey, Area Sales Manager, STANDARD
him for the guidance provided by him in the process without which it could
not have been possible for me to complete the task successfully. I am grateful
to all members of the bank for their valuable support and help which they
extended
4
5
TABLE OF CONTENTS
CHAPTER I 8-9
Theoretical Presentation of the Topic
CHAPTER II 10 - 27
Organizational profile of the Company
History 11 12
Global Network 13
Chairman’s Statement 14 - 16
Vision 17 - 18
Consolidated Balance Sheet 19 - 20
Goals and Objectives in 2007 20
Priorities in 2008 21
Data & Trends 22 – 24
Achievements/Awards 2007 25
SWOT Analysis 26 - 27
CHAPTER III 28 - 52
Comparative study of the Current Account
Facilities
a) STANDARD CHARTERED BANK 29 - 34
b) H.D.F.C BANK 35 - 49
c) A.X.I.S BANK 50 - 77
d) H.S.B.C BANK 78 - 84
Methodology 85
CHAPTER IV
Findings, Conclusions & Suggestions 86 - 89
ANNEXTURE 90
BIBLIOGRAPHY 96
6
LIST OF TABLES
7
SYNOPSIS
8
OBJECTIVE OF THE REPORT
INRODUCTION: The corporate and the business world is always the back bone of
any nation. So the banking sector has always given its best to provide the same with
the best available services to make the purpose futile. Hereby in this report a
comparison has been made to bring forward the services being provided by various
facilities being provided by the under given banks to the current account holders.
others.
9
CHAPTER I
THEORETICAL
PRESENTATION OF THE
TOPIC
10
SIGNIFICANCE OF THE PRESENT STUDY : This study evolves a
attempt to bring forward the various facilities being provided by the top privatized
banks as for the current account holders. Also the significance of STANDARD
nation are the industrialists of the same and the prior to them is the facility of the
current accounts. Hence the facilities equipped in current accounts is always a task for
research.
have been conducted on this topic from time to time still significance of researches
change with time because newer modifications need to be added to the same every
new second.
the business world the scope of this study on current accounts is immeasurable. This
study will help the business class take their decisions in a much better manner.
UNIVERSE OF THE STUDY: Since the facilities are nearly the same all
around the country so the research is applicable around the nation. Hence here by a
11
comparison has been made between the top most current account service providers in
12
CHAPTER II
ORGANIZATIONAL
PROFILE OF THE
COMPANY
13
History
The Standard Chartered Group was formed in 1969 through a merger of two banks:
The Standard Bank of British South Africa founded in 1863 and the Chartered Bank
Both companies were keen to capitalize on the huge expansion of trade and to earn
the handsome profits to be made from financing the movement of goods from Europe
Founded by James Wilson following the grant of a Royal Charter by Queen Victoria
in 1853. Chartered opened its first branches in Mumbai (Bombay), Calcutta and
Traditional business was in cotton from Mumbai (Bombay), indigo and tea from
Calcutta, rice in Burma, sugar from Java, tobacco from Sumatra, hemp in Manila and
silk from Yokohama. Played a major role in the development of trade with the East
which followed the opening of the Suez Canal in 1869 and the extension of the
telegraph to China in 1871. In 1957 Chartered Bank bought the Eastern Bank
together with the Ionian Bank's Cyprus Branches. This established a presence in the
Gulf.
Founded in the Cape Province of South Africa in 1862 by John Paterson. Commenced
14
Was prominent in financing the development of the diamond fields of Kimberley
from 1867 and later extended its network further north to the new town of
Expanded in Southern, Central and Eastern Africa and by 1953 had 600 offices.
In 1965, it merged with the Bank of West Africa expanding its operations into
a friendly merger. All was going well until 1986, when a hostile takeover bid was
made for the Group by Lloyds Bank of the United Kingdom. When the bid was
against third world debt exposure and loans to corporations and entrepreneurs who
could not meet their commitments. Standard Chartered began a series of divestments
notably in the United States and South Africa, and also entered into a number of asset
sales. From the early 1990s, Standard Chartered has focused on developing its strong
franchises in Asia, the Middle East and Africa using its operations in the United
Kingdom and North America to provide customers with a bridge between these
and on the provision of treasury services - areas in which the Group had particular
the ANZ Group and the Chase Consumer Banking operations in Hong Kong in 2000.
Since 2005, the bank has achieve several milestones with a number of strategic
alliances and acquisitions that will extend our customer or geographic reach and
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Global Network
Standard Chartered has a network of over 1,700 branches and outlets in more than 70
countries and territories across the globe, making us one of the world's most
international banks.
Listed on both the London Stock Exchange and the Hong Kong Stock
market capitalization.
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Chairman’s Statement
Meeting the
Challenge
“In our markets lie the greatest
social and environmental risks and
also the greatest opportunities for
new solutions,services and ways to
grow our business.”
Looking forward to the next 10 years, we can be certain of one thing: there will be
substantial growth in our markets. With China and India setting the pace, and Africa
expected to grow rapidly, there will be huge opportunities for trade, knowledge and
role in both driving and supporting growth by providing capital, facilitating trade and
financial infrastructure and innovation. Financial institution must play a pivotal role
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environmental challenges the world faces. Today, 2.7 billion people have no access
to financial services. Over 1 billion people have poor access to water, rising to 1.8
billion by 2050. Soil erosion, floods, droughts and pollution threaten the livelihoods
of 2.6 billion people and more than 13 football fields of forest are cut down each
minute. Many of these challenges are already being experienced in the countries in
which we operate. We are aware of the urgent need to find ways to support
sustainable growth that benefits economics, the environment and society as well as
the need to uphold good governance. In our markets lie the greatest social and
environmental risks and also the greatest opportunities for new solutions, services and
We believe there are 4 ways to be a force for good whilst delivering value to people:
Leadership
We can help bring sustainable solutions to our markets by
using experience of providing financial services for over 150 years. I have been
involved in the Corporate Leaders Group on Climate Change and bank was a
also means leading by example. This is why we pay so much attention to responsible
renewable and clean energy projects in Asia, Africa and the Middle East. These
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projects will have a total value of $8-10 billion over a five-year period from 2008-12.
We are committed to addressing issues that are meaningful to the countries in which
we operate.
We partner with like-minded organizations such as the Clinton Global Initiative, the
World Economic Forum and the Global Business Coalition, amongst others, to ensure
United Nations Global Compact and believe that it is through partnerships with
business, governments, civil society and the United Nations{UN} that we will
our focus to date on increasing access to financial services; educating one million
Being successful
Our success allows us to contribute to local economies by
Standard Chartered has long valued relationships with customers, governments, social
organizations and regulators that we have built over 150 years of business experience
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various stakeholders to respond to the changing faced. The issues present both risks
VISION
CATALYST FOR CHANGE
“We have a key role to play in stimulating economic and social development
through the services we provide and by being a force for good. The success of
our business depends on this”
business activities, we want to help protect the environment and to have a broader
positive impact on the societies in which we live and work. And as we engage as a
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are learning more about how the issues interact with each other and our core business
objectives.
borrow, save and make transactions, we naturally play a role in creating wealth and
stimulating growth. From the perspective of shareholder value creation the more
successful a country becomes, the more successful we can be. But long term growth
depends on how well we all manage risk, including the social and environmental
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Consolidated Balance Sheet
As at 31 December 2007
Liabilities
22
Debt securities in issue 32 27,137 23,514
Current tax liabilities 185
68
Other liabilities 34 14,742 11,331
Accruals and deferred income 3,429
3,210
Provisions for liabilities and charges 35 38
45
Retirement benefit obligations 36 322
553
Subordinated liabilities and other
borrowed funds 37 15,740 12,699
-----------------------------------------------------------------------------------------------
--------
Total liabilities 307,753
248,707
Equity
.
These accounts were approved by the Board of Directors on 26
February 2008 and signed on its behalf by:
E M Davies P A Sands RH
Meddings
Chairman Group Chief Executive Group Finance
Director
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Goals and achievements in 2007
Strategy has been implemented across the Group, addressing all
key areas
of focus. During 2008 we will revise the strategy and define what
success will
look like for us by 2011 Our existing Group Environment Policy has
customers, clients and the public has been launched; i.e. the
Challenge GEMS has been updated and rolled out to all eligible
developed.
Priorities in 2008
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• Launch an interactive social networking environment portal
for employees
• 20 per cent reduction for paper use using 2006 baseline data.
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26
27
28
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ACHIEVEMENTS/AWARDS IN 2007 :
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SWOT ANALYSIS
STRENGTHS:
WEAKNESS:
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OPPORTUNITIES:
The diversification of the company can be also in the higher middle segment.
Indian Economy is growing at a pace speedier than others.
Flaws in the banking services of other banks, which are not able to tackle the
increasing number of consumers.
Presence of 150 years in the market is a priority that can be milked more.
The middle income segment involved in business can be considered.
Current Account was once considered the authority of nationalized banks but
now the trend has changed. Facilities by privatized banks has segmented the
market.
Sustained high growth rate in the economy.
Spending power among public had steadily increasing
Population mix moving favorably towards a younger age.
THREATS:
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CHAPTER III
PRESENTATION OF DATA
AND ANALYSIS
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COMPARITIVE STUDY OF THE CURRENT ACCOUNT
FACILITIES OF MAJOR BANKING PLAYERS
Standard Chartered Bank presents the Business Plus Account. A current account that
Special Features
At Standard Chartered, we ensure that your banking is most economical with our
Business Plus Account so that you may reinvest the money saved in your business.
FREE Drafts on our branch locations As a Business Plus customer, you can
now avail of drafts & pay orders payable at any of our branches up to 75 a
quarter.
FREE Payable at par cheques. You can issue cheques payable at par at any of
accounts in over 63 banks and 26000 branches across India. The funds can be
FREE Anywhere banking facility. You can conduct your banking transactions
from any of our branches spread across the country, irrespective of the branch
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The Business Plus Account offers Doorstep Banking - You can request for cash pick-
up and delivery, cheque pick-up, draft / PO delivery to / from your home or office.
Additional Features
Whatever your banking requirements our Business Plus Account will give you a mix
your time is precious. Thus, we provide a host of services that will help you save the
Get your funds faster without any additional cost. Cheques drawn on any
bank at our branch locations are cleared in just 7 days, Moreover, this service
Quick transfer. You can transfer funds between your accounts with our bank –
Doorstep Banking You can request for cash pick-up and delivery, cheque
pick-up, draft/PO delivery, to/from your home or office. Just call / fax us your
request.
FREE Internet Banking Access your account any time of the day from
anywhere in the world through our Secured Internet Banking facility. And do
FREE Phone Banking Access your account from the comfort of your home /
office. You can get account information, request for drafts, give stop cheque
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instructions, transfer funds and do much more with just one phone call – any
Debit Card with a XcessPlus benefits. You can now get FREE* access (4 free
transactions per month) to your money through over 20000 VISA ATMs
spread across the country. You'll also get all the special privileges and offers,
Eligibility
Resident Indians
This account can be opened Singly or Jointly and requires an initial deposit of
Rs.50,000.
The minimum average quarterly balance requirement for your Business Plus
Account is Rs.50,000.
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Enhanced Business Plus Account
You run your business efficiently, and effectively. That's why you need a current
account that does the same. The Enhanced Business Plus Account from Standard
Chartered is designed to make better business sense and make your money work most
effectively.
It's all you have ever wanted from a current account and more. Every business has
different needs and complexities. That's why the Enhanced Business Plus Account
Special Features
Whatever the nature of your business, controlling costs is always a top priority.
Enhanced Business Plus Account offers a range of unmatched opportunities for you to
FREE Drafts on our branch locations. As a Business Plus customer, you can
now avail of drafts & pay orders payable at any of our branches up to 75 a
quarter.
FREE Payable at par cheques. You can issue cheques payable at par at any of
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FREE National Electronic Fund Transfers. Now, transfer funds seamlessly to
accounts in over 63 banks and 26000 branches across India. The funds can be
FREE Doorstep Banking. You can request for cash pick-up and delivery,
cheque pick-up, draft/PO delivery, to/from your home or office. Just call / fax
us your request.
You can access your account from the comfort of your home / office through Phone
Banking. You can get account information, request for drafts, give stop cheque
instructions, transfer funds and do much more with just one phone call – any time of
the day.
Additional Features
Whatever your banking requirements our Enhanced Business Plus Account gives you
a better mix of value and transactional convenience. We also recognize that your time
is precious. Thus, we provide a host of services that will help you save the time spent
on banking.
Get your funds faster without any additional cost. Cheques drawn on any
bank at our branch locations are cleared in just 7 days. Moreover, this service
Quick transfer. You can transfer funds between your accounts with our bank –
FREE Internet Banking. Access your account any time of the day from
anywhere in the world through our Secured Internet Banking facility. And do
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FREE Phone Banking. Access your account from the comfort of your home /
office. You can get account information, request for drafts, give stop cheque
instructions, transfer funds and do much more with just one phone call – any
any of our branches spread across the country, irrespective of the branch
Debit Card with aXcessPlus benefits. You can now get FREE* access (4 free
transactions per month) to your money through over 20000 VISA ATMs
spread across the country. You'll also get all the special privileges and offers,
We also believe you deserve a choice, that's why we give you the option of choosing
the average quarterly balance you would like to maintain with the bank. Depending
on the balance, you can avail of a wide range of services that this account offers.
Eligibility
Resident Indians.
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HOUSING AND DEVELOPMENT FINANCE CORPORATION
{HDFC}
purpose of BUSINESS BANKING. Now, with an HDFC Bank Current Account, one
can experience the freedom of multi-city banking. You can have the power of multi-
location access to your account from any of their 761 branches in 327 cities. Not only
that, one can do most of their banking transactions from the comfort of office or home
requires time and money , also that one’s business needs are constantly evolving.
One can open an HDFC Bank Current Account & control your business operations
centrally.
Reimbursement
PLUS ACCOUNT
In today's fast-paced world, one’s business regularly requires him to receive and send
funds to various cities in the country. HDFC Bank Plus Current Account gives you
the power of inter-city banking with a single account and access to more than 327
cities.
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From special cheques that get treated at par with local ones in any city where HDFC
free account to account funds transfer between HDFC Bank accounts to Free inter-
city clearing of up to 100 lakhs per month, our priority services have become the
Plus Current Account requires you to maintain an average quarterly balance of Rs.
100,000.
Read on to know the powerful plus points of the HDFC Bank Plus Current Account.
SETTLEMENT].
Free up to 50 Demand Drafts per month and can be issued from any HDFC
Bank Branch
Free up to 50 Pay Orders (PO) per month and can be issued from any HDFC
Bank Branch.
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Register for InstaAlert service and receive updates on your account as and
when the select transaction happens - all this without visiting the branch or
ATM!
secure and hassle-free. Now, you can enjoy the benefits of banking right at
your doorstep. The Bank will arrange to render the services like Cash &
Enjoy facilities like 24-hour Phone Banking, Net Banking and Mobile
Banking that helps you check your balance & transaction details, find out the status of
Resident Individuals.
Partnership firms.
Limited companies.
Trust Accounts.
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All one need is to maintain an average balance of Rs. 1,00,000/- per quarter. (Non-
When the AQB is less than 1 lakh and upto Rs.50,000/-, there is a service charge of
When the is AQB less than Rs.50,000/-, there is a service charge of Rs.6,000/- per
quarter.
All fees & charges mentioned in the Tarriffs, Charges or Fees Brochures will attract
Service Tax @ 12% & Education Cess @ 3% of the service tax amount. The same
TRADE ACCOUNT
In today's changing business requirements, you need to transfer funds across cities,
and time is of the essence. HDFC Bank Trade Current Account gives you the power
From special cheques that get treated at par with local ones in any city where we have
a branch, to free account to account funds transfer between HDFC Bank accounts, to
free inter-city clearing of up to 50 lakhs per month, our priority services have become
the benchmark for banking efficiency. Trade Current Account requires you to
Read on to know the powerful features of the HDFC Bank Trade Current Account.
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Features & Benefits
Free up to 30 Demand Drafts (DD) per month and can be issued from any
Free up to 30 Pay Orders (PO) per month and can be issued from any HDFC
Bank Branch.
Free anywhere collection & payment within HDFC Bank branch network
Register for InstaAlert service and receive updates on your account as and
when the select transaction happens - all this without visiting the branch or
ATM.
secure and hassle-free. Now, you can enjoy the benefits of banking right at
your doorstep. The Bank will arrange to render the services like Cash &
Enjoy facilities like 24-hour Phone Banking, Net Banking and Mobile Banking that
helps you check your balance & transaction details, find out the status of your cheque
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Eligibility & Documentation
Resident Individuals.
Partnership firms.
Limited companies.
Trust Accounts.
Your business needs a partner who can manage your finances while you concentrate
You can avail benefits of inter-city banking account with Premium Current Account,
that requires an average quarterly balance of only Rs. 25,000, offers Payable-At-Par
cheque book facility & FREE inter-city clearing transactions across our network up to
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A Current Account with the benefits of accessing your account from a large network
of branches, and through direct access channels - the phone, mobile, Internet and
Enter into a profitable relationship and access all the privileges flowing your way.
Free anywhere collection & payment within HDFC Bank branch network
Rs.100,000/- at nominal cost of Rs.25/- and can be issued from any HDFC
Bank Branch .
Free Pay Order (PO) above Rs.100,000/-. Pay Order up to Rs.50,000/- at flat
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Register for InstaAlert service and receive updates on your account as and
when the select transaction happens - all this without visiting the branch or
ATM.
secure and hassle-free. Now, you can enjoy the benefits of banking right at your
doorstep.
The Bank will arrange to render the services like Cash & Cheque Pickup and Cash
Enjoy facilities like 24-hour Phone Banking, Net Banking and Mobile
Resident Individuals
Partnership firms
Limited companies
Trust Accounts
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A minimum Average Quarterly Balance of Rs. 25,000/- is required to operate this
A Current account is ideal for carrying out day-to-day business transactions. With the
HDFC Bank Regular Current Account, one can access their account anytime,
anywhere, pay using payable at par cheques or deposit cheque at any HDFC bank
branch. It also facilitates FREE NEFT transactions & FREE RTGS collections for
faster collections in your account. Regular Current Account requires you to maintain
With a vast network of branches in cities all over the country, and access to a
multitude of ATM's, you can keep track of all your transactions anytime.
Deposit your local cheques in one branch of a city and have it credited to your
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Inter-city Account to accounts funds transfer between HDFC Bank accounts at
Free Pay Order (PO) above Rs.100,000/-. Pay Order up to Rs.50,000/- at flat
of Rs.25/- .
Register for InstaAlert service and receive updates on your account as and
when the select transaction happens - all this without visiting the branch or
ATM.
secure and hassle-free. Now, you can enjoy the benefits of banking right at your
doorstep. The Bank will arrange to render the services like Cash & Cheque
Enjoy facilities like 24-hour Phone Banking, Net Banking and Mobile
Banking that helps you check your balance & transaction details, find out the status of
Resident Individuals.
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Hindu Undivided Families.
Partnership firms.
Limited companies.
Trust Accounts.
All you need is to maintain an average balance of Rs.10,000/- per quarter. (Non-
DOMESTIC ACCOUNT
Eligibility
If you are a new customer to the bank, you will first need to open either a
This is an individual level account and cannot be jointly held with other
account holders.
Account Operation
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Depending on the Foreign Currency in which you wish to operate the
account, you will have to initially deposit the following amount:US Dollar = 250 |
You must maintain an Average Quarterly Balance (AQB) of the same amount.
The following is chargeable if you are not able to maintain the AQB.US
HDFC Bank Flexi Current Account is the answer to your changing banking needs
With HDFC Bank Flexi Current Account your Cash Deposit and Anywhere
Transaction limits are a multiple of the balance you maintain in your Current
Account.
So, during peak seasons, you get the benefit of higher transaction limits due to the
What’s more, during lean seasons, you need not bother about maintaining huge
balances to enjoy high transaction limits, which you anyway may not need.
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Enjoy dynamic free limits on Intercity Payments, Collections & Funds
AMB maintained*
dynamic free transaction limits for that month would be as per the following table:
Cash Deposit at Home Branch Location Rs. 24,00,000 in that particular month
Pay your vendors on a real time basis using Real Time Gross Settlement
Make and receive remittances to & from your vendors & customers across
20,000 + Bank Branches of more than 50 Banks through Net Banking using
Free 40 Demand Drafts & Free 40 Pay Orders issued from any HDFC Bank
Branch*
InstaAlert service - receive updates on your account as and when the select
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Enjoy facilities like 24-hour Phone Banking, Net Banking and Mobile.
Banking that helps you check your balance and transaction details, find out the
convenient, secure and hassle-free. Now, you can enjoy the benefits of banking right
at your doorstep. The Bank will arrange to render the services like Cash & Cheque
Resident Individuals
Partnership Firms
Limited Companies
Trust Accounts
Association/Clubs/Societies
All you need to do, is maintain an average monthly balance of Rs.75,000/- per month.
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No more paperwork, no more receipts to keep track of - a hassle-free account that
allows you to deposit the reimbursements you receive from your company on a
monthly basis.
Procure an Account Opening Document (AOD) from HDFC Bank. (If you
have just joined, first request your company to open up a Salary Account for
you).
Mention your Salary Account number and your Debit Card number on the
AOD so that your Debit card can be linked to both, your Salary Account as
Account.
Account.
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Eligibility
Axis Bank was the first of the new private banks to have begun operations in 1994,
after the Government of India allowed new private banks to be established. The Bank
was promoted jointly by the Administrator of the specified undertaking of the Unit
Trust of India (UTI - I), Life Insurance Corporation of India (LIC) and General
Insurance Corporation of India (GIC) and other four PSU insurance companies, i.e.
National Insurance Company Ltd., The New India Assurance Company Ltd., The
Oriental Insurance Company Ltd. and United India Insurance Company Ltd.
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The Bank today is capitalized to the extent of Rs. 358.56 crores with the public
The Bank's Registered Office is at Ahmedabad and its Central Office is located at
Mumbai. Presently, the Bank has a very wide network of more than 701 branch
offices and Extension Counters. The Bank has a network of over 2854 ATMs
providing 24 hrs a day banking convenience to its customers. This is one of the
The Bank has strengths in both retail and corporate banking and is committed to
Overview
environment for your business. We realize that different businesses need different
solutions according to their size, nature and scale of operations. We also understand
what you need to add impetus to your business. Our range of Current Accounts
comes geared to answer all kinds of business requirements. Each of our Current
Accounts has been customized to ensure efficient management, quick transfers and
Axis Bank brings different kinds of current accounts for different types of businesses.
Axis Bank's Current Accounts come equipped with the following features to give
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Features
Anywhere Banking
Our Current Account allows you to bank from all our branches and extension
counters. You can deposit cash, withdraw cash, deposit cheques, and issue 'at-par'
You can transfer funds instantly between any of our branches. Funds transfers can be
effected online, right from your desktop, through our internet banking services.
Internet Banking
Axis Bank presents Corporate iConnect - a unique NetBanking platform for its current
account customers. Available with multiple user IDs, depending on your needs.
Access your account at any time form anywhere. You can transfer funds to your own
accounts or to third party accounts within Axis Bank & Inter Bank covering over
initiation by one user and approval by another. You can also execute bulk payments
like salary and commission across Axis Bank network, right from your desktop.
Enjoy the benefits of multicity chequebook with Axis Bank's current accounts. You
can issue cheques payable at par at all our branches across the country. Your cheques
will be treated as local cheques at more than 375 locations as on January 31, 2008.
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ATM or Debit Card
With every Current Account (for proprietary and partnership concerns), you can avail
upto 2 ATM cum Debit cards, which allow you round the clock access to your
account from any of all our ATMs all over the country. You can withdraw upto Rs
40,000 a day.
Mobile Banking
Mobile Banking will enable you to bank with us through your mobile phone
Phone Banking
Phone banking or Tele-banking service can help you access your account from your
Home Branch
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Interbranch (Intercity & Intracity)
Rs 75000
Deposits
Home Branch
Limit No limit
RAWALS DEPOSITS
Interbranch Withdrawals
59
Rs 50,000
Pay orders
Demand Drafts
Demand Drafts purchased from other banks Actual + Rs 0.50 / Rs 1000 minimum
Rs 50 perDD
Cheques Deposited at any branch in the same city for local clearing Free
Cheques paid at Non-Home Branch location, and Cheques Deposited at any Axis
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above free limit Rs 25 per cheque
Postage Rs 30/Cheque
Postage Rs 30/Cheque
ANSACTIONS
Account Maintenance
Free limit
Cheque Return
Cheque Issued Rs 350/Cheque for upto 5 cheques, Rs. 750 / cheque 6th cheque
onwards
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Chequebook (First Cheque book Free) Upto 60 leaves per month Rs. 2 / leaf.
Account Statement
Mobile Banking
Transaction Alerts for debit/credit above Rs 25000/- Rs. 25 per month / Mobile
Registeration
Stop Payment
Standing Instructions
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More than 1 year old Rs 500
Non-Maintenance Charges
Cheque
Charges
Cash
Limit
Charges
Limit
Charges
All the above service charges will attract service tax as applicable.
Charge cycle period shall be 25th of preceeding month to 24th of the current
month
All the above terms are subject to change without any prior notice.
COMMON CHARGES
ANNEXURE - I
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DD/PO Cancellation Charges 50/-
any
Duplicate Statement
upto 1 year old Rs. 50/ - per statement More than 1 year old Rs. 100/- per statement
Certificate of Balance
Home Branch
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Rs. 100 per transaction
Rs 1lakh
Home Branch
Limit No limit
Transaction Charges Free upto 100 transactions per month above free limit Rs 25 per
transaction
Pay orders
Transaction Charges 5 POs per day free. {Above that Rs. 25 per PO}
Demand Drafts
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Ad Valorem Charges Free
arrangement)
minimum Rs 50 per DD
Cheques Deposited at any branch in the same city for local clearing Free
Cheques paid at Non-Home Branch location, and Cheques Deposited at any Axis
Ad Valorem Charges Free upto Rs 50 Lakhs per month above free limit Rs 0.50/ Rs
1000
Transaction Charges Free upto 20 Transactions per month,above free limit Rs 25 per
cheque
Postage Rs 30/Cheque
Postage Rs 30/Cheque
Ad Valorem Charges Free upto Rs 50 Lakhs per monthRs 0.30 / Rs 1000 above free
limit
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Transaction Charges Free upto 20 Transfers per month, above free limit Rs 25 per
transfer
Account Maintenance
Free limit
Cheque Return
Chequebook (First Cheque book Free) Upto 100 leaves per month Rs. 2 /
Account Statement
Mobile Banking
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Stop Payment
Standing Instructions
charges
than Rs 50,000
Non-Maintenance Charges
Charges
Cash
Limit
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Limit
DD / PO
Delivery
MARKS DOAll the above service charges will attract service tax as applicable.
Charge cycle period shall be 25th of preceeding month to 24th of the current
month.
All the above terms are subject to change without any prior notice.
Scheme Code Conversion Charge of Rs. 150 per instance shall be charged to all
current account holders for opting different scheme code from the existing one.
COMMON CHARGES
ANNEXURE - I
Duplicate Statement
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Certificate of Balance
Home Branch
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(At the time of deposit)
Rs 2 lakhs
Home Branch
Transaction Charges Free upto 100 transactions per month above free limit Rs 25 per
transaction
Transaction Charges Free upto 6 transactions per month above free limit
Rs 25 per transaction
Of the above Maximum Daily Limit for Third Party Inter branch Withdrawals
Rs 50,000
Pay orders
Demand Drafts
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Transaction Charges Free upto 12 DDs per day, above that Rs. 25 per DD
arrangement)
Demand Drafts purchased from other banks Actual + Rs 0.50 / Rs 1000 minimum
Rs50 per DD
Cheques Deposited at any branch in the same city for local clearing Free
Cheques paid at Non-Home Branch location, and Cheques Deposited at any Axis
Ad Valorem Charges Free upto Rs 90 Lakhs per month above free limit Rs0.50 / Rs
1000
Transaction Charges Free upto 40 Transactions per month, above free limit Rs 25 per
cheque
Postage Rs 30/Cheque
Postage Rs 30/Cheque
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Transaction Charges Free upto 40 Transfers per month, above free limit Rs 25 per
transfer
Account Maintenance
Cheque Return
Cheque Issued Rs 350/Cheque for upto 5 cheques, Rs.750/cheque 6th cheque onwards
Chequebook (First Cheque book Free) Upto 100 leaves per month Rs. 2 / leaf.
Account Statement
Mobile Banking
Stop Payment
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Standing Instructions
Less than 1 year old Rs 750 More than 1 year old Rs 500
Duplicate Statement
Certificate of Balance
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More than 1 year old Rs. 100/- per record / query
Home Branch
Rs 2 Lakh
Home Branch
Limit No limit
Of the above Maximum Daily Limit for Third Party Interbranch Withdrawals
Rs 50,000
Pay orders
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Ad Valorem Charges Free
Transaction Charges Free upto 15 DDs per day, above that Rs. 25 per DD
arrangement)
Cheques Deposited at any branch in the same city for local clearing Free
Transaction Charges 500 transactions per month, above that Rs. 3 per transaction
Postage Rs 30/Cheque
Postage Rs 30/Cheque
Account Maintenance
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Free limit 750 transactions per month
Cheque Return
Cheque Deposited for Outstation Collection Rs 50 per cheque plus other bank charges
wherever applicable
Account Statement
Mobile Banking
Stop Payment
Standing Instructions
Set up Free
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Execution (Inter-bank Fund Transfer) Free
Cheque
Charges Free
Cash
DD / PO
Delivery Free
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CLUB 50 CURRENT ACCOUNT
Home Branch
Rs 2 Lakh
Rs 50,000
Home Branch
Limit No limit
Rs 50,000
Pay orders
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Transaction Charges Free
arrangement)
Cheques Deposited at any branch in the same city for local clearing
Free
Cheques paid at Non-Home Branch location, and Cheques Deposited at any Axis
Clearing
Transaction Charges 1200 transactions per month, above that Rs. 3 per
transaction
Postage Rs 30/Cheque
Postage Rs 30/Cheque
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Transaction Charges Free
Account Maintenance
Cheque Return
Cheque Deposited for Outstation Collection Rs 50 per cheque plus other bank charges
wherever applicable
Annual Charge
Account Statement
Mobile Banking
Day End Balance Free Transaction Alerts for debit/credit above Rs 1,00,000/- Free
Stop Payment
Standing Instructions
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Set up Free
Cheque
Charges Free
Cash
Charges Free
Charges Free
DD / PO
Delivery Free
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HONGKONG AND SHANGHAI BANKING CORPORATION
LIMITED {H.S.B.C}
traced back to October 1853 when the Mercantile Bank of India, London and China
many ways propitious for the Mercantile Bank. In 1950 it moved into its new head
Corporation Limited of the Mercantile Bank was a decisive factor in laying the
foundation for today's HSBC Group. Founded in 1865 to serve the needs of the
merchants of the China coast and finance the growing trade between China, Europe
and the United States, HSBC has been an international bank from its earliest days.
and Shanghai Banking Corporation, the Flora Fountain building became and remains
to this day, the Head Office of the HSBC Group in India. Through the 1990s, HSBC
has vigorously developed its role as one of the leading banking and financial services
organisations in the world. Its strategy of 'managing for value' emphasises the
Group's unique balance of business and earnings between older, mature economies
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HSBC in India is proud to have retained the Group's pioneering streak by being an
active partner in the development of the Indian banking industry - even giving India
its first ATM way back in 1987. The organisation's adaptability, resilience and
times and prosper through good times over the past 150 years.
INTERNATIONAL LINKS
BUSINESS BANKING
time, money and planning. That’s why, each one of the products and services, in our
extensive range, is designed to give you maximum value with minimum paperwork
and effort. Whatever the size of your business, we have an account just right for you.
With comprehensive solutions that are tailor made to suit your individual business
needs. Keeping in mind varying business needs, we have designed different packages
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Our Business Banking Current Account offerings have been
revised. With effect from 1st March 2008, we would be glad to serve you with our
Existing customers availing the “Business Account” variant may continue with
BusinessVantage Account
The Business Banking Account for growth. When you need solutions for a growing
business, choose the banking account that gives your business a superior service
advantage. With a flexible financial package that includes a host of exclusive benefits
and free services, Business Vantage Account from HSBC puts your business
completely at an advantage.
As our valued customer, you can enjoy our local expertise and global reach in
handling your trade business, including a complete range of products that would
facilitate you in all your export and import transactions. These include Export and
Import Collections, Documentary Credit (or Letter of Credit) issuing, advising and
confirming, negotiation of your Export Bills and Remittances. All this at specially
discounted prices. For more information on our trade services, please click here.
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With your BusinessVantage account you get a 'cheques payable at par' facility across
23 cities in India. So your cheques are locally cleared across our branches, free of
Enjoy the benefit of free cashier's orders payable at any HSBC branch in India.
No need to rush to the Bank for routine transactions. Let the Bank come to you to
pick up and deliver cash, collect cheques etc, allowing you to save valuable time and
money.
With our global network, we not only ensure that your foreign exchange transactions
and seamless but also provide you with a preferential rates on all your foreign
You can now withdraw up to Rs. 1 Lakh per day from your BusinessVantage account.
In addition, you can also obtain a statement, transfer funds between accounts, order
chequebooks, and deposit cheques and cash. You can also deposit cheques or credit
card payments at any time of the day or night at our cheque deposit boxes located at
You can now apply for a HSBC debit card which can be used as an ATM card at any
HSBC or Visa/Plus ATM across the world, as well as for making payment at
merchant establishments.
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No bounce cheque protection
Make payments with complete peace of mind - BusinessVantage offers you a no-
account. For more information and an application form, please contact your branch.
Cluster deposits
With cluster deposits, let the idle monies in your current account earn the interest rate
of a fixed deposit while allowing you access to your funds. Ensuring returns as well
as liquidity.
chequebook.
Now view and download your account statements, pay bills, make drafts or transfer
Access your bank at your convenience, without actually stepping into the Bank.
That's not all - transfer funds, pay your suppliers, make fixed deposits, request a
And that's not all - enjoy the advantages of making payments to any part of the
country, FREE Auto sweeps to transfer excess cash to a fixed deposit, FREE standing
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Eligibility
100,000.
BUSINESS ACCOUNT
wef 31st March 2008. However existing customers availing the Business Account
Multi-branch banking
Operate your current account from any branch in your city and perform select
transactions at any of our 42 branches and over 170 ATMs across the country.
Withdraw up to Rs. 75,000 per day and access over 170 ATMs in India with your
special ATM card. In addition, you can also obtain a statement, transfer funds
between accounts, order chequebooks, and deposit cheques and cash. You can also
deposit cheques or credit card payments at any time of the day or night at our cheque
We can clear upcountry cheques drawn on any location across the country, though
they have to be deposited at our branch locations. You can get assured credit within a
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maximum of nine working days at about 150 locations in the country. We have tie
ups with correspondent Banks at close to 4000 locations from where we can ensure
Access your bank balances 24 hours a day, 7 days a week at your convenience,
without actually stepping into the Bank. Besides this, transfer funds, pay suppliers,
make fixed deposits, request a chequebook and much more. All you need is a phone.
View and download your account statements, pay bills, make drafts or transfer funds
Simplify salary payments by using Auto Pay to directly credit salaries to your
employees' accounts.
And that's not all - as a Business Banking customer you can invest in mutual funds,
convert your shares into electronic form with HSBC's depository services.
Eligibility
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METHODOLOGY:
1.
• Data was being collected from the banks.
2.
• The data of the banks taken from the cluster offices was compared.
CHARTERED BANK should carry on and see through the market whether the bank
defining the identified problem which involves evaluating the existing studies on the
related topic, discussing the problem with experts, analyzing the situation etc. This
would also involve gathering the detailed knowledge about the customers and the
products and services provided by the organization. At this stage of the study , a deep
sources, the primary research would involve one to one interactions with the users to
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Simultaneous learning of various research techniques, evaluating and analyzing the
CHAPTER IV
FINDINGS,CONCLUSIONS
AND
SUGGESTIONS
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CONCLUSION
All the way on the research for the past 2 months. I got through the following 4 banks
namely,
STANDARD CHARTERED BANK
AXIS BANK {Formerly UTI}
HONGKONG SHANGHAI BANKING CORPORATION {HSBC}
HOUSING DEVELOPMENT FINANCE CORPORATION {HDFC}
I was purposed to make a comparison of the current account facilities being provided
provides the best available services to a niche segment market. Although the next
competitor I would suppose is the HDFC BANK. Is is sure to achieve better markets
but due to the overcrowding of the branches it is yet to subtle itself. AXIS BANK is
yet to reconcile itself. The bank provides so many Current Account facilities that it
together for a different provider. Only those can survive the facilities who belong to
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the executive class. Further the data speaks for itself that the best option among the 4
• The sample size was too small as compared to the consumer base targeted.
• The research need to done by a single identity so it can not not be claimed
fully authetic.
LEARNING EXPERIENCE
gave me a real time exposure to know about the organizational working process. I was
CHARTERED BANK is one of the India’s prior bank. It is doing its business by
BANK because banking always attracted me. The completion of any task depends
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knowledge, energy, time and above all the proper guidance of the experienced
seniors.
this was the great experience, and I would like to thank all those people whom I have
It was a great pleasure to work with STANDARD CHARTERED BANK and overall
ANNEXURE
94
AMITY UNIVERSITY
--------------------UTTAR PRADESH--------------------
(Established by Ritnand Balved Education Foundation)
ABHISHEK MISHRA
5/78 , VIRAM KHAND
GOMTI NAGAR , LUCKNOW
UTTAR PRADESH PIN - 226010
Mobile: +91-930-519-8646
Email: abhishekmishra_86@yahoo.co.in
Career Objective
Rendering the best managerial services in an organization with zeal to learn and grow.
Summary of skills
• Communication, collaboration skills with team spirit and proficiency at grasping new
concepts quickly and utilize the same.
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• Ability to generate, transform ideas and concepts in using creative and critical
thinking.
Professional Qualification
Academic Qualification
Intermediate 73% ARMY SCHOOL Faizabad 2003-2004
High School 78% ARMY SCHOOL Faizabad 2001-2002
Achievements
• Participated and got first division in NATIONAL OLAMPIAD of
MATHEMATICS in high school.
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• Participated in activities of LUCKNOW MANAGEMENT ASSOCIATION ,
LUCKNOW representing my college.
Strengths
• Ability to motivate people and working together in team.
• Ability to Learn.
Personal Details
D.O.B. : 06TH MAY ,1986
Fathers Name : Mr. Raghvendra Nath Mishra
Mother’s Name : Mrs. Chandra Prabha Mishra
Permanent Address : 5/78, Viram Khand, Gomti Nagar, Lucknow, U.P.
Mobile No : +91-930-519-8646
Gender : Male
Marital Status : Single
References
1. Mr.VIVEK MISHRA
{PROGRAM ANALYST}
COGNIZANT TECHNOLOGY SOLUTION,Coimbatore
Mob. 09367712677
2. Mr.JATIN MEHTA
{Asst. Manager ,SUPPLY CHAIN DEPARTMENT}
MARUTI UDYOG Ltd. Gurgaon
Mob. 09999378811
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{PROJECT ENGINEER}
WIPRO TECHNOLOGIES Bangalore
Mob. 09342156541
DECLARATION
This is to inform that all the information given in the Bio data is authentic.
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BIBLIOGRAPHY
BOOKS :
Pandey,I.M, FINANCIAL MANAGEMENT
WEBSITE :
www.standardchartered.com
www.hdfcbank.com
www.hsbc.co.in
www.axisbank.com
www.google.co.in
www.indiatodaygroup.com
www.bankingindiaupdate.com
PEOPLE :
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