Important Key Takeaways of Banking

Module Units

1. Banking
2. Deposit Accounts
3. Loan Accounts
4. Mistakes To Avoid While Opening A Bank Account
5. Selecting A Suitable Savings Bank Account
6. Fund-based And Non-Fund based Financial Services Offered By Banks
7. Fixed Deposits
8. Recurring Deposit
9. Different Types Of Fixed Deposits In India
10. Deposit Insurance System
11. Circumstances Leading To Closure of Bank Accounts
12. Banking Transaction
13. Branch Banking And Online Banking
14. Transactions Available Through Online Banking
15. How To Start Online Banking
16. ATM Transactions
17. Different Types of Money Remittance Services Offered By Banks
18. Cheque Truncation System (CTS)
19. Keeping A Bank Account Secure
20. Safety Rules And Guidelines
21. Fictitious Emails, SMS And Phone Calls
22. Forged Notes
23. Ponzi Schemes
24. Borrowing Money
25. Types of Bank Loans
26. Credit Cards
27. How to use a credit card?
28. Importance Of Maintaining A Good CIBIL Score
29. Problem Of Excess Debt
30. Strategies To Avoid Excess Debt
31. Managing Money
32. Nomination Facility In Bank Accounts
33. Procedure For Making A Claim
34. Digital Money
35. Forms Of Digital Money
36. Debit Cards
37. Digital Payments
38. E-Wallets
39. Types of e-wallets
40. Unified Payments Interface
41. Benefits Of UPI System
42. Conclusion

Conclusion

Finally, this module has come to an end. Hope you learned quite a lot about the banking system in India, along with Satish. We have tried to cover all the basics related to banking. There are much more things to learn about banking and its services. A fun fact: Did you know that the banking and financial services sector has the highest weight of 39.47% in the Nifty 50 index? Yes, you heard it correct. It has got the highest weight among all other sectors. If you ask why so? Because of the importance of money flow in the economy. Learning does not end in our life. So, keep learning and read more such interesting modules at ELM School.

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