- Meaning: A bank draft (demand draft) is a cheque issued by a bank on its own branch or another bank, payable on demand to a specified person.
- Safety: It is a safe and reliable method of transferring money, as there is no risk of dishonour.
- Issue Procedure: The purchaser deposits the required amount and pays a small commission to the bank, which then issues the draft.
- Payment: The payee can receive the amount by presenting the draft at the drawee bank.
- Online Facility: Bank drafts can also be obtained online, with the amount and charges directly debited from the account or credit card.
Topics
Unit-1 : Business Environment
Business Environment
Capital - Fixed and Working
- Sources of Finance for Sole Trader
- Sources of Finance for Partnership
- Sources of Finance for Joint Stock Company
- Sources of Finance for Financial Planning
- Concept of Fixed and Working Capital
- Factors Affecting Fixed and Working Capital Requirements
- Comparison Between Fixed and Working Capital
- Overview of Capital - Fixed and Working
Unit-2 : Financing
Sources of Finance for a Joint Stock Company
- Concept of Shares
- Finance for a Joint Stock Company - Bonus Shares
- Finance for a Joint Stock Company - Rights Issue
- Employee Stock Option Plan (ESOP)
- Sweat Equity Shares
- Retained Earnings
- Long-term Sources of Funds
- Advantages and Disadvantages of Debentures
- Concept of Debentures
- Loans from Commercial Banks and Financial Institutions
- Loans from Commercial Banks and Financial Institutions - Advantages and Disadvantages
- Different Types of Short Term Financial Assistance by Commercial Banks
- Short-term Sources of Funds - Public Deposits
- Short-term Sources of Funds - Trade Credit
- Short-term Sources of Funds - Factoring
- Inter Corporate Deposits and Installment Credit
- Advantages and Disadvantages of Various Sources of Funds
- Overview of Sources of Finance for a Joint Stock Company
Unit-3 : Management
Banking - Latest Trends
- Concept of Online Services
- Transfer of Funds Through Real Time Gross Settlement (RTGS)
- Banking Services with Particular Reference - National Electronic Fund Transfer
- Issue of Demand Drafts Online
- Banking
- Advantages and Disadvantages of Online Payments, E-banking
- Advantages and Disadvantages of Mobile Banking
- Debit Cards Vs Credit Cards, ATM (Automated Teller Machine)
- Differences Between Debit Card and Credit Card
- Overview of Banking - Latest Trends
Unit-4 : Marketing
Management - Meaning, Nature and Importance
Principles of Management
Functions of Management and Coordination
Planning
Organising
Staffing
Directing
Controlling
Marketing - Concept and Functions
- Concept of Market
- Types of Market
- Concept of Marketing
- Comparison Between Marketing and Selling
- Importance of Marketing
- Functions of Marketing
- Overview of Marketing - Concept and Functions
Marketing Mix
- Concept of Marketing Mix
- Marketing Mix - Product Mix
- Product Mix - Goods
- Product Mix - Services
- Product Mix - Branding
- Product Mix - Labeling
- Product Mix - Packaging
- Marketing Mix - Price Mix
- Marketing Mix - Place Mix
- Choice of Channels of Distribution and Physical Distribution
- Concept of Promotion (Marketing)
- Elements of Promotion Mix
- Overview of Marketing Mix
Consumer Protection
- Concept of Consumer Protection
- Importance of Consumer Protection
- Methods of Consumer Protection
- Consumer Protection Act, 2019
- Consumer Protection Act 1986 (COPRA)
- Legislative Measures and Consumer Associations/NGOs
- Comparison of Consumer Dispute Redressal Agencies
- Overview of Consumer Protection
CISCE: Class 12
Key Points: Real Time Gross Settlement (RTGS)
- Meaning: RTGS is a system for instant transfer of funds between banks on a real-time and one-to-one basis.
- Speed: Transactions are settled immediately without waiting or batching.
- Amount Limit: Minimum transfer is ₹2 lakh; there is no maximum limit.
- Availability: RTGS is available only at CBS-enabled bank branches during banking hours.
- Finality: Once processed, the transfer is final and cannot be reversed.
CISCE: Class 12
Key Points: National Electronic Funds Transfer (NEFT)
- Meaning: NEFT is a nationwide electronic fund transfer system used to transfer money from one bank account to another in India.
- Settlement: NEFT transactions are processed in batches at fixed times, not instantly.
- Account Requirement: Sender may transfer money with or without a bank account, but the receiver must have an account in a NEFT-enabled bank.
- Amount Limit: No minimum or maximum limit when transferring from a bank account; without account, limit is ₹49,999.
- Charges: Sender pays nominal charges, while the receiver pays no charges.
CISCE: Class 12
Key Points: Difference between NEFT and RTGS
| NEFT | RTGS |
|---|---|
| Batch transfer | Real-time transfer |
| Slower | Instant |
| No minimum limit | Minimum ₹2 lakhs |
| Limited timings | Continuous processing |
| Small payments | Large payments |
CISCE: Class 12
Key Points: Immediate Payment Service (IMPS)
- IMPS is an instant fund transfer system managed by NPCI, allowing real-time money transfer between banks.
- Available 24×7 throughout the year, including Sundays and holidays.
- Can be used through mobile banking and internet banking using MMID or bank details.
- Fast and reliable – money is credited immediately and alerts are sent to both sender and receiver.
- Low transaction charges and suitable for small as well as large payments.
CISCE: Class 12
Key Points: Electronic Banking (E-Banking)
- E-banking means doing banking transactions through the internet using computers or mobile devices.
- It provides 24×7 banking services, allowing customers to transact anytime and from anywhere.
- No physical visit to the bank is required, saving time and effort for customers.
- It increases efficiency for banks by reducing branch workload and using a centralised database.
- It has limitations, including high technological costs, the need for training, and the risk of technical errors.
CISCE: Class 12
Key Points: Main Forms of E-Banking
- Electronic Funds Transfer (EFT) allows direct transfer of money between bank accounts, such as salaries, pensions, bills, and loan instalments, safely and on time.
- ATM (Automated Teller Machine) enables customers to withdraw or deposit cash and access banking services 24×7 without visiting the bank branch.
- Debit Card allows payment and cash withdrawal only up to the amount deposited in the bank account; no credit facility is provided.
- Credit Card provides a credit facility where payment is made after use; the cardholder must have good creditworthiness.
- Core Banking Solution (CBS) allows customers to operate their account from any branch of the same bank across the country.
- Mobile Banking and SMS Alerts enable customers to perform transactions, pay bills, and receive instant updates on account activity through mobile phones.
- Tele Banking and Internet Banking provide balance enquiry, fund transfer, and other services remotely, reducing the need for physical bank visits.
CISCE: Class 12
