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प्रश्न
Visit any commercial bank in your city. Meet the staff and find out the procedure for opening a savings bank account. What facilities are available under such an account? How frequently can money be deposited and withdrawn from a savings account? What are the advantages of using a cheque for making payments?
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उत्तर
Project Title: Study of Savings Bank Account and its Facilities
Objective: To understand the procedure for opening a savings bank account and the facilities provided under it.
Name of the Bank Visited: Bank of Baroda, Dadar Branch
Date of Visit: 15 July 2026
Person Interviewed: Ms. Priya Mehta, Customer Relationship Officer
Information Collected:
Procedure for Opening a Savings Bank Account:
- Fill out the account opening form.
- Submit identity proof and address proof.
- Submit PAN Card or Form 60.
- Provide recent passport-size photographs.
- Complete KYC formalities.
- Deposit the minimum required amount, if applicable.
Facilities Available:
- ATM/Debit Card
- Cheque Book
- Passbook
- Internet Banking
- Mobile Banking
- UPI and QR Payments
- SMS and E-mail Alerts
- Interest on Savings Balance
Deposit and Withdrawal: Money can be deposited and withdrawn as many times as required, subject to the bank’s rules and the available account balance.
Advantages of Using a Cheque:
- Safe mode of payment.
- Reduces the need to carry cash.
- Provides proof of payment.
- Convenient for making large payments.
- Easy to issue and encash.
Conclusion: The visit helped me understand the procedure for opening a savings bank account and the various facilities it offers. A savings account provides safety, convenience and easy access to banking services for customers.
