Fundamentals of Banking & Finance (Exam Preparation)

🚀 Fundamentals of Banking & Finance (Exam Preparation): Your Pathway to Mastering Banking Concepts! 🏫

Course Overview: This comprehensive course is meticulously designed for anyone aspiring to gain a solid grasp of the banking and finance sector. Whether you're preparing for an exam, seeking a career in banking, or simply looking to enhance your financial literacy, this course will equip you with essential knowledge and skills.

📚 What You'll Learn:

MODULE 1: Evolution of Banking

• 🏛️ Origin, Meaning and Definition of 'Bank': Trace the roots of what a bank is and understand its core functions over time.
• 🌍 Evolution of banking in Europe, USA & Asia: Explore how banking systems have evolved across different regions.

MODULE 2: Functions of Bank

• 💳 Primary functions: Discover the key roles banks play within our economy.
  • Accepting deposits: Dive into various types of accounts and their operations, from demand to fixed deposits.
  • Granting Loans and Advances: Learn about the different loan types and credit facilities offered by banks.
• 🔧 Secondary functions: Understand additional services that support the core banking activities.
  • Agency Functions: From payment processing to safe custody, learn how banks facilitate these services.
  • General Utility Functions: Get to know the broader utility of banks beyond basic transactions.

MODULE 3: Procedure for opening and operating of deposit account

• 📝 Procedure for Opening of Deposit Account: Master the Know Your Customer (KYC) norms, application processes, and documentation needed to open a bank account.
• 💰 Procedure for Operating Deposit Account: Learn about managing your account effectively with pay-in slips, withdrawal slips, and more.
• 🏧 Closure of accounts/Transfer of accounts: Understand the process of closing an account or transferring it to another branch or bank.
• Types of account holders: Explore different types of account holders, from individuals to institutions like businesses and non-profit organizations.

MODULE 4: Methods of Remittances

• 💌 Demand drafts, bankers' Cheques, and Truncated Cheques: Learn the intricacies of different remittance methods.
• 🌍 Mail transfer and Telegraphic transfer: Understand international fund transfer mechanisms.
• ⚡️ Electronic Funds Transfer (RTGS, NEFT, SWIFT): Get to grips with electronic payment systems that dominate modern banking.

MODULE 5: Lending principles, Credit Creation, and Balance Sheet of a bank

• 💡 Safety, Liquidity, Profitability, Diversification: Grasp the key principles banks must balance for financial stability.
• 🚀 Credit Creation Process: Learn how banks create credit and understand its limitations.
• 📊 Balance sheet of a commercial bank: Analyze the components that make up a bank's balance sheet.

MODULE 6: Negotiable Instruments

• 🆐 Promissory note, Bill of Exchange, and Cheques: Understand the fundamental types of negotiable instruments and their characteristics.
• 💰 Types of Cheques: Learn about bearer, order, and crossed cheques, and their crossing types—general and special.

Banking Fundamentals:
Banks are integral to economic health, providing credit facilities, cash storage, investments, and facilitating a wide array of financial transactions. This course will delve into the concepts and principles that underpin the banking industry.

🎓 Why Take This Course?

• Prepare for banking and finance exams with confidence.
• Understand the intricacies of the banking system.
• Gain practical knowledge applicable to various financial roles.
• Enhance your financial acumen for personal or professional growth.

With a perfect blend of theoretical knowledge and practical insights, this course is tailored to give you an edge in understanding the complex world of banking and finance. 🎓✨

Enroll Now and Start Your Journey Towards Financial Expertise!