Q.Do a project on banking services. Approach a nearby bank and collect information about various services offered by them and also collect leaflets about salient features of different schemes. Compile and suggest what extra services you may like to propose.

How to do it: Approach a bank branch, collect details of deposit accounts (current, savings, fixed/recurring), loans (term, overdraft, cash credit, consumer credit), remittance (drafts, NEFT/RTGS), e-banking (ATM, PoS, internet/mobile banking) and allied services (lockers, bill payment, insurance premium, dividend collection). Gather scheme leaflets, compile them neatly, and propose useful additions. …

What to do

• Approach a nearby bank branch and, politely explaining it is a school project, collect information and leaflets.
• Organise what you gather under the functions of a commercial bank:
  • Deposit accounts — current, savings, fixed (time) and recurring deposits; note the interest rates and withdrawal rules.
  • Lending of funds — term loans, overdrafts, cash credits, discounting of bills and consumer credit.
  • Remittance of funds — bank drafts, pay orders, mail transfers, and electronic transfer via NEFT and RTGS.
  • e-Banking services — ATM, PoS, credit/debit cards, internet and mobile banking.
  • Allied services — locker facility, bill payments, underwriting, buying/selling shares, paying insurance premiums, collecting dividends.
• Compile a folder or report — one section per function, with the leaflets attached and a short note on the salient features of each scheme.

What to look for and propose

• Compare the schemes on interest rate, minimum balance, tenure and convenience. …