ORGANIZATION CHART

CHAIRMAN

VICE CHAIRMAN

MANAGING DIRECTOR

DIRECTORS

MANAGERS

PERSSONAL MANAGER GENERAL MANAGER

CLERK CLERK

PEON PEON

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 SERVICE OF THERDC BANK

It was a time when a function of the banks limited to the collection saving from
the public & lending to the people who are in of money. But in modern age, now it’s not like
that, in modern time banks have become the important part of colony due to the only expansion
in the function. One reason for development in banking function is that the developing of the
market means today’s competition & to maintain position in the market banks they have to
develop their services. The modern function or the services provided by the banks are as follows.

 To collect spare funds from people’s saving & pay they interest.

 To make these funds available to the businessman & industrialist as loan & advance.
They charge interest from them.

 They also help in assisting international trade by arranging exchange of currency to

another one.

 Banks render services for the welfare & development of weaker section of the society,
they help in setting up small industries, cottage etc.

 Banks help farmer to buy tractors & other agricultural equipments, middle class people to
buy home appliances like T. V. & provide finance for house.

 In RDC Bank out of these services most of services are being served. Not only that but
also they are providing ATM facility, Cash card facility, Demand draft facility & many
other services.

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 RDC BANK PROVIDES SERVICES LIKE…

DEPOSITS:

 Current Deposits

 Saving Deposits

 Term Deposits

 Recurring Deposits

LOANS:

 TERM LOANS:

 Mortgage loans

 Secured loans

 Personal Loans

 Vehicle Loans

 Home Loans

 Loan to small scale

OTHER SERVICES:

 Locker System

 ATM facility

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AGRICULTURAL LOANS:

 Medium term loan

 Annual credit plan

 Smart Kishan Credit Card

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 DEPOSITS

1. CURRENT DEPOSIT

Current account refers to regularity of transecting in account with in banking

hours on all working day. The banker’s liability in this regard is to honor all the demand of the
customer to the extent to which his account shows a credit balance. It is because of this
obligation current account deposit is known as bankers demand liability & in order to fulfill this
liability they keeps sufficient cash ready every moment.

A current account is an account which is generally opened by businessmen, companies,

institutes, corporations, industrialists etc.

 Who have huge working capital in their hand.

 Who are interested in keeping money safe.
 Who transect with their banker daily.
 Who received and make payment usually through cheques.
 Who utilize the agency services of the banker frequently
 Who are engaged in large scale business activity, social services and government
activities?
At present in RDC BANK the condition of current account is as under.

No. of depositors total deposit amt. % of total deposit

10,748 11,60,305,301,51 6.21%

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2. SAVING DEPOSIT

Saving deposit account is an ideal account or those who have money to save but
who can not advantageously invest them any where else as their saving are not of much
significance to the capital market because their saving are too small. This amount is therefore
meant of smaller saver. The account is therefore encourages small saving and tries to forge a
saving habit in the general public. The attitude to save is important which this account tries to
create and thus mobilize such small savings for greater social good saving deposits account is for
that section of society and put to fruitful utilization.

 Restriction on with drawl of amount.

 Restriction on deposit of amount.
 Payment of interest.

Other features of saving deposit:

 Attractive Rate of interest (3.5%)

 Easy procedure for account opening.
 24 hours banking facility through their ATM centers.
 Personalized services & special facility by the way of telephonic inquiry.
 Regular bank statement is provided at home through post or E-mail.
 Attractive computerized passbook.
 No charges for saving account holder.
No. of depositors total deposit amt. % of total deposit
50,314 9,06,186,7137.48 48.55%

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 At present in RDC BANK the condition of saving deposit is as follows.

3. TERM DEPOSIT

This account attracts those customers who have money invest for a longer period
but do not want to take much of risk. Such person prefers to deposit with commercial banks for a
specified period at a specified rate of interest. The interest rate varies from one period to another.
A deposit of 15 days attracts a smaller rate of interest and deposits for 5 or more years. The
highest rate of interest. The period for which deposits are to be made depends upon the depositor
himself. However, once a decision is taken by the depositor any money deposit usually he is not
allowed to withdrawal the same before the interest earned till that date or accepts a lower rate of
interest than stipulated at the time of deposits.

At present in RDC BANK the condition of the term deposits is as under.

No. of depositors total deposit amt. % of total deposit

77,750 8440955426 45.22%

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