A project report on

TJSB Sahakari Bank Ltd

A Project Submitted to
University of Mumbai for partial completion of the degree of
Bachelor in Commerce (Accounting and Finance)
Under the Faculty of Commerce

By
Ms Aarti Vilas Gode
Roll no. A030

Under the Guidance of

Mrs Anita Yakkali

KET’s V.G.Vaze college of Arts, Commerce & Science,

Mithagar Road, Mulund (E),
Mumbai 400081

April 2020
 KET’s V.G.Vaze college of Arts, Commerce & Science,
Mithagar Road, Mulund (E), Mumbai 400081

CERTIFICATE

This is to certify that Ms Aarti Vilas Gode has worked and duly completed her Project Work for
the degree of Bachelor in Commerce (Accounting & Finance) under the Faculty of Commerce in
the subject of and her project is
entitled, “Internship report on TJSB Sahakari Bank Ltd” under my supervision.
I further certify that the entire work has been done by the learner under my guidance and that no
part of it has been submitted previously for any Degree or Diploma of any University.
It is her own work and facts reported by her personal findings and investigations.

Signature of Guiding teacher

Mrs Anita Yakkali

Date of submission :
 DECLARATION

I the undersigned Miss Aarti Vilas Gode here by, declare that the work embodied in this
project work titled “ Internship project report on Thane Janata Sahakari Bank Ltd ”,
forms my own contribution to the research work carried out under the guidance of Mrs Anita
Yakkali is a result of my own research work and has not been previously submitted to any other
University for any other Degree/ Diploma to this or any other University.
Wherever reference has been made to previous works of others, it has been clearly indicated as
such and included in the bibliography.
I, here by further declare that all information of this document has been obtained and presented
in accordance with academic rules and ethical conduct.

Signature of the student

Aarti Vilas Gode

Certified by

Signature of the Guiding Teacher

Mrs. Anita Yakkali
 ACKNOWLEDGMENT

To list who all have helped me is difficult because they are so numerous and the depth is so
enormous.

I would like to acknowledge the following as being idealistic channels and fresh dimensions in
the completion of this project.

I take this opportunity to thank the University of Mumbai for giving me chance to do this
project.

I would like to thank my Principal, Dr. B. B. Sharma for providing the necessary facilities
required for completion of this project.

I take this opportunity to thank our Coordinator Mr Ashok Satapute (Manager of TJSB,
Kalwa Branch) and his staff for their moral support and guidance.

I would also like to express my sincere gratitude towards my project guide Mrs Anita Yakkali
whose guidance and care made the project successful.

I would like to thank my College Library, for having provided various reference books and
magazines related to my project.

Lastly, I would like to thank each and every person who directly or indirectly helped me in the
completion of the project especially my Parents and Peers who supported me throughout my
project.
 EXECUTIVE SUMMARY

This internship report consist of profile of the banking industry. Its origin the functioning how
the banks are classified on the based on function and the trends being follow in the industry.
Besides the above mentioned
this report is focused on core banking and to be more precise it discusses the inner details of the
bank situated in Kalwa, TJSB Bank is a Co-operative Bank, origin and its set up in Kalwa with
its headquarters inThane.

TJSB Bank was selected from all the co-operative banks across the country for the Technology
Bank of the Year award on behalf of the Indian Banks Association for 90 years.

The report further guides through the department and working of the general banking. The
activities taking place in the bank, the various products of banking are discussed in the report.
The report is a very good description of what TJSB bank and its significance.
 INDEX

CHAPTER 1. INTRODUCTION TO TJSB

CHAPTER 2. STATEMENT AND OBJECTIVES
CHAPTER 3. ROLE IN ORGANISATION
CHAPTER 4. CHALLENGES FACED
CHAPTER 5. CONCLUSION
 CHAPTER 1- INTRODUCTION

HISTORY :
Thane Janata Cooperative Bank (TJSB) is an Indian Multistate Co-operative
Bank. The bank was established on 5th February 1972 in the city of Thane by Mr Bhagwanrao
Patwardhan.
With this modest beginning in 1972 in the co-operative field, the dynamism infused by the Board
of Directors, unflinching loyalties of the clientele and devotion of the staff have propelled the
sound foundation of TJSB Sahakari Bank Ltd (TJSB) and has emerged as one of the leading
multi-state scheduled co-operative Banks in the country. It is also the first co-operative bank to
release its new logo in London during the International Film Festival MIFTA. This change will
have great impact in view of its expansion beyond Maharashtra.

During this momentous journey of 49 years, TJSB presently is catering to the needs of society
through a close network of 137 Branches spread all over the states of Maharashtra, Goa,
Karnataka, Gujarat, and Madhya Pradesh. TJSB also has a strong presence in Thane, Mumbai,
Navi Mumbai, Nashik, Pune, Satara,
Aurangabad, Kolhapur, Nagpur, Latur, Banglore, Ahmedabad, Surat, Panjim.

TJSB counts among the top five co-operative banks in the country. The Bank was selected from
all the co-operative banks across the country for the Technology Bank of the Year award on
behalf of the Indian Banks Association for 90 years.

Milestones achieved by the Bank over the years.

 49 years of Banking experience
 Opened its 1st Bank Branch in Thane
 50th Bank Branch Opened in Kalyan
 100th Bank Branch Opened in Dhokali, Thane.
 Multi State Scheduled bank.
 Permanent AD – 1 License to deal in Forex Exchange in India.
 First bank to go live with BBPS
 First co-operative bank to go live with UPI
 Award winning mobile application
 Award winning payment systems
 TJSB believes that “customer delight” is the ultimate goal and has a strong belief that
Customers & stakeholders wholehearted support, absolute faith and their patronage has largely
been responsible for its enviable growth. TJSB is committed to provide banking with speed
,comfort and convenience.

TJSB feel proud to acknowledge the growth of large number of successful industrialist traders
And professionals who have grown leaps and bound due to timely assistance and support of
the bank.

TJSB has set before a Visionary Growth Plan focusing all business strategies solely on creation
of Stakeholders value.

Why TJSB? :

TJSB is a young and dynamic bank, full of enthusiasm and determination to achieve the vision
of becoming the ‘Most Favoured’ brand in Banking Sector.

The strong foundation of the bank has been laid on the principle of strong business ethics which
have been seamlessly integrated in to every aspect of the Bank’s activities. The dynamism in the
approach, clientele’s unflinching loyalties and devotion of staff has made TJSB one of the top
five banks in the co-operative sector.

With TJSB’s distinctive culture, visionary growth plan, “customer delight” services and
continuous technology initiatives, the bank has become the most trusted and aims to be the most
preferred bank too.

We at TJSB are not only committed to hire the best people in the industry but offer them
opportunities that encourage individual and professional growth.

Be a part of the highly motivated team with an excellent career growth in one of the best
working culture.

Products :

 Saving Account :-
Open a Saving Account with TJSB Sahakari Bank which comes with an array of services &
facilities at no extra cost. Eligible person/s and eligible organizations or agencies as approved can
open a Saving Account with the Bank.
Saving Account can be opened with Rs. 1,000/-
  Saving Account for Students -
Facilitate the learning of money management in children with the Saving Bank Account
for Students. Inculcate the habit of saving from an early age.
Zero Balance saving account for students.
 Salary saving Account -
Zero Balance Salary Saving Account-minimum 10 accounts for employees of any
Organization/Institution/Companies.

 Current Account :-
Current Accounts can be opened by Proprietorship / Partnership Firms / Public or Private
companies requiring to do multiple or numerous business transactions. The customer can deposit or
withdraw the amount as many times required.
Current Account can be opened with minimum Rs. 2,000/-

 NR Accounts :-
 Non-residnet Indians (NRIs) :-

1. Non-resident Indians (NRIs) and Person of Indian Origin (PIOs) are permitted to open and
maintain these accounts with authorised dealers and with banks (including co-operative banks)
authorised by the Reserve Bank to maintain such accounts.
2. The account should be opened by the non-resident account holder himself and not by the
holder of the power of attorney in India.

Interest rates on NRE term deposits ( w.e.f. 17.09.2019 ) :

Individuals / Group of Individuals.Revised for

Particulars
deposit of all Categories w.e.f. 17.09.2019 (p.a.)

12 months 6.25 %

Above 12 months
up to 36 months 7.00 %

Above 36 months
up to 60 months 7.00 %

Above 60 months 7.00 %

 NRO Accounts :-

1. Any person resident outside India may open NRO account with an authorised
dealer or an authorised bank for the purpose of putting through bona fide
transactions in rupees not involving any violation of the provisions of the Act, rules
and regulations made there under.
2. The operations on the accounts should not result in the account holder making
available foreign exchange to any person resident in India against reimbursement
in rupees or in any other manner.
3. At the time of opening of the account, the account holder should furnish an
undertaking to the authorised dealer/authorised bank with whom the account is
maintained that in cases of debits to the account for the purpose of investment in
India and credits representing sale proceeds of investments, he will ensure that
such investments/disinvestments will be in accordance with the regulations made
by Reserve Bank in this regard.
4. INTEREST RATES ON DOMESTIC TERM DEPOSITS ( W.E.F. 16TH AUG, 2018)

Revised for deposit less than Rs. 15 Lacs

Particulars
General / Co-operative Societies / Banks / Senior Citizens
Trusts / NRO (p.a.) **(p.a.)

7 days to 14 days 5.50% 5.50%

15 days to 90 days 5.75% 5.75%

91 days to 180 days 6.00% 6.00%

181 days to 12 months 6.50% 6.50%

Above 12 months to 36
months 7.60% 8.10%

Above 36 months to 60
months 7.60% 8.10%

Above 60 months 7.40% 7.90%

** Interest rate applicable to senior citizen as per above table, will not be applicable for NRE/NRO
Category.

5.
6.
Sitemap
 Emerging & Inclusive Digital Payments Platform :

 Debit cards :-

 RTGS & NEFT

 IMPS – Mobile banking
 Internet Banking
 UPI
 BBPS

Financials as on 31.03.2019
16360+ crore business mix.
141 crore net profit.

Keeping in mind the current requirements of customers, the Bank has also brought in Life / Non-
Life Insurance distribution, Mutual Fund distribution, Depository services.
Armed with an illustrious past, a glorious present and a promising future, TJSB is fast marching
towards being the financial destination that provides trusted and quality solutions to all Individuals,
Business Class and Corporate sector needs.