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Finance Project on Analysis of Debit-Credit Cards of HDFC Bank 2017
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Finance Project on Analysis of Debit-Credit Cards of HDFC Bank 2017
THE improvement of plastic money is one of the latest Phenomenon’s within the banking zone. Plastic money is a charge card. It is an immediate charge against the restrict sectioned. IT is a debt tool issued by using some specialized businesses. It is one leap forward towards cashless and cheque less society. The operation is thru digital price range switch EFT installations and inter-bank community. Credit cards are key to the outlet of financial institution debts for daily bills through the cardboard holders. Credit card has been rightly referred to as “PLASTIC MONEY”. The goal is to offer comfort and safety. It gets rid of coins transactions, and protects from the risk of choose pocketing plenty of coins. There is typically interest free credit for 30 to 45 days.
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These plastic playing cards have the image identity and holders signature embossed on the card. It also has the issuing banks name and validity duration of the cardboard. The bank issuing the credit score card is aware of nicely the customer and his creditworthiness. Basically, the usage of credit playing cards allows the holder to take the benefit of the two essential elements of the economic offerings features:
1. Transmission of payments
2. The granting of credit.
Carrying Credit playing cards are modern ones inside the line of economic offerings supplied by means of commercial banks. The idea of credit score card was first developed by means of a BAVARIAN FARMER, FRANZ NESBITUM MC NAMARA, an American commercial enterprise man who discovered himself without cash at a weekend lodge based Dinners card in 1950. Right from that point, the economic banks and non banking organizations in USA developed the concept of credit card to broaden their commercial enterprise. BARCLAYS BANK become the primary bank to introduce credit card in 1966 in Britain. The credit card commercial enterprise were given momentum in 60’s and some of banks entered the sector in a massive manner.
WHAT IS A CREDIT CARD?
A credit card is a card or mechanism which allows to purchase goods, travel and dine in a lodge without making immediate bills. The holders can use the cards to credit from banks unto forty five days. The credit score card relieves the patron from the botheration coins and guarantees protection. It is a convenience of an extended credit without formality. Thus, credit score card is a passport to, SAFETY, CONVENIENCE, PRESTIGE AND CREDIT.
WHO CAN BE A CREDIT CARD HOLDER
The wellknown criterion carried out is a person spending capacity and no longer simply his earnings and his wealth. The other criterion is the worthiness of the consumer and his average monthly stability. Most of the banks have clean out the norms for giving the credit playing cards.
I. A man or woman who earns a salary of Rs. 60,000/_ in step with annum is eligible for a card.
II. A reference from a banker and the employers of the applicant is insisted upon.
III. He must have a financial savings contemporary account in the financial institution.
IV. His belongings and liabilities on a specific date are reported to bank.
V. A announcement of annual or month-to-month profits.
VI. He is considered credit score worthy upon to positive limit depending upon his profits, property and expenditure. The eligible consumer is requested to fill in utility form giving the info of account quantity , call , cope with , earnings , wealth fame and a proof of his income/wealth and many others.
PARTICULARS DISPLAYED ON THE CREDIT CARDS
Every credit card bears the subsequent particulars:
1. NAME OF THE CUSTOMER: Every card displays the call of client. It should be spelled effectively. In case, it does now not, the customer can contact the customer service cellular/helpline and get the essential correction carried out. This facility is furnished free of price by the bank.
2. Sixteen-DIGIT CARD NUMBER : A particular sixteen digit quantity is allocated to every customer/ cardholder.
3. VALIDITY DATE : The card mentions the length via which it’s far legitimate. The card is generally legitimate from the it’s miles obtained by using the consumer unto and inclusive of the final day of the month indicated on the cardboard. After the cardboard has to be renewed.
4. THE VISA HOLOGRAM AND THE VISA LOGO: The hologram and the brand ensure that every one the institutions through out the sector showing the visa emblem will receive the cardboard.
5. NAME OF THE ISSUING BANK: The card shows on the pinnacle the name of the issuing bank.
6. SIGNATURE PANEL: The returned of the cardboard consists of the signature panel. The customer ought to placed his signature on the signature panel to save you misuse by some other man or woman. This identifies the card holder. Signature at the panel would imply that card holder has given his consent to abide through the terms and conditions governing the use of the credit score card. The card is valid is handiest if signed.
7. MAGNETIC STRIP: The black magnetic strip contains important statistics in encoded from and needs unique dealing with. The card must no longer be stored in a place where there may be a continuous magnetic area. It have to no longer be left on the pinnacle the television. Set or near any electronic equipment. The card have to be stored faraway from heat and direct sun light.
8. PIN (PERSONAL IDENTIFICATION NUMBER): Each card holder is issued a password or pin to enable use of the cardboard for accessing his/her card account at the ATM and net and also for availing any privilege, advantage or service that can be provided through financial institution on the card. The pin is communicated to the cardholder absolutely at his/her risk who shall not divulge the pin to any person and shall take all possible care to keep away from its discovery with the aid of any man or woman. The card holder shall be chargeable for all transactions made with the usage of the pin whether with or without the knowledge of the cardholder.
TABLE OF CONTENTS
DECLARATION
ACKNOWLEDGEMENT
PREFACE
INTRODUCTION
LITERATURE REVIEW
RESEARCH METHODOLOGY
OBJECTIVE OF STUDY
SCOPE OF STUDY
METHODS OF DATA COLLECTION
TOOLS AND TECHNIQUES OF ANALYSIS
LIMITATIONS
ANALYSES OF DATA FINDINGS
CONCLUSIONS
SUGGESTIONS
LIMITATIONS
BIBLIOGRAPHIES
Project Description :
Category : MBA Project Report
Title : Project Report on Debit &Amp; Credit Cards Future Prospects with Special Reference To H.D.F.C. Bank. We Also Make This Project With Any Bank Like Sbi [State Bank Of India], Pnb [Punjab National Bank], ICICI, UCO Bank and so forth.
Pages : 105
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