SUMMER PROJECT REPORT

“THE DETAIL STUDY OF DEPOSITS AND LOANS OF THE TANAMY

URBAN CO-OPERATIVE SOCIETY, NAGPUR”

Submitted to:

Rashtrasant Tukadoji Maharaj Nagpur University, Nagpur

Submitted by:
Ms. Pallavi Tandekar

Company Guide:
Mr. Satish Potwar

Faculty Guide:
Dr. Geeta Naidu

Department of Management Sciences and Research,

G.S. College of Commerce & Economics, Nagpur
NAAC Accredited “A” Grade Institution

Academic Year 2019-20

 CERTIFICATE
This is to certify that the investigation described in this report titled “The

Detail Study of Deposits of The Tanmay Urban Credit Co-operative

Society, Nagpur” has been carried out by Ms. Pallavi Tandekar during

the summer internship project. The study was done in the organisation,

The Tanmay Urban Credit Co-operative Society, in partial fulfillment of

the requirement for the degree of Master of Business Administration of R. T.

M. Nagpur University, Nagpur.

This work is the own work of the candidate, complete in all respects and is

of sufficiently high standard to warrant its submission to the said degree.

The assistance and resources used for this work are duly acknowledged.

Dr. Ashwini Purohit

(Director)
 ACKNOWLEDGEMENT

It is a matter of pride and privilege for me to have done a summer

internship project in “The Tanmay Urban Credit Co-operative Society”
and I am sincerely thankful to them for providing this opportunity to me.

I am thankful to “Mr. Satish Potwar” for guiding me through this project

and continuously encouraging me. It would not have been possible to
complete this project without his / her support.

I am also thankful to all the faculty members of Department of Management

Sciences and Research, G S College of Commerce and Economics,
Nagpur and particularly my mentor “Dr. Geeta Naidu” for helping me
during the project.

Finally, I am grateful to my family and friends for their unending support.

Ms. Pallavi Tandekar

(Name and Signature of the Student)
 INDEX

Sr. No Particulars Page No.

1. Introduction 7

2. Bank Profile 9

3. Objective of the study 11

4. Research Methodology 12

5. Data Collection 13

6. Types of Deposits 14

7. Work during SIP 20

8. Urban Society Vision 21

9. Urban Society Mission 22

10. Scope Of Society 23

11. Limitations 24

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12. Suggestions

13. Conclusion 26
IntroductIon

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 IntroductIon
As a part of the internship program of MBA course requirement. I was

assigned to do my internship in The Tanmay Urban Credit Co-operative

Society, Nagpur Limited for a period of one month The Tanmay Urban

Credit Co-operative Society Ltd. is one of the Co-Operative bank, with

years experience. Adaptation of Morden technology both in Terms of

equipment and banking practices ensure efficient service to client. The

Tanmay Urban Credit Co-operative Society. is providing its best services

both client urban and villages Peoples.

This report “A Study of Deposits And Loans of The Tanmay

Urban Credit Co-operative Society.” has been prepared to fulfil the

partial requirement of MBA program as a mean of internship program.

While preparing this report, I had a great opportunity to have an in depth

knowing of banking activities of a The Tanmay Urban Credit Co-

operative Society. As I worked as an intern there.

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Bank ProfIle

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The Tanmay Urban Credit Co-operative Society, was establish on 2012

The main branch of Tirupati Urban Co-operative bank Ltd. A Primary

Urban Co-Operative Bank, Registered Under Co-operative Societies Act

1960 And A Licensed Bank by RBI was Established On 4th April 1986 at

Nagpur is a leading co-operative sector bank in Vidarbha region having

a network of 25 branches across 5 districts in the region. All the

Branches of the Bank have been covered in network of Core Banking

Solution (CBS).

Bank is providing the following advance services to its customers:

Core Banking Facility.

“RuPay” ATM with Connectivity to National financial Switch

RTGS

NEFT

The Society has its own Data Carter at Head Office Nagpur,

Maharashtra.

The Society is having Network Architecture with its branches connected

to Data Certer through BNSL & Reliance links.

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 To identify the reason for change the profitability of the
bank .

 To study financial position of the bank.

 To study the various loan of the bank.

 Analysis of financial statement of the bank.

 To fulfil the requirement of the internship.

 To know the progress of the firm.

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The data will be collected using both by primary data collection method

as well as secondary sources

• Primary data :-

 The methodology adopted during the preparation of this project

report is both through the branch manger are staff of the bank.

 The discussion mainly is mainly carried out with the branch

manager of the concerned bank.

• Secondary data :-

 Annual reports

 Bank record/books

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 data collectIon

Deposit :-

Money creation through demand deposit by using interest rate to

create their own profit, bank are also creating money to increasing the supply money

in the economy. Bank deposit are a common occurrence in which customer deposit

fund into their account. The bank must provide cash to the customer whenever fund

are withdrawn. Bank deposit it consist of money placed into banking institution for

safekeeping.

There are several different type of deposits including saving deposit, current

deposit, recurring deposit, fixed deposit, daily deposit .

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 TYPES OF DEPOSIT

 Saving deposit

 Current deposit

 Recurring deposit

 Fixed deposit

 Daily deposit

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  SAVING DEPOSIT :-

A saving account is the basic type of bank account allows

you to deposit money, keep it safe and withdrawal funds, all while earning interest. A

Saving account is an account provide by bank for individual to save money and earn

interest. The main objective of saving account is to promotes savings. The money

can withdrawn by cheque or withdrawal voucher. Saving deposit rate of interest is a

3.75%. Minimum balance in account is a 200 and cheque book issue that time 1000

minimum balance are required.

DOCUMENTS:- 1.Aadhar card

2. Pan card

3. 2 photos

4. Guarantor

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 CURRENT DEPOSIT :-

A current account generally opened by

businessmen. The main objective of current account enable to the

businessmen to conduct their business transaction are smoothly.

Generally bank not pay interest on current account. The business can

make direct payment to their creditor with the help of cheque. Open the

current account that time 5000/- minimum balance are required.

OPENING CURRENT ACCOUNT DOCUMENTS :-

1. Aadhar Card

2. PAN Card

3. Rubber Stamp

4. Shop Lenience

5. Firm TAN Card

6. Electric Bill

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 FIXED DEPOSIT :-

A fixed deposit means one time money invest in a long

time. A high interest rate is paid on fixed deposit. The rate of interest may very as

per amount , period and as per bank rules. Withdrawal are not allowed but in case,

of emergency bank, allowed to close the fixed amount before to the maturity date

(Pre-mature Account). In such case, the bank deduct 1%. And from the interest paid

as an that date. The depositor is given a fixed deposit receipt. Which depositor as to

produce at that time of maturity. The deposit can be reneu for a future period. The

depositor can get loan facility from the bank.

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 RECURRING DEPOSIT :-

A Recurring Deposit it is similar to making fixed deposit of a certain

amount in monthly installment. A recurring deposit is a special kind of term deposit

offered by bank in India which help people with regular incomes to deposit a fixed

amount very month into their recurring deposit and earn interest at the rate

applicable to fixed deposit.

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 DAILY DEPOSIT:-

Money can deposited into an account on daily basis. The

amount may be as small as rupees 10. it can be called as recurring deposit scheme,

as the money is deposited almost daily. The unique characteristics of this scheme

are that a bank agent collect the money daily, from the account holder’s doorsteps.

the scheme was introduce to help daily wage earns, small traders, farmers to

inculcate a saving habit and also as a means to fund their bigger capital

requirements, such as a wedding ,home buying, vehicle purchase etc.

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WORK DURING THE SIP

 Introduce to banking culture

 Interaction with customers

 Learn about regular operation

 Got to know the different types of deposits

 Different between theoretical knowledge and Practical knowledge

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 Urban society Vission:-

 To achieve holistic in term of cost, quality and customer satisfaction in a

systematic and planned manner.

 To promote and developed of domestic financial market.

 Managing deposit insurance scheme.

 Regulation and supervision of bank and non-bank financial institutes.

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 Urban society Mission:-

 To achieve total integration in operations with total satisfaction of customer

slandered with used of latest technology and to be perceived as the

“preferred” choice of our customers.

 To build a team of motivated and dedicated work force with high work ethos.

 To strive to emerge as an ideal corporate citizen.

 To give the beneficial services to the customer.

 To give the satisfaction to the customer.

 To fulfill the need of the villages people.

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 SCOPE OF THE REPORT

In order to maintain the speed of development now bank must complete in the

market place both with local institution as well as ones. The presentation of the

organizational structure and policy of The Tanmay Urban Co-Operative society

Limited and investigation the strategies applied by them provide the scope of this

report is limited to the overall description of the bank their services, their operation.

The scope of the study is limited to organizational

Setup function and performance.

1. Recent performance of The Tanmay Urban Co-Operative society Limited in

terms of deposit, investment.

2. To analyse the banks current financial flows performed by The Tanmay

Urban Co-Operative society

3. To obtain practical experience about banking activities by involving such type

of program

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 Limitations-

 Limited work area

 Inefficiency of management

 Difficulty in returning the loans

 Insufficient use of deposits

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 SUGESSION

 Settlements of procedures should be more strict and faster

 Innovative technology should be adopted

 Proper training should be given to the staff

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 CONCLUSION

 From the above analysis an Urban Co-operative Bank Ltd. The Tanmay co-

operative society is the most hardworking Bank that is dedicated in serving

there valued customers with Excellence.

 As a intern in Urban Co-operative Bank Ltd. The Tanmay co-operative

society had learnt a lot about their Banks activities and operations and also

analyses financial situation of the Bank and also How communicated and

deals with the customers..

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