1 | P a g e

Section A


Name of Industry :- PUSAD URBAN CO-OPRATIVE BANK
Address of Company :- Head office
Talao Lay-Out,Pusad
Main Branch PusadPusad-442004
Nature of ownership :- Co- Operative Bank
Information about the Group :- Chairman SharadMaind&
CEO : Rajesh Bajaj
Year of establishment :- Company- 2May 1985.
Annual Turnover of company :-

Crore.
Number of employees :- 250 Main Branch
Major customers :- a) Little flower English medium school
b) Student c) Salary person
d) Businessman e) Bajaj Ajancies
Competitors :- Bhari Maind Bank, VijayaLaxmi Bank, HDFC
Bank, ICICI Bank, The Malkapur Urban Bank.
2 | P a g e


Introduction of Pusad Urban Bank, Pusad

The Pusad Urban Co- operative Bank Ltd. Pusad. Was started in 2"
d
May 1985
with Register No. and date -YML/PSD/BNK/0/143784-85 and date and license No.
087 10 7 1985 - UBD MH 439 P. This bank was founded by, Adv.
Mr.ApparaoMaind. He is founder and first chairman of this Bank. While
establishment 211 members are also contributed the paid up share capita] 43800 with
share of Rupees. 1007- cash& authorized share capita! Rupees 5000007-The Bank
acquires their own building for persuading daily transactions. In co-operative Banks
election of the Board of Director elected by every five years. Elected members means
Directors elect chairman & vice chairman.The bank consists 19 directors. The Bank
working under the leadership of shri. Sharad Maind. Sharad Maind is the chairman of
the Pusad Urban co-opp.Bank Ltd,Pusad.
Pusad urban bank is one of the leading and best performing bank in co-opp
banking sector. Bank is working with total 25 branches and Head office in
Pusad,others are Vashi (New Mumbai), Kothrud (Pune), Panvel(Mumbai),Nagpur,
Aurangabad, Amravati, Nanded, Chandrapur, Vasmat, Yavatmal, Umarkhed, Digras,
Ner, Aarni,Vani, Ghatanji, Pandharkavda, Patanbori, Dhanki, Ralegoan, Motinager
(pusad), Mahagoan.The bank branches are catering of all types of banking services
around the week and even Sunday with modern infrastructure facilities and amenities
to the customer such as adequate well furnishes air conditioner premises. The bank
have certificate ISO 9001-2008.
The bank branches are catering all types of banking services, round the week, i.e.
morning, evening, and even on Sunday, with modern infrastructure facilities, and
amenities to the customers such as:
3 | P a g e

Adequate and well furnished, and air-conditioned, premises.
All branches are fully computerized from the day one, and have been interred
connected through interconnectivity.
SMS mobile banking services are available to its customers, free of cost, on
account of which a customer can get the balance in his saving / current
account, and also get last five transactions on his mobile instantly.
Bank has well experienced and trained managerial & qualified employees, to
provide prompt and satisfactory services to the customers.
Bank has provided ATM facilities, to all Branches.
Bank is rated as A grade in audits / Inspections.
On account of its best performance, the Bank has been awarded Best Urban
Co-op Bank awards, and honored with Sahakar Mahashree VasantdadaPatil
Puraskar successively for three years by Maharashtra State Co-op Banks
Association, Mumbai and Vidarbha Co-op Banks Association, Nagpur award
in the year of 2009. The Bank has also been awarded by Banking Frontiers, for
innovation in Decision Support and Excellence in Marketing.

4 | P a g e

What Is Co-Operative Banking?

Co-Operative banking is banking organized on a co-operative basis. By Co-
operative organization,
We mean
Voluntary concern, with equitable participation and control among all concern in any
enterprise.
Prof. Paul Lambert has defined a Co-operative society as an enterprise formed and
directed by an association of users, applying within itself the rules of democracy and
directly intended to serve both its own members and the community as a whole.
Feature of Co-Operative Banking:

1. A Co-operative organization is an enterprise aiming at a certain business.

2. As an association of users, Co-operative banking is organized by those who
themselves require credit.

3. It works according to the rules of democracy. In other words, it works through
boards of directors. The directors are elected on the basis of one vote per
member, irrespective of the number of share purchased by him.

4. It is intended to serve both
a. Its own members,
b. The community as a whole.

5. Every co-operative bank works for a given objectives like:-
a. Serving the needs of commerce or agriculture.
b. Proletariat, etc



5 | P a g e

PRINCIPLES OF CO-OPERATION:

A) Voluntary & Open Membership:
Co-operative is voluntary organization to all persons able to use their service & willing to
accept & responsibilities of membership without gender social racial political or religion
discrimination.

B) Democratic Member Control:
Co-operative is democratic organization controlled by their members who actively
participate in setting their policies and making decision. FOR THE MEMBER, OF THE
MEMBER, TO THE MEMBER IS THE PRIMARY PRINCIPAL.

C) Autonomy & Independence:
Co-operative is autonomous, self help organization controlled by their members. They
enter into agreement with other organizations including government or raise capital
from State or Central governments participation in share capital.

D) Education Training & Publicity of Information:
Co-operative provides education and training for their directors managers and
employees so that they can contribute effectively to the development of their co-
operative. They inform general public particularly young people and opine, leaders
about the nature and benefits of co-operative.

E) Co-operation Among Co-operative:
Co-operative serves their members most effectively and strengthens the co-operative
movement by working together through local national regional and inters national
structure.

6 | P a g e

Objectives:
Goals & Objectives of the bank is as under:
Area of operation being entire state, of Maharashtra, we propose to open
branches, in other districts in the, in near future.
Bank has opened ATMs.
To achieve planned growth in principal parameters viz. Deposits, Credit,
Profit and to bring down the NPA to Zero %.
To work with complaint free atmosphere, improve loyalty, confidence and
ultimate satisfaction of share holders, depositors, customers and thus getting
excellent rating from the customers.
To develop human resources and to ensure their optimal utilization by
improving productivity for efficient customer service.
To provide the core Banking facility to customers and give access to them
through ATMs of other banks throughout India.
To bring continuous improvement in the system and strive for up-gradation of
technology for operational efficiency.

Quality Policy of the Bank is as under:
Pusad Urban Co-op Bank Ltd, will strive for organizational excellence and
endeavor to provide highest degree of satisfaction to its customers through
services, technology and resources within the framework of co-operative
principles and statutory guidelines.
ATM card : Bank has launched a unique ATM card for its staff account
holder and other state holder.




7 | P a g e

ORGANIZATION CHART.












Chairman

Account
Manager
Cash
Manager

Operation
Manager

Passing
Officer

Vice-
Chairman


Director

8 | P a g e

BOARD OF DIRECTORS 2012-2013
Sr. Name of the Director Post
1 Mr. SharadMaind Chairman
2 Mr. RakeshKhurana Vice Chairman
3 Mr. Adv. ApparaoMaind Director
4 Mr. KrantiKamarkar Director
5 Mr. K.Y. Mirza Director
6 Mr. Deepak Jadhav Director
7 Mr. Dr. Manish Atal Director
8 Mr. NiranjanMankar Director
9 Mr. ChandrashekharJaiswal Director
10 Mr. ShivshankarChopade Director
11 Mr. AvinashAgrawal Director
12 Mr. NilkanthPatil Director
13 Mr. SudhirDeshmukh Director
14 Mr. Sudip Jain Director
15 Mrs. VandanaSharadPatil Director
16 Mrs. SunitaarunThakare Director
17 Mr. BhaiyalalTak Director
18 Mr. UlhasPawar Director
19 Mr. Sanjay Deshmukh Director
20 Mr. Rajesh Bajaj Chief Ex.Officer
21 Mr. P.B. Kadam Manager, Pusad Branch



9 | P a g e

PRODUCT PROFILE

1) Proactive Deposit (Auto Renewal):

The Deposit that renews itself everyone & half month.Uncertain of your deposit
period? No problem with proactive deposit, your deposits renewed automatically
every46 days or, you can withdraw the amount, inclusive of interest for all 46 days.

2) Monthly Growth Deposit (Recurring Deposit):

A small deposit every month gets you high annual returns. All you need to do is
deposit a monthly amount of Rs 5.0/- (or more in multiples of Rs 50/-) for a period of
your choice and you will earn a high return on the amount at the end of the deposit
period.

3) N-Cash Deposit (Overdraft Facility):
Get a loan against your deposit. When you open as fix account with bank, you are
automatically entitled to get a loan against your deposit. Banks offer you an over draft
facility of 95% of your deposit. While the original amount continues to earn the same
Interest

4) Cumulative deposit:
Earn interest as high as a Fixed deposit. The cumulative is very highly demanded
deposit from customer. The customer firstly selected a particular period e.g. 1 year &
above period require & customer can get the compound interest.


10 | P a g e

NTEREST RATES
Fixed Deposit Interest Rates

INTEREST RATES of The Pusad Urban Co-Operative Bank
Interest rates * (per cent per annum) w.e.f 01-07-09 Single Deposits of
Maturity period General Patasantha Senior Citizens
30-90 days 5% 6% 5.5%
91days-iSOdays 6%. 7% 6.5%
"I81days-l 3 months 8.5% 9.5% 9%
1 3months-2year 9% 10% 9.5%
Above 2year 8.5% 9.5% 9%

11 | P a g e

Services:
Banking Services
Bank is providing various types of services to the customer such as:
Collection of local / outstation of cheques / Bills
Issuance of Demand drafts/pay-orders
Remittance facilities like RTGS / NEFT / ECS
Locker facility
SMS, mobile banking services
ATM services at selected branches


List of Department


A/c opening

Saving A/c , current A/c

Deposit Department

Cash Department

Cash deposit, cash withdrawal

Loan Department

Locker Department









12 | P a g e


DEPOSTS SCHEMES OF THE PUSAD URBAN CO-OPERATIVE BANK

DEPOSITS:

Types of Deposits:-
Deposits are one of the basic resources for the bank. To attract deposits, the bank has
created a host of innovative banking solution to suit different needs of depositors. The
bank deposits schemes can be broadly classified under two. headsviz; Demand
Deposits and Time Deposits.

1. Demand Deposit by their very definition is deposits payable on demand.
Presently the bank offers the fall scheme as a part of its demand deposits
portfolio. .
E.g.: Current A/C, Saving A/C


2. Time deposits are deposits that are repayable after determined time periods
ranging from 7 days to 10 years. Currently the bank offers the fall schemes under its
time deposit portfolio.
E.g.: Term Deposits/ Cumulative Deposits (Reinvestment) Extra saver Deposit
(liquid)/ N-cash Deposit (Over draft limit) proactive Deposits (Auto-Roll over) /
monthly growth ((Recurring) deposits / certificate of
deposits.

13 | P a g e

1. DEMAND DEPOSITS
Current Account:
Introduction
Current Account deposits are deposits repayable on demand; hence,
these are classified as demand deposits. The deposits are generally kept in a current
account with the bank to meet the business needs of the depositor and to facilitate
high volume of business transactions no interests is paid on current account. ,

Who cannot open a Current Account?
A minor, an illiterate person, pardanashin and a blind person should not be
allowed to open a current account with the bank as a matter of policy.
Deposits:
Customer desirous of opening a current account must bring an initial deposit
of Rs. 2000/- and thereafter, must maintain a minimum average actually
balance of Rs. 2000/- at all times.
Withdrawals:
With drawls should be allowed by cheque there should be no restrictions on
the number of with drawls on current account.
Cheque books should be issued to account holders on levy of prescribed
service charge. Ordinarily loose cheque should not be issued. However,
emergencies, if a loose cheque is issued prescribed service charge should
berecovered.

14 | P a g e

2) TIME DEPOSI1T

Introduction
Deposit unplayable after a fixed person is called Time deposit
minimum period for acceptance of a time deposit is:

Deposits can be accepted from customer may be individuals (singly/
jointly), Minors, firms, companies, Trust, societies, clubs, P.F. Hindi undivided
families (HUF) etc.

Who cannot open a time deposit account?

As a regular requirement, the branches cannot:

A. Accept interest - free deposits other than in currency account or
paycompensation indirectly.
B. Accept deposit from / at the instance of private financiers or giving of an
authority by power of attorney, nomination or otherwise for such clients
receiving such deposits or maturity.

Types of Time Deposits:

a) Term Deposits.

(Interest payable at monthly, quarterly, half-yearly, yearly intervals).

b) Cumulative Deposits,

(Compound interest payable on maturity),

e.g. -Nirantarthev.

c) Extra Saver Deposits

(Deposits domed to be in multiples of Rs. 100/-).

15 | P a g e

d) N- Cash Deposits

(Term Deposits or Reinvestment Deposits with overdraft facility)

e) Pro - active Deposits.

(Term deposit or cumulative deposit with auto renewal after prescribed
period).

e.g. -Amnolthev.

f) Monthly Growth Deposits.

(Amount deposited in monthly installment).

g) Certificate of Deposit

Common Guidelines/ Features for all types of Time Deposits.

h) Income certificate

1. Monthly Income Certificate - (interest payable at month to month).
2. Quarterly Income Certificate -(interest payable at 3month).
e.g. -Current & Saving.
3. Yearly Income Certificate - (interest payable at year to year).
e.g. -AbhinavThev.,

Interest and T.D.S. on Fixed Deposit.

1) Interest should be paid on time deposits at the contracted rates applicable at
the time of deposits, except in the case of flexible rate deposits.

2) Annual Interest payments accepted to exceed Rs. 10,0007- on all time deposits
held in the same name(s) at each branch will be subject to tax deduction at
sources as per the present Income Tax Rules. T.D.S. is not applicable to the
monthly growth deposits. (Recurring) and certificate of deposits. A reference
should be made to current Income Tax Rules in April each year.


16 | P a g e

SECTION B
1) Name of department head :Mr. P.M. Wanzal.
2) Name of Superviosr: Mr. P.B. Kadam (Branch Manager).
3) Function And Operations Performed by Bank :-

A/c opening Department

Saving A/c:

A deposit account held at a bank that provides principal security and a modest interest
rate (4 %). Depending on the specific type of savings account, the account holder may
not be able to write checks from the account (without incurring extra fees or
expenses) and the account is likely to have a limited number of free
transfers/transactions.

Current A/c:
Current bank account is opened by businessmen who have a higher number of regular
transactions with the bank. It includes deposits, withdrawals, and contra transactions.
It is also known as Demand Deposit Account. It is a non-interest bearing bank
account.

Loan Department

In finance, a loan is a debt evidenced by a note which specifies, among other things,
the principal amount, interest rate, and date of repayment. A loan entails the
reallocation of the subject asset(s) for a period of time, between the lender and the
borrower. in this bank various loans facilities i.e.

Housing / Home Loan:
Home / Housing Loan is sanctioned by the Bank for the following purposes: 1.For
construction of house on developed Plot. 2. For purchase of ready of built up house /
flat. 3. For repairs / renovation of house / flat.
17 | P a g e

Rate of Interest for this loan: As per Banks Loan policy from time to time. At
present it is 13.50% p.a. at reducing rate at monthly rests.
Vehicle Loan :
Vehicle loan is considered for purchase of:
Two Wheeler
Four Wheeler
Purchase of Car
Three Wheeler / Five Wheeler / Tempo
Commercial Vehicles Like Truck ,JCB etc

Consumer Loan : The loan is given to the employees. The instrument of loan
is deducted, directly from his / her salary every month. The repayment is
guaranteed by the employer.

Personal Loan :A loan that establishes consumer credit that is granted for
personal use; usually unsecured and based on the borrower's integrity...















18 | P a g e


6. Functions &Operations performed during SIP


To open new savings accounts by convincing customers and to
promote the benefits of those which are provided by the bank.
To open R.D. & deposit by convincing customer to service provided by the
bank.
Get hands on experience of the transaction performed by the bank.
Assists to increase the business of the bank.











19 | P a g e

SECTION C

Experience about SIP

A summer internship programmed was proven to be a golden opportunity for me for
learning practical experience and further career development. My SIP was done in
Pusad Urban Co-opp Bank Ltd, Pusad. I have gained a lot of practiced experience in
45 days. It was really good choice and I am feeling happy that I got the chance in
Pusad Urban Co-opp Bank Ltd, Pusad as an intern.
I got aware about many things during the SIP like A/c opening procedures, Loan and
deposits etc and the information about KYC document & also learned the procedure
of clearing. I got hands on experience regarding Bond maturity, renewal of bonds,
and procedure of Gold loans. I got knowledge of documentation procedures of all
above said procedures through banking software system.
Through Marketing of products, I met various customer for selling bank products and
services like bank account, recurring deposit and other multi investment schemes like
Dam Duppat Yojana, Samruddhi Thev Yojana, Kannyaratna Deposit etc.
While interacting with customer I got knowledge of customer handling and ways of
convincing them. I also acquire some skill during the SIP like time management,
customer service, communication, marketing skills etc.
I had a great time during my one and half month internship in Pusad Urban Co-op
Bank Ltd, Pusad.






20 | P a g e




Reference

Web site: - www.pusadurbanbank.com
Personal Interview with_
P.B. Kadam Sir Branch manager of PUCB