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    All Project Report

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    srin
    This document provides information about debit and credit cards, including: - Debit and credit cards allow cardholders to make purchases without cash and provide convenience and security. - Credit cards offer an interest-free credit period, usually 30-45 days, allowing purchases to be paid back over time. - Credit cards display the cardholder's name, photo identity, signature, issuing bank, card number, validity period and other details.

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    © All Rights Reserved
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    All Project Report

    Uploaded by

    srin
    348 views8 pages
    This document provides information about debit and credit cards, including: - Debit and credit cards allow cardholders to make purchases without cash and provide convenience and security. - Credit cards offer an interest-free credit period, usually 30-45 days, allowing purchases to be paid back over time. - Credit cards display the cardholder's name, photo identity, signature, issuing bank, card number, validity period and other details.

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    This document provides information about debit and credit cards, including: - Debit and credit cards allow cardholders to make purchases without cash and provide convenience and security. - Credit cards offer an interest-free credit period, usually 30-45 days, allowing purchases to be paid back over time. - Credit cards display the cardholder's name, photo identity, signature, issuing bank, card number, validity period and other details.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    348 views8 pages

    All Project Report

    Uploaded by

    srin
    This document provides information about debit and credit cards, including: - Debit and credit cards allow cardholders to make purchases without cash and provide convenience and security. - Credit cards offer an interest-free credit period, usually 30-45 days, allowing purchases to be paid back over time. - Credit cards display the cardholder's name, photo identity, signature, issuing bank, card number, validity period and other details.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 8

    All project report.

    com

    Project Report on Debit and Credit Cards

    THE development of plastic money is Project

    Report

    on

    Banking

    Sector

    one of the recent Phenomenon's in the Convergence to Housing Finance


    banking sector. Plastic money is a
    charge card. It is a direct charge Project Report on Banking Services in
    against the limit sectioned. IT is a Retail
    debt instrument issued by some
    specialized companies. It is one step
    forward

    towards

    cashless

    and

    chequeless society. The operation is


    through

    electronic

    funds

    transfer

    {EFT} installations and inter-bank


    network. Credit cards are key to the
    opening of bank accounts for daily
    payments by the card holders. Credit
    card

    has

    been

    rightly

    called

    "PLASTIC MONEY". The objective


    is

    to

    security.

    provide
    It

    convenience
    eliminates

    and
    cash

    transactions, and protects from the


    danger of pick pocketing a lot of cash.
    There is usually interest free credit for

    30 to 45 days.

    These plastic cards have the photo identity and holders signature
    embossed on the card. It also has the issuing banks name and
    validity period of the card. The bank issuing the credit card knows
    well the customer and his creditworthiness. Basically, the use of
    credit cards helps the holder to take the advantage of the two
    essential aspects of the financial services functions:
    1. Transmission of payments

    2. The granting of credit.


    Carrying Credit cards are innovative ones in the line of financial
    services offered by commercial banks. The idea of credit card was
    first developed by aBAVARIAN FARMER, FRANZ NESBITUM MC
    NAMARA, an American business man who found himself without cash at
    a weekend resort founded Dinners card in 1950. Right from that time,
    the commercial banks and non banking companies in USA developed
    the idea of credit card to develop their business. BARCLAYS BANK was
    the first bank to introduce credit card in 1966 in Britain. The credit card
    business got momentum in 60s and a number of banks entered the field
    in a big way.
    WHAT IS A CREDIT CARD?
    A credit card is a card or mechanism which enables to purchase
    goods, travel and dine in a hotel without making immediate
    payments. The holders can use the cards to credit from banks unto
    45 days. The credit card relieves the consumer from the

    botheration cash and ensures safety. It is a convenience of an


    extended credit without formality. Thus, credit card is a passport
    to, SAFETY, CONVENIENCE, PRESTIGE AND CREDIT.

    WHO CAN BE A CREDIT CARD HOLDER


    The general criterion applied is a person spending capacity and not
    merely his income and his wealth. The other criterion is the worthiness of
    the client and his average monthly balance. Most of the banks have
    clear out the norms for giving the credit cards.
    I. A person who earns a salary of Rs. 60,000/_ per annum is eligible for a
    card.
    II. A reference from a banker and the employers of the applicant is
    insisted upon.
    III. He should have a savings current account in the bank.
    IV. His assets and liabilities on a particular date are reported to bank.
    V. A statement of annual or monthly income.
    VI. He is considered credit worthy upon to certain limit depending upon
    his income, assets and expenditure. The eligible customer is asked
    to fill in application form giving the details of account number ,
    name , address , income , wealth status and a proof of his
    income/wealth etc.

    PARTICULARS DISPLAYED ON THE CREDIT CARDS


    Every credit card bears the following particulars:
    1. NAME OF THE CUSTOMER: Every card displays the name of
    customer. It should be spelled correctly. In case, it does not, the

    customer can contact the customer service cell/helpline and get


    the necessary correction done. This facility is provided free of cost
    by the bank.
    2. 16-DIGIT CARD NUMBER : A unique 16 digit number is allotted to
    every customer/ cardholder.
    3. VALIDITY DATE : The card mentions the period through which it is
    valid. The card is usually valid from the it is received by the
    customer unto and including the last day of the month indicated on
    the card. After the card has to be renewed.
    4. THE VISA HOLOGRAM AND THE VISA LOGO: The hologram and
    the logo ensure that all the establishments through out the world
    displaying the visa logo will accept the card.
    5. NAME OF THE ISSUING BANK: The card indicates on the top the
    name of the issuing bank.
    6. SIGNATURE PANEL: The back of the card contains the signature
    panel. The customer must put his signature on the signature panel
    to prevent misuse by any other person. This identifies the card
    holder. Signature on the panel would imply that card holder has
    given his consent to abide by the terms and conditions governing
    the use of the credit card. The card is valid is only if signed.
    7. MAGNETIC STRIP: The black magnetic strip contains important
    information in encoded from and needs special handling. The card
    should not be kept in an area where there is a continuous
    magnetic field. It should not be left on the top the television. Set or
    near any electronic appliance. The card should be kept away 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 card for accessing

    his/her card account on the ATM and internet and also for availing
    any privilege, benefit or service that may be offered by bank on the
    card. The pin is communicated to the cardholder entirely at his/her
    risk who shall not disclose the pin to any person and shall take all
    possible care to avoid its discovery by any person. The card holder
    shall be liable for all transactions made with the use 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 etc.
    Pages : 105
    This project is our paid category, its cost is Rs. 2499/- only without
    Synopsis and Rs. 2999/- only with synopsis. If you need this project, mail
    us at this id :[email protected] or phone/sms at +918398957646
    We will send you a hardcopy with hard binding and a softcopy in CD
    from courier.

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