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ACKNOWLEDGEMENT

I whole heartedly acknowledge the help and support that I have received from

-------------------------, all my faculty who guided me and motivated me during the course

of internship.

I would also like to thank my industry guide Mr. RAHUL SAXENA under whose able

guidance I successfully completed my internship. I also want to give my special thanks

to Mr. -------------------------, branch manager of Axis Bank Limited. His valuable

suggestions have always been an eye-opener for me in my endeavour.

At last but not the least, I would also like to thank all my family members, my dear

friends who constantly kept on motivating me by giving me valuable suggestions.

THANK YOU

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INTRODUCTION

The Axis Bank's Registered Office is atAhmedabad

and its Central Office is located at Mumbai. The

Bank has a very wide network of more than 838

branches and extension counters, as on 31 March

2009. It has branches in China, Hong Kong,

Singapore and UAE. The bank is headquartered at

Mumbai in India. Axis Bank has operations in 29

States and 3 Union Territories in India.

Extension Counters (as on 31st May

2009). The Bank has a network of over 3674 ATMs

(as on 31st May 2009) providing 24 hrs a day banking

convenience to its Customers.Axis Bank is the third

largest ATM network provider in India.

The Bank has strengths in both retail

and corporate banking and is committed to adopting

the best industry practices internationally in order to

achieveexcellence.

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HISTORY

Axis Bank was the first of the new private banks to

have begun operations in 1994, after the

Government of India allowed new private banks to be

established. The Bank was promoted jointly by theAdministrator of the specified undertaking of the Unit

Trust of India (UTI - I), Life Insurance Corporation of

India (LIC) and General Insurance Corporation of

India (GIC) and other four PSU insurance companies,

i.e. National Insurance Company Ltd., The New India

Assurance Company Ltd., The Oriental Insurance

Company Ltd. and United India Insurance CompanyLtd.

The Bank today is capitalized to

the extent of Rs. 359.44 crores with the public

holding (other than promoters) at 57.74%.

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ITS PRODUCTLINE

Axis Bank Limited (Axis Bank) offers a

broad range of retail & corporate banking productsand services in India. The bank was earlier known as

UTI Bank Limited.

The company offers several products including

accounts, deposits, cards, Credits, advisory services,

treasury, mutual funds, cash management,

international banking and transaction services. The

bank has a network of 3595 ATM machinesAxis bank offers banking and financial services in

India. The companys services and Brands include

the following:

Services:

1. Personal Banking

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2. Corporate Banking

3. NRI services

4. Priority Banking

ACCOUNTS

Prime Saving Account:

Axis Bank has always strived to pace their

products with the growing needs of the customers.

The Prime Saving account has therefore been

created with the customers specific financial

requirements in mind.

To simplify daily banking, Axis bank Prime

Saving account comes with an international photo-

signature Debit Card. This unique card comes with

withdrawal limit of Rs. 40,000 per day,

facilitating transfer of funds, deposits of

cash/cheques and payment of insurance premium

(LIC).

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Senior Privilege Account:

- Because life begins at sixty:

Axis Bank's Senior Citizen Saving Account

has been designed keeping in mind the fact that a

senior citizen's banking requirements are wholly

different and requires special consideration.

SENIOR PRIVILEGE: ELIGIBILITY

You can avail of a Senior Citizen Saving Account

subject to the following criteria

Average Quarterly Balance (AQB)

TYPE Average

Quarterly

Balance (AQB)

With FD of 2

Lakh

METRO/URBAN Rs. 10000 Rs. 5000

SEMI-

URBAN/RURAL

Rs. 5000 Rs. 2500

No penal charges will be levied for non-

maintenance of Average Quarterly Balance in

the first quarter of account opening.

Person should be a Indian Resident

Age as on date of account opening should begreater than or equal to 60 years.

Smart Privilege Account:

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- For the woman of today

In today's busy world it's tough being aworking woman. Right from shuttling between a job

and family to taking care of her finances she has to

be on her toes all the time. Keeping this in mind, Axis

Bank has designed a saving account best suited for

the woman of today. With the Smart Privilege

Account, Women can manage their money and their

life and as well as enjoy a host of lifestyle privileges.

Furthermore Axis Bank's Smart Privilege Account

ensures that she has enough time for all the

important things in life.

Smart Privilege Account: Specially DesignedDebit Card

The photo signature international debit card comes

with a host of Enhance privileges

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Zero Balance Minor

Account :

- Privilege For Children

Imbibe the significance of regular saving in

your child. The Zero Balance Minor Saving Account is

a unique feature that all account holders can open

for their children.

No maintenance is charged. Debit

card is offered to the minor above the age of 12

years, who can sign uniformly. Daily withdrawal

limitis ofRs. 1500 at ATM.Daily spend limit is of Rs.

1000 at merchant outlets. To open this account

Children should be below the age of 18 years. The

guardian of the minor should be a Smart Privilege

Account holder.

Easy Access Saving

Account:

- Banking made easy

Presenting, Axis Bank's Easy Access Saving

Account. The account is an endeavour by the Bank to

understand the consumers' needs and redefine

banking to suit the requirements for a truly

comfortable banking experience. Easy Access Saving

Account gives customers instant access to their

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money anywhere, anytime. Possessing a range of

unmatched features, it has been devised to better

suit the convenience of banks eclectic client base.

Customers can avail of all these serviceswith a minimum quarterly average balance of

Rs. 5,000 in metro or urban centres, Rs. 2,500

in semi urban centres and Rs. 1,000 in rural

centres.

Zero Balance Saving A/C:- Save at Zero

Presenting, Axis Bank's Zero Balance

Saving Account. At Axis Bank it has been their

constant endeavour to create products specificallycatering to customers needs. The account while

offering a whole range of services also addresses

customers latent need of having an account

without the hassle of maintaining an average

quarterly balance. Free International Debit Card

with an Accidental Insurance cover up to Rs 2 lakhs*

is available (charges for the primary holder arewaived).At-Par chequefacility with the clearing limit

of Rs 50,000 is given.

Defence Salary Account:

- Power Salute

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Defence Salary Account from Axis Bank

is a product designed keeping in mind how tough a

life in the Defence Forces is. With the complete

gamut of banking services (including overdrafts,loans and zero balance requirements) customers can

now rest assured about their family and all their

financial needs. It's Banks way of showing

appreciation to their work.

- BANKING PRIVILEGES:

At-par Cheque Facility

Additional Debit Card

Financial Advisory Services

Note: Power Salute is a special account offered

to customers with regular direct salary credits

coming into this account. In case, the monthly

salary is not credited into the account for more

than 3 consecutive months, the special

features offered under Power Salute account

shall stand withdrawn and the account shall be

treated as Normal Saving Account under our

standard charge structure and all charges shall

be levied and applied as applicable to normal

saving accounts.

Retired personnel can also avail of thementioned benefits as long as the account has been

opened when in active service.

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Corporate Salary Account:

Axis BankCorporate Salary Power

Offering is designed to offer payroll solutions through

in a 24 X 7 environment. It is beneficial to both

employers and also employees.

- ELIGIBILITY:

Axis Bank Salary Power Offering is made forcompanies/ corporate/ government

departments/defence establishments wherein

the minimum number of employees is 10. Axis

Bank has three Product offerings, depending on the

payout commitments made by the concerned

company and a single product offering for all defence

establishments.1. Salary Power Plus - Average Payout /

Employee is between Rs 7500/ - Rs 9999/-

2. Salary Power Privilege - Average Payout /

Employee is between Rs.10000/ -

Rs.24999/-

3. Salary Power Premium - Average Payout /

Employee is Rs.25000/- & above.

4. Power Salute - Only for Defence

Establishments

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KrishiSaving Account:

- Kheti Ho Khushhali Ki

Axis Bank offers a unique saving account

which is easy to operate and transact immediately.

This product has been specially designed keeping in

mind the unique requirements of a farmer and trueto its nature has been called the Krishi Saving

Account.

- FEATURES:

1. Average Balance Requirement:

This account is offered with the requirement

of maintaining the half-yearly average balance of Rs

1000 only.

2. International Master Debit Card:

This card comes with:

A cash withdrawal limit of Rs 25,000 per day.

Free Accident Insurance cover of Rs 2 lakhs .

3. Anywhere Banking:

Being a Krishi account holder, customers are

entitled to access wide network of more than 700

branches and 3000 ATMs across 440 cities.

4. At Par Cheque Book:

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This facility enables customers to encash the

cheques as local instruments at any of the 440

centres where the Bank has its presence, at no extra

cost. Moreover, customers can also issue cheques atother centres up to the limit of Rs 50,000.

Trust/NGO Saving

Account:

- Thoughtful banking for people who spend

their lives thinking of others.

Axis Bank's Trust Account is an effort to

offer thoughtful banking for people who spend their

lives thinking of others. It is a complete banking

solution for Trusts, Associations, Societies, andGovernment Bodies, Section 25 companies and

NGOs, so that the organizations can devote all of

their time to their noble motivations.

Pension Savings Account :

The identity of the Pensioner is to be

established through Pension Payment Order

(PPO) issued by the concerned Pension Paying

Authority.

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The Pension Saving Accounts can be Single or

Joint Bank Accounts. Pension is not permitted to be

paid by cash, however, Standing Instructions may be

accepted and chequebook may be issued.PensionSavings Bank Account, from Axis Bank is specifically,

designed for Pensioner's (Existing & Prospective) of

Central Govt. Civil Ministries/ Departments & Defence

Ministry keeping in mind the fact that a Pensioner's

banking requirements are wholly different and

requires special consideration.

Azaadi - No Frills Account:

- Basic banking with zero balance

Presenting, Axis Bank's Azaadi Account.-A

saving account that doesn't require a minimum

balance. Experience a host of unparalleled features

and heightened convenience with Azaadi Account.

- Qualification For Azaadi IF:

The sum total of all credits to your account does

not exceed Rs 1 lac during the financial year.

You do not intend to maintain an account

balance higher than Rs 50,000 at any given

instant.

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You are unable to furnish full documentation as

required ordinarily for fulfilling of account

opening norms.

DEPOSITS

I. Fixed Deposits : Safety, Security and Growth

Axis Bank offers you simple reinvestment

Fixed Deposits (at very competitive interest

rates), which can be opened with a minimum

investment of Rs 10,000. You can make additions

to your deposit in multiples of Rs 1,000 each . The

tenure of your deposit must be a minimum of 6

months.

All encashment or withdrawals of Fixed Deposits can

only be made at the branch where the deposit was

booked.

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For deposits with tenure of 6 months & above,

interest is calculated on a quarterly basis.

II. Encash 24 :The Encash 24 (Flexi Deposit) gives

you the liquidity of a Savings Account coupled

with high earnings of a Fixed Deposit. This is

achieved by creating a Fixed Deposit linked to

your Savings Account providing you the unique

facilities. Your money is no longer idle. As soonas the balance in your Savings Account crosses

over Rs 25,000, the excess, in multiples of

Rs 10,000 will be transferred automatically to a

higher interest earning Fixed Deposit

Account.The maturity of fixed or term deposits

formed as a result of transfer of money from the

Savings Bank account will be for a maximumperiod of 181 days and the interest will be

charge.

III. Tax Saver Fixed Deposits:

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In the Finance Bill of 2006, the government

had announced Tax benefits to Bank Term Deposits

which are of over 5 year tenure u/s 80C of IT Act, 1961

vide Notification Number 203/2006 and SO1220 (E)dated 28/07/2006.

The salient points of the scheme notification are; (a)

Fixed tenure without premature withdrawal. (b) Year is

defined as a financial year. (c) Amount limited to Rs.

100 minimum and Rs. 100,000 maximum. (d) Bank will

issue a Fixed Deposit Receipt that shall be the basis of

claiming tax benefit. (e) Term deposit under thisscheme cannot be pledged to secure a loan.

IV. Recurring Deposits:

Power of compounding

Axis Bank's Recurring Deposit scheme will

allow you with an opportunity to build up your

savings through regular monthly deposits of fixed

sum over a fixed period of time.

Recurring deposits are accepted in equal monthly

installments of minimum Rs 1,000 and above inmultiples of Rs 500 thereafter.

Recurring Deposit accounts can be opened for a

minimum period of 12 months and in multiples of 12

months thereafter, up to a maximum of 120 months.

The amount of installment once fixed, cannot be

changed. The total amount repayable to a depositor,

inclusive of interest, depends on the amount ofmonthly installments and the period of deposit.

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