Types of banks; Banking products and services– Various services offered by banks; Types of bank
deposit accounts; Formalities to open various types of bank accounts, PAN Card, Address proof,
KYC norm; Various types of loans; Cashless banking, e-banking, Digital technology; CIBIL, ATM,
Debit and Credit Card, and APP based Payment system; Banking complaints and Ombudsman.
Unit– 3: Insurance & Equity and Debt Related Instruments
4. Insurance Services: Life and non-life (general) Insurance Policies: Life Insurance, Term Life
Insurance, Endowment Policies, Pension Policies, ULIP, Health Insurance and its Plans, Comparison
of policies offered by various life insurance companies. Property Insurance: Policies offered by
various general insurance companies. Post office Life Insurance Schemes: Postal Life Insurance and
Rural Postal Life Insurance (PLI/RPLI).
5. Portfolio Management: Meaning and importance; Share Market and Debt Market, Sensex and its
significance; Investment in Shares- selection procedure for investment in shares; Risk element;
Investment Management-Services from brokers and Institutions, and self-management; Mutual
Funds.
