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Mobile Deposit


Marketed By :  LAP LAMBERT Academic Publishing   Sold By :  Kamal Books International  
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  • Product Description

Mobilization of deposit to a bank is as essential as oxygen for human being, (Deb, K. 1988). Deposit mobilization is one of the core functions of banking business and so an important source of working capital for the bank. Since deposits are normally considered as a cost effective source of working fund, the bank’s ability to lend more as well as its success greatly lies on its deposit mobilization. Walk in deposit remains the major system where by customers are able to deposit money into their account. This has led to long queues in banking halls to the displeasure of customers since they have to spend a lot of time just to deposit money. In addition, the banks are unable to mobilize deposit from the unbanked since they don’t have physical presence in these communities. On the other hand, if the banks can adopt a system where by people in these communities could operate an account and make regular deposits without necessarily visiting the bank, then the bank can mobilize cheap funds to augment its working capital. The findings show that mobile deposit has proven to be very effective means of mobilizing deposit apart from the traditional usual walk in deposit system.

Product Specifications
SKU :COC74395
AuthorFrancis A. K. Banson
Number of Pages100
Publishing Year2014-06-27T00:00:00.000
Edition1 st
Book TypeBanking & finance: study & revision guides
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-10-08 00:00:00