Any Branch Banking System (ABBS) provide customers with a flexible service for banking from any branches located anywhere in the country. The branch where the customer maintains his account is the base branch and the branch from where he carries out his transactions is referred as the remote branches. All the branches of bank providing any branch banking facility are inter-connected and are capable of providing online, real-time transactions to its customers. FACILITIES available under ABB:
• Cash Withdrawal: You can withdraw cash
from your account from any of our Core connected branches by presenting a
self-drawn cheque. This facility is not extended for withdrawals by any third
party.
• The Bank's customer having ATM
card can withdraw the Cash from any ATM of the Bank.
• Cash Deposit: Deposit cash for
credit of your account through any of our core connected branches.
• Fund Transfers: Instantly transfer
funds between your accounts or between your account and any third
party account
maintained at different core connected branches.
• Purchase of Demand Drafts / Pay Orders:
Purchase demand drafts / pay orders at any remote branch by debiting your
account maintained at the base branch.
• Deposit of Local Cheques: You can
deposit local cheques at remote branches for crediting the proceeds after
realization to your account maintained at base branches.
• Stop Payment facility at Remote
Branches: You can give instructions to Stop Payment of cheques issued by you at
any of our branches by simply giving a written request. You can also revoke the
stop payment instruction issued by you earlier
• Repayment to Loan accounts: Now
you can make repayments to your loans such as Home Loan, Vehicle
Loan, etc. held with
your branch through any of the Corp Bank Branches by Cash / Local cheque.
Eligible Customers
• All adult individual customers and
proprietary concerns having an SB, Current account, Borrower accounts such as
Cash Credit, Overdraft a/c etc.
• All business concerns like Partnerships,
Corporate Bodies, Trusts, Clubs, Associations, Institutions, Organizations,
Government, Administrators and executors.
• Joint Accounts
• Power of Attorney, Mandate holders
Application
Package/Software
Application
Package/Software is a set of programs to carry out operations for a specific
application. For example, payroll
is an application
software for an organization to produce pay slips as an output. Application
software is useful for word processing, billing system, accounting, producing
statistical report, analysis of numerous data in research, weather forecasting,
etc. In later modules you will learn about MS WORD, Lotus 1-2-3 and dBASE III
Plus. All these are application software.
Another example of
application Package/Software is
programming language. Among
the programming languages
COBOL (Common Business
Oriented Language) is more suitable for business application whereas FORTRAN
(Formula
Translation) is useful
for scientific application. We will discuss about languages in next section.