Mutual Fund is a financial intermediary that pools the savings of investors for collective investment in diversified portfolio securities in the capital market and money market. Many banks like SBI,Indian Bank, eic., have set up mutual fund subsidiaries.

Crossing of a cheque refers to drawing two transverse parallel lines with or without any words. The lines are drawn on the face on the left top comer. A crossing is an instruction to a banker not to pay the cheque across the counter of the bank but to pay to a bank only or to the credit in the account of the payee.

The limitations of MICR cheque are:
(i) It is expensive because it requires superior quality paper and special ink.
(ii) Customers have to be educated in handling the MICR cheques and
(iii) Counterfoils are not permitted in the cheque books, which may cause inconvenience to the customers.

The important requisites of a cheque are;
(i) According to law a cheque must be in writing.
(ii) It is an order to pay the amount without any condition.
(iii) The amount of money to be paid must be certain and specified both in words and, figures in the cheque and
(iv) A cheque is valid if it bears the signature of the drawer.

Commercial banks started identifying and offering new and diversified financial services, They are purely other than banking services. Providing all such banking and other financial services is also called universal banking.

Crossing of cheque: Drawing two parallel transverse lines on the left top of the cheque. It implies that the money will not be paid over the counter but through bank account only.

According to Negotiable Instruments Act 1881,"cheque is a bill of exchange drawn on a specified banker payable on demand".

Nowadays smart card is used for day to day purposes.
1. Strong device security.
2. Biometrics

*99# is the number for the funds transfer from any mobile phone.It was launched in 2014.Every common man in India can transact banking transactions from any comer of India.

The start-up share capital to new ventures of little known,unregistered,risky,young and small private business,especially in technology oriented and knowledge intensive business in known as Venture Capital Fund. E.g.SBI and Canara Bank have set up venture capital fund subsidiaries.

(i) Overdraft
(ii) Cash Credit
(iii) Discounting of Bills
(iv) Loans

(i) Savings Deposits
(ii) Current Deposits
(iii) Fixed Deposits
(iv) Recurring Deposits

ATM means automated teller machine.

(i) A Credit card is an Instrument which provides Credit facilities to its holder to purchase goods or services from Business establishments:
(ii) Bank issue Credit cards to customers and other eligible persons.

(i) There is no need to carry cash.
(ii) It can be used for withdrawal of Cash from ATM.
(iii) This card is more useful in Purchase of goods and services anywhere in India.