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Receiving of deposit is one of the primary functions of a commercial bank. Banks usually accept deposits from those people who can save and cannot profitably use their surpluses.

Banks perform certain agency function because they act as agents of their customers in a number of ways.

Banks are regarded as the nerve centre of trade, industry and commerce of a country. Bank denotes an institution which deals in money and credit.

The Reserve Bank of India was incorporated in 1935 and it was nationalized in the year 1949.

The Imperial Bank of India was nationalized in 1957 and after nationalization it was renamed as the State Bank of India.

Commercial banks render a great deal of services to their customers. The relationship between banker and a customer can be expressed under the following angles:

Marine insurance consist of several warranties. A warranty means a stipulation upon which the fulfillment of the very contract depends.

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A successful claim for the losses by fire can e made when the following procedures are resorted:

There are a great deal of fire insurance policies designated to cater the needs of the insured. These policies are:

The term fire denotes a condition of burning or visible flame accompanied by heat. Fire insurance contract is an important and popular form of insurance for the business world.

Insurance is a contract between two parties where one party called the insurer agrees to indemnify the loss suffered by the other party called the insured.

Life insurance contracts can be distinguished from other insurance contracts on the following points:

The contract of insurance came into existence when the assured has an insurable interest in the subject-matter of insurance.

Double insurance denotes insurance of same subject matter with two different companies or with the same company under two different policies.

The word indemnity denotes security or protection against loss. The effect of indemnity to insurance protects the insured from losses.