{"id":23978,"date":"2015-02-16T11:27:27","date_gmt":"2015-02-16T11:27:27","guid":{"rendered":"http:\/\/vskills.in\/certification\/blog\/?p=23978"},"modified":"2024-04-03T13:19:50","modified_gmt":"2024-04-03T07:49:50","slug":"new-scheme-for-banking","status":"publish","type":"post","link":"https:\/\/www.vskills.in\/certification\/blog\/new-scheme-for-banking\/","title":{"rendered":"New scheme for banking"},"content":{"rendered":"<p style=\"text-align: center\"><a ref=\"magnificPopup\" href=\"http:\/\/vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/02\/New-scheme-for-banking.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-24897\" alt=\"New scheme for banking\" src=\"http:\/\/vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/02\/New-scheme-for-banking-300x161.jpg\" width=\"300\" height=\"161\" srcset=\"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/02\/New-scheme-for-banking-300x161.jpg 300w, https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/02\/New-scheme-for-banking.jpg 306w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>Let me start with a clear definition of Asset \u2013 Liability mismatch.<\/p>\n<p>Any bank\u2019s working can be easily understood by this asset \u2013liability match. Banks take deposits from customers which will be considered till its maturity period. Within that maturity period this amount will be given as loan to another customer at a higher rate. So, by the maturity time banks would have got back the amount given as advance along with the profit that came from the higher interest rate. But, what will be the bank\u2019s situation if the customer deposited wanted the money before maturity. This leads to asset &#8211; liability mismatch the deposit was given as advance. So, what is the new scheme? The new scheme is an introduction to manage this asset-liability mismatch.<\/p>\n<p>Non \u2013 callable deposits and fixed tenure deposits are the new concepts entering into the banking field. Till today, any deposit less than 1 crore can be called pre maturely. Non \u2013 callable and fixed tenure deposits are those that cannot be called off before maturity period at any cause.RBI has announced a higher deposit rate or differential rate on non-callable deposits and fixed tenure deposits. This prevents the deposit holder to call of the deposit amount so that banks can manage the asset \u2013 liability match taking into consideration the maturity period and since higher deposit rates are given customers can prefer choosing non-callable deposits or fixed tenure deposits as their money would grow quick over years.<\/p>\n<p><a href=\"http:\/\/www.vskills.in\/certification\/accounting-banking-and-finance\">Click here for government certification in Accounting, Banking &amp; Finance<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Let me start with a clear definition of Asset \u2013 Liability mismatch. Any bank\u2019s working can be easily understood by this asset \u2013liability match. Banks take deposits from customers which will be considered till its maturity period. Within that maturity period this amount will be given as loan to another customer at a higher rate&#8230;.<\/p>\n","protected":false},"author":645,"featured_media":24897,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[1519],"tags":[1136],"class_list":["post-23978","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting-banking-and-finance","tag-banking"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New Scheme for Banking<\/title>\n<meta name=\"description\" content=\"What is the new scheme for banking in India?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vskills.in\/certification\/blog\/new-scheme-for-banking\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Scheme for Banking\" \/>\n<meta property=\"og:description\" content=\"What is the new scheme for banking in India?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.vskills.in\/certification\/blog\/new-scheme-for-banking\/\" \/>\n<meta property=\"og:site_name\" content=\"Vskills Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/vskills.in\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/p.kannammai\" \/>\n<meta property=\"article:published_time\" content=\"2015-02-16T11:27:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-03T07:49:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/02\/New-scheme-for-banking.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"306\" \/>\n\t<meta property=\"og:image:height\" content=\"165\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Kannammai Palaniappan\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kannammai Palaniappan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/new-scheme-for-banking\/\",\"url\":\"https:\/\/www.vskills.in\/certification\/blog\/new-scheme-for-banking\/\",\"name\":\"New Scheme for Banking\",\"isPartOf\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/new-scheme-for-banking\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/new-scheme-for-banking\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/02\/New-scheme-for-banking.jpg\",\"datePublished\":\"2015-02-16T11:27:27+00:00\",\"dateModified\":\"2024-04-03T07:49:50+00:00\",\"author\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/#\/schema\/person\/74af3e2d22de506afe6ea98686d960da\"},\"description\":\"What is the new scheme for banking in India?\",\"breadcrumb\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/new-scheme-for-banking\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.vskills.in\/certification\/blog\/new-scheme-for-banking\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/new-scheme-for-banking\/#primaryimage\",\"url\":\"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/02\/New-scheme-for-banking.jpg\",\"contentUrl\":\"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/02\/New-scheme-for-banking.jpg\",\"width\":306,\"height\":165},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/new-scheme-for-banking\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.vskills.in\/certification\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"New scheme for banking\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/#website\",\"url\":\"https:\/\/www.vskills.in\/certification\/blog\/\",\"name\":\"Vskills Blog\",\"description\":\"Vskills - 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