Sahara India Pariwar's Sahara Bank of India, Khanpur
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Government Engineering College, Jhalawar A PROJECT REPORT ON “Para banking (Saving Schemes)” FROM Sahara India Pariwar’s Sahara Bank of India, Khanpur (2228) Submitted to Hitesh Sharma (Lecturer Dept. of management studies) Submitted By Renu Rathore Roll No. Division IN PARTIAL FULFILLMENT OF (BBA PART FIRST 2008-2009) 1 Declaration I, Miss Renu Hereby declare that this project report is the record of authentic work carried out by me during the period of 2 Months and has not been submitted to any other University or Institute for the award of any degree/ diploma etc. Signature: Name of the student: Date: 2 ACKNOWLEDGEMENT This is serve gratitude to all those people without whom this PROJECT would have never seen the light of day. An endeavour is difficult to even initiate without the help of many souls who are always there by the grace of God. Researcher project is a result of help provided by many people. First of all I acknowledge our sincere gratitude and indebtedness to Mr. Nand Kishore Chittora Manager of Sahara Bank, Khanpur, for giving us invaluable opportunity to make this project report on and there after providing me constant guidance. I also want acknowledge how much I have learn from working with my colleagues who provide me with the time support and inspiration needed to prepare this project. I would also like to thank all the members of security equipment division who spent their valuable time to cooperate with me. Last but not the least; Researcher would also like to express his sincere thanks to other colleagues and trainees at Sahara bank, Khanpur. Who provided me with the necessary congenial atmosphere for the timely completion of his project and for the encouragement and support throughout the course of training. Finally I would like to thank the August Person Mr.Hitesh Sharma, Lecturer, Department of management studies. It is my foremost duty to express my deep sense of Grattitude. Thanking You ! Khanpur Yours sincerely, Date- / / 2009 Priyanka Soni 3 PREFACE I want to express my experience and practical knowledge that I gained during the training at Sahara Bank, Khnapur. It was my first experience when I went to the market not to buy any thing but to do the survey and to promote the Investment Plans and Para Banking Schemes in the market. The basic need of these Schemes is to ensure about the policies and the strategies in the market. On first day I was nervous, but because of the good image of the Sahara India Pariwar.in the market the people attended us positively. Many people came themselves to us for knowing the details about the product. For accomplishment of the project report I daily think about the conditions and views and then I used to compose the whole thing on computer. In making the project report theoretical knowledge was needed more than the practical which was given to us by my professors in our institutes. In the market the experience relating to the practical knowledge was very good which realized us about the real conditions of the marketing. The project flows logically consisting of market research, data collection method and questionnaire. It hoped that the findings and the suggestions will help the company, confidently to formulate its strategy in comparison to its competitors. Lastly I am giving thanks to Mr. N.K.Chittora and Mr. Mahendra Gautam, who gave me their precious time to make project successful. Thanking You, Khanpur Yours sincerely, Date- / / 2009 Priyanka Soni 4 Chapter Scheme S. No. Content Pg. No. 1 Declaration 2 2 Acknowledgement 3 3 Preface 4 4 Executive Summary 6 5 Chapter-1 Introduction 7 6 Overview and Keys 9 7 Four Drivers in Parabanking 10 8 Brands and Products Pattern 11 9 About Different Chases 12 10 Successful keys of Sahara 13 11 Introduction of Training and Development 14 12 Training Systems 15 13 Transitional Models 16 14 Chapter-2 Research Methodology 17 15 Data Collection 18 16 Primary Data 19 17 Sampling Methodology 20 18 Secondary Data 20 19 Chapter-3 Data analysis and Interpretation 21 20 Analysis of Secondary Data 22 21 Chapter-4 Findings 23 22 Key Findings 24 23 Chapter-5 Suggestions and Recommendations 25 24 Recommendations 26 25 Chapter-6 Conclusions 27 26 Conclusion on the basis of all above steps 28 27 Chapter-7 Annexure 29 28 Questionnaires 30 23 Chapter-8 Bibliography 33 24 Websites and Books 34 5 Executive Summary Research can be defined as a systemized effort to gain new knowledge. A research is carried out by different methodologies which have their own pros and cons. Research methodology is a way to solve research in study and solving research problems along with logic behind them are defined through research methodology. Objective of the study Study and identify the current features of the Investment Plans Analysis of general individual investment patterns. To know awareness of these products among people. To know the different aspects about field work. To study the diversification of products. To study the purpose, process, principle, functions of the post training evaluation. To study the different types of methods/techniques used to evaluate the training. Research Methodology The project report made on “Para Banking (Saving Scheme)” at Sahara Bank, Khanpur. The research work was accomplished in Khnapur. So Khanpur is my universe. The Sample unit was the residential places where I accomplished my training programme. According to available resources. The term Research Methodology, however, is also used in a rather more specific sense, as almost a synonym for research design. In this sense it indicates the practical way in which the whole management thesis has been organized. Research Methodology which gives the guideline that how to conduct the Market Survey from the specified area. It is also important to evaluate the ethical issues inherent in the research and to explain the practical strategies which will be undertaken to ensure that the research complies with these ethical principles. 6 CHAPTER-1 (INTRODUCTION) 7 Introduction Managing Worker & Chairman – “Saharasri” Subrato Rai Sahara, In 1978 at Gorakhpur, India. Today, I feel proud of the fact that I am the Guardian of the World's largest family. Perhaps, I am the world's only person whose family is so vast, so disciplined, so dedicated and so committed. Such a vast family as Sahara India Pariwar has a grand and infinite future and I am sure that we will sustain our duty, consciousness, discipline and dutifulness with a sense of dedication, as we have always done in the past, so that together we could build an India full of energy and radiance. Sahara India Pariwar is a major entity on the corporate scene having diversified business interests that include Finance, Infrastructure & Housing, Media & Entertainment, Consumer Products, Manufacturing, Services & Trading. Sahara India- a corporate, which believe that quality, is never an accident it is a result of planning, team work and a commitment of excellence. Sahara India Pariwar is a multi-business conglomerate with diversified business interest that includes finance, real estate, media & entertainment, tourism & hospitality, and service & trading. Introduction of Parabanking in Sahara. India’s largest residuary non-banking company in the private sector with the highest yearly deposit level. Number of deposit accounts as on July 2009 - 3.25 crore 1508 Service Centres Succeeded in inculcating the savings habit amongst the common man- middle/lower middle/lower class of the society with even a minimum daily deposit of Re.1. Contributing to the national economy for the overall development of the country, through money invested in Government Securities, Banks & Institutions. Sponsor of Sahara Mutual Fund. 8 Co-promoter of Life Insurance business under the name and style of Sahara India Life Insurance Company Limited. OVERVIEW The employees at Sahara India Pariwar greet each other by saying “Sahara Pranam”. Every year, republic day and independence day is celebrated as Bharat Parv ( national festival) and Sahara India Pariwar celebrates it as the biggest event of the pariwar( family). Sahara India Pariwar has been the official sponsors of the Indian cricket team and Indian hockey team. Sahara India Pariwar in often referred as the world’s largest family. 910,000 workers/ employees and no trade union. Its five star hostel ‘Sahara Star’ near Mumbai airport has the world’s largest pillar less clear-to-sky dome of its kind. Holds the Guinness world record for planning 125,256 trees by 1400 volunteers in 6 hours and 35 minutes 0n 5th June 1988 at amby vally city. Hold the record in India for 25%-50% hike in the gross salary of all of its employees at one go. Conducts mass marriage ceremony of 101 underprivileged girls every year. Subrato Roy Sahara is also referred as “Saharasri”. Our Keys Emotion Discipline Duty No discrimination Quality Give respect Self-respect Truth 9 Collective Materialism Religion Absolute Honesty Four Drivers in Parabanking THE DIRECTION : To invest and keep invested 100% of deposit liabilities along with interest accrued thereon in high quality securities as specified/approve d by Reserve Bank Of India (including Government Securities and/or Government Guaranteed Bonds and Fixed/Certificate of Deposit of Scheduled Commercial Banks and/or Government Financial Institutions). SAFETY OF THE INVESTED SCRIPS : To keep scrips in safe custody with a nationalised bank. Not even a single paisa withdrawal from its investments for its expenses or other use. Withdrawals can only be possible for discharge of liabilities to the depositors. SECURITY FOR DEPOSITORS : All these securities are to be valued at their current market price and the realisable value of all these assets should at any point of time be 100% or more of the aggregate deposit liabilities alongwith interest accrued thereon.