Intern on Nbl

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Category: Business and Industry

Date Submitted: 11/24/2012 02:23 PM

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Activities Undertaken

Chapter 2: Activities Undertaken

2.1Work Related Activities

General Banking

Financial institution/ intermediary that mediates or stands between ultimate borrowers and ultimate lenders is knows as banking financial institution. Banks perform this function in two ways- taking deposits from various areas in different forms and lending that accumulated amount of money to the potential investors in other different forms. General Banking is the starting point of all the banking operating.

General Banking department aids in taking deposits and simultaneously provides some ancillaries services. It provides those customers who come frequently and those customers who come one time in banking for enjoying ancillary services. In some general banking activities, there is no relation between banker and customers who will take only one service form bank. On the other hand, there are some customers with who bank are doing its business frequently. It is the department, which provides day-to-day services to the customers. Every day it receives deposits from the customers and meets their demand for cash by honoring cheques. It opens new accounts, demit funds, issue bank drafts and pay orders etc. since bank in confined to provide the service everyday general banking is also known as retail banking. The various jobs undertaken by a bank could be represented in the following way:

In the case of the NBL Mohakhali branch, I found the following section of general banking activitiesof NBL. at Mohakhali branch.

* Account Opening

* Dispatch

* Cash Department

* Accounts Department

* Loan and Advances Department

* Clearing Department

* Bills for Collection

* Deposit

* Remittance

2.1.1 Account Opening Section

Account opening procedure of NBL is very good. They collected all the necessary documentswhenever they open an account. Only five to ten minutes are required to open an account if all thedocuments are correct. This...