Posted on by Free4u Keeping pace with the global changes, the banking sector of this country has been undergoing a remarkable change during the last couple of years. Now banking sectors are facing huge competition due to a large number of players in this sector.
Now I shall discuss briefly about these instruments and their issuing procedure. This is an order to pay money, drawn by one branch of a bank upon another branch of the same bank for a sum of money payable to order on demand. In Telegraphic Transfer T. Telegraphic charge is Tk. Pay Order is an instrument, which is issued from a certain branch of a bank and must be encased from the same branch.
It is like the cash but not the exactly cash. It is more liquid than cash. It is used for remittance purpose within the clearing area covered by Principal Branch. Bills section plays a vital role in collecting these bills. The bills submitted for collection can be divided into two categories.
And a collection number is allotted in serial order which is also noted on the on the instruments and the pay-in — slip. Outward Bills Lodged Cr: Outward Bills For Collection. When the advice is received the following entries are passed. HO account branch concerned Cr: Income Account-Postage Received Cr: When the proceeds are received through draft, following vouchers are prepared and attached with the draft and are sent to the clearing department.
Income Account Postage Recovered Cr: Income account Commission on Bills b Dr: When bills are received from our branches Cr: Head Office Account Branch Concerned 2. When bills are received from other banks: When the vouchers are received back from the clearing Department following entries are passed on contra voucher: Outward Bills For Collection: The account is balanced on fortnightly basis in the following manner: Clearing Section When a customer of UCBL presents an instrument drawn on other bank for collection, the instrument is collected through clearing house of Bangladesh Bank.
The instruments are sent to those banks through clearing arrangement. Every day two houses are arranged; one in the morning and another in the evening.
The evening house is known as return house. Everyday instruments drawn on different banks are sent to the clearing section of Principal Branch from those fifteen branches. The officers of the clearing section enter bank name, branch name, number, and amount through NIKASH 22 software in the main schedule of Banks.
They transfer the particulars of those instruments in a Floppy Disc. He gives the floppy disk containing those entries to Bangladesh Bank officials.Analyzing the services of the Foreign Exchange Division of United Commercial Bank Limited (UCBL) (All Branches) Batch.
Internship Final Report Guidelines. Summer Training for Engineering Students (CS, IT, EC, EE, ME) SIP Manual (1) Student Engineering (Design Stress and Liaison) Core Engineering Internship. Internship. Internship Report of Sjibl-gb - Download as Word Doc .doc), PDF File .pdf), Text File .txt) or read online.
I chose to do my Internship at United Commercial Bank Ltd. At UCB I was assigned to do my intern in three different sections as general banking, general advance and in foreign division.
In General Banking Division I took the opportunity to learn about as much as possible while I was working on the division. The ‘Secondary Sources’ are as follows: Annual report () of NCC Bank Ltd.
Periodicals Published by Bangladesh Bank. Different publications regarding Banking functions, foreign exchange operation and credit policies.
Internet was also used as a theoretical source of information. All types of sample acknowledgement for internship report are given here for student so, that they can collect from here if necessary.
Background of United Commercial Bank Limited: UCBL was incorporated in Bangladesh as a public limited with limited liability as on June 26, and commenced its operation immediately after incorporation with due permission from Bangladesh Bank on 13th November