A strong position in international Banking and a great link with various foreign exchange companies makes the process of collecting the foreign remittance easier to this bank. If any kind of renovation or construction or rebuilding is done, all is paid from the Accounts Department. Expansion of branches is based on a policy of maintaining a balance between the urban and rural areas with a view to offering services even in the remote areas of Pakistan. Since the bank officials are very busy with their activities, as a result it was thought to have proper knowledge as was required for the study. It will help many students preparing their Internship Reports. The industry has termed it as Retail Banking or Personal Banking or Consumer Banking. Term Deposit A term deposit is a deposit that is made of a certain period of time.
· The t-statistic from least squares regression, the t-statistic is the regression coefficient of a given independent variable divided by its standard error. Managing liquidity is a daily process requiring bankers to monitor and project cash flows to ensure adequate liquidity is maintained. Remittance has economic benefit both at macro and micro level. I further undertake to indemnify the department against any loss or damage arising from breach of the foregoing obligations. At the time of internship, I felt such and obtained cordially.
As convenience of communication to the branch location is a very important factor for the customers. The banking system is dominated by the 30 domestic private banks, which together control more than 61% of deposits and operates 2827 branches as of March 31, 2011. It represents the total dollar value of all goods and services produced over a specific time period it can be thought as can the size of the economy. This equation implies two things. This simple transfer system, being on line, eliminates the complex process and makes it easy and convenient for both the sender and the receiver.
Citi has established a strong presence in Bangladesh. People not counted include students, retired people, stay-at-home parents, people in prisons or similar institutions, people employed in jobs or professions with unreported income, as well as who cannot find work. I have also used financial and operational information of the Bank to evaluate its performance and to compare its performance with other banks. People started the saving concept. We inherited a great foundation. Local disbursements may also be made freely in Taka form such foreign currency accounts.
Internship program is a perfect blend of the theoretical and practical knowledge. It is not necessary to have a bank account to use Money Gram Service. If the cheque is or other than Rupali Bank then the Cheque has to be sent to the Bangladesh Bank Main Clearing House through Rupali Bank Local Office clearing house. Customers seek in organization the prompt service and the person at the customer service desk properly handled them. It is a non-negotiable instrument and generally is not handed over to the customer rather sent through Post Office to the concerned Branch for credit to the respective amount. Again, at the rush times Bankers do not serve every customers properly. He is permitted to submit the Internship Report.
Money Gram has over 80,000 Agent locations throughout the world. The report has been prepared under my guidance and is a record of the bonafide work Carried out successfully. Bangladesh nationals working and earning abroad including self-employed Bangladeshi migrants proceeding abroad on employment may open foreign currency accounts even without initial deposits. Monir Ahmmed, Mohammad Rokibul Kabir, Md. The overwhelming public response has enabled the. Standard Bank offers different types of Corporate and Personal Banking Services involving all segments of the society within the purview of rules and regulations laid down by the Central Bank and other regulatory authorities.
Ø Many remitting procedures such as remittance of recurrent nature, outward advance remittance require prior approval from Bangladesh Bank. Remittance or money by Mail Transfer is relatively cheaper, quite safer and convenient. Such Bonds can be purchased in denomination of Tk. Government as well as private sector has undertaken various strategies to make remittance transfer easier and hassle free. In this course intern got an opportunity to assess the requirements in a cheque, deposit slip, account opening form, account closing, the various information revealed by balance statement, the need of balance certificate, the requirements of dispatching new cards to the expired card holders and much more. So we can say that the variables are very significant.
Money Gram is one of the fastest ways to transfer money. The countries of Middle East and Northern Africa have been the major destinations for these migrant workers. I have studied on relevant issues and tried to highlight the pros and cons of it accordingly in this regard. To understand the financial status of the bank. Other Demand Drafts entered in the register will be presented or payment to the drawee through the cash department.