Internship report on General Banking activities of Janat Bank limited. By Safayat Reaz

1. CHAPTER FOUR EXPERIENCES DURING INTERNSHIP PERIOD
32
CHAPTER 4
EXPERIENCES DURING INTERNSHIP PERIOD
Chapter Hints…… Chapter Contents……
• This section is
designed to show the
details what I have
learnt from my
internship period.
• Learnings
4.1 Account
opening
4.2 Payment order
issue / collection
4.3 Demand draft
4.4 T.T. issue /
collection
4.5 IBC / OBC 36

2. CHAPTER FOUR EXPERIENCES DURING INTERNSHIP PERIOD
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LEARNINGS
During my internship period I have learnt some banking activities from Janata Bank Ltd. Such
as account opening, payment order issue/collection, demand draft issue/collection, T.T.
issue/collection, OBC collection etc. Procedure of this activities are printed below:
4.1 ACCOUNT OPENING
One of the vital activities under general banking is the account opening. Banker-customer
relationship begins through opening a bank account. Various types of account are offered by
JBL. Such as Current Deposit Account, Savings Bank Account, Short Term Deposit, Fixed
Deposit etc. But account opening procedure is almost same.
Account opening procedure
When anyone comes to open an account he has to fulfill an account opening form which is
provided by bank and he has also to submit some documents to the banker. Different types of
documents need for different customers. Some common documents required for all types of
account are:
• Introduction recommendation.
• Specimen signature card
• Account opening agreement form
• Two copies of Photograph of account holder and two copies of
nominee (if any).
• Deposit slips book.
• Cheque-book requisition slip
• Letter of mandate authorizing another person to operate the account on
behalf of the account holder.
• National ID Card
• Birth Certificate

3. CHAPTER FOUR EXPERIENCES DURING INTERNSHIP PERIOD
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Photo of Account Opening Form

4. CHAPTER FOUR EXPERIENCES DURING INTERNSHIP PERIOD
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4.2 Payment Order Issue/Collection:
 The pay order is an instrument issued by bank, instructing itself a certain amount of
money mentioned in the instrument taking amount of money and commission when it is
presented in bank. Only the branch of the bank that has issued it will make the payment
of pay order.
Procedure of Issuing Payment Order:
 Obtain P.O, application from duly filled in and signed by the Purchaser/application.
 Receive the amount in cash/transfer with commission amount.
 Issue Pay Order
 Enter in Pay Order register
Charges:
A commission of 0.10% is taken on the draft value & 15% vat on DD commission &
Tk.25/= is taken as postal charge.

5. CHAPTER FOUR EXPERIENCES DURING INTERNSHIP PERIOD
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4.3 Demand Draft (D.D)
This is an instrument through which customer's money is remitted to another
person/firm/organization in outside the clearinghouse area from a branch of one bank to an
outstation branch of the same bank or to a branch of another bank (with prior arrangement
between that bank with the issuing branch): This is an order instrument in which the issuing
branch gives instruction to the payee/drawer branch to pay certain amount of money to the order
of certain person/firm/organization. Commission, vat and postage are charged for issuing DD.
Example: - To transfer money from Chittagong to Dhaka
4.4 T.T. Issue/Collection:
Though TT stands for Telex Transfer it is used as Telephonic Transfer since Telex has
eliminated. Telephonic transfer (TT) is another widely used mode for remittances of funds. In
case of telephone transfer the message for transfer of funds is communicated through tested
telephonic message. JBL generally recovers from the telephone charges in addition to the usual
service charges.
This is a mode of transfer of customer's money from a branch of one bank to another branch of
the same bank through telegraphic/telephonic message.
4.5 IBC/OBC:
By OBC, we mean that those Cheques drawn on other banks which are not within the same
clearing house. Officer gives OBC seal and oarsmen on this type of Cheques and later sends a
letter to the manager of the branch of the some bank located in the branch on which Cheque has
been drawn. After collection of that bill branch advises the concerned branch in which Cheques
has been presented to credit the customer account through Inter Branch Credit Advice (IBCA).