This document summarizes the typical branch operations of Allied Bank Limited in Pakistan. It describes the various account types and opening processes, including required documents and forms. It also outlines general banking services like deposits, withdrawals, bills, transfers and term deposits. Key processes for financing, remittances, central processing, alternate delivery channels and asset management are also covered. The document aims to analyze current practices to identify areas for improvement through business process reengineering and information technology systems.
Report on Online Banking, Mobile Banking and ATM Service of Islami Bank Bangl...Mahfuz Tushar
This document is a term paper on online banking, mobile banking, and ATM services provided by Islami Bank Bangladesh Limited (IBBL). It provides an overview of IBBL, describing its deposit and investment schemes and objectives. It then examines the online banking services available, including services offered, transaction limits, and charges. It also discusses SMS banking and internet banking services. Finally, it outlines the ATM services offered by IBBL, detailing transaction limits, charges, and number of ATM booths available. The paper aims to describe the authors' learning from IBBL's online banking system.
The document provides an overview of Al-Arafah Islami Bank Limited (AIBL) in Bangladesh, including its history, objectives, management structure, products and services. Some key points:
1) AIBL was established in 1995 with the goal of conducting interest-free banking according to Islamic principles.
2) The bank's objectives include establishing participatory banking, investing through Shariah-compliant modes, and contributing to balanced economic growth in Bangladesh.
3) AIBL's management structure involves planning, organizing, staffing, directing, and controlling its branches across the country. It provides various banking services including general banking, foreign exchange, loans, and investments.
4) The
Al-Arafah Islami Bank Limited (AIBL) is an Islamic bank in Bangladesh that was established in 1995. The document provides an overview of AIBL, including its history, mission, objectives, financial performance from 2008-2012, board of directors, and branch locations across Bangladesh. It also discusses AIBL's general banking activities like deposit accounts, profit rates, account opening/closing procedures, clearing services, remittances and cash/investment services.
This internship report summarizes Rafiqul Islam's 3-month internship at the Gulshan branch of Al-Arafah Islami Bank Limited (AIBL) in Bangladesh, focusing on the bank's investment management activities. The report includes an executive summary of AIBL's background, operations, investment sectors, products, procedures, criteria for evaluating investment proposals, causes of loan defaults, and monitoring and recovery processes. It aims to provide an overview of AIBL's investment management and identify strengths, weaknesses, and risks. The report is based on both primary data collected from bank officers and secondary sources such as AIBL publications.
Internship report on Al arafah Islami Bank Amberkhana BranchRayhanAhmed25
This document provides an overview of the banking industry and history of banking in Bangladesh. It defines what a bank and banking are, and describes the key concepts. It outlines the history of modern banking practices emerging in the 17th-18th centuries in Europe. For Bangladesh specifically, it notes that after independence, the central bank was reorganized from the former State Bank of Pakistan branch and named Bangladesh Bank in 1972. The banking sector in Bangladesh plays a pivotal role in the country's economic development.
This document discusses Samiul Haque's internship report on the banking practices and general banking functions of Al-Arafah Islami Bank Ltd in Bangladesh. It provides background on the bank, outlines its mission and vision, describes the various products and services offered, and reviews relevant literature on topics like banking strategies, customer satisfaction, and service quality dimensions. The report aims to understand AIBL's environment and management, fulfill academic requirements, and identify strengths and weaknesses to recommend improvements.
Comparative Analysis between The International Finance Investment (IFIC) and ...Sultan Mahmud
This document provides an overview and financial statements for two Bangladeshi banks - International Finance Investment and Commerce Bank Limited (IFIC) and Al-Arafah Islami Bank Limited (AIBL) for the year ending December 31, 2014. It includes the mission, vision, and profiles of both banks. The financial statements included are the balance sheet, profit and loss account, and cash flow statement for each bank for the year ending 2014. In the final chapter, a comparison of key financial metrics between the two banks such as total capital, total assets, total deposits, and various returns and ratios is presented.
This report analyzes the investment policy and activities of Al-Arafah Islami Bank Ltd, specifically their Natun Bazar Baridhara branch. It provides an overview of the bank's capital position, management structure, 5-year financial highlights, and the branch's deposit and investment performance from 2014-2016. The report also describes the bank's investment practices, including the mechanisms and modes of investment, special investment schemes, and sector allocation. PEST and SWOT analyses are also provided to evaluate the external and internal factors impacting the bank.
Report on Online Banking, Mobile Banking and ATM Service of Islami Bank Bangl...Mahfuz Tushar
This document is a term paper on online banking, mobile banking, and ATM services provided by Islami Bank Bangladesh Limited (IBBL). It provides an overview of IBBL, describing its deposit and investment schemes and objectives. It then examines the online banking services available, including services offered, transaction limits, and charges. It also discusses SMS banking and internet banking services. Finally, it outlines the ATM services offered by IBBL, detailing transaction limits, charges, and number of ATM booths available. The paper aims to describe the authors' learning from IBBL's online banking system.
The document provides an overview of Al-Arafah Islami Bank Limited (AIBL) in Bangladesh, including its history, objectives, management structure, products and services. Some key points:
1) AIBL was established in 1995 with the goal of conducting interest-free banking according to Islamic principles.
2) The bank's objectives include establishing participatory banking, investing through Shariah-compliant modes, and contributing to balanced economic growth in Bangladesh.
3) AIBL's management structure involves planning, organizing, staffing, directing, and controlling its branches across the country. It provides various banking services including general banking, foreign exchange, loans, and investments.
4) The
Al-Arafah Islami Bank Limited (AIBL) is an Islamic bank in Bangladesh that was established in 1995. The document provides an overview of AIBL, including its history, mission, objectives, financial performance from 2008-2012, board of directors, and branch locations across Bangladesh. It also discusses AIBL's general banking activities like deposit accounts, profit rates, account opening/closing procedures, clearing services, remittances and cash/investment services.
This internship report summarizes Rafiqul Islam's 3-month internship at the Gulshan branch of Al-Arafah Islami Bank Limited (AIBL) in Bangladesh, focusing on the bank's investment management activities. The report includes an executive summary of AIBL's background, operations, investment sectors, products, procedures, criteria for evaluating investment proposals, causes of loan defaults, and monitoring and recovery processes. It aims to provide an overview of AIBL's investment management and identify strengths, weaknesses, and risks. The report is based on both primary data collected from bank officers and secondary sources such as AIBL publications.
Internship report on Al arafah Islami Bank Amberkhana BranchRayhanAhmed25
This document provides an overview of the banking industry and history of banking in Bangladesh. It defines what a bank and banking are, and describes the key concepts. It outlines the history of modern banking practices emerging in the 17th-18th centuries in Europe. For Bangladesh specifically, it notes that after independence, the central bank was reorganized from the former State Bank of Pakistan branch and named Bangladesh Bank in 1972. The banking sector in Bangladesh plays a pivotal role in the country's economic development.
This document discusses Samiul Haque's internship report on the banking practices and general banking functions of Al-Arafah Islami Bank Ltd in Bangladesh. It provides background on the bank, outlines its mission and vision, describes the various products and services offered, and reviews relevant literature on topics like banking strategies, customer satisfaction, and service quality dimensions. The report aims to understand AIBL's environment and management, fulfill academic requirements, and identify strengths and weaknesses to recommend improvements.
Comparative Analysis between The International Finance Investment (IFIC) and ...Sultan Mahmud
This document provides an overview and financial statements for two Bangladeshi banks - International Finance Investment and Commerce Bank Limited (IFIC) and Al-Arafah Islami Bank Limited (AIBL) for the year ending December 31, 2014. It includes the mission, vision, and profiles of both banks. The financial statements included are the balance sheet, profit and loss account, and cash flow statement for each bank for the year ending 2014. In the final chapter, a comparison of key financial metrics between the two banks such as total capital, total assets, total deposits, and various returns and ratios is presented.
This report analyzes the investment policy and activities of Al-Arafah Islami Bank Ltd, specifically their Natun Bazar Baridhara branch. It provides an overview of the bank's capital position, management structure, 5-year financial highlights, and the branch's deposit and investment performance from 2014-2016. The report also describes the bank's investment practices, including the mechanisms and modes of investment, special investment schemes, and sector allocation. PEST and SWOT analyses are also provided to evaluate the external and internal factors impacting the bank.
The Investment and Comprehensive Performance Analysis of Commercial Bank. A c...Fayshal Hossan Miazy
This internship report provides an overview and analysis of Al-Arafah Islami Bank Ltd (AIBL) in Bangladesh. The report contains three parts:
1. An organizational overview of AIBL, including its vision, mission, management structure, Shariah board, and branches.
2. An analysis of AIBL's investments using different Islamic financing modes like Bai, Leasing, and Mudaraba. Sector-wise investments are also discussed.
3. A research section analyzing clients' views and satisfaction with AIBL's products and services.
The report aims to provide information on AIBL's operations and investments to help evaluate its performance and identify areas for improvement. Primary
This document discusses a study on improving customer satisfaction of the transport/car loan facility at Al-Arafah Islami Bank Limited (AIBL) in Bangladesh. It provides background information on AIBL, outlines the objectives and methodology of the research, which included collecting data through interviews and questionnaires. The document also reviews literature on factors influencing customer satisfaction in the banking industry. The study aims to identify key aspects that satisfy customers regarding car loans and gain insights about AIBL's loan system.
This document provides background information on Al-Arafah Islami Bank Limited (AIBL), one of the leading Islamic commercial banks in Bangladesh. It discusses AIBL's historical background, including its founding in 1995. It outlines some of AIBL's special characteristics as an Islamic bank, such as operating according to Islamic sharia law and distributing a portion of profits to depositors annually. The document also provides a brief overview of the Islamic banking movement in Bangladesh that led to the establishment of banks like AIBL.
The document appears to be an internship report submitted to a professor at Asian University of Bangladesh. It discusses an internship conducted at Al-Arafah Islami Bank Limited (AIBL) in Bangladesh. The report provides an overview of AIBL's organizational structure, products and services, branch banking operations, investment activities, credit risk assessment procedures, and concludes with findings and recommendations from the internship. Key points covered include AIBL's mission, vision, branches, hierarchy, deposit and investment products, general banking procedures, import/export processes, foreign exchange, letter of credit operations, and investment decision making criteria.
This document summarizes an internship report on the investment management of Al-Arafah Islami Bank Limited's Gulshan branch. The report aims to analyze the bank's investment approval process, risk assessment system, existing investment risks, and ways to improve performance. Data was collected through employee interviews, observation, and reviewing internal and external documents over a two-month internship period. The summary identifies some of the bank's current investment procedures and terms, as well as recommendations to streamline approval processes, increase qualified staff, and expand educational investment programs.
Internship Report on Deposit and Investment Management of Al-Arafah Islami Ba...Siyam Hossain
This chapter introduces the internship report. The report was prepared based on a three-month internship at Al-Arafah Islami Bank Limited to fulfill the requirements for a BBA degree. The report focuses on deposit and investment management at AIBL. The objectives are to understand AIBL's deposit and investment policies and strategies. The study aims to evaluate deposit and investment growth and make recommendations for improvement. Primary and secondary data was collected through observation, interviews and reviewing company documents.
Financial Performance Evaluation of Al-Arafah Islami Bank Limited.Rizwan Khan
Southeast Bank Limited's financial performance over 2010-2014 is analyzed using various ratios. The current ratio declined from 1.52 to 1.24, indicating current assets are not sufficiently covering current liabilities. Net profit margin decreased from 32% to 33%, while return on assets increased slightly from 2.26% to 1.67% and return on equity from 19.41% to 16.51%, showing mixed profitability. Cost to income ratio improved significantly from 70.04% to 57.96%, but was still higher than industry averages, indicating room for improving operational efficiency. Overall, the bank showed steady but moderate financial growth and performance during the period.
Internship report on electronic banking activities of Rupali Bank Ltd._2018_I...ImranSheikh72
This document is BorhanUddinChowdhury's internship report submitted to the Department of Accounting and Information Systems at the University of Rajshahi. It assesses the electronic banking activities of Rupali Bank Limited's RUET branch in Rajshahi. The report contains 7 chapters, including an introduction describing the objectives and methodology of the study, an overview of Rupali Bank and the RUET branch, an analysis of electronic banking services offered, outcomes of the internship program, and conclusions with recommendations. The primary objective is to observe and assess the overall e-banking activities at the RUET branch to evaluate implementation and customer satisfaction of services.
Internship report on Investment Management: Evidence from Al-Arafah Islami Ba...Abdullah Al Roman
Internship report on investment management of al arafah islami bank ltd.
Main limitation of this report is from last years it does not publish category wise investment amount with more specification like previous year, only because of this it will little help to have a thesis on iInvestment of Al-Arafah Islami Bank Ltd.
This document provides background information on a study of the foreign exchange performance of Shahjalal Islami Bank Ltd. It discusses the objectives of the report, which are to evaluate the bank's foreign exchange services including import, export, remittance and to identify any problems and provide suggestions. The methodology, sources of data, scope and limitations of the study are also outlined. It then provides an overview of the company including its mission, vision and features to give context to the foreign exchange analysis that will be presented.
An Internship Report On Investment Management Analysis of Al-Arafah Islami Ba...Mahfuz Hasan
An Internship Report On
Investment Management Analysis of Al-Arafah Islami Bank Ltd.
Executive Summary
The first chapter shows different aspects of the report like a brief introduction, origin
of the report, statement of the Issue, objectives, significance, methodology &
limitations of the study. Second chapter shows a brief company overview. In this
section different important data about Al-Arafah Islami Bank Limited is provided.
Background, vision, mission, commitments, special features, product line,
organogram of AIBL and some other necessary company related information is
provided in this chapter.
The third chapter is about literature review. In this chapter I described the investment
management policy, department, objectives, strategies, importance, under Islami
Sharia.
The fourth chapter is the most important chapter of this report. Chapter 4 describes
investment management Analysis & performance of AIBL showed current investment
position of the bank and some previous records. I also described Sharia concept about
investment of the bank. There is a detailed description about their investment products
so that their managing strategy could be understood more clearly.
Finally, in the last chapter I stated some recommendations for the
improvement of the bank and then the conclusion has been made.
The purpose of this report is to the performance activities of the Bank of Khyber Islamic Banking Branch Chakdara and BoK overall performance and its HR Policies and organizational structure as well. According to my findings BoK chain of command is chairman BoK is the upper most position and there are many directors under that chairman then chief executive senior president then executive vice president and this hierarchy is going to end at non clerical staff.
In this report we analyze different HR Policies of Bank of Khyber including selection of employees, categories of staff, compensation, promotion, transfer, leave, disciplinary rules and different penalities related policies of the bank, we have certain findings and recommendation for that at end of report.
1) The document discusses a report submitted by a group of 5 students from Bangladesh Islami University on their internship at Al-Arafah Islami Bank Ltd, focusing on the bank's foreign exchange operations.
2) Al-Arafah Islami Bank Ltd was established in 1995 based on Islamic principles of banking from the Quran and hadrapid growth in deposits, investments, income and profits between 2012-2014.
3) The students' internship objectives were to gain practical experience in areas like banking operations and customer service, and to understand how theoretical concepts are applied in practice.
Customer satisfaction of al arafah islami bank ltdSheikh Rakin
This document is an internship report submitted to Daffodil International University on customer satisfaction at Al-Arafah Islami Bank Ltd. It includes an introduction outlining the objectives to evaluate staff service quality, convenient banking hours and customer care. The methodology section describes conducting a survey of 100 customers using a questionnaire on reliability, responsiveness, assurance, empathy and tangibles. The report also acknowledges contributions from supervisors and bank employees who provided support and information.
Report on Foreign exchange procedures of al arafah islami bank ltdAsad Saimon
Al-Arafah Islami Bank Limited.it will give a wide view of different stages of operational procedure of Al-Arafah Islami Bank Limited, starting from the investment application to investment disbursement and the comparison between standard and existing credit appraisal system of a Bank.
The document is an internship report submitted by Mariam Jahan Nipun to her professor regarding her internship at First Security Islami Bank Limited (FSIBL). The report contains an introduction, objectives of the study, methodology, limitations and various chapters on FSIBL's profile, history, Islamic banking principles, management structure, and different modes of investment including Bai, Mudarabaha, Musharaka and Ijarah. The report also includes annual reports of FSIBL from 2009-2012 and findings on FSIBL's investment trends, financial stability and SWOT analysis.
United Commercial Bank Limited (UCBL) is one of the largest banks in Bangladesh, incorporated in 1983. It has 187 branches across the country and over 3,400 employees. UCBL's vision is to be the bank of first choice by maximizing value for clients, shareholders, and employees. The document discusses UCBL's business activities, management structure, strengths like its large branch network, weaknesses like lack of long term strategies, and opportunities to introduce new products and better serve customers. It also provides recommendations on how UCBL can improve, such as establishing more ATMs and emphasizing advertising.
For the fulfillment of internship procedure the report had been made on Human Resource Management practices of Al-Arafah Islami Bank LTD. I used the information from several sources, websites etc.
This document is an internship report submitted by MD. Sadid Al Saharea to the ULAB School of Business in partial fulfillment of the requirements for a Bachelor of Business Administration degree. The report provides a case study of the foreign exchange operations of Mutual Trust Bank Ltd, where the author completed their internship. The report includes an introduction outlining the objectives and methodology, a review of relevant theoretical concepts, an analysis of MTB's foreign exchange performance and operations based on the author's experience and findings from their internship, and concluding recommendations. Foreign exchange is an important business line for MTB, facilitating import, export, and remittances to aid economic growth and development.
Ringkasan presentasi Ruli Setiawan dari HR Recruitment Auraluxe Indonesia adalah sebagai berikut:
(1) Presentasi membahas proses rekrutmen perusahaan yang meliputi perencanaan kebutuhan SDM, standar prosedur seleksi, dan rencana peningkatan proses rekrutmen; (2) Proses rekrutmen meliputi identifikasi kualifikasi kandidat, seleksi administrasi, tes psikotes dan wawancara, serta penandatanganan kontrak kerja; (3) Perus
The document discusses three Philippine Supreme Court cases related to labor and election laws:
1) JMM v NLRC (1993) addressed whether an employer was still required to post an appeal bond despite posting other surety bonds. The Court held that the appeal bond served a different purpose from the other bonds and was still required.
2) Mateo Casela v. Court of Appeals involved whether a motion for execution of a writ was time-barred. The Court excluded time periods where execution was suspended and found the motion was timely.
3) Datu Michael Abas Kida v. Senate of the Philippines concerned the constitutionality of resetting ARMM elections. The Court upheld the new law,
The Investment and Comprehensive Performance Analysis of Commercial Bank. A c...Fayshal Hossan Miazy
This internship report provides an overview and analysis of Al-Arafah Islami Bank Ltd (AIBL) in Bangladesh. The report contains three parts:
1. An organizational overview of AIBL, including its vision, mission, management structure, Shariah board, and branches.
2. An analysis of AIBL's investments using different Islamic financing modes like Bai, Leasing, and Mudaraba. Sector-wise investments are also discussed.
3. A research section analyzing clients' views and satisfaction with AIBL's products and services.
The report aims to provide information on AIBL's operations and investments to help evaluate its performance and identify areas for improvement. Primary
This document discusses a study on improving customer satisfaction of the transport/car loan facility at Al-Arafah Islami Bank Limited (AIBL) in Bangladesh. It provides background information on AIBL, outlines the objectives and methodology of the research, which included collecting data through interviews and questionnaires. The document also reviews literature on factors influencing customer satisfaction in the banking industry. The study aims to identify key aspects that satisfy customers regarding car loans and gain insights about AIBL's loan system.
This document provides background information on Al-Arafah Islami Bank Limited (AIBL), one of the leading Islamic commercial banks in Bangladesh. It discusses AIBL's historical background, including its founding in 1995. It outlines some of AIBL's special characteristics as an Islamic bank, such as operating according to Islamic sharia law and distributing a portion of profits to depositors annually. The document also provides a brief overview of the Islamic banking movement in Bangladesh that led to the establishment of banks like AIBL.
The document appears to be an internship report submitted to a professor at Asian University of Bangladesh. It discusses an internship conducted at Al-Arafah Islami Bank Limited (AIBL) in Bangladesh. The report provides an overview of AIBL's organizational structure, products and services, branch banking operations, investment activities, credit risk assessment procedures, and concludes with findings and recommendations from the internship. Key points covered include AIBL's mission, vision, branches, hierarchy, deposit and investment products, general banking procedures, import/export processes, foreign exchange, letter of credit operations, and investment decision making criteria.
This document summarizes an internship report on the investment management of Al-Arafah Islami Bank Limited's Gulshan branch. The report aims to analyze the bank's investment approval process, risk assessment system, existing investment risks, and ways to improve performance. Data was collected through employee interviews, observation, and reviewing internal and external documents over a two-month internship period. The summary identifies some of the bank's current investment procedures and terms, as well as recommendations to streamline approval processes, increase qualified staff, and expand educational investment programs.
Internship Report on Deposit and Investment Management of Al-Arafah Islami Ba...Siyam Hossain
This chapter introduces the internship report. The report was prepared based on a three-month internship at Al-Arafah Islami Bank Limited to fulfill the requirements for a BBA degree. The report focuses on deposit and investment management at AIBL. The objectives are to understand AIBL's deposit and investment policies and strategies. The study aims to evaluate deposit and investment growth and make recommendations for improvement. Primary and secondary data was collected through observation, interviews and reviewing company documents.
Financial Performance Evaluation of Al-Arafah Islami Bank Limited.Rizwan Khan
Southeast Bank Limited's financial performance over 2010-2014 is analyzed using various ratios. The current ratio declined from 1.52 to 1.24, indicating current assets are not sufficiently covering current liabilities. Net profit margin decreased from 32% to 33%, while return on assets increased slightly from 2.26% to 1.67% and return on equity from 19.41% to 16.51%, showing mixed profitability. Cost to income ratio improved significantly from 70.04% to 57.96%, but was still higher than industry averages, indicating room for improving operational efficiency. Overall, the bank showed steady but moderate financial growth and performance during the period.
Internship report on electronic banking activities of Rupali Bank Ltd._2018_I...ImranSheikh72
This document is BorhanUddinChowdhury's internship report submitted to the Department of Accounting and Information Systems at the University of Rajshahi. It assesses the electronic banking activities of Rupali Bank Limited's RUET branch in Rajshahi. The report contains 7 chapters, including an introduction describing the objectives and methodology of the study, an overview of Rupali Bank and the RUET branch, an analysis of electronic banking services offered, outcomes of the internship program, and conclusions with recommendations. The primary objective is to observe and assess the overall e-banking activities at the RUET branch to evaluate implementation and customer satisfaction of services.
Internship report on Investment Management: Evidence from Al-Arafah Islami Ba...Abdullah Al Roman
Internship report on investment management of al arafah islami bank ltd.
Main limitation of this report is from last years it does not publish category wise investment amount with more specification like previous year, only because of this it will little help to have a thesis on iInvestment of Al-Arafah Islami Bank Ltd.
This document provides background information on a study of the foreign exchange performance of Shahjalal Islami Bank Ltd. It discusses the objectives of the report, which are to evaluate the bank's foreign exchange services including import, export, remittance and to identify any problems and provide suggestions. The methodology, sources of data, scope and limitations of the study are also outlined. It then provides an overview of the company including its mission, vision and features to give context to the foreign exchange analysis that will be presented.
An Internship Report On Investment Management Analysis of Al-Arafah Islami Ba...Mahfuz Hasan
An Internship Report On
Investment Management Analysis of Al-Arafah Islami Bank Ltd.
Executive Summary
The first chapter shows different aspects of the report like a brief introduction, origin
of the report, statement of the Issue, objectives, significance, methodology &
limitations of the study. Second chapter shows a brief company overview. In this
section different important data about Al-Arafah Islami Bank Limited is provided.
Background, vision, mission, commitments, special features, product line,
organogram of AIBL and some other necessary company related information is
provided in this chapter.
The third chapter is about literature review. In this chapter I described the investment
management policy, department, objectives, strategies, importance, under Islami
Sharia.
The fourth chapter is the most important chapter of this report. Chapter 4 describes
investment management Analysis & performance of AIBL showed current investment
position of the bank and some previous records. I also described Sharia concept about
investment of the bank. There is a detailed description about their investment products
so that their managing strategy could be understood more clearly.
Finally, in the last chapter I stated some recommendations for the
improvement of the bank and then the conclusion has been made.
The purpose of this report is to the performance activities of the Bank of Khyber Islamic Banking Branch Chakdara and BoK overall performance and its HR Policies and organizational structure as well. According to my findings BoK chain of command is chairman BoK is the upper most position and there are many directors under that chairman then chief executive senior president then executive vice president and this hierarchy is going to end at non clerical staff.
In this report we analyze different HR Policies of Bank of Khyber including selection of employees, categories of staff, compensation, promotion, transfer, leave, disciplinary rules and different penalities related policies of the bank, we have certain findings and recommendation for that at end of report.
1) The document discusses a report submitted by a group of 5 students from Bangladesh Islami University on their internship at Al-Arafah Islami Bank Ltd, focusing on the bank's foreign exchange operations.
2) Al-Arafah Islami Bank Ltd was established in 1995 based on Islamic principles of banking from the Quran and hadrapid growth in deposits, investments, income and profits between 2012-2014.
3) The students' internship objectives were to gain practical experience in areas like banking operations and customer service, and to understand how theoretical concepts are applied in practice.
Customer satisfaction of al arafah islami bank ltdSheikh Rakin
This document is an internship report submitted to Daffodil International University on customer satisfaction at Al-Arafah Islami Bank Ltd. It includes an introduction outlining the objectives to evaluate staff service quality, convenient banking hours and customer care. The methodology section describes conducting a survey of 100 customers using a questionnaire on reliability, responsiveness, assurance, empathy and tangibles. The report also acknowledges contributions from supervisors and bank employees who provided support and information.
Report on Foreign exchange procedures of al arafah islami bank ltdAsad Saimon
Al-Arafah Islami Bank Limited.it will give a wide view of different stages of operational procedure of Al-Arafah Islami Bank Limited, starting from the investment application to investment disbursement and the comparison between standard and existing credit appraisal system of a Bank.
The document is an internship report submitted by Mariam Jahan Nipun to her professor regarding her internship at First Security Islami Bank Limited (FSIBL). The report contains an introduction, objectives of the study, methodology, limitations and various chapters on FSIBL's profile, history, Islamic banking principles, management structure, and different modes of investment including Bai, Mudarabaha, Musharaka and Ijarah. The report also includes annual reports of FSIBL from 2009-2012 and findings on FSIBL's investment trends, financial stability and SWOT analysis.
United Commercial Bank Limited (UCBL) is one of the largest banks in Bangladesh, incorporated in 1983. It has 187 branches across the country and over 3,400 employees. UCBL's vision is to be the bank of first choice by maximizing value for clients, shareholders, and employees. The document discusses UCBL's business activities, management structure, strengths like its large branch network, weaknesses like lack of long term strategies, and opportunities to introduce new products and better serve customers. It also provides recommendations on how UCBL can improve, such as establishing more ATMs and emphasizing advertising.
For the fulfillment of internship procedure the report had been made on Human Resource Management practices of Al-Arafah Islami Bank LTD. I used the information from several sources, websites etc.
This document is an internship report submitted by MD. Sadid Al Saharea to the ULAB School of Business in partial fulfillment of the requirements for a Bachelor of Business Administration degree. The report provides a case study of the foreign exchange operations of Mutual Trust Bank Ltd, where the author completed their internship. The report includes an introduction outlining the objectives and methodology, a review of relevant theoretical concepts, an analysis of MTB's foreign exchange performance and operations based on the author's experience and findings from their internship, and concluding recommendations. Foreign exchange is an important business line for MTB, facilitating import, export, and remittances to aid economic growth and development.
Ringkasan presentasi Ruli Setiawan dari HR Recruitment Auraluxe Indonesia adalah sebagai berikut:
(1) Presentasi membahas proses rekrutmen perusahaan yang meliputi perencanaan kebutuhan SDM, standar prosedur seleksi, dan rencana peningkatan proses rekrutmen; (2) Proses rekrutmen meliputi identifikasi kualifikasi kandidat, seleksi administrasi, tes psikotes dan wawancara, serta penandatanganan kontrak kerja; (3) Perus
The document discusses three Philippine Supreme Court cases related to labor and election laws:
1) JMM v NLRC (1993) addressed whether an employer was still required to post an appeal bond despite posting other surety bonds. The Court held that the appeal bond served a different purpose from the other bonds and was still required.
2) Mateo Casela v. Court of Appeals involved whether a motion for execution of a writ was time-barred. The Court excluded time periods where execution was suspended and found the motion was timely.
3) Datu Michael Abas Kida v. Senate of the Philippines concerned the constitutionality of resetting ARMM elections. The Court upheld the new law,
The document summarizes the findings of a case study on guidance professionals' awareness and understanding of the National Framework of Qualifications (NFQ) in Ireland. It finds that:
1) Guidance professionals working directly with learners, such as career advisors and school counselors, have the strongest awareness and understanding of the NFQ levels relevant to their work.
2) Adult learners and secondary students have varying awareness depending on their engagement with education, with adult learners seeking to understand where their prior learning fits on the NFQ.
3) National organizations like FETAC, FÁS, and the NCGE have taken steps to implement the NFQ within their programs and guidance. However,
Este documento presenta dos casos de aprendices del SENA. En el primer caso, Federico necesita un carné para visitar una empresa como parte de su formación, pero no ha recibido uno. En el segundo caso, Nicolás quiere recibir retroalimentación de su tutor sobre su progreso, pero el tutor se niega a dársela. El documento analiza cada caso basado en el Reglamento de Aprendices del SENA.
Omar Royster is an experienced aircraft electrician seeking a position utilizing his management and troubleshooting skills. He has over 6 years of experience in the U.S. Army maintaining and repairing electrical, avionics, and weapons systems on Apache helicopters. Most recently he has worked for Lockheed Martin resetting and repairing AH-64D helicopters.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms for those who already suffer from conditions like anxiety and depression.
In-Sync Exotics is a wildlife rescue and educational center in Wylie, Texas dedicated to rescuing neglected, abused, and unwanted exotic felines. Their strategic plan outlines objectives to grow their social media presence and increase visitors through targeted media outreach and volunteer recruitment. The document also includes an organizational overview, communication audit, social media calendar, and media contact list to support their outreach goals.
Modifican el reglamento del procedimiento de fiscalización de la SUNATYanira Becerra
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Internship report on foreign trade division of ab bankWINNERbd.it
This 3-sentence summary provides the key details from the internship report document:
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An analysis of general banking activitieszahurul88
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Intership Report on Foreign exchange procedures of al arafah islami bank ltdAsad Saimon
Al-Arafah Islami Bank Ltd (AIBL) is one of the largest Banks in Bangladesh. Day by day AIBL has become a giant in the banking sector. It has two main divisions of operation-Corporate and General/Consumer Banking.
This document provides an internship report on retail banking activities at Union Bank Limited in Bangladesh. It includes an introduction outlining the report's objectives and methodology. It also provides an overview of Union Bank, including its profile, vision, mission, products and services. The analysis and evaluation section examines Union Bank's retail banking department and its various services like deposits, remittance, accounts, loans, and others. It concludes with findings from the internship and recommendations.
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This document summarizes an internship presentation on the general banking operations of Pubali Bank Limited's Sitakunda Branch in Chittagong, Bangladesh. The presentation covers the bank's background, objectives of the study, methodology, limitations, company profile, products/services, SWOT analysis, key banking functions and departments, performance analysis of accounts and deposits over 2015-2019, and findings. It finds that while the number of accounts and deposit amounts have grown overall, remittances and profits fluctuated year to year, with profits declining in some years.
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Habib Esmail, founder of Habib Group, started his career in Bombay at the age of 13
Habib Bank Limited was established in Bombay in 1841 by the sons of Habib Esmail.
The bank had over 528 branches operating in Pakistan at the time of partition.
Analysis of customer satisfaction in banking sector of jammu & kashmir bankShami Zama
This document provides information about a summer training report submitted by a student to fulfill the requirements of a Bachelor of Business Administration degree. It includes sections on certification, acknowledgements, an executive summary, table of contents, and the beginning of chapter 1 which provides a profile of Jammu & Kashmir Bank, the organization studied. The profile describes the bank's history, establishment, growth, operations, and services including technology applications and delivery channels like ATMs, internet banking, and SMS banking.
This document provides an overview of stock market basics in India. It discusses the key concepts needed to start investing in stocks, including opening trading, demat, and bank accounts. Some key points covered include:
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This document is a research paper assessing the loan and advance processing practice of Abay Bank in Debre Markos, Ethiopia. It includes an introduction outlining the background and objectives of the study. The first chapter provides context on banking and loans. It identifies problems with Abay Bank's loan processing and non-performing loans. The second chapter reviews relevant literature on banking history, types of banks and loans. It explores Abay Bank's functions and types of loan accounts. The research methodology and data analysis plan are described. In conclusion, the study aims to evaluate Abay Bank's loan processing practices and identify ways to improve effectiveness and reduce non-performing loans.
The document provides an overview of Al-Arafah Islami Bank Ltd., including its history, vision, mission, management structure, capital structure, deposits, loans, investments, profits, import/export business, and foreign remittances. Key facts include that the bank was established in 1995, has over 50,000 shareholders, and saw strong growth between 2014-2018 in deposits, investments, imports, exports, and other financial indicators.
This document summarizes ordinances and resolutions passed by local governments in Palawan, Philippines regarding the banning of shipping live fish and lobsters outside of Puerto Princesa City and prohibiting the catching, selling, and shipping of certain marine organisms from Palawan waters. Specifically, it summarizes Ordinance No. 15-92 passed by Puerto Princesa City banning the shipping of all live fish and lobsters outside the city from 1993 to 1998 with some exemptions. It also summarizes Office Order No. 23 implementing the city ordinance. Lastly, it summarizes Resolution No. 33 and Ordinance No. 2 passed by the Sangguniang Panlalawigan (Provincial Council) of Pal
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The simplified electron and muon model, Oscillating Spacetime: The Foundation...RitikBhardwaj56
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Strategies for Effective Upskilling is a presentation by Chinwendu Peace in a Your Skill Boost Masterclass organisation by the Excellence Foundation for South Sudan on 08th and 09th June 2024 from 1 PM to 3 PM on each day.
Your Skill Boost Masterclass: Strategies for Effective Upskilling
50852002 abl-study-final-doc-12-04-2006
1. Branch Operations
Case Study
Document ID: ABL Branch Study
Proprietary and Confidential Information
Allied Bank Limited
Lahore, Pakistan
By
Ibrahim Software
2. Document & Data Control
1. Project Information
Customer: Allied Bank Limited
Project: Typical Branch Operations Study
2. Document Information
Name: ABL Branch Study
Version: 1.0
Author(s): Sohail Aziz, Ijaz Ajmal, Nauman-ul-Haq
Approver(s): Mujahid Ali
Creation Date: 7th
April 2006
3. Revision History
Author Date Version Description
3. ABL Typical Branch Operations Study
Table of Contents
Overview.............................................................................................................................3
Facilities visited..................................................................................................................3
Organization Structure ............................................................................................4
1. General banking.............................................................................................................5
1.1 Account Opening Formalities.....................................................................................5
1.2 Account Opening & Maintenance Process................................................................5
1.3 ATM Card Issuance..................................................................................................18
1.4 Cash Deposit...............................................................................................................19
1.5 Cash Withdrawal.......................................................................................................21
1.6 Physical Cash Management......................................................................................23
1.7 Bills..............................................................................................................................27
1.8 Clearing......................................................................................................................33
1.9 Outward / Inward Bills for Collection (OBC/IBC)................................................38
1.10 Transfers...................................................................................................................40
1.11 Online Transactions.................................................................................................40
1.12 Term Deposit............................................................................................................43
1.13 Inter Branch Transactions (Pak Account)............................................................47
1.14 ATM Operations......................................................................................................48
1.15 Locker Operations...................................................................................................49
1.16 Utility Bills................................................................................................................52
1.17 Prize Bonds...............................................................................................................53
1.18 General Accounts.....................................................................................................54
1.19 General Processes....................................................................................................55
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4. ABL Typical Branch Operations Study
2 Finances.........................................................................................................................62
2.1 Advances ....................................................................................................................63
2.2 Imports........................................................................................................................64
2.3 Exports........................................................................................................................65
2.4 Credit Application Package......................................................................................66
2.5 Credit Approval.........................................................................................................72
2.6 Credit Administration Department (CAD).............................................................76
3 Home Remittance Cell (HRC).....................................................................................82
3.1 Remittances Processing.............................................................................................82
3.2 MIS Reporting ..........................................................................................................83
4 Central Processing........................................................................................................85
4.1 Nostro Account Reconciliation.................................................................................85
4.2 Pak Account Reconciliation......................................................................................87
4.3 Allied Bank Rupee Travelers Cheque......................................................................87
5 Alternate Delivery Channels........................................................................................88
5.1 ATM Card Generation.............................................................................................88
5.2 Call Center.................................................................................................................89
5.3 SWIFT .......................................................................................................................90
6 Special Asset Management (SAM)..............................................................................92
7 Manual Registers..........................................................................................................93
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5. ABL Typical Branch Operations Study
Overview
This document is based upon the study conducted to analyze the business processes and
practices being followed at a typical branch of Allied Bank. We have taken Allied Bank’s
Kashmir Road Branch as a “model branch” and have tried to cover maximum areas and
functions which exist within daily routine of Branch Operations.
Purpose of this study was to go through the existing business processes to identify the
room for improvements and Business Process re-engineering with the use of Information
Technology and specifically software systems e.g. introduction of workflows, integration
of information and centralization of database
Facilities visited
a. Kashmir Road Branch, Lahore
b. Nappier Road Branch, Lahore
c. CAD Office, Upper Mall, Lahore
d. FI, Cash Management, Trade Tower, Karachi
e. Central Processing (ABRTC, Reconciliation),Trade Tower, Karachi
f. ADC (SWIFT Center, ATM, Call Center),Central Office, Karachi
g. HRC, Saima Trade Tower, Karachi
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6. ABL Typical Branch Operations Study
Organization Structure
ALLIED BANK LIMITED
Board of Directors
Audit
Committee
Chief Audit
Officer
Corporate &
Investment
Banking
Investment
Banking
Syndication
& Commodity
Leasing
Cash
Management/
Financial
Institutions/
NEW IPOs
CAMLO
CCD Heads
North/Central/
South
Compliance
and Control
Staff Fin.
And Salary
Management
Development
D.A.C
Planning &
Performance
Human
Resources
President
Coordinator
Regional
Corporate
Heads (5)
RMs
Personnel
Emp.Funds&
Benefits
Regional
CCD Heads
O & M
TROPS
Central
Processing
SWIFT
Operations
Establishment
Trade Factory
Alternate
Delivery
Channels
Processing
Commercial
& Retail
Banking
Liability,
Agriculture
and
Coordination
Operation
Heads
North/Central/
South
Regional
Commercial
Heads(27)
Commercial
Heads
North/Central/
South
Regional
SAM
Managers
Sales Team
(RMs)
Branches
Car Financing
House Fin.
Product
Cards
Personal Fin.
Product
Consumer
Banking
New Products
Development
Treasury
Front Off.
Capital
Market
Treasury
Legal Affairs
Corporate &
Commercial
SAM
Special
Assets
Management
Regional
Retail Risk
Heads (8)
Credit Risk
Architecture
Portfolio
Management
Corporate/FI
Risk
Risk
Management
Head
Commercial &
Retail Risk
Operational
Risk
Country CAD
Market Risk
Regional
CADs(8)
Corporate
Affairs
Financial &
Regulatory
Reporting
Finance
Management
Reporting
SW Dev. &
Support
Office
Automation
I.T.
Operations
Information
Technology
I.T Security
Networking
Corporate
Image/Ads/
Sports
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7. ABL Typical Branch Operations Study
1. General banking
1.1 Account Opening Formalities
To open an account, different set of documents is required, depending upon type of
account. For example, individuals and joint accounts require a valid Computerized
National Identity Card (CNIC) or passport to open an account. An introducer is required,
preferably from the same branch / bank to get a new account opened.
1.2 Account Opening & Maintenance Process
1.2.1 Account Types
The main accounts types in ABL are
In Pak Rupee
i. PLS Saving
ii. Current
iii. Premium Plus
iv. Term Account
In Foreign Currency
i. Saving
ii. Current
iii. Term Account
Foreign currency accounts can only be opened in US$, JPY, GBP and Euro.
1.2.2 Initial Deposit Limit
a. Account opening is considered as non-financial information in system; this can be
opened without even a single rupee. There is no initial deposit limit for account
opening.
b. As a matter of general practice, an initial deposit of Rs.500 is required for opening a
new account. However special accounts of Zakat Mustahqeen, widows etc can be
opened with Rs.100.
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8. ABL Typical Branch Operations Study
c. Initial deposit limit for foreign currency account is US $1,000. or equal amount in any
other currency.
Possible Improvements:
a. System should help in enforcement of initial deposit limit at the time of opening the
account, except for the accounts used by branch for its own certain requirements like
collection account etc.
b. Due to lower initial deposit limit, this is an observation of bank staff that those people
approach to get the account opened, who are not entertained by other banks due to
higher initial deposit limit. Mechanism needs to be defined to encourage the higher
initial deposit limit. As an example ABN AMRO does not provide cheque books to
the accounts holders having less then Rs.100,000 as an initial deposit at opening the
account. They encourage using ATM to small account holders.
1.2.3 Account Opening Forms (Package)
The account opening application package contains following forms in it:
a. Application Form (same for all types of accounts)
b. Signature Card(s)
c. ATM Form
d. KYC Form for Personal Accounts
e. KYC Form for Company Accounts
Account opening forms are physically placed in binder containing 50 to 70 forms and are
stored in strong room for the purpose of record, till undefined period. Proper inventory
management is not in place to handle this record.
Possible Improvements:
a. Lot of redundancy of information is there in different forms being used to collect
information. These forms should be made simple and more informative
b. There should be separate forms for Personal and Company Accounts
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9. ABL Typical Branch Operations Study
c. Proper Inventory Management should be introduced for maintaining the record of
account opening forms at branches.
Information in the main application form is as follows:
1.2.3.1 Account Number
a. Account number is mandatory and comprises of following information:
CC-TTT-NNNN-X
Currency-Type-Number-Check Digit
Different currency codes and separate TT for each currency and type of accounts are
defined in UniBank
b. “Account Opening/Closing Register” is used to record all accounts opened and
closed in branch. This register is audited by the auditors to verify the account opening
formalities.
c. “FC Account Opening/Closing Register” is used to record all accounts opened and
closed in branch.
d. System doesn’t provide next available account number, user have to check it
manually so that no number is skipped in between. A list of next 100 account
numbers along with “check digit” is maintained manually to cover this shortcoming
of system. This is applicable to both local and foreign currency accounts.
Possible Improvements:
a. In account numbering it is possible to have same account number for different
branches. It is suggested that account number should be unique within the bank, so
that there should be no issue, even in case if certain branches are merged together.
b. Also needs to devise a mechanism to eliminate multiple accounts of a single customer
of same type in a branch(s).
1.2.3.2 Photograph
a. As per current practice, photograph is required for identification of customer who
can’t sign and use thumb impression or customers whose signatures are simple and
can easily be copied.
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10. ABL Typical Branch Operations Study
b. Photograph is pasted on SS Card and account opening form. SS Card is scanned for
usage.
Possible Improvements:
a. System should have the provision to store photograph for customers / account
holder(s).
b. Biometrics scan of “thumb impression” should also be there so that identification of
client can be made within the centralized customer database. This technology is also
required as photographs of account holders become old dated, because no mechanism
is there to update photographs.
c. Customer should be encouraged to submit photographs. There should be some
mechanism to keep these photographs updated in the system.
1.2.3.3 Account Major Information (Account Title, NIC, Address)
a. Customer Name / Title information is mandatory in the system. There is fixed coding
scheme defined for Occupation or Business (Economic Sector, Line of Business).
Although this information is defined in the system but it is not being followed
properly by branches.
Possible Improvements:
a. Economic Sector, line of business usage should be properly conveyed to the branches.
Its usage can also be made mandatory.
b. Existing system does not have the provision to record more than one NIC number,
phone and address (either for business or home address).
c. System should provide a query to search account holder on the basis of CNIC and
Biometrics.
d. Multiple accounts of same type can be opened with the same CNIC. System should
prompt when same CNIC exists in database.
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11. ABL Typical Branch Operations Study
1.2.3.4 Minor’s information
a. For minor’s information, date of birth is mandatory for account opening. This can be
verified from B-Form, Birth certificate, matriculation certificate, passport or any one
of these documents. Father’s or Mother’s NIC is required for account opening and
can also be fed in the system.
b. When the minor reaches the age of 18, the account is closed for minor and new
account is opened up. The general practice is that branch people mention the maturity
date on signature card. There is no information of minor account in the system.
Possible Improvements:
a. There should be some option in the system to prompt or restrict user from withdrawal
when the minor reaches the age of 18, so that he/she can be asked to operate the
account on his / her own authority and the status of account can be updated
accordingly.
b. System should provide information on the basis of account type.
1.2.3.5 Operating Instructions
a. This information is used to define the operational authority of the account, weather it
can be operated singly, jointly, either or survivor etc. System does not have the
provision to store this information.
b. In general practice, these instructions are written on SS Card (Specimen Signature
Card) so that these can be referred at the time of withdrawal transactions.
Possible Improvements:
a. Operating instructions should be properly parameterized in new system for an online
referral to account details at counters for proper their implementation.
1.2.3.6 Zakat Deductions
a. There are two options for the customer:
i. Allows bank to deduct Zakat
ii. Customer submits an affidavit that he/she will pay Zakat by himself / herself.
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12. ABL Typical Branch Operations Study
b. Zakat deduction and computation feature is available in system for PLS saving
accounts and PPA operational account only. But the return submitted to SBP, routed
through COK is prepared manually.
Possible Improvements:
System should cater computation and deduction of Zakat from all applicable accounts.
Moreover the reporting requirements of SBP (product wise deduction of Zakat) should be
generated through system.
1.2.3.7 Address of Contact Person / Next of Kin Information
a. This information is gathered to ascertain the whereabouts of client. Incase of death of
account holder the claimer can claim up to Rs.30,000 by submitting an affidavit along
with other documents like death certificate. In case amount is above Rs.30,000,
succession certificate is also required along with other requirements.
Possible Improvement:
a. Next of kin information should be available in the system as currently manual form is
used for reference in case of any such requirement.
1.2.3.8 Special Instructions
a. There could be certain instructions from account holder that needs to be followed
while operating an account for example, if the Cheque amount is more then Rs.25,
000, then NIC should be taken from the drawer.
b. This information is hand written on SS Card and scanned for online referral, while
operating account.
Possible Improvements:
a. Special instructions should be properly parameterized in the new system for an online
referral to account details at counters for their proper implementation.
b. Special instructions and operating instructions should be placed in a sequence on
application form.
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13. ABL Typical Branch Operations Study
1.2.3.9 Specimen Signature Card
a. For scanning of signature cards, scanners are available at all branches. Cards are
scanned and made available at the terminals for withdrawal so that teller can verify
the signatures. Multiple cards against one account can be stored.
b. Cash Deposit in-charge is responsible for scanning and record keeping.
c. In addition to the signature following additional information, if required, is written /
pasted on it.
i. Minor’s information
ii. Operating Instructions
iii. Special Instructions
iv. Photograph
e. System provides the facility to change the SS Card on request from client.
1.2.3.10 Introducer
a. Introducer should have minimum one year old active account with the bank.
b. Verification is normally done through the client as he/she is asked to get it verified
from the respective branch of that introducer.
c. Introducer is only responsible for the genuineness of the client identity and address
information. In special cases introducer can be from other bank as well and the person
has to get his signature verified from that branch.
Possible Improvements:
a. System should store information of introducer
b. Account opening date and other information of Introducer (if he/she is from other
branch) should be available from new system for verification on request.
c. Letter of thanks should be automatically printed or emailed from system. System
should keep track of the status of posting of letters.
1.2.3.11 Authorized Personnel Information
a. In case of personal account, this information is duplicated on the form where as for
other accounts directors or authorized personnel information is stored
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14. ABL Typical Branch Operations Study
Possible Improvements:
a. The information regarding the authorized persons should be available in new system.
System should also cater partners, sole proprietor or director’s information.
1.2.3.12 Terms & Conditions
Possible Improvements:
a. System should help to identify / restrict the user to the clause 5 “mentioned on form”
that is “Only one account in a particular type can be opened in the same name within
same branch.
b. This is also important in ref to answer queries from different investigation agencies
e.g. NAB, which is interested to know the accounts opened against a given NIC.
1.2.3.13 Know Your Customer
a. There are two Performa’s available for KYC:
i. For Personal / Individuals Accounts (annexure A)
ii. For Company / Corporate Account (Annexure B)
b. Know Your Customer Form is an interview based Performa. It is mandatory and its
filling is audited by the audit department.
c. KYC form includes information of customer accounts with banks other than ABL.
d. System currently has one flag, which is to be enabled to indicate that all the KYC
information is captured manually
Possible Improvements:
a. This information can be made as part of main form, as most of the information is
already there, while missing fields can be incorporated within main form.
b. Signature should be made required for this, which can help in making information
authentic.
c. KYC information should be fed in the system.
d. KYC form should contain information of customer’s other accounts in other branches
of ABL.
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15. ABL Typical Branch Operations Study
e. In general practice, the form is filled by the bank staff on their own rather than asking
the account holder.
1.2.3.14 Cheque Book Issuance
a. Separate cheque book is issued for each type of account (Pak Rupee/Foreign
currency)
b. In normal procedure, cheque book is not issued at the time of opening of account. It is
provided later and a separate request form is used for this purpose.
c. Entries are made into “Cheque Books Issuance” manual register with
acknowledgement from receiver.
d. There are two options to get the cheque book issued:
i. In manual procedure, a hand written request is launched to COK, mentioning the
account numbers and Title of Account against which cheque book is required.
NIFT send these cheque books directly to branches after completing the
procedure with stationary wing at COK.
ii. The second option introduced recently is to raise the requisition through UniBank.
This requisition is received by Inventory department at COK and the cheque
books are then forwarded to respective branch through NIFT.
e. System maintains the records of last three cheque book series. If a cheque is
presented from a cheque book which is closed, then one active cheque book is closed
and related cheque book is activated by consulting the “cheque book register” from
where start cheque number and number of leaf information are taken.
f. To cancel multiple cheques within one cheque book, there is no range option
available to select multiple cheques; user has to do it one by one leaf.
Possible Improvements:
a. System should provide the track of authorized person responsible for issuance of
cheque book.
b. System should keep track of all received and issued cheque books.
c. The instructions on the requisition slip should be compared with other banks and
should be standardized.
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16. ABL Typical Branch Operations Study
d. All the cheques not presented should be available for withdrawal in new system
1.2.3.15 Profit Calculations
a. In PLS A/C, profit provisioning is done monthly on projected rates, decided at the
start of the periods (starting from Jan & July).
b. Profit is credited to the accounts periodically at the rate decided by the Bank. There
may be a difference between the projected and actual profit rates.
c. Withholding tax (i.e. 10%) is deducted from the profit after it is credited to accounts.
d. For PLS saving accounts profit calculation is made on the minimum balance available
from 7th
to end of each month. In case Account is closed before six months then the
client can claim the profit but it is generally not been claimed.
Possible Improvements:
a. System should provide an inquiry on profit provisioned against accounts.
b. Pay order of deducted withholding tax amount should also be generated by system.
Tax chalan of withholding tax should also be auto generated.
1.2.3.16 Dormant and Inactive Accounts
a. If the account is not operative up till six months then it becomes Dormant. If the
account is not operative for 2 years its status is converted to “Inactive”.
b. Transactions in Dormant/Inactive accounts are accepted in system by use of certain
level (authority).
c. Both the statuses can be reverted back to “Active”. For this an application is required
from the account holder to complete the process.
Possible Improvements:
a. System should provide reporting on dormant and inactive accounts.
b. After certain period, Zero balance accounts are automatically closed by UniBank.
Staff at branches is not very much aware of the process followed by the software in
this regard.
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17. ABL Typical Branch Operations Study
c. In general practice, if the account is dormant then the banker does not contact the
client. There should be a mechanism to inform customer in these cases.
1.2.3.17 Account Closing Process
a. To close an A/C, a written application is required along with the deduction / charges
of Rs.250.
b. Un-used leaves of cheque books need to be returned by the account holder. People
usually withdraw the entire amount and do not apply to close the account.
c. Account closing information is also updated in “Account Opening Register”
1.2.3.18 Deduction on Minimum Balance
A monthly deduction of Rs.50 is made from the accounts for maintaining average balance
less then Rs.10,000. This is done through the software and is not applicable on certain
accounts e.g. salaried, widows, pensioners and government employee’s accounts.
Following table shows picture of the data captured on account opening forms (package)
and incorporation of this information in existing system:
Account Opening Application Fields Status
Branch Code
Date
Account Number
Term Deposit Number
Type of Accounts
Pak. Rupees Account
Foreign Currency Account
Currency
Particulars of Accounts
Title of Account
Initial Deposit
N.I.C / Passport Number
Occupation / Business
Business Address
Account Opening Application Fields
Residence Address
National Tax Number
Tel (Off.)
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18. ABL Typical Branch Operations Study
Fax
Tel (Res.)
Mobile
E-mail
Particulars of Term Deposit
Amount Tendered for Term Deposit of
Period
Days
Months
Years
Roll over for same period
With / Without Profit
Instructions for disbursement of Profit
(Monthly, Quarterly, Half Yearly, Yearly, On Maturity)
Minor Info
Date of Birth of Minor
Date of Attaining Maturity
Name of Guardian
Operating Instructions
The Account shall be Operated by
Singly / Jointly
Either or Survivor / any one singly
Zakat Deduction
Yes / No
Address of Contact Person / Next of Kin
Name
Address
Telephone No.
Special Instructions
Other Bank Services to be used
On-line banking Facilities
ATM / Debit Card
Credit Card
Safe Deposit Lockers
Bank Account Statement (Monthly, Quarterly etc)
Introducer
Signature
Account No.
Branch
Banks
Name
Address
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19. ABL Typical Branch Operations Study
NIC No.
Tel (Off.)
Tel (Res.)
Mobile number
E-mail
Nature of Account (Individual, Partner Ship, etc.)
Personal Info of Authorized Persons to operate account
Name
S/O, D/O, W/O
NIC / Passport No.
Date of Birth
Nationality / Resident of
Occupation / Business
Name of Employer
Signature / Thumb Impression
Cheque book / Term Deposit Receipt Acknowledgement
Received Cheque book
Received Term Deposit Receipt No.
Date Customer Signature
Account Opening Authorized by
Signature
Name
IBS No.
Cheque Book Issued
Cheque Book No. From
Cheque Book No. To
Authorized Officer’s Signature
Term Deposit Receipt Issued
Term Deposit Receipt No.
Dated
Authorized Officer’s Signature
Acknowledgement
Name
Signature of Bank Official
Customer’s Signature
Right Thumb Impression
Left Thumb Impression
Allied Cash +
First Name
Sur Name
Mother’s Maiden Name / Key Word
Card #
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1.3 ATM Card Issuance
ATM issuance procedure contains following steps:
a. Customer fills in the additional Allied Cash + application Form. Except “mother
name” or “key word” all the information on this form is redundant to main account
opening form.(For ATM Card Generation Process, please refer to topic 4.4)
b. Once the card is received at branch, it is entered in the manual “ATM Issuance
Register”. The PIN information is received separately from card and usually with one
day’s delay
c. Customer approaches Manager Operation’s and acknowledges receipt by signing the
“ATM Issuance Register”.
d. In next step, customer approaches to Chief Manager for PIN Issuance and signs a
separate “ATM Pin Issuance Register”.
e. In last step the customer has to approach Manager Operation’s to get the ATM card
activated in system.
Possible Improvements:
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21. ABL Typical Branch Operations Study
a. System should hold complete ATM particulars of customer.
b. Procedure of ATM issuance should be hassle free like credit card, where customer
does not need to collect ATM card from branch. Phone banking or Internet banking
can be a thought for card activation and PIN Code generation as many banks are
using it now days.
c. Information on ATM form is same like account opening form except sur name and
mother name/key word. Missing information can be part of account opening form to
avoid dual information.
1.4 Cash Deposit
a. Deposit slips for PLS and Current Accounts are different (in color as well). There are
two portions of deposit slip, one portion is given to the depositor with cash received
stamp and the other is kept for bank record. In case of shortage of deposit slips,
photocopies are used.
b. All the cash deposit transactions are first written in manual register “Long Book for
Cash Deposit” and are then entered in to the system. For foreign currency accounts
“FC Long Book” is maintained
c. At the time of posting, a super code for transactions above Rs.10,000 is randomly
generated by the system, which is written on the voucher. This number is required at
the time of supervision of transaction.
d. Posting details are available on instrument while passing it through MICR (Magnetic
Ink Character Recognition) machine.
e. In case of mistake in filling the deposit slip i.e. wrong account number or account
title, bank retains the amount in “Sundry Account”. After that either the customer is
contacted or just waited to claim the amount. Amount is credited to account after
getting an application and a photocopy of counter part of deposit slip.
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22. ABL Typical Branch Operations Study
Possible Improvements:
a. Different deposit slips for Current and PLS Accounts can be made single (this
practice is being followed in other banks).
b. After introducing MICR, there should be no need to emboss stamps on instruments
like deposit slips and cheques.
c. Customer should leave counter when all system entry is done and a printing is made
by MICR, in this way long book can be discontinued.
d. Carbonized paper can be used for deposit slip to avoid double writing on counter
folio.
e. Due to absence of “Automated Token System”, usually a mess is created at teller
windows. Token system can help people to approach counter on their turn. Likewise,
utility bills counter can be different from general operations.
f. Limit of supervision entry can be enhanced.
g. By bringing the deposits related data feeding in real time mode, “Sundry Account
Register” can be discontinued.
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23. ABL Typical Branch Operations Study
h. Seating arrangements at cash counters should be such that document movement can
be made easy till supervision step.
1.5 Cash Withdrawal
a. Cheque is presented at teller window. The instrument is first verified by teller and
then by MICR machine, which helps in identification of fake instruments.
b. Cheque is then verified from the system for “availability of balance”, “signatures”
and operating instructions if any. Instrument is then put in MICR to print posting
details.
c. Transaction is posted in the system. In case amount is equal to or higher than
Rs.10,000, transaction is supervised by another officer.
d. Withholding tax is deducted for amounts above than Rs.25,000, which is calculated
manually at the moment.
e. At the time of cash receipts and payments, denomination details are written on the
back of instrument which is used for the verification of the amount.
f. Transaction is written in the “Cashier Payment Long Book”. For foreign currency
accounts, a separate “FC Long Book” is maintained
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Possible Improvements:
a. System should calculate withholding tax charges of cheque amount more than
Rs.25,000 (or any other applicable tax). In case of unavailability of balance in
account, provision to record the transaction should be there in system, so that the
amount should be auto deducted on availability of the balance.
b. In principle cash payments to customer should be made after transaction is supervised
in system.
c. Seating arrangements at cash counters should be such that document movement can
be made easy till supervision step.
1.5.1 Cheque Dishonor
a. In case of cheque dishonor, there is a memorandum of reasons to attach with the
cheque while returning it back to the presenter.
b. To record the returned cheque transaction and to get its acknowledgement from
customer “Cheque Return Register” is maintained. This also helps to record details of
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25. ABL Typical Branch Operations Study
deducted charges against dishonored cheques. Cheque return charges are Rs.200. per
instrument.
Possible Improvements:
System should maintain cheque return details like instrument number, date, amount,
return charges and reason.
1.6 Physical Cash Management
1.6.1 Cash Management at Branch
a. Every branch has certain limit approved for cash in hand which is insured as well.
Excess cash is transferred to main / controlling branch (Napier Road in this case). As
a practice minimum foreign currency is also maintained at branch. In case of any
inward clearing or withdrawals, foreign currency is arranged from main branch.
b. In case of excess cash retained at branch, a letter to regional office or directly to
insurance company for insurance coverage is written.
c. Within branch, both foreign currency and Pak rupee cash is placed in main safe,
located in strong room. Details of the amount taken In and Out are recorded each time
in a manual register “Cash In/Out register” with denomination details. Customer
Service Manager is responsible for cash in / out record and for reconciliation of
physical cash kept in main safe.
d. Daily cash reconciliation record is maintained in “Cashier Memo Book” with
denomination details. For reconciliation of foreign currency “FC Cashier Memo
Book” is maintained with currency and denomination details.
e. “Cashier Memo Book” contains information of cash closed on each day in following
details:
i. Unsorted Cash
ii. Sorted Cash (Issue able cash, Non - Issue able cash)
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26. ABL Typical Branch Operations Study
1.6.2 Cash Transfer
a. Every branch has got a limit approved and insured for retention of cash. In case of
shortage or excess of cash, the main branch is informed on phone to arrange
transportation (send / receive) of cash. during transportation, cash in-transit is also
insured.
b. Cash sent to main branch is categorized in two heads i.e. Sorted and Un-sorted.
Different stamps are used to identify both categories of cash.
c. “Cash in-`Transit” is credited during transfer and debited same day on receiving
advice from controlling branch. Its details are recorded in manual register “Cash in
Transit Register”.
Possible Improvements:
a. System should treat physical cash available within main safe as “inventory”. All In
and out transactions should be recorded in system so that physical cash can be auto
reconciled in proper denominations at end of each day. In this case “Cashier memo
book” and “Cash In/Out Register” can be discontinued
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27. ABL Typical Branch Operations Study
b. During cash transfer, cash in-transit transactions should be recorded and advices
should be generated through the system so that manual advices and “Cash in Transit
Register” can be discontinued.
c. Cash transfer should be made through system request rather to make a phone call or
fax to controlling branch. In this case proper documentation can also be maintained.
1.6.3 Cash Management at Main Branch
Main branch (Napier Road) is “Cash Chest” branch for Lahore and neighboring cities.
This branch is responsible to deliver cash, in case any branch request for cash shortage
and collects cash if any branch have excess cash than approved limit. This branch is also
responsible for transactions with SBP and other banks.
It covers 70 branches for its services. Cash transfer arrangements are made with Phoenix
security agencies. Currently branch has four vehicles, provided by Phoenix to serve all 70
branches.
1.6.3.1 Cash Transfer to Branches
a. Branches use fax or make a telephone call to main branch for cash requirement. If
amount is above than 0.5 million, then a counter signature of regional head is also
required.
b. Request details are maintained in “Intimation Register” with date and time.
c. “Cash Payment/Receipt Register” is maintained for cash transfers.
d. Due to shortage of vehicles Cash Chest Manager makes a route for cash delivery
(normally four routs to cover Lahore). Separate bags are maintained for each branch.
A seal is applied on each bag by Phoenix people and seal number is noted on
shipment document. Shipment document have three copies (one for main branch, one
for phoenix and one for receiving branch)
e. Van can carry maximum 200 million in a trip as per instruction of Phoenix. If more
than 200 million has to be transferred then main branch informs Phoenix and also to
insurance agency.
f. Private vehicle can not be used for cash transfers as per instructions
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28. ABL Typical Branch Operations Study
1.6.3.2 Cash Collection from Branches
a. In case of excess cash, branches make a telephone call to main branch (and security
agency, in certain cases) to send vehicle for cash collection.
b. Shipment document along with cash is received at cash chest and respective branch is
informed telephonically on receiving of cash. Pak account advice is sent to branch
through courier next day.
c. For cash in wallet “Cash Chest Book” is maintained with denomination details.
d. Main branch sorts the cash before submitting it to SBP. 15 cash sorters are dedicated
to this exercise.
e. “Cash Sorters Signature Register” is maintained with denomination details for cash
given and taken from sorters.
1.6.3.3 Cash Transfer to SBP and Reconciliation
a. Transactions related to clearing accounts with other banks, SBP penalties and
government institutions are made through SBP account.
b. “Cash Chest” can have maximum 150 million cash in wallet. Excess cash has to be
transferred to SBP. In case excess cash could not be transferred to SBP, information
has to be passed on to COK and insurance company.
c. “Cash in Transit” account is used during cash transfer to SBP and is credited to SBP
account on receipt of advice from SBP. “State Bank Register” is maintained to record
transactions with SBP.
d. At day end or next day morning account statement is received from SBP and
transactions are reconciled with register.
1.6.4 NIFT Operations
a. Main branch is also responsible for inward and outward clearing operations with
NIFT. An office is maintained at NIFT premises to coordinate the operations.
b. Printed advices are provided by NIFT to coordinating office from where these are
mailed to respective branches.
c. Fund Transfer to other banks is done by main branch through SBP account.
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Possible Improvements:
a. Cash Request should be from system in form of email or workflow. In this way
“Intimation register” maintained at main branch can be discontinued.
b. System should handle all accounting entries and advices made during cash transfer. In
this way movement of manual advices can also be eliminated.
c. Seeing the sensitivity of Cash Chest, security can also be enhanced by introducing
CCTV and RFIDs so that movement of irrelevant personnel can be tracked.
d. If cash is sorted by SBP then 35 rupees per packet is charged by SBP. This cost is
higher than sorting it in house. To reduce this cost branches should be advised to sort
cash before sending it to main branch. Cash sorting machines can also be used at
main branch to facilitate this process.
e. ABL should devise a procedure to collect clearing data digitally and upload it into
system as NIFT is providing data electronically to some banks.
1.7 Bills
- Demand draft
- Pay Order
- Deposit at Call (DAC)
- AB Rupee Travelers Cheques
- Telegraphic transfer / Mail transfer
1.7.1 Demand Draft
Demand draft is an instrument which is normally used in intercity transfer of funds.
“Foreign Currency Demand Draft” can be issued in any applicable currency, which is
normally used for overseas transfer of funds. Any account holder or non-account holder
can request for DD. This instrument is valid for 6 months from the date of issuance. “DD
Issued Register” is used to record issued instruments. On expiry, instrument’s issue date
can be extended on client request by bank. DD can be cancelled or stopped for payment
(Detail in next section).
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1.7.1.1 DD Payable
a. Entry is made in “DD Payable Register” on the receipt of advice and payment date is
written on presentation/payment of Instrument. Pak account is used for transfer of
funds.
b. For account holder Rs.100 or 0.05% (whichever is higher) is charged. For non-
account holder Rs.150 or 0.1% (whichever is higher) is charged.
1.7.1.2 DD Issuance
a. DD request slip is filled by customer and cash is deposited at cash counter. This slip
is forwarded to concerned person to make instrument. In case of cheque, direct
approach is made to relevant person for DD issuance.
b. Three DD formats are used in ABL with different colors.
Demand Draft <= 1000
Demand Draft <= 5000 and >1000
Demand Draft > 5000
There are two methods for instrument issuance:
1.7.1.2.1 Online Advice
a. Online advice for DD is made in two steps,
i. “DD Issue Account” is credited and cash or customer account is debited in
UniBank.
ii. DD payable account of responding branch is credited and DD issuance account of
originating branch is debited.
b. The only deciding factor for the success of online transaction is the health of the link
with drawn-on branch. IBR DD is written on the instrument for the identification of
instrument for online transfer.
c. In case DD advice is not transferred through online, a manual advice is sent to the
branch and reversal entry is made in UniBank to reverse the effect of online
transaction. Instrument is made manually as printing facility is not available in
existing system.
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1.7.1.2.2 Manual Advice
a. After handing over the instrument to customer, manual advice is posted in system and
sent to the drawn-on branch.
b. Test Code is applied which is an authentication mechanism used by bank on every
kind of inter-branch advice (debit / credit), having amount equal to or greater than
Rs.100,000.
c. Test code is a sum of two numbers which are derived separately by manager and
accountant by adding up certain parameters. Test code is decoded by the receiving
branch to authenticate the validity of instrument. The detail of parameters/segments
used in test code generation is as follows:
For Accountant For Manager
Amount Amount
Date Fix Number
Variable Number Variable Number
1.7.1.3 Cancellation
For cancellation of instrument, customer submits an application along with original
instrument mentioning the reason of cancellation and release from payee. Postage charges
and Rs.100 are charged from customer as cancellation charges. Pak account of drawn-on
branch is debited.
1.7.1.4 Duplicate
In case of lost of instrument, customer can request the Bank for stop payment against that
DD. In this case bank verifies that the DD is not yet paid by drawn-on branch. Fax or
phone is used for getting confirmation of stop payment. Indemnity bond from the
customer is also required. Duplicate DD is issued with same number after receiving
charges Rs.200. “Duplicate DD” is also mentioned on instrument.
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1.7.1.5 Balancing
Purpose of balancing exercise is to identify outstanding instruments against which funds
are received but not paid by the branch. Balancing exercise is conducted monthly for DD
payable at branch. ”Balance Book” is maintained for this purpose.
Possible Improvements:
a. System should have the capabilities to maintain complete particulars, printing of
instruments, online transfer of funds to drawn-on branch and auto reconciliation or
balancing at month end.
b. System should facilitate to verify the status of instrument from drawn-on branch
before duplicate issuance of instrument, using online retrieval of information. At the
moment phone call or fax is used for these verifications.
c. Concept of e- Branch is under discussion among ADC, Cash Management and SBP.
Idea is to introduce DD or banker’s cheque, payable at any branch of bank. In this
case e-Branch has to be used as drawn-on branch and access to this virtual branch is
to be provided at every branch.
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Demand Draft Issuance Process
Customer fills in
Request Slip
Deposit Cash
at Counter
Approach to DD Issuance
Officer with Deposit Slip
Verify connectivity with
the Drawn on Branch for
online transaction
Online Credit to
Pak Account
Prepare Advice
Manually
Prepare
DD Manually
Dispatch Advice to
Drawn on Branch
Handover
Instrument to
Customer
YesNo
33. ABL Typical Branch Operations Study
1.7.2 Pay Order
Pay Order is an instrument which is usually used for same city (local) transfers. Credit
cash/transfer voucher is used as slip for pay order and at some places DD application
form is also used. P.O. validity time is six months, which is extendable by bank
1.7.2.1 PO Issuance
a. A separate program for issuance of pay order is used partially at some branches. In
case of manual issuance of P.O., information is maintained in “PO Register” and
accounting entries are posted in relevant GL accounts of UniBank.
b. In case of system generation, GL accounts are auto updated. Branches are using dot
matrix printers to print P.O. but in most of cases, instruments are made manually, due
to printing problems.
c. Charges of Rs.50 are charged from account holders and Rs.100 from non account
holders.
1.7.2.2 Cancellation
Customer submits an application along with original instrument mentioning the reason of
cancellation. Cancellation charges are Rs. 100.
1.7.2.3 Duplicate
In case of lost of instrument, customer can request the Bank for stop payment against
that P.O. In this case bank verifies that the P.O. is yet not paid by branch. Indemnity
bond from the customer is also requested, after that Duplicate P.O. with same instrument
number is issued by paying additional charges Duplicate issuance charges are Rs.150
Possible Improvements:
a. There should be a specific P.O. application form where details related to P.O.
particulars including name, address, phone # and NIC can be captured.
b. There should be a printer dedicated for P.O., DD and other instruments printing (due
to adjustment reasons).
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1.7.3 DAC (Deposit at Call)
a. DAC is a non transferable and non negotiable instrument valid for life time, which is
usually used for tenders or bids participation. Cash held against DAC is considered as
branch deposit.
b. An application form along with credit voucher is required to be filled by the customer
before issuing DAC. GL entry is made to get an update in branch affairs.
c. The terms and conditions for cancellation and stoppage are much strict as compared
to DD or PO.
d. Charges of Rs.50 are charged from account holders and Rs.100 from non account
holders.
1.7.3.1 Cancellation
An application along with original instrument and release or letter from concerned
department is required. There are no charges on cancellation of DAC.
1.7.3.2 Duplicate
a. For duplicate issuance of DAC, following documents required from customer:
i. Indemnity bond
ii. Copy of F.I.R.
iii. News paper Advertisement
iv. Authority letter from concern department (N.O.C)
v. Validation from legal advisor
b. Branch is not directly authorized for issuance of duplicate DAC and requires an
approval from controlling office.
c. There are no charges on issuance of duplicate DAC.
Possible Improvements:
a. System should have capability to capture detail of DAC product. Moreover, like all
other instruments, printing facility for DACs should also be there.
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1.7.4 Rupees Travelers Cheque (RTC)
a. RTC product is out dated and maximum worth of one RTC is reduced to Rs.10,000.
by SBP.
b. Additional information is required from customer on issuance of RTCs of amount
equal to or greater than Rs.100,000. SBP has imposed certain rules under which
information of the customer is captured and sent to SBP for purchases of RTCs worth
equal to or greater than Rs.500,000
c. This product is not supported by system and like all other instruments it is issued
manually.
d. Charges of Rs.10 per leaf or Rs.50 (which ever is higher) are charged.
e. Customer can get it en-cashed from any authorized branch of the bank. To reimburse
funds concerned branch has to lodge claim to COK (ABRTC wing).
1.7.4.1 Duplicate
Stop payment of RTC is a lengthy process; the information has to be conveyed to all
authorized branches through COK provided it is not already en-cashed. On confirmation
of stop payment, duplicate instrument can be issued. Duplicate issuance charges are
Rs.250 per leaf.
1.7.5 Telegraphic Transfer (TT) / Mail Transfer (MT)
This facility was used when online facility was not available. TT is used when a customer
desires to transfer funds from one branch to another on urgent basis. A manual advice is
sent through fax or courier service to responding branch.
1.8 Clearing
We can divide the clearing subject into two segments:
- Local Clearing
- Inter City
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1.8.1 Local Clearing
Clearing of instruments within the city is done through local clearing. There are three
types of local clearing:
- Routine Local Clearing
- Same Day Local Clearing
1.8.1.1 Routine Local Clearing
1.8.1.1.1 Inward
a. Instruments and summary (transfer scroll) are received in sealed bag from NIFT.
Acknowledgement is provided by the bank to the NIFT person who visits branch in
morning.
b. Transfer scroll consists of details of inward instruments and previous day outward
clearing instruments.
c. Detail of inward clearing instruments is recorded in a manual register “Inward
Clearing Register” and is matched with transfer scroll sent by NIFT. Each instrument
is then posted in the relevant account in the system in clearing mode, which decides
the fate of these instruments.
d. For realized instruments, branch credits PAK account of main branch (in this case,
Napier road) and debits concerned payee account accordingly
e. An advice is made mentioning the total amount of realized instruments and handed
over to the NIFT person along with unrealized instruments. Advice is sent to main
branch through NIFT.
f. Unrealized instrument are also recorded in “Cheque Return Register”
g. Main branch transfers funds to other banks through SBP accounts, while for ABL
branches, funds are transferred through PAK account.
h. In case of any mistake resulting in wrong realization of instruments, branch sends
debit note to for getting funds back from the collecting branch. If the payment has not
been made then the concerned branch returns the funds in form of pay order. If the
cash is with-drawn then it is very difficult for bank to get it back.
i. There are no charges on inward clearing but for unrealized instruments bank charge
Rs.200 per instrument.
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1.8.1.1.2 Outward
a. On receipt of instruments these are grouped into local, intercity and same day clearing
types.
b. Entry in “out ward clearing register” is made from the pay-in slip.
c. At receiving of instruments special crossing and clearing stamps are stamped on the
instrument and endorsement is done on the back of instrument to avoid its misuse, in
case of misplacement.
d. Entry is made in system in clearing mode to provide a float credit in respective
account. This float credit is not available for withdrawal till the instrument is realized
and finally credited to the account. System does maintain this information to keep
track of outward clearing transactions. This also helps in verification of account title
and status before sending instruments for outward clearing
e. Summary (transfer scroll) is made manually from instruments where as register entry
is made from pay-in slip. It is intentionally done to verify the difference in pay-in slip
and instruments, if any.
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f. Branch hands over the instruments and summary in a sealed bag to the NIFT person
who collects it in afternoon. In case of any delay, instruments can be delivered by
sending a person to NIFT office
g. After two days (in general practice), NIFT person delivers the fate of instruments
along with an advice and unrealized instruments in a sealed bag.
h. After getting fate of the instruments, credit is provided in UniBank through pay-in
slip. Bank deducts the charges against unrealized instruments.
1.8.1.2 Same Day Local Clearing
a. Same day clearing is opted on client’s requirement and is valid for instruments worth
Rs.500,000 and above. Only nominated branches are authorized for same day
clearing.
b. Incase of same day outward clearing, NIFT person collects instruments in morning. In
case of any delay, instruments can be delivered to NIFT office before 10:00 am. After
processing at NIFT, instruments are sent to destination branch till 12:00 pm.
c. On receipt of same day inward clearing, fate of instruments is decided at that very
moment. An advice is prepared and handed over to NIFT person along with
unrealized instruments
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d. Separate register is not maintained for same day inward clearing where as information
of same day outward clearing is maintained in “Outward Clearing Register” using a
separate portion.
e. To identify same day clearing transactions from routine clearing transactions, same
day clearing transactions are posted using “Transfer Mode”
f. Rest of the same day clearing process is same as of routine clearing process.
g. There are flat charges of Rs. 150 per instrument for same day out ward clearing.
1.8.2 Inter City Clearing
1.8.2.1 Inward (Intercity)
a. Inter city mode of clearing operates only in those cities where NIFT is available. At
the moment NIFT services are available in 10 major cities of Pakistan.
b. Instruments and summary (transfer scroll) from the local NIFT are received city wise
in separate packets at the branch by 11:30 am. Intercity clearing advice along with
unrealized instruments has to be returned at the same time
c. There is no separate register maintained for intercity inward clearing. This
information is directly entered in to the system in transfer mode.
d. The rest of the process is same as for same day inward clearing.
e. Charges for intercity outward clearing are 0.2 % and NIFT Charges areRs100 per
instrument. These are deducted by the sending branch (collecting bank). Intercity
register is maintained to record transactions of charges.
1.8.2.2 Outward (Intercity)
The process is same as of local outward clearing, except that the instruments are sent in
separate packet for each city. System does not maintain information for inter city outward
clearing.
Possible Improvements (over all clearing process):
a. After posting the inward and outward transactions in system, summary (transfer
scroll) / advice should be generated from the system.
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b. Bank and branch codes should be same as used in NIFT. At the moment system is not
maintaining bank/branch code information. Due to these limitations, clearing system
is being used in few branches whereas most of the branches are following manual
process.
c. In outward clearing, where data for instruments is already fed, interface should be
made user friendly to supervise realized instruments to credit funds in respective
accounts. System should help to mark unrealized instruments while others should be
auto credited to the respective accounts.
d. There should be separate sub modes available in system for different types of clearing
i.e. same day and inter city.
e. System should generate reports to facilitate clearing related inquiries so that manual
registers maintained for this purpose should be discontinued.
f. System should help in calculation and deduction of all applicable clearing charges.
g. In case of any urgent requirement system should facilitate exceptional outward
clearing of instruments which are entered as a batch against one date.
h. ABL should devise a procedure to collect clearing data digitally and upload it into
system as NIFT is providing data to some banks.
1.9 Outward / Inward Bills for Collection (OBC/IBC)
1.9.1 OBC / IBC
a. Instruments like PO, DD and cheque are operated through clean collection where the
facility of NIFT is not available and online transaction for that city is not possible.
b. In each city / region, one of the branches is nominated as main branch. Within the
bank instruments are sent directly to branch and in case of other bank these are sent to
main branch of ABL in that city / region.
c. Before sending these instruments for collection, special crossing and OBC stamps are
stamped on the instrument and endorsement is done on the back of instrument.
d. In case of within bank transactions, branch credits outward bill for collection and
debits outward bills for receiving. An entry is also recorded in “OBC Register”. On
receiving advice the collecting branch will reverse the contra liabilities and credit the
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customer account by responding IBCA. On receipt of OBC, the responding branch
provides the credit to originating branch through PAK account and debits the
customer account. An IBCA is also sent to originating branch through courier. On
amount equal to or greater than Rs.100,000, test code has also to be applied on IBCA.
e. For other banks, instruments are sent to the main branch in that region or city. Main
branch launches the instrument in local clearing or arrange collection of funds
through PO, DD or in person. On realization of instrument, main branch sends IBCA
to originating branch. Unrealized instruments are returned back to originating branch
along with “cheque return memorandum”. In case of unavailability of branch in that
region, OBCs can also be sent directly to the branch of other bank. In that case DD is
used to transfer the funds back to originating branch.
f. Minimum Rs.50 or 0.20% of the amount and maximum Rs.5,000 is charged on these
bills.
a. Balancing for OBCs is done on monthly basis.
Possible Improvements:
a. System should maintain complete information of IBC/OBC. In ideal case online
facility should be guaranteed in all branches, which is the best path for these inter-
branch transactions. Further, the proposed online inter-bank transactions can also
helps to facilitate customers and to avoid the lengthy process of transactions through
IBC / OBC.
b. Collection time for OBC is 72 hours. System should generate alerts to both branches
for the outstanding OBCs / IBCs
c. System should maintain floating credit in case of OBCs in a similar way it is
available in outward clearing.
d. System should provide online credit to concerned branch of realized clearing IBC.
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1.10 Transfers
Transfers are used where the branch needs to give credit to one or more account(s)
debiting other account against an instrument, advice or an instruction. For example salary
transfer of SUI Gas employees against an instruction System support is available
Possible Improvements:
a. While transferring funds, present limit of 8 entries in one batch should be improved.
Ideally there should be higher or no limits on the transactions in one batch.
b. Facility of e-banking should be introduced so that customers can directly upload the
request for transfer of funds. Further, facility for printing of instruments can also be
extended using standard BAI II format used by banks world wide
1.11 Online Transactions
Following types of transactions are handled through online facility:
i. Cash Deposit
ii. Cheque Encashment
iii. Funds Transfers
iv. Balance Inquiry
v. Account Statement
a. In online mode, account holder can withdraw up to Rs.500,000 per instrument by
him/her self and the limit is Rs.25,000 for person other then the account holder.
Where as in case of cash deposit it is Rs.5,000,000 per transaction.
b. Online slip is filled by the customer mentioning the transaction type listed above. Slip
is deposited along with the cash/instrument to the cashier for further processing.
c. In case of cheque, system usually takes a minute to load signature card to verify
signatures. After data entry each transaction needs to be supervised on the same
terminal where the transaction is posted.
d. Cash deposit transaction is done in three steps
i. System entry and supervision
ii. Generation of advice number of originating branch
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iii. Generation of document number of responding branch
e. In case of online cash deposit, supervision of transactions must be made by the
responding branch to make funds available for withdrawal through ATM or online.
f. In some cases entry is through from originating branch and the document numbers are
generated for both branches but the transaction is still not available at responding
branch. If the customer does not inquire (of the balance) in the above mentioned case
then branch comes to know of this problem during reconciliation (done twice during
the month), in this case manual advice is called from responding branch
g. Inquiry against advice number is available in system to confirm transactions, if link is
available.
h. Entry can be reversed in UniBank until system generates document number of
responding branch; otherwise system has to reverse entries through online.
i. Online register is maintained for online transactions, purpose of this register is to
keep track of charges against online transactions. That also helps in MIS reporting.
j. Online charges are waived-off for account holder maintaining average balance of
Rs.500,000. System provides the average balance of each account during online
transactions.
k. Bank has started accepting clearing instruments in the branches through online
processing facility. A procedure has been devised to credit collection account (non
checking current account specially opened for this purpose) on realization of
instrument. After that funds are transferred in to the customer’s account through
online by debiting the collection account.
l. In case of online banking state bank doesn’t permit to debit the limit account.
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Possible Improvements:
a. Online slip requires improvements in its contents and layout, as it is quite
complicated due to its support of multiple transaction types. Carbonized slips can be
used to avoid duplicate writing on counter folio.
b. System should allow supervision of online transactions on a separate terminal.
Currently it can only be done from the terminal where the transaction is posted.
System should allow the user to supervise transactions in a batch format rather than
doing it one by one.
c. There should be a two way commit or roll back in case of link failure so that data
consistency and integrity can be ensured at both sending and receiving ends.
d. Backup links or multiple sites should be available so that if one site goes down, data
can be sent or received from other site. Perhaps in new core banking system we could
have multiple backup links
e. The responding branch should have notification or alert generated at their end to
know that there are transactions available for supervision.
f. In case of account statement through online it is only available for current half year.
Account statement should be available at least for current and previous half year.
1.12 Term Deposit
Term deposits are profit & loss sharing based fixed deposit accounts and these deposits
are accepted in multiple of Rs.1,000. There are two categories of term deposit:
- Short Notice Deposit Receipt (SNDR)
i. Seven Days (from 7 to 29 days)
ii. Thirty Days (from 30 days onwards)
- Term Deposit Receipt (TDR)
1.12.1 SNDR
a. It is a non transferable, non negotiable and non accumulative account. Account
opening form is same as for all other types of accounts.
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b. On opening of SNDR account, SNDR receipt is issued to the customer mentioning
the period (either 7 or 30 days).
c. The rate of SNDR is dependant upon the amount and days of deposit.
d. The profit is calculated according to the terms of SNDR which is usually paid on
projected rates at maturity.
e. For each SNDR instrument an account is opened in system. If customer needs
multiple instruments then he/she will have to open equal number of accounts
1.12.2 PLS Based Term Deposit Receipt
Period for this type of deposit is one month to 10 year. TDR has a separate register “TDR
Register”. There are total 10 terms and each term has a separate”TT” in UniBank. Profit
provisioning for these accounts is made on monthly basis and profit is paid on half yearly
basis or as per instruction of customer. The rate of TDR is dependant upon the amount
and period of deposit.
Possible Improvements:
a. System should handle SNDR profit provisioning and its payments.
b. System should maintain all particulars of SNDR.
c. System should have option to issue multiple instruments against single account.
1.12.3 Premium plus Account
Premium Plus Account (PPA) is further divided in to two types:
i. PPA Operational account
ii. PPA Term deposit account
1.12.3.1 PPA Operational Account
a. These are operated like current accounts having profit facility. Zakat deduction is also
applicable on these accounts. Profit is calculated on daily product basis as per slabs /
rates (detail of slabs and rate is available in a circular)
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b. System provides a separate utility to calculate the daily product with single rate
applicable for the period/month. If the rate changes during the month, break up has to
be calculated manually. Profit provisioning and its distribution is done manually in
the system
c. In case of wapda they have multiple accounts (and even in one or more branches of
the Bank), these accounts should be treated as group/project accounts for profit
calculation and other inquires. Information of total exposure is usually gathered by
making telephone calls to other branches having the group accounts.
Possible Improvements:
a. System should help in profit provisioning and its distribution to accounts. System
should also cater the rate change during the month and application of different slabs
during the month.
b. System should help in determination of profit after summing up or accumulating the
deposit available in all those accounts which belongs to a group customer. Customer
centricity can help to meet all these requirements in new system.
1.12.3.2 PPA Term deposit
a. PPA Term Deposit was launched to attract large deposits of corporate clients. At
present, the minimum amount for term deposit is 50 million and the period is 30 days
and 90 days. The same TDR instrument is used for PPA term deposit.
b. An account is opened for each term deposit in system. As general practice, that
account number is written on instrument to identify the account. A manual register
“PPA Term Deposit Register” is also used to maintain record of the instruments.
c. Profit provisioning is done on month end and is recorded in “PPA Term deposit
Register”. Profit is paid at encashment or maturity of the instruments
Possible Improvements:
a. System should maintain the record of PPA term deposit instruments. Further, profit
provisioning and its payment at the time of maturity or encashment should be handled
by the system.
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b. System should have option to issue multiple instruments against single account.
1.12.4 Allied Profit Plus
a. To attract deposits, bank has recently launched a product “Allied Profit Plus Deposit
Account” having different slabs and rates.
b. The average balance for each month is used for the purpose of profit eligibility of
rates / slabs and profit is paid on monthly basis.
Possible Improvements:
a. System should help in profit provisioning and its distribution to accounts.
b. System should also cater the rate change during the month and application of
different slabs during the months.
1.12.5 Premium Term Deposit
a. This product was introduced to expand customer base. It is a similar product to PPA
Term Deposit, having different slabs of amount and period (i.e. available on circular).
The same TDR instrument is used for Premium Term Deposit.
b. An account is opened for each term deposit in system. As general practice, that
account number is written on instrument to identify the account. A manual register
“Premium Term Deposit Register” is also used to maintain record of the instruments.
c. Profit provisioning is done on month end and is recorded in “Premium Term Deposit
Register”. Profit is paid at encashment or maturity of the instruments.
Possible Improvements:
a. System should maintain the record of these instruments. Further, profit provisioning
and its payment at the time of maturity or encashment should be handled by the
system.
b. System should have option to issue multiple instruments against single account.
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1.13 Inter Branch Transactions (Pak Account)
a. Each branch and controlling office is working as an independent accounting unit. All
transactions among these units are routed through Pak Account.
b. All the manually originated and responded Pak account entries have to be supervised
for preparation of daily “Pak Account Extract” before day end processing. This is not
applicable on online transactions.
c. Auto generated entries of Pak account, fed through clearing mode have to be
separately added up for finalization of Pak account extract, as the particulars (branch
code, transaction code and control number) of these entries are not being fed at the
time of auto generation.
d. Pak Account is reconciled after every 15 days. A statement is sent by COK to every
branch (accounting unit) mentioning all the un-reconciled entries. Appropriate
remarks are sent against each entry. In case, if an entry is kept un-reconciled for more
than one month, a penalty is imposed by SBP. In case of Lahore region, the
reconciliation process is also handled by a designated person at Napier Road branch.
e. Entries for payment / receipt of interest on Pak Account are posted directly by COK
in respective heads of GL accounts of branches.
Possible Improvements:
a. System should prompt for the supervision of pending PAK account entries before
preparing the “Pak Account Extract” and day end processing.
b. System should provide online credit to concerned branch of realized clearing IBC,
cash in transit etc. so that manual advices can be minimized. In case, where manual
advices are unavoidable due to certain reasons, these should be printed from system.
c. Pak Account inquiry (for recon purpose) should also be available on control number
and date.
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1.14 ATM Operations
a. Before cash placement, available cash in machine is recounted and cleared in system
and then new cash is fed into the machine. Information of cash is fed into ATM with
denomination details. An entry is also made in UniBank.
b. A statement is generated from ATM, named as “super”. This report provides details
of available cash in machine. Cash balance slip is generated from ATM with
denomination details. Type wise detail is available in following heads:
i. Cassette
ii. Rejected
iii. Remaining
iv. Dispensed
v. Total
vi. Last cleared (cash)… date for last cash update in machine
Following types of cash is used in ATM machines:
i. Type 1 500
ii. Type 2 1000
c. “ATM Cash Balancing Report” is generated from UniBank system on daily basis
after business hours. This report helps in balancing the actual cash in ATM with
UniBank system. Copies of “super” reports generated by ATM before and after cash
placement are also attached with the balancing report. The “ATM Balancing Report”
is signed by officer and customer services manager. This report provides the detail of:
i. Date
ii. GL ATM cash balance
iii. Status of Balance (B - Balance, U - Unbalance)
iv. Own customer on other ATM
v. Other customer on Own ATM
vi. Actual cash in ATM
d. In case of problem in reconciliation, COK handles its corrections.
e. Only sorted cash can be fed into the machine. Effort is required by the bank staff due
to unavailability of new notes. Some banks are now reversing the maximum limits on
ATM machines due to same problems.
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f. All the transactions in ATM are printed on a roll. This roll is taken out daily and
pasted onto a register named as “ATM Scroll” register. This roll helps in keeping
track of all the transactions and their status.
g. Captured card can be returned to the card holder after getting the signatures on the
“ATM Card Return Register”. List of “card captured” is also generated by the
machine.
Possible improvements:
a. The information printed on a roll should be uploaded in a database so that reporting
can be generated without pasting these slips on to a manual register
b. Due to limited availability of new and sorted cash some banks are now reversing the
maximum limits on ATM machines.
1.15 Locker Operations
Fours types of lockers are available for public on rent. This facility is only available to
account holders.
Type (Size) Rent / Annum Key Deposit
Small 1000 3000
Medium 1500 3000
Large 2500 4000
Extra large 4000 4000
a. An application package is signed by the customer, containing following information:
i. Request for locker
ii. SS card
iii. Memorandum of letting of safe
iv. Authority letter for recovery of rent from account
b. Applications forms are filled in a binder. “Locker Register” is maintained to record
all particulars, locker no, key no, rent, security and refund details
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c. Rent is recovered in advance or at the commencement of period i.e. quarterly, half
yearly, yearly or as per agreement with customer.
d. Key Deposit is also payable in advance. A receipt is provided to customer against the
security.
e. “Register of visits” is maintained to record the date, time and signatures of visiting
person.
f. In case of loss of key, the customer will be asked to report the loss in writing and
request for breaking the locker and replacing it with new one at his/her own cost.
Breaking charges are recovered as per actual or minimum of Rs.2000 from the
customer.
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Possible Improvements:
a. System should maintain information about the lockers and their owners in detail.
b. Locker requirement should be made part of main account opening application / form.
In case someone requires this facility after getting the account opened, this
information should be updated in the system. So that the locker information should be
linked to the particular account.
c. In case locker operating authority is given to any other person by the account holder,
additional SS card (only for the purpose of locker operation) should be scanned and
uploaded in the system against the account.
d. System should report the vacant lockers, due and overdue list for renewals so that
proper correspondence can be made with customers.
e. Instructions are pasted on lockers for overdue payments of rent; these can also be
resolved by provision of prompts or alerts through the system. System should help in
terms of validity of locker for payment of rent at the time of people visiting to operate
the lockers, and prompt for the overdue rent payments.
f. Concept of digital lockers can be looked into with some digital authorization process.
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g. By bringing the lockers and visitors information into databases, manual registers can
be discontinued.
1.16 Utility Bills
a. A separate “Long Book” is being maintained for each type of utility bill (i.e.
Electricity, Sui Gas, WASA and Telephone),
b. Utility bill is received from customer at counter. Amount and bill details are entered
in “Long Book” and amount is also written on utility bill by cashier.
c. “Long book” along with utility bill is given to officer, who applies receiving stamp
and do system entry and sends it back to cashier. Counter part of bill is handed over
to customer.
d. In case the bill payment is made through cheque/instrument drawn on same branch,
the instrument has to be separately posted in UniBank and after passing of instrument,
the entries are recorded in long book and system. Counter part of bill is handed over
to customer.
e. In case the bill payment is made through cheque/instrument drawn on other Bank, the
instrument is sent in clearing and after the realization of instrument; the entries are
recorded in long book and system. Counter part of bill is handed over to customer.
f. Entries of long book and the system generated reports are reconciled and manual
credit vouchers for each type of utility bill are posted in UniBank on next working
day and funds are transferred online to respective main collection branch of each
department (SUI GAS, WAPDA, PTCL)
g. The cash safe for utility bill is separate from main safe.
h. Bank charges are Rs.10 per bill from each department except WASA.
i. In case of SUI gas the charges are deducted before transferring funds. For WAPDA
and PTCL, summary of bills collected is sent to regional office by each branch at
month end and after compilation the regional office directs the respective main
collection branch for transferring the commission amount to each branch. Manual
advices of commission are sent to each branch by main collection branch.
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j. As module used for utility bills has no integration with UniBank, so staff has to make
dual entries to update it.
Possible Improvements:
a. An integrated module should be available in new system for utility bills collection.
Existing module used for utility bills has no integration with UniBank, so staff has to
make dual entries to update it.
b. Arrangements with departments should be made for payment of bills through online
banking, phone, SMS, credit card, internet or even use of barcode technology can also
be given a thought.
1.17 Prize Bonds
a. “Prize bond Register” is used to record the sale and purchase of prize bonds. Separate
page for each denomination is used in register.
b. Prize bonds are sent along with cash to main branch in routine
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c. In system, GL account for national prize bonds is updated. Denomination and serial
numbers of prize bonds are not fed into the system
Possible Improvement
System should provide complete information including denomination and serial number
for prize bonds so that the record of prize bonds falling during shut period can also be
maintained and manual register can be discontinued
1.18 General Accounts
1.18.1 Sundry Account
a. Sundry account is maintained to record the transactions having mistakes, for example
incorrect account number or account title on deposit slip, access cash received,
parking of certain credits temporarily.
b. To reverse the erroneous transactions parked in the sundry account, an application
along with photocopy of the counterpart of the deposit slip is sought from the
depositor. Other credits parked in Sundry Accounts are reversed at appropriate time.
Control on the sundry account reversal entries is more important for audit.
c. ”Sundry Register” is maintained to record the transactions of Sundry account.
d. Balancing exercise is conducted each month and a monthly statement of outstanding
entries in sundry account is prepared manually and is sent to the regional office.
Possible Improvements:
a. System should cater to sundry account handling providing some means of knocking
off entries so the outstanding entries can be identified any time.
b. At the moment commissions receivable against LG are parked in Sundry account.
Separate account should be maintained for L/G commissions recoverable.
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1.19 General Processes
1.19.1 Daily Vouchers
a. There are four types of vouchers:
i. Credit Cash
ii. Debit Cash
iii. Credit Transfer
iv. Debit Transfer
b. All vouchers of a day are sorted by voucher and account type. These are sewed in
form of bundle.
c. “Voucher Register” is maintained by mentioning the number of vouchers in each type
in a day.
d. “Voucher Movement Register” is maintained to record the movement of vouchers
from strong room.
Possible Improvement
a. Detail of daily vouchers should be available from system. At the moment, the batch
entries are considered as single voucher by the system, which is a bottleneck for using
the report for recording and reconciliation purpose. This can help to discontinue the
“Voucher Register”
b. By bringing the Voucher movement information into the system, the “voucher
movement register” can be discontinued.
1.19.2 Advance Deposit and Advance Rent
a. Depending on the contract, advance deposit in terms of security (for building,
telephone, Sui-gas etc) is recorded. In case of advance rent “Advance Rent Register”
is being used at branches to record the detail of rent paid in advance and its
subsequent deduction and balance.
b. Advance deposit receipts are kept in separate file for record of all advance deposits
made to different agencies and are recoverable in future.
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1.19.3 Executive Visits
“Executive Visit Book” is maintained for executives wherein they fill the four pages of
information to record different parameters related to branch performance. After that a
report is sent back to the branch for comments and compliance.
Possible Improvements:
Although this practice is discontinued since last two years, but in case of requirement,
there should be a system to record all these details instead of manual book
1.19.4 Peon Book
“Peon Book” is maintained to record and get signatures of receiving person on the Dak
sent to different offices through messengers (peons) by hand.
1.19.5 Stamps in Hand
a. Receipts and Issues of stamps are recorded in the “Stamps in Hand Register”. These
are accounted for in General Ledger at the time of their purchase or sale. A separate
page for each stamp type is used in register.
b. Balancing exercise is conducted on monthly basis and is recorded in “Balance Book”.
Auditors also verify the physical stock with the ledger balance.
Possible Improvements:
Manual record of stamps inventory should be maintained in the system.
1.19.6 Inward / Outward Dak
Inward Dak is recorded in “Inward Dak Register”. Outward Dak is recorded in “Outward
Dak Register”
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Possible Improvements:
There can be a system to record inward and outward dak details so that manual registers
can be discontinued.
1.19.7 Book of instructions
a. Book of instruction was printed in March 1997. Volume 1 of this book covers general
banking. The remaining process reference to advances and trade finance were
supposed to be made. Later on the next volumes of manual were not published
Possible Improvements:
a. Some processes have been changed with passage of time but the book is not updated
accordingly. This book should be available online for reference on any subject.
Mechanism to keep this manual up to date should also be there.
b. One idea is that all kind of manuals should be available in SPP
1.19.8 Online List of Branches and Controlling Offices
Possible Improvement
a. Branch list with telephone and fax numbers should be available online with updated
information of people responsible.
b. Sorting and searching both alphabetic and branch code wise, should also be available.
1.19.9 Circular’s Index
An index of circulars was also made in past. List and numbers of circulars was “grouped
subject” for the convenience of reference.
Possible Improvement:
a. Index and all the circulars should be available online for the ease of reference
b. SPP/”Exchange Server Public Folder” access should be extended to branch managers
in future.
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c. Intelligent searching capabilities should also be there to facilitate the user for
searching on any subject.
1.19.10 Office Orders
All office orders are either pasted or written on “Office Order Register” and signatures
from staff members are required on it.
Possible Improvements:
To save time and unnecessary movement of registers, all office orders should be
circulated through email.
1.19.11 Inter Branch Signature Book (IBS/AS)
a. This manual book contains the list and signatures of all authorized personnel (IBS
holders). This book is printed and distributed to all branches and relevant agencies for
the sake of verification of signatories.
b. The changes (additions & deletions) are conveyed by means of circulars. Additions
are pasted manually on the same book and deletions are also marked there.
Possible Improvements:
This book should be available on line. Searching should also be available on name and
IBS number so that manual verification of signatures can be avoided.
1.19.12 Keys Handling
There are different types of keys:
Keys Key Holders
Strong room gate keys Customer service manager
Chief cashier
Main cash safe Chief manager
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Customer service manager
Chief cashier
Small safe (for utility bills) Cashier (utility bills)
Utility bills in charge
Test keys Customer service manager
Bills in charge
Locker room gate keys Customer service manager
Chief Manager
Locker keys Customer service manager
a. The responsibility of each key is entered into the “Key Register” and receipt is
acknowledged by the receiving official and finally authenticated by the customer
service manager.
b. In case some person goes on leave, transfer or retirement, key’s responsibility will be
shifted to someone else by entering the keys transfer information in the same register.
Possible Improvements:
System should help in maintaining this record of keys possession and some technology
like digital safe can also be used.
1.19.13 Inventory Management
a. “Security Stationary Register” is used to record inventory receipts and issuance,
balance of security stationary items. Receipt and Issuance is recorded with reference
of serial numbers.
b. “Stock of Stationary in Hand Register” is used to record stock and cost of all
stationary items. This cost is booked in UniBank GL on monthly basis.
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Possible Improvements:
Inventory valuation and its transfer to GL should be made by the system without any user
intervention.
1.19.14 Fixed Assets
Types of fixed assets are as follows:
i. Furniture and fixture
ii. Vehicle account
iii. Electrical equipment
iv. Computer and tele equipment
v. Long life computer equipment
a. “SFF – Safe, Fixture, and Furniture Register” is maintained to record all assets in that
particular category. It is mandatory that a separate register should be maintained for
each category of fixed assets.
b. Depreciation is calculated manually on periodical basis and communicated to COK
on yearly basis.
Possible Improvements:
Fixed assets data and its valuation process should be transferred to COK where this
should be handled in a centralized way using Oracle fixed assets
1.19.15 Attendance Management
a. Staff members sign the “Attendance Register” on daily basis. This register is
supervised and signed by chief manager on daily basis.
b. “Leave Record Register” is maintained to keep record leaves of branch staff.
Possible Improvements:
a. Leave record should be maintained with HR Wing. Monthly record of attendance/
leaves should also be sent and updated in HCM.
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b. An online inquiry should be available for branch to refer leave balances details.
c. At the moment the leave record for executives is centralized at COK and for rest of
employees leave record is maintained at branches. This can be uploaded in to HCM
1.19.16 Expenses
Branch Expenses
a. Budget for each expense type is allocated by COK and communicated through
Regional Controller to each branch.
b. System doesn’t help in enforcement of these budgets.
Possible Improvements:
a. Budget should be available online thru system for each type of expense. System
should also provide a comparison of limit availed and available, on requirement.
b. System should provide a notification on exceeding budget in any head.
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2 Finances
Finances can be categorized into two types:
i. Fund based (FB)
ii. Non-fund based (NFB)
Customers can also be grouped into two categories on the basis of availed limit:
i. Corporate Customers (Availing 150 million and above)
ii. Retail Customers (Availing below 150 million)
a. Corporate customers are served by CIBG (Corporate Investment Banking Group)
having four regions in the country. Relationship Managers (RM) are responsible for
customer liaisons and credit application processing.
b. Retail Customers are served by CRBG (Consumer and Retail Banking Group) having
27 regions in the country. Chief Managers (CM) are responsible for marketing and
customer follow-ups.
c. Following is the list of products introduced by the bank from time to time, some of
these have become obsolete but still have overdue:
Serial No. Products
Working Capital Facilities
Fund based
1 Agriculture Finance/Revolving Credit Scheme
2 Running Finance/Temporary Over Draft/Sanction Over Draft
3 Cash Finance
4 Finance against IBP
5 Finance for Govt. Commodity Operations
6 Financed against Dishonored Bills (FADB) under Usance L/C (Inland)
Non Fund Based
7 Customer Liability on Inland L/C
8 Customer Liability for Local Usance Bills Accepted (LUBA)
Import Related Credit Facilities
Fund based
9 Finance against Imported Merchandise (FIM)
10 Finance Against Trust Receipt (FATR)
11 Payment against Documents (PAD) – Sight
12 Finance Against Dishonored Bills (FADB) under Usance L/C
Non Fund Based
13 Customer Liability L/C (Sight)
14 Customer Liability L/C (Usance)
15 Customer Liability for Foreign Usance Bills Accepted (FUBA)
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Export Related Credit Facilities
16 Finance Against Packing Credit (FAPC-I, FAPC-II)
17 Finance Against Packing Credit (Own Sources)
18 Finance Against Foreign Export Bills
19 Foreign Bills Negotiated (FBN)
20 Foreign Bills Discounted (FBD)
Long Term Credit Facilities
21 Demand Finance (DF)
22 Fixed loan/Term Finance
23 Bridge Finance
24 Leasing
25 IDA Credit
Program Lending
26 Finance to Small Business
27 Overseas Employment Financing Scheme
28 Housing Finance
29 Self Employment Scheme
30 National Transport Scheme for Taxis
31 Computer Loan Schemes
32 Credit Card Finance
33 Allied Karsaz Financing Scheme
34 Demand Finance to Staff
2.1 Advances
a. An account of customer is opened in UniBank for each type of facility with a specific
TT. This also helps in enforcement of maximum limit as approved in sanction advice.
b. Transactions regarding disbursements and repayments of principal amounts are
recorded in this account.
c. Manual registers are maintained to record disbursements, payment schedules and
principal repayments for each type of facility like “Demand Finance Register”, “Cash
Finance Register” and “Running Finance Register” etc.
d. Single “Markup Receivable Register” for all type of advances is maintained to record
markup rates, markup repayment schedules, accruals and markup repayments.
Information against each facility is maintained on each page. To calculate the
aggregates of due payments or overdue payments manual calculations are made by
staff against each customer.
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e. Different MIS reposts are sent to CAD, Regional Office and to COK. These reports
are made manually from these registers by branch staff.
2.2 Imports
We can divide this subject into following categories:
i. L.C (Sight, Usance)
ii. Inland L.C (Sight, Usance)
2.2.1 L.C Opening Process
a. L.C Form with all supporting documents is filled by customer.
b. An account of each customer is opened in UniBank for L.C with a specific TT to
reflect availed totals in general ledger. This also helps in enforcement of L.C limit as
approved in sanction advice.
c. If any customer has availed sub limits like (DOD, FATR etc), system does not
provide the facility to calculate aggregates of these sub limits. As a practice these sub
limits are manually added and are tallied with DAC approved limit for outstanding
amounts.
d. “LC Opening Register” is maintained to record LC number, customer, opening date,
commissions and amount. This information is again entered in “Payment Against
Documents (PAD) Register” with additional details like (Item, HSCode, insurance
and expiry date etc) related to that LC.
2.2.2 L.C Processing
a. On payment against documents “PAD Register” is updated and markup is calculated
manually.
b. “LC Lodgment Register” is updated when PAD occurs. This register is used for SBP
reporting.
c. In case customer fails to get documents released by paying funds in time then LC
sight is transferred to FIM (Finance against Imported Merchandise) or FATR
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(Finance against Trust Receipt) if customer has these approved facilities, details are
noted in “FIM register” and in “FATR Register” respectively. If customer does not
have approved FIM facility then a forced FIM is created and details are maintained in
“Force FIM register”.
d. LC Usance is transferred to FUBA (Foreign Usance bills for Acceptance) if customer
fails to get documents released, details are noted in “FUBA Register”. After this a
temporary finance facility name FADB (Finance against Dishonored Bills) is created,
its details are maintained in “FADB Register”.
2.3 Exports
Export subject can be divided into following areas:
i. Export through collection
ii. Export through advance payment
iii. Export through L.C
2.3.1 Export Process
a. E-Form is issued for any type of export. Issuance record with serial number, customer
name and along with signature is maintained in “E-Form Issuance Register”.
b. “FDBC (Foreign Documentary Bills for Collection) Register” is maintained with
complete details when export is made through collection.
c. “Proceed Realization Certificate” register is updated when funds are released by
importer and are available to exporter.
d. “Advance Payment Register” is maintained if export is done on advance payment
basis.
e. “FBN (Foreign Bills Negotiated) Register” is used to record the export details when
is made through Letter of Credit (L.C).
f. Exporter can avail facility of FBD (Foreign Bills discounted) when export is made
through L.C (DA). “FBD Register” is maintained to record the particulars.
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g. Foreign Bills Purchased is an approved facility for LC having minimal discrepancy in
documents. “FBP (Foreign Bills Purchased) Register” is maintained to record the
particulars of export when any exporter avails this facility.
h. Finance against Packing Credit (FAPC-I) is an approved facility having fund
arrangement by own source or re-finance facility from SBP. Two different registers
are maintained for this.
i. Finance against Packing Credit (FAPC-II) is also an approved facility. Details are
maintained in “FAPC-II Register”.
Possible Improvements
a. There should be a system to capable of handling all finances related requirements
including Term, Demand and Trade Financing. System should provide mechanism to
define or configure new products on different parameters.
b. System should also cater requirements like multiple loan facilities per customer,
feature to inter-link loans for tracking purpose, markup calculation for multiple loans,
limit controls, loan re-scheduling and customer payment behaviors,
c. System should maintain complete information of L.C, like Performa invoice, products
list, shipment details, opening bank, reimbursing bank, advising bank, negotiating
bank, insurance and expiry details etc. It should also facilitate to convert LC to any
other fund base facility like FIM, FATR, FADB etc. In this way many manual
register can be discontinued.
d. System should generate alerts on expected shipment dates, expiries and on shipment
arrivals so that customer can be contacted in time.
2.4 Credit Application Package
a. Credit Application (CA) is used to avail any type of facility from bank and is also
used to collect customer financial and non financial information. CA package is used
for following:
i. Credit Renewal
ii. Credit Amendment
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