The document provides information about Standard Chartered Bank presented by team members. It includes an acknowledgement, dedication, executive summary on visiting the bank's Gulberg branch. It then discusses the bank's historical background, types of accounts offered like savings, current, salary. It also outlines special accounts, loans, mortgages provided and interest rates. The team recommends reducing rates and offering student accounts. They conclude the project helped understand banking concepts.

3. Presentation on Standard charted bank Presented by :- SKY HIGH Presented to :- SIR RAFIQ AHMED

5. SIKANDAR ISHAQ 9375

6. AMJAD HANIF 9376

7. ZEESHAN AHMED 9382

9. DEDICATION:- We dedicate this assignment to our parents and our teacher sir Ahmed Rafiq who always helped us while the completion of this project.

10. EXECUTIVE SUMMARY We were given a final project related to the subject “Money, Banking & Finance” in which we had to visit a bank. The project was assigned by SIR Ahmed Rafiq, who is our course instructor. For this project, we chose Standard Chartered Bank and we met Mr. Shoaib Salahu Din-The Manager of Standard Chartered Bank, Gulberg branch. We collected all the information which was included in the contents of assignment. It includes types of accounts the bank offers, special accounts of the bank, loans, mortgages, interest rates, etc.

11. HISTORICAL BACKGROUND History :- The Standard Chartered Group was formed in 1969 through a merger of two banks: The Standard Bank of British South Africa founded in 1863 and the Chartered Bank of India, Australia and China, founded in 1853.

13. Chartered opened its first branches in Mumbai (Bombay), Calcutta and Shanghai in 1858, followed by Hong Kong and Singapore in 1859.

14. Traditional business was in cotton from Mumbai (Bombay), indigo and tea from Calcutta, rice in Burma, sugar from Java, tobacco from Sumatra, hemp in Manila and silk from Yokohama.

16. Was prominent in financing the development of the diamond fields of Kimberley from 1867 and later extended its network further north to the new town of Johannesburg when gold was discovered there in 1885.

17. Expanded in Southern, Central and Eastern Africa and by 1953 had 600 offices.

19. TYPES OF ACCOUNTS OFFERED BY THE BANK The Standard Chartered mainly offers the following account types: Saving Accounts Current Accounts Corporate Salary Account

20. 1- SAVING ACCOUNTS The Standard Chartered bank offers the following types of savings accounts: Saving Account Bonus Saver Account Flex Account Mahana Izaafa Account

21. a- SAVING ACCOUNT Saving Account is the latest addition to Standard Chartered Bank Pakistan Limited’s ever increasing portfolio of products. This product combines a good rate of return, profit paid out on a six-monthly basis, and outstanding services offered by Standard Chartered Bank Pakistan Limited all-in-one.

25. Earn a Bonus rate on your monthly average balance if you do not withdraw from your account during that month

26. Profit credited to account on a monthly basis

27. Access your money through a network of more than 150 branches in 41 cities and 2,500 ATMs across Pakistan

28. Enjoy the convenience of Visa Shopping / ATM Card, providing access to over 24 million outlets and 1 million ATMs worldwide

29. Enjoy the power of complete self service banking options with

30. e-Statements

31. Phone Banking

32. Internet Banking

35. 5 % Profit calculated on a daily balances and credited monthly.

36. ATM card is a VISA Debit Card and can be used to make purchases at thousands of outlets across Pakistan.

37. 24 hour Phone Banking.

38. Monthly service charge of Rs. 50

41. Profit depends on balance, higher the investment higher will be the profits.

43. a- CURRENT ACCOUNT The current account can be started with the amount of 5,000.

44. b- BASIC BANK ACCOUNT Enjoy an unmatched combination of high returns and liquidity. In addition, our nationwide network of ATMs offers you 24-hour convenience in withdrawing your funds, ensuring that your money works for you, as you would like it.

46. Non-profit bearing.

47. Minimum Balance Required: None.

48. Account Statements: Issued on annual basis.

49. Account closure: If balance is Nil for 180 days.

51. Withdrawals: Only withdrawn by cheque/ No ATM withdrawals

55. Non-profit bearing

56. Minimum Balance Required: Rs. 100,000

57. Features: Unlimited withdrawals and deposits

60. Access to Payroll information – both current & historical.

62. Informing the company about the account opening status during on boarding.

65. Fuel Cash Back up to 30%.

66. Free Debit Card.

68. Minimum Balance Required: Rs 50,000 .

71. Lowest Mark-up

72. Pay as You Utilize

73. No Penalties on Early Repayment

74. The process will require maximum of 7-10 days.

75. An annual fee of Rs. 1,750 is required.

77. Avail facilities at the most competitive rates in the market

78. Markup charged only on the amount utilized and only for the number of days it is utilized.

79. Get your financing amount disbursed into your account in 7 working days.

80. Great Limits

81. Flexible Markup Payment

84. Loan to value up to 80 % of the property value.

85. Minimum Net Income as low as PKR 20,000 per month.

86. Markup rates for Mortgage Loan for Salaried is 17.00% & Self-employed is 17.50% per annum.

87. To avail higher loan amount Standard Chartered Home Loans offers you the option of clubbing the income of your spouse and blood relatives.

88. Minimum age of the primary borrower should be >=25 years. Incase of co-borrower the secondary borrower should be either >=21 if income is being clubbed or >= 18 if income is not being clubbed.

90. Repayment tenor ranging from 1 to 10 years

91. Loan to value maximum of up to 60 % of the property value

92. Minimum Net Income as low as PKR 20,000 per month

93. Markup rates for Mortgage Loan for Salaried is 17.00% & Self-employed is 17.50% per annum

94. To avail higher loan amount Standard Chartered Home Loans offers you the option of clubbing the income of your spouse and blood relatives.

96. Business account statement.

97. Last six months transactions.

98. After viewing the property documents.

99. Checks whether the person is liable or not and can pay the loan’s value back.

100. Personal assets.

101. The bank always cover the backup of, money before giving the loan.

102. Check the reputation of the person who is taking the loan.

103. INTEREST RATES Through our network of product specialists, Standard Chartered provides global coverage of the full spectrum of interest rate and bond products to meet each of our clients’ needs. Interest Rates Risk: Standard Chartered offers a full range of interest rate derivatives products to meet your specific risk management needs, ranging from plain vanilla to exotic. Applications include solutions for interest rate and currency hedging and risk management, as well as strategies for yield enhancement. Product coverage extends to emerging markets, with trading in more than 30 currencies in 12 countries worldwide.

105. Like many other banks, Standard Chartered should also offer Student Account.

106. The account opening conditions are tough e.g., Standard Chartered opens saving account with the amount of 100,000. The conditions should be little polite.

108. REFERENCES Standard Chartered, (2009) ‘History’ http://www.standardchartered.com/about-us/history/en/, 05 May 2009. Standard Chartered, (2009) ‘Standard Chartered in Pakistan’ http://www.standardchartered.com/pk/personal/about-us/en/about-us.html, 05 May 2009. Standard Chartered, (2009) ‘Credits’ https://www-uk.computershare.com/investor/formscatalogue.asp?bhjs=1&fla=0&cc=UK&lang=en&fla=1&issuerid=scukstc&theme=scukstc&bypass=true, 06 May 2009. Mr. Shoaib Salahu Din (Manager - Standard Chartered Bank, Gulberg Branch).

110. THANK YOU FOR YOUR ATTENTION AND LISTENING