Subject: Letter Regarding Submission of Internship Report on General Banking Activities of Sonali Bank Limited: Study at DEPZ Branch. I am pleased to submit an internship report on “General Banking Activities of Sonali Bank Limited: Study at DEPZ Branch” as per instructions. I have written the report based on theoretical information and observations gathered during my three months internship program at Sonali Bank Limited at DEPZ Branch.
Student of BBA program, Daffodil International University. He completed the internship report under my supervision during my internship at Sonali Bank Limited. Worked for Sonali Bank Bangladesh Limited and completed a report titled “General Banking Activities of Sonali Bank Limited: Study in DEPZ Branch” as a practical requirement for BBA degree. The main objective of this report is to show the overall financial performance of Sonali Bank Limited.
Then in the second chapter there is the overview of the Sonali Bank Limited is presented. I completed my internship program at Sonali Bank Limited, DEPZ Branch and prepared this report titled “General Banking Activities of Sonali Bank Limited: A Study on DEPZ Branch”. This report deals with "General Banking Activities of Sonali Bank Limited" was started as a feature of the internship program which is a BBA program requirement of the Department of Business and Entrepreneurship, Daffodil International University.
Prior to preparing the report, a three-month internship was conducted at Sonali Bank Limited, DEPZ Branch.
Primary Sources
Limitation of the Report
Chapter-2
Overview of Sonali Bank Limited
- Historical Background
- Corporate Profile
- Organizational Structure
- Core Business
- Mission
- Slogan
- Core Value
- Core Strengths
- Corporate Social Responsibility (CSR)
Soon after the nation's freedom, Sonali Bank emerged as the largest and leading nationalized commercial bank with the promulgation of Bank Nationalization Order 1972 (Presidential Order-26) which replaced the then National Bank of Pakistan, Premier Bank and Bank of Bhwalpur. The bank was converted into a 100% government limited liability company and started operating as Sonali Bank Limited from 15 November 2007, taking control of all the benefits, liabilities and business of Sonali Bank. After corporatization, the bank's management got the expected self-sufficiency, so that the bank would be focused and successfully maintain its operations.
The authoritative framework works in an orderly manner and carefully maintains the chain of importance throughout, but the basic leadership time that the bank consumes is extremely difficult and tedious for maintaining order. There are about 11 General Manager's Office in Sonali Bank Limited including one at the head office. The key workplaces are responsible for all domestic areas of Sonali Bank Limited.
Then, the General Directorate at the Field Offices deals with the Division at the Head Office from which the tasks of the branches abroad are carried out. The bank is headed by the CEO and Managing Director, who is an eminent banker and a reputed expert. Magnificent performance and stability are prerequisites to guarantee quality support to the bank's large customer base.
New and creative items are the need of the ideal occasion for which constant activity is done. Each representative will have ownership mentality towards the bank and fearlessness in his work for the advancement of the bank. Data should be kept open to everyone with the goal that partners can have legitimate thoughts about the bank's exercises.
Sonali Bank Limited offers various organizations to achieve increasingly notable social goals and objectives. For this strategy, they intend to contribute to the attainable progress of the entire population, taking all things into account and expressly fulfilling the company's social duty. In order to strengthen its CSR operations, the bank has adopted new exercises in line with Bangladesh Bank in the areas of social organizations, women and poor empowerment, sports and culture, banking for handicapped associations, fiasco and mitigation.
Sonali Bank Limited has made the social relations uncovered through the distribution of various salaries for open entry candidates, widows, position tenants. Sonali Bank Limited offers annual salaries and awards to the prodigious progeny of the bank's employees.
Chapter-3
General Banking Activities of Sonali Bank Limited
- General Banking Divisions
- Account Opening Section
- Types of Accounts
- Interest Rates
- Dormant Account
- Cheque Book Issue
- Clearing
- Remittance
- Local Remittance
- Foreign Remittance
- Cash
- Cash Receipt
- Cash Payment
Additionally, the holder cannot withdraw cash above 20000 taka at one time without the bank's consent. The customer deposits the money in the cash register and the bank customer relationship starts. Certificate from the limited company's register entitled to start business (in the case of a limited company).
Certificate of the Board of Investments (in the case of a joint venture of a foreign company). After deducting service charges and closing fees, the remaining amount is handed over to the customer and the account is closed. When the bank receives a confiscation order (a court order that seizes the debtor's property after a judgment in the hands of a third party.
The garnishee on whom the order was served holds the judgment debtor's assets until the court determines who is entitled to the property. When the bank receives notification from the customer about the transfer of the balance for crediting his account by him to a third party. The customer is then given his checkbook after signing the register book.
If the customer needs the emergency of the check book, then he is given the Non-MICR check book instantly. The bank checks the deposits made throughout the day and sends it to the central clearing section of Bangladesh Bank. Most of the banks have a clearing account with the national bank and using that records delete the confirmed benefit segment.
This is a type of order where the bank gives orders to other branches to give the said money to the customer. Here the cash is received from the customer and payment is made to the customer. At the end of the payment and cash received is adjusted with the beginning balance and finally the ending balance it got.
Cash received by the customer's deposit, check, demand context, payment order or payment of other accounts. Around the bit of the strategy, the cash expert gives the shop slip to the computer department an area for placement reason and returns the customer's duplicate.
Chapter-4
Analysis and Findings
Conclusion
Sonali Bank is the largest bank as well as the largest supervisor in general company and private territories in Bangladesh. The bank undertakes the important work of financial improvement by advancing modern departments by giving all the regular financial administrations only some special financial exercises for the economy. As an association, Sonali Bank has earned the notoriety of the best banks operating in Bangladesh.
So in the end it tends to be said that every association has its positive as well as negative results and if there should be an instance of Sonali Bank presence of the later one, it is not exactly the previous one and since the administration is determined to arriving at the choice of performance it seems that in the not too distant future the negative will be disposed of.
