Subject: Submission of Internship Report on "General Banking Activities of First Security Islami Bank Limited. It is with great pleasure that I will present the report on "First Security General Banking System Islami Bank Limited". This is to certify that the internship report on "General Banking Operation of First Security Bank Islami Limited" was done by Asib Ahmed, ID as a partial fulfillment of the MBA program requirement from the Department of Business Administration, Faculty of Business and.
I am Asib Ahmed hereby declare that the presented Internship Report titled “General Banking Activities of “First Security Islami Bank Limited”, has been exclusively prepared and updated by me after completion of two months of work in “First Security Islami Bank Limited, ( Joynal Market's Dokkhin Khan branch). I am thankful to Of First Security Islami Bank Limited authority who have helped me by providing effective preferred information from their portal. I will have to give my heart respect and appreciation for the consideration and cooperation given to complete my project work assigned report on the topic "General Banking Activities Of First Security Islami Bank Limited".
I heartily thank all the officials of First Security Islami Bank Limited and my friends who directly or indirectly gave me their support in this regard. I had to complete a 2 month internship program as part of my graduation. I decided to do my internship at First Security Islami Bank Limited at FSIBL, I was assigned to do my internship in two different sections including general banking, check clearing and other activities.
Introduction
Origin of the Study
Objectives of the Study Main Objective
Scope of the Study
Methodology of the Study
Limitations of the Study
History of First Security Islami Bank Limited (FSIBL)
Islamic Banking Situation in Bangladesh
Mission of the Bank
Vision of the Bank
Goal of the Bank
Strategies of the Bank
Products of FSIBL Deposit Schemes
Services of FSIBL
Division of FSIBL
Hierarchy of FSIBL
Chairman- Advisor- Board of Director
Managing Director
Additional Managing Director Deputy Managing Director
Executive Vice President Senior Vice President
Vice President
Senior Assistant Vice President Assistant Vice President
Principal Officer Executive Officer
Junior Officer Assistant Office
SWOT Analysis of FSIBL
SWOT analysis means the bank's strength, weakness, opportunity and threat analysis, it is very important for the bank management to know the strengths and opportunities, they have weaknesses and threats that need to be improved in the banking field. The first security force of Islamic Bank ltd is an Islamic bank based on Sharia. Competing banks meet FSIBL Bank Ltd with a new first & smart banking system.
Function of General Banking Activities
Process of Opening Saving &Current Account Types of Accounts
The current account is a time deposit account and like the current account it is open to individuals and companies and there is no limit for withdrawing money from the current account. Any adult can open this account alone or jointly with others in his/her own name. This account can also be opened by any property company/partnership, limited company (private/public), educational institution, club, community, socio-economic organization.
Required Documents for Saving Account and Current Account Personal Account
Application letter for account opening purposes in agency letterhead. Certified copy of the company and company registrar's memorandum and articles of association Up-to-date trade certificate, TIN and VAT copies of the company and seal as specified in the signatories' resolution and business card. List of the executive committee's representatives and the executive committee's decision on bank account opening and service.
List of members of the Executive/General Committee and decision of the Executive/General Committee on the opening and operation of the Account Bank.
Procedure of Opening & Closing Account Procedure of Opening Account
The applicant must sign two copies of each signatory's photograph (must be approved by the editor) and A/C opening form and KYC form. It is the general right of every account holder to close their account at any time if they are unable to continue, but it also involves some formalities. The person must submit a request to the account manager and the date they wish to close the account.
The check book and ATM card will be returned to the bank to close the account.
Process of Opening Term and Scheme Deposits
Term deposit is refundable after the customer has determined the end of the pre-agreed period. Money will not normally be refunded on a fixed deposit before the end of the set period. FSIBL offers a wealth rate of interest on term deposit accounts and pays on the maturity date of the fixed deposit, so the bank offers a high rate of profit in fixed deposit accounts for 1 month and above but for less than 3 months 4%.Three months and more than and 7%.
One of Bangladesh's Bangladeshi deposit schemes and this offer is amazing for a person with extra money. Applicants must keep their savings account and the profit is automatically transferred to their savings account monthly. Every applicant must have a savings account and the profit is automatically transferred to the savings account every quarter.
Applicants are required to maintain their savings account and profits are automatically transferred to their savings account every month. Possibility to deposit the payment in advance but pay the penalty for the payment due (up to BDT 5000). Possibility to deposit the installment in advance, but pay the penalty for the payment due until.
Option to deposit the payment in advance, but to pay the penalty for the payment due (up to BDT 5000, tk). Option to deposit the payment in advance, but to pay the fine for the payment due (up to BDT 5000,.
Procedure of Opening Fixed Deposits Account
Cheque Book Section
If the date on the test date does not match, the bearer of the check will not sign. If the drawee is found to have committed an offense under Section 182, he would be punished with imprisonment for one year or a fine of double the amount stated on the cheque.
Clearing Section
When FSIBL sends a check to another bank's other person, that bank does the same things with the same procedure to claim the money from First Security Islami Bank Ltd. Authorized' beneficiary's A/C will be credited for realisation' provided Bank Access is provided in the Outward Clearing Register (OBC) Bank Collection can collect access from its branch or the drawer's bank, which will then forward the account to the branch.
Cash Section
When receiving cash from the bank's cash sources and receiving cash, officials must be careful to avoid these types of Mismatched Notes when the customer receives money. First of all, the agents checked whether the deposit slip was filled in correctly with all the necessary information. The agent takes the money, counts whether it matches the deposit slip and also writes the value of the notes on the back of the check.
The officer also writes the figure and words on the front of the check sheet. The officer must take extra care when cashing a check and the officer's cash payments are recorded throughout the day here. Branch name, date, total amount to be withdrawn (in figure and words) and drawer's signature are covered on the check sheet and back side.
Officers who have checked the word 'bearer' have passed away or the check has been received on the back of the check in the name of any foundation by the holder/depositor of the cheque. Total daily cash receipts and cash payments and transfers should be reconciled with the daily cash book and the general ledger total.
Foreign Remittance
Pay Order
Loan & Investment
Locker Service
ATM Both And Card Services
SME Banking
Agent Banking
FSIBL Cloud Banking (Mobail Banking) Transactional Feature
Online Banking
SMS Banking
Findings
Recommendations
This website and software should be developed by FSIBL bank because online banking service is very popular all over the world these days. The FSIBL software, SMS services, I cloud (mobile app) and ATM Booths system should be fast and accurate. FSIBL conducts promotional interviews every three years and promotional interviews should be conducted annually as they can motivate employees more than ever.
FSIBL has no credit card facilities so fast that credit card facilities are provided and debit card facilities are increased. FSIBL should have more staff to run the business smoothly and should have at least three officers at the front desk.
Conclusion
Plagiarism Test
