T
ROAD BRANCH GUJRAT.
Internship Report Submitted to Faculty of Management and Administrative
Sciences
MBA(3.5Year) Finance
Session
(2011-2015)
UNIVERSITY OF GUJRAT
Date of Submission 15/09/2013
Dedication
I dedicate to my dear Parents, Bank staff member, University Of Gujarat
and my respectable Teachers whose guidance is always with me.
1.Acknowledgement
First problem that every student faces is the choice of a organization for internship. I
am thankful to my friend Mr. Nauman for helping me out in time of disorder. I am
thankful to UOG for give me this chance. During our course I had a real chance to
learn fr om his huge knowledge and vast knowledge. I would like to thank all those
persons who helped me in finishing my project work.
I am very thankful to staff members. I am thankful to the Bank Manager,
Mr.Tassadaq Maqbool Malik
internship from 17.07.2013 to 27.08.2013. Finally I am thankful to the most gracious and
Almighty Allah who gives me the power that I perform my mission with powerfully.
1.
2.Table of Content
Serial No.
1
2
3
4
Chapter # 1
1.1
1.2
Chapter # 2
2.1
2.2
2.3
2.4
2.5
2.6
2.7
Chapter # 3
3.1
3.2
Description
Title Page
Internship Certificate
Dedication
Acknowledgement
Table of Contents
Executive Summary
Introduction, overview and structure of organization
Brief Introduction of The organization Business sector
What is Bank
Overview of the Organization
Brief history
Evolution of Banking in Indo-Pak Sub-Continent
Present status and history
Vision & Mission Statement
JS vision Statement
JS mission Statement
Branches Network
Nature of the organization
Business volume, reward honors & success Stories
Business volume
Reward honors & success stories
Products and services
Products
Kamiyab business
Retail banking
Rupee plus account
Rupee current account
Pls rupee saving account
3.3
3.4
Page No.
2
3
4
8
9
9
9
11
11
11
15
17
17
17
17
17
18
18
18
20
21
21
21
22
22
22
23
23
23
23
23
23
24
24
24
WIFT System
24
Letters of Credit
Cheques
3.5
3.6
3.7
3.7.1
3.7.2
3.7.3
3.7.4
3.7.5
24
25
Payment Order
Mail Transfer
Foreign Remittances
Short Term Investments
PEST Analysis
Political (Includes legal &Regulatory)
Economic
Social
Technological
Role of JS in economic development
Organizational Structure
No. of Employees
JS of Pakistan, Head Office
Hierarchy of JS
Introduction of all Department
Cash Department
Clearance Department
Advance Department
Remittance Department
Deposit Department
Account Opening Department:
Credit Department
Government Department
Comments on the organization structure
WORK DONE BY ME
Branch Introduction
Branch Profile
Branch Hierarchy
Starting and Ending Date of Internship
Supervisor
Weekly time Table
25
25
25
26
26
26
27
27
27
28
29
29
29
30
30
30
31
32
32
32
33
33
34
35
35
35
35
36
36
36
39
39
40
40
41
3.7.6
3.7.7
3.7.8
3.7.9
Chapter #4
4.1
4.2
4.3
4.4
4.5
Chapter # 5
5.1
5.2
5.3
5.3.1
5.3.2
5.3.3
5.3.4
Chapter#6
41
42
42
43
45
45
46
46
46
47
47
48
48
49
49
49
50
50
51
52
52
52
53
53
53
53
54
55
55
56
57
57
58
58
59
59
59
60
Opportunities
Threats
Recommendations
60
61
61
Chapter#7
References
62
3.Executive Summary
In order to understand my knowledge and effective
skills, I have performed 6 weak Internship at JS Bank of Pakistan, G.T Road branch
Gujrat. The purpose of the internship was to survey the issues related to finance and
the completion of financial conditions, which I learnt from my course books. In this
report, I have given a very lengthy analysis of what I have seen and felt during my
Internship in Loan department, cash clearing account and customer service I have
mentioned all of my dynamic and reactive education in my Internship report. During my
internship, I wind up the strengths of the organization as good energetic location, online
banking, routine process and big place. According to my inspection during internship the
JS maintains an brilliant location in banking sectors in Pakistan and this is based on the
generally presentation of JS Bank of Pakistan. The objective of this Internship was to
survey the issues linking to Finance and to find out evils about the academic concepts
with sensible practice working in an organization during the internship and study the
system of JS Bank of Pakistan. According to my information there are much possible
perfections, which we can make positive changes in the system of JS in future years.
Additionally, I have discussed regarding my learning skills and capabilities in the
whole permanent status that is all about the Operation behavior banking Terminologies
and working actions of Finance sector. I have made it possible to write each and every
thing that I have learnt over there. I have all my useful hard work in the form of these
documents thats the asset for my future line of business.
In this report the full investigation of the organization has been complete and the
economic, technological, management and strategic aspects have been evaluated to
examine the current location of the organization. All the information in this report is
based upon my inspection, interviews and useful connection in unlike tasks through my
internship at JS.
INTRODUCTION
JS Bank Limited has been produced after the combination and merger of
Jahangir Siddiqui Investment Bank Limited and commercial banking operations of
American Express Bank Ltd Pakistan. JS Bank Limited commenced operations in
Pakistan as a totally programmed bank on December 30, 2006. JS Bank
Limited also has a major trader warrant for government secu ritie s startin g the
S ta te Ban k o f Pa kista n. JS Ban ks heart is to gi ve a qual it y an d
inn o va ti ve choi ce o f ban kin g militar y and good s. The Ban ks ke y
be ha vi or can be categorized into three Business Units:
The Bank is a man who lends you an sun umbrella when the climate is light and
takes it missing when it rains.
1.2.What is Bank
A bank is an organization for the keeping, loan or exchange of money for
sanction credit, for transferring money by house foreign bills of exchange. It is a channel
during which currency moves into and out of flow. As it is clear from the definition of
banking, the main movement or function of banking is borrowing and lending of money
with a scope of increase. However, as far as the current day banking is disturbed, there
are a number of special banks, set up under specific different objectives, performing
arts a variety of functions.
According to KINELY
A banker is an organization which receives deposits and advances loans.
According to GILBERT
A banker is a trader in investment or more correctly a trader in money. He is an
agent party between the borrower and the lender.
According to CROWTHER
A bank collects money from individuals who have it extra or who are save it out
of their incomes. It lends money to those who need it.
According to COULBARN
Banks are a variety of firms for the safe keeping of money and to granting and
transferring of credit.
steps
in
the
economic
services
industry
in
Pakistan.
In 1999, the market share of 22% and ruins the largest financial institution in Pakistan.
Following is the brief the past of JS Bank of Pakistan
2.7.Branches Network
ONLINE BRANCHES
JS SWIFT Network
Customer
facilitation
Centers
OVERSEAS BRANCHES
No. of ATMs
Islamic banking
Chapter # 3:
1286
13
16
23
203
8
programmed in Karachi Stock Exchange (KSE), Islamabad Stock Exchange (ISE), and
Lahore Stock Exchange (LSE).
1149578
leave
927421
Advance
525046
savings
319531
investor justice
110520
Pretax Profit
26011
17605
10.47
figure of division
1300
quantity of worker
16924
Best Return on Capital for 2006 between all Banks in Asia. - Banker
Magazine in July 2008.
Business
KamiyabBusiness
A host of free military and benefits make the kamiyab business account the perfect
catalyst for the growth of small and large business alike.empover your business to
achieve more with the kamiyab business account.
Features:
Free online inter-city funds transfer
Free returned cheque(external)
Free demand draft and pay order issues
Additional free services upon maintenance of PKR 50,000 monthly average
balance includes:
Counter cheque
Collection cheque
Retained mail
Stop payment
Cheque book issuance(25 leaves)
Telex/postage
Statement issuance
Balance certificate
Small locker
Visa debit card issuance
Visa debit card annual free waiver
Retail Banking
Retail Banking at JS Bank offers a selection of products and services for
both depositors and borrowers at aggressive rates. Please call or visit
our Retail Banking team to discuss your financial needs. You may take a
photograph of the Products & Services in the menu on the left-hand side of the
Features:
different tenors
Expenditure of profit base upon your alternative.
Foreign Currency
Current & Savings balance sheet in USD, hammer Stage, and Euro are
presented.
Loans
Finance
Account
&
Running
We offer operation finance & Loan services against Deposits and Govt. of
Pakistan securities to be used as guarantee. A committed Relationship officer
will seem after all your credit wants.
rapid payment
workable duty
Fast and reliable way for receiving money transfer from across 190
countries & territories worldwide.
No bank report wanted.
standard money transfer are generally offered within notes for pick up by the
receiver
Receive inner payment from everyplace in the world.
SWIFT transfer
condition of the art overseas money account funds transfer system. From
Pakistan to overseas and vice versa. Local system be relevant.
State of the art SWIFT mode of expense, ensure funds transfer in straight time.
safe and competent freedom system for inner and external expenditure
Hassle free
relaxed environment
No need to continue bank account
9 to 5 Non-stop banking
We offer 9 to 5 non-stop banking armed forces at our cash counters (for
Pak Rupee transactions only
CarAamad
is an repayment based lend which will be comprehensive to persons as well as
businesses for buy of new/used/imported vehicles.
expand Payment facility We believe in distribution the joy of our clients by giving
them repayment, which are aimed at making consumers car buying knowledge an
moving occasion.
Eligibility
Pakistani nationalized
Salaried OR Self-employed
smallest amount 20 & Maximum 65 Years Old (for business/self-employed
persons)
lowest amount 21 & Maximum 60 Years Old (for paid persons)
least net salary 12,000
1 month 1 year employ (situation apply) or 1 year industry
Payments
1. No Down sum before agreement
JS Bank is the fast and hassle free route to the car of your selection. donation no
down payment and processing charges till your submission is accepted.
Walk DOWN
Step down allows you to pay advanced at the opening with your
r e p a y m e n t r e d u c i n g i n subsequent years. Payment during the period of the credit
ruins reasonable.
3. Processing Charges
A processing charge of Rs.4000/- will apply after approval.
4. Repayment Options
JS Bank offer you more then one compensation option.
PDCs: You can pay back your loan via PDCs (job old Charges).
AADI:
Comprehensive indemnity
indemnity financing for the first year/ up front insurance
Enjoy security and complete peace-of-mind as JS auto loan becomes the product which
offers you a free Tracker device installed in your car.
Markup Rates
JS Bank offers the car financing facility at the markup rates initial from as low as 15%
per annum.
Documents Required
CNIC (copy)
Coming Soon
individual Loan
Mortgages
Muhib-e-Watan
calculated in particular care in view the needs of the beneficiary of foreign
remittances, the JS bank Muhib-e-Watan account give you great benefits and a
improved rate of go again.
Features:
huge profits, paid every month
Account tailored specially for Muhib-e-Watan account holder
Fast and easy account opening
Account opening with just PKR 5
In agreement with the state bank of Pakistans PRI program-funds from
anywhere in the world may be transfer to the Muhib-e-Watan account
Amounts from any bank account may be transfer
In addition, avail the following benifits fee of charges:
Issuance of cheque book(25 leaves)
Issuance of JS Bank visa debit card with yearly fee waiver
Pay order and demand draft
Telebanking
Returned cheques
RoshanKal
Be ready for any face life throw your way, with JS Bank Roshankal,an investment
plan that gives you the dual benefit of attractive returns plus a important sum of
life insurance treatment. So step up and busy life to the max,as we have you
enclosed for the likely and the unexpected!
Features:
Fund collection choice
The longer the plan is nonstop the top the returns
Internet Banking
Log on to a world of perfect convenience and continuance with JS bank internet
banking. With state-of-the-art security, an ever rising list of services and a host of
benifits benefitting all types of account holder, exceptional banking is now at your
fingertips.
Features:
Sms alerts
e- statement
Be on top of all movement in your account with the js bank sms alert service.
with your mobile phone in hand you are never for missing from care track of
all that goes on with our comprehensive list of communication enclosed. And
if that is not sufficient get a birds eye outlook at any time or regularity of your
choosing throughout JS bank e-statement.
Features:
3.3. Services
3.4.Demand Draft
If you are looking for a secure, immediate and dependable way to move money,
you can now buy JS bank Demand Drafts at very sensible rates. Any person whether an
account holder of the bank or not, can purchase a Demand Draft from a bank branch.
SWIFT System
The
SWIFT
system
(Society
for
Worldwide
Inter
bank
Financial
Telecommunication) has been introduced for quick armed forces in the area of home
remittance. The method has built-in features of programmed test keys, which eliminate
the manual application of tests that often cause delay in the payment of home
remittance.The SWIFT Center is ready at Js Bank of Pakistan with a collective right of
entry number JS-APKKA. All JS abroad branches and abroad newspapers (over 450)
are picture remittance during SWIFT.
Letters of Credit
js is dedicated to contribution its business clients the widest range of options in the
region of money convey. If you are a profitable project then our Letter of Credit examine
is just what you are looking for. With aggressive rates, security, and easiness of
transaction, JS Letters of Credit are the most excellent way to do your business
connections.
Cheques
We are moving back money from his account by printed cheque of report.
Payment Order
If the client or account owner needs to make payment within the city, then this is
complete through P.O. It cant be cancelled without the permission of mutually parties. js
provide another cause to move your money using our services. Our pay instructions
are a safe and simple way to move your currency from one place to one more. And, as
common, our charge for this service is really aggressive.
Mail Transfer
It is quicker mode of transfer money than demand draft. Mail transfer is the inter
city transfer of money among two branches of a bank, through mail/currier. Move your
money securely and rapidly using JS Mail move service. And we also present the most
spirited rates in the marketplace.
Foreign Remittances
To make easy its clients in the area of Home remittance, js Bank of Pakistan has
taken a number of actions to:
raise home remittances through the banking system
gather the SBP commands/orders for timely and timely delivery of remittance to the
beneficiary
Economic
In Pakistan, and trend in financial development, duty, and the level of community
spend, throwaway profits, and development in the employment / unemployment, barter
rates, tariffs, price rises, and prices bring in sell abroad, and levels of presentation may
be simple and high prices affect our business. The economic position in Pakistan is a
stoppage major challenge opposite Pakistan economic and improved deficiency and job
loss, and the fiscal deficit and the high and low investment has been inferred internal
break down of goods down with improved order and higher import prices to reason an
increase in price increases to 12 percent in 2009-10 percent and 25 in the first part of
last year. High charge of deficiency, joblessness and inflation has a depressing shock
on our production.
Social
Demographics (grow old, sex, event, relations volume etc.), and changes in way of
life, changes in people, culture, trend, fad and variety, migration / migration, physical
condition and quality of life and trend home, style, and the place of the work, can
consider, and work and earn ability have a important shock on our business. Pakistani
people are indifferent for the acceptance of European style.
Technological
Can globalization and the technological revolt and invention, discovery and
investigate, and power application / petroleum / source and transportation, construction
development and the PC, the Internet, and transport, etc. affect our big business.
Organizational Structure
5.3.1 ORGANIZATION CHART OF JS BANK OF PAKISTAN
DESIGNATIONS FO HIGHER LEVEL OFFICERS
PRESIDENT
VICE leader
GRADE 20
GRADE I OFFICER
GRADE 18
GRADE II OFFICER
GRADE 17
No. of Employees
According to annual report 2012
Total number of employees
23000
Head
office
of
JS
Bank
of
Pakistan
1st Floor, Sheehan Commercial Complex, Dr. Ziauddin Ahmed Road, Karachi, Pakistan
JS
Bank
of
JS
Pakistan,
Head
Office
Building,
Phone:
526524105
Email:
enquiries@jsbank.com.pk
Url: www.jsb.com.pk/
into
special
parts
according
Cash Department
The most significant section in the bank is Cash section.
Cash section performs the subsequent function.
to
the
function
is
called
Receipt
The money, which also come or goes out from the bank, its proof must be reserved.
Payments
It is a bankers main contract to pay back money traditional for this customers account
generally by worship his cheques.
Clearance Department
Following are type of cheques composed for clearing:
clearance cheques
Transfer cheques
Collection cheques
.Bank is get ready two book for record of cheques
In-Word Clearing Books
Out-Word Clearing Book
Advance Department
Advances section is one of the mainly receptive and important department of the
bank. The major part of the income is earned through this section. Every bank has a
department which advance money to borrowers.
Principles of Advances
There are five principle, which must be accordingly practical while advance money to
the borrowers.
Safety
Liquidity
Dispersal
Remuneration
Suitability
Forms of Loans
In adding to buy and discount of bills, bankers in Pakistan usually lend in the form of
cash money, overdrafts and loan. JS provide advances to unusual people in different
ways as the case order.
Cash Finance
Overdraft/Running Finance
Demand Financing/Loans
Remittance Department
Allowance means a sum of cash sent in payment for impressive This department
deal with either the move of money from one bank to other bank or from one branch to
another branch for their clients. JS offers the following forms of remittance.
Demand Draft
Telegraphic Transfer
Pay Order
Mail Transfer
Deposit Department
It controls the following activities:
A/C opening.
Issuance of cheque book.
Current a/c
Saving a/c
Cheque cancellation
Cash
3.7.1.
This department is connected to open new the books of the customers and taint
opening of an account is the organization of the connection among the bank and client.
Branches. Following are the types of accounts open in the JS
Current
PLS SNTDR
PLS saving
FC
PLS term
Premium saver
BBA
Call deposit
Trade Finance
Ijarah
Corporate Banking
Regional Manager
Regional manager is on the peak of the pecking order, is liable before the board of
directors for accomplish the bank or organization business in north district according to the
panel set procedure and policy, and accepted events and laws. local manager honestly account
to the country head.
Branch Manager
Branch manger Mr. Malik Tassadiq Maqbool is the dependable for formative the
incentives and plunder of the employees, evaluate their presentation, ensure the sufficiency of
their qualifications-experiences-professional skill, and upward them constantly. BM operate in
agreement with a set come near top all the branch behavior with regard to review and evaluate
all the banking operations it has, providing credit, and various managerial and monetary matter,
as fine. Branch manager report to regional manager from the report to country head.
Operation Manager
All junior/ senior officer report to business manager. Operation manager maintain
organization among branch manager and all junior/ senior officers. Banking sectors prepare
group for the project only in which one section helps other department to hold employees but
not eternally.
Senior Officers
There are four older officers in the branch. Senior officers regarding their department
report to the operation manager. Senior officers of credit report straight to the branch
manager.
WORK DONE BY ME
Branch Introduction
During my internship in JS Bank of Pakistan I enjoy to work with staff of branch,
from 17.07.2013. to 27.08.2013 and I have a wish employee of js Bank of Pakistan. In
this time I try my best to know all departments of bank.
Branch profile
Branch Name
Branch Code
Address
Phone No
Fax
Tehsil
District
Division
Province
Status
Email
Supervisor
Mr. Waqas Arshad
Weeks
Account
Opening
Account
Opening
Account
Opening
Departmen
t
Account
Opening
Holiday
Account
Opening
Account
Opening
Account
Opening
Date
17/07/2013
Week 1
18/07/2013
19/07/2013
Weeks
Date
Wedneaday
Thursday
Friday
Day
Daily Work
Introduction with all the Staff
member of the branch
Introduction
to
Account
opening Department
Receiving
the
account
opening form
Monday
Daily Work
Receiving the application and
issuing Cheque Book
23/07/2013
Tuesday
24/07/2013
Wednesday
25/07/2013
Thursday
26/07/2013
Friday
22/07/2013
Week 2
Day
Signature
Departmen
t
Weeks
Date
Day
Monday
Advance
29/0/2013
Advance
30/08/2013
Tuesday
31/08/2013
Wednesday
Advance
01/08/2013
Thursday
Advance
02/08/2013
Friday
Advance
Supervisor
------------Departmen
t
Week 3
Weeks
Advance
Advance
Daily Work
Introduction
in Credit Department
Introduction
in
Department
Introduction
in
Department
Introduction
in
Department
Loan against gold
Date
05/08/2013
Week 4
Advance
Advance
Advance
Weeks
Day
Credit
Monday
Daily Work
Loan against Gold
06/08/2013
Tuesday
07/08/2013
08/08/2013
09/08/2013
Wednesday
Thursday
Friday
Date
Credit
Signature
Credit
Signature
Day
Monday
Daily Work
Government
12/08/2013
Government Week 5
Remittance
Remittance
Remittance
13/08/2013
Tuesday
Pension Payment
14/08/2013
15/08/2013
16/08/2013
Wednesday
Thursday
Friday
Introduction of Remittance
Introduction of Remittance
Demand Draft
Weeks
Date
Pension Payment
Signature ------------Day
Daily Work
Remittance
19/08/2013
Monday
Demand Draft
Remittance
20/08/2013
Tuesday
Payment Order
21/08/2013
22/08/2013
23/08/2013
Wednesday
Thursday
Friday
Payment Order
Online Transfer
Online transfer
Remittance
Remittance
Remittance
Week 6
Weeks
Week 7
Date
26/08/2013
27/08/2013
Signature ------------Day
Monday
Daily Work
Introduction of Clearing
Tuesday
Inward clearing
Signature -----------
The reason was give a faster look the work of whole of banking organization I use a four
or five days in each part to learn more and more staff necessary its community meeting
a great learning knowledge.
Current account
This is depend on customer which account opened demand When a bank
believe to satisfying the apply for that is responsibility of bear to pay all check pinched
etc. and the boundary to equilibrium to his report due to natural world these deposit
account the accountability of the bank and the bank of Pakistan are not giving a profit
on this account and the obligation of customer to the smallest amount balance and
deducted the charge on current account service. This is the most significant function of
current account customer are remove money any time from his account there is not any
charges paying to bank in this account not giving profit to customer and not any entry
fee charge from customer. Current account use for fixed put down when customer
opening a fixed account first to open a current accounts that is use for income withdraw
that earn from fixed account. client draws a check on bank and withdraw profit each
month.
Saving account
And the second account is profit and loss economy account customer can open a
saving account the set down a very small amount of cash in saving account not any
service charge paying to bank in this account if a definite amount for specific time time
then bank work out a earnings and give to customer that are salaried after 6 month and
the cheque book issues to customer for the withdraw money from his account. There is
no limit on withdraw from deposit account and not give confidence to needless
withdrawal of deposit that policy allowable the state bank of Pakistan saving plan flor
students in college and institution of higher education and as well as manufacturing
work. And the other reason of encourage the routine of saving in public and the first put
down are very less necessary. And all report are open free of price to client.
Fixed Account
Third is a fixed account bank are ability to our client of fixed account in this
account bank are fixed a definite amount are set for specific stage and open a present
account for withdraw a earnings every month that is regularly five to ten year.
Customer name:
at first enter the name of the customer total and in agreement with the NIC card
and the name of the corporation and according to business papers if a person of the
paid class enters their manager person's name.
Address:
Enter the full address in Business Administration / residential. The customer is
responsibility to provide a valid address.
Contact number:
go into the house and the executive mobile number and e-mail address (if any).
Can confirm the number of banking by give a call or send an e-mail message to him on
the client.
Special instructions:
We obtain all the orders from the client. If the client must not given particular
commands column is deselected by picture a row, and this must not be a blank article in
any condition.
Joint Account
For opening the joint Account necessary the both human being NIC copies.
Specimen Signature
The name of candidate for the reason of safety take on definite in this card mark
a name of account holder and the account number that are problem to customer and
these card scan by the by of scanner and record in our computer for by any time when
require it.
file the slide put in his accounts for first amount first trample of branch on peak on
slip then write the name of account then write Account Number, write the quantity that
put and signature of saver.
First stomp of branch on top on slip then write the name of account then write
Account Number, write the name of these bank that cheque put, and write the number
of cheque and name of saver.
Zaqat Affidavit
If the customer gives a Affidavit paper of zaqat then no zaqat are deducted in his
account if these affidavit not give the on 1st ramdan deducted zaqat every year.
Letter of Thanks
Letter of appreciation is the latter issue by the bank to the client for two purpose
1st purpose is to say appreciation to the client for opening the account in their bank 2 nd
reason is to verify the speak to provided by the client while opening the account.
The cheque book print in head office in Karachi we are open a website which is use for
cheque book that are NIFT than the officer login and first write a account number and
name of account owner and choose cheque book that compulsory.
Payment of cheques
In the JS bank of Pakistan I study how to create a sum of cheque. First filing the
cheque first name of barer or personality after that write a date and amount that are
compulsory to customer mark in statement and then after that write in shape then the
name of account holder front on cheque under the right place of cheque and give to
BBO that are examination customer balance if assemble to that draw a cheque then
stamp of verify signature and pay money then reorganization a cheque in system and
stamp of reorganization and further to manager checking check and sign and submit to
casher and stamp of salaried cash and name of receiver on back of cheque and pay
the quantity.
Cheque cancellation:
These are the some following condition the cheque are cancelled
Write any outlook date on cheque
Any overwriting on cheque
caution out cheque
Wrong signature of account holder
diversity in shape and statement quantity
If the inadequate self-confidence in client
Any extra incorrect satisfying of cheque
The account can be stopped up from the account holder at any time.the
customer file the account concluding account shape and submit in bank then bank are
all quantity salaried to customer and closing the account and customer go back cheque
book to bank and the office cancel all the outstanding cheque in cheque book.
3.7.6.Advance Department
This is the the majority important section of a bank is go forward section and
bank earn a huge segment of income through this section. And the each bank provide a
advance to client and earn a income in JS G.T Road Branch Gujrat.The move forward
section is a essential reason to give a loan to customer small expression and extended
term together but in this branch provide loan only next to Gold mortgage. Officers make
a proposal of loan and get all in sequence from customer that is required. And the main
meaning this division takes a loan at loan attention and gives the extra cash to client at
far above the ground speed of notice.
manager of goldsmith. Then the customer come in bank and casher check and
checking the mass of gold and then write the quantity of loan that are provide to client.
Then Haider Ali suit a suggestion of loan online satisfying the form on computer then
these form written in firm form and name of customer all page of suggestion and distant
the three lawful stomp paper and three other voucher become one a Debit voucher for
the expense to customer amount one for indemnity and other withholding duty then
submit to manager check all suggestion and name on proposal that vouchers
compensation to casher on answer and one withdrawal voucher that the casher sum to
client.
The these suggestion reserved in a divide folder then satisfying these trample paper
and open a account in ledger register first write the name of customer and lecture to of
customer then write a NIC of customer and Phone number date of birth and the amount
of loan write in debit article and all the in order and what kind of jewels and its mass and
the market price of gold and analyze the withholding tax and indemnity write in record
then these register make sure by casher and name of casher and Manager.
Then these file refer to account opening section then open the account online and
printout the suggestion and name by customer these bookkeeping opening form kept in
folder and these folder reserved in proceedings in banks client receives cash and go to
house.
punishment assign from statement bank of Pakistan unpaid to the cause any mistake or
nor finished employment and complementary.
Government Payment
Traffic Chillan
Payment of Pension
First file the retirement support imbursement arrange mark the PPO and the
name of pensioner and the name of pensioner two place and write amount of pensioner
payment then we two printed use one confirm stamp and 2 nd is paid cash then submit to
managers name on register book and retirement fund book and on allowance sum
arrange Then manager provide to casher retirement fund book and retirement fund
expense order casher reserved the pension payment order and pay money to
pensioner.
Make a Scroll
At the finish of day these all retirement fund evidence in pension proof list and
then create a scroll on Excel sheet mark a name of pensioner, PPO number of
pensioner and quantity that are sum to pensioner. And create a debit voucher and
propel to major branch Daska by postage.
Online transfer of
Demand Draft
The significant form of convey is order draft. The purchaser satisfying request
form for subject demand draft, on this form the name of sender and account number of
sender and take in the name of receiver. And the customer submit amount of DD in
branch then the making a demand draft and give to the customer. If the customer are
account holder then first put amount in our account then draw a cheque and JS charge
receive 130 rupees for account owner if the customer is not account owner then pay a
tax and bank charge. And two type of DD
a)
Open DD:
b)
Cross DD:
Pay Order
Restricted salary for the move of funds are set. Pay order is the the majority
suitable and easy and secure form to move one put to other. JS bank Pakistan is not
charge any charge to creation of pay order, bank are daily operating cost salaried by
sum order for instance the payment of charges of information paper then make a sum
order and signature of receiver of payment order on back are two and one on payment
order book then the customer show these payment arrange to casher and casher be
given pay order and give a money to customer and reserved ka pay order post ring of
option and cipher the request. If the customer needs to disburse in cash, then cash is
submitted by the customer with the bank charge and preservation tax and only cost is
deduct. If the customer pays by cheque then we are not charge a maintenance tax from
client.
Computer Department:
These department head by the Muhammad yousaf are drama the all purpose of
computer section the essential purpose of computer section to give the ability to
customer in the sum of cheque. These are the major purpose that are do by computer
section are as follow.
Posting of cheque
Dealing E remittance.
Foreign Remittance
Payment of Western union
We take delivery of a Ten digits number and copy of CNIC of customer and unique
CNIC then open a logion then enter number then enter the CNIC number of customer
then enter that turn into a payment and printout on page two name in front page and two
signature of customer support side of paper and the cash paid stamp on front side.
Then send to casher stamp cash sum with date and provide money to client At the end
of daylight hours all account are generate and print out on page and create a credit
voucher F16 send to major branch Karachi by postage.
Payment of E Remittance
This same procedure as to western union but in E payment write name, speak to,
phone number NIC number, subject date of NIC and end date of handset, and name of
dispatcher. Then go into and print on page. Two signatures in front page and two
signature of customer back face of document and the money paid trample on face
surface. Then send to casher trample cash sum with date and give money to customer
At the end of day all report are generate and print out on sheet.
business incomplete by put the trample on the usefulness bills receive cash stamp and
date of receive and the signature of the cash officer receiving on the utility bills. Bills are
alienated into two parts one part go back to customer and additional reserved in bank.
At the end of day all bills arrange and making a collected record on excel sheet that is
called scroll. One copy reserved in file of bank for evidence and one roll copy send to
WAPADA Sui Gas and PTCL office. The bank charge charge on the bills.JS bank
charge Rs. 8 per bill collection.
4.2. What are the skills and qualifications you think you have gained
from the training?
Previous to the create of preparation in my JS Bank of Pakistan, I believe it was
a incessant to do in a bank since the student does not illustrate a real consideration
sensible job. I have educated more skill and writing are whole skill explain is more
difficult task. Always some are hidden skills that can only come known stage.
How to expand a place to do hard work in the bank and the presentation are
augment the also whole of the age. How to show the frequently and to commitment to
the bank and to commerce with customer of staff member of bank and in difficult
position we are not take a any tension and make customer sense that they trust you and
resolve the exit evils.
among the work presentation and your existence method so they message on
top of all my work and power authority and add to the skills of computer and how to
work with generation in our work life and management of our worker and timekeeping
and sprint to proper time table. And the significant I have erudite a lot of skills and
dealing with hundred customers in a day and the breath of customer with reading
performance and announcement by the by of way of chatting with us. And any worker is
work done is outstanding and to how confident it.
4.3. What kind of responsibilities that you have undertaken during the
training period?
The following everyday jobs assign me.
4.4. How do you think the internship will influence your future career
plans?
I have use of our time of internship some in all-purpose banking and the
distinction everyday jobs are allocate in the age of preparation in every department. I
have in the age of internship I shall talk in the general about the obligation that are
some significant points are discuss.
First of all I undertake the blame of timekeeping and the growth of the position
you require it in a opportune so that everybody can develop harmful thoughts
about me.
And the second is work hard and achieve the tasks assign in a timely way. That
is a most significant for any achieve a winning in business.
Third I learn amazing novel in the sports ground.
4.5. How do you think are related internship activities that you carried
out are correlated with your class room knowledge?
I have some uncertainty about the banking system in Pakistan before the start of
preparation in a bank my friend and relative give a proposal to internship in any other
business but I puzzled brain in every mind. And there is knows fault that the procedure
tricky for the bank if any small error become a big evils and every day total a work at the
end. After closing the day all work is checked them. And I have decided to working in
banking sector in the future because I am considering in the good-looking work in the
future time era because I are very enjoy and happy ready in banking sector if in banking
sector give me a best letters of salary I prefer to banking job.
Second part is a among the preparation session in banking sector and the
information of class room I have done if my insight I have my own sensitive that the
class room work information and the effective in the marketplace is not joined also a
great deal in the estimation
And the big advantage of classroom study is that and the receiving any
preparation in any business association in any meadow and I able to tell the serious
information to any association operational rules. Throughout
organization after conclusion of degree then we are do efficient work in any association
due to that the benefit of internship that are knowledge many to you. Because we are
perform a sensible work before any initial a job. That is improved for him.
Finally I just want to this part most adopt this type of physical condition working in
any group during our educational period we are study more that classroom information
how to use in organization working and that will advantage for student in his outlook.
5.3.1. Strength
And one of the most important products in the JS is a huge strength.
Bank generally relying on customer service
Customer gives ideas to improve the effectiveness of bank and bank welcome to
5.3.2. Weaknesses
In my opinion these are the points that could determine the efficiency and
profitability of the bank.
In branch culture are mixed
Branch are located in village
And branch is new setup online
5.3.3. Opportunities
5.3.4. Threats:
Chapter#6 Recommendations:
Regulatory issues connected to the regulatory authority is received
An expert staff physically presents at the committee of senior officials bank
received complaints from customers and criminals should be caught red- handed
person.
Box is such that no individual complaint outside the box can be accounting to the
papers.
As the head office is addressing pension, old age pension holders especially in
this branch facilities should be increased to provide.
www.jsb.com.pk
www.wikipedia.com
www.scribd.com.
Friends cooperation
Personal Observations
Orientation books of JS
And customers of JS
Annual Report of JS Bank of Pakistan 2012
Staff Member of JS Bank G.T road Branch Gujrat