BANK ALFALAH INTERNSHIP REPORT PDF

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This internship report of Bank Alfalah Limited Bahawalpur where I spend 06 weeks in almost all departments of bank. I worked with all staff of bank. Internship Report on Bank Alfalah – Free ebook download as Word Doc .doc), PDF File .pdf), Text File .txt) or read book online for free. BANK ALFALAH LIMITED Internship Report submitted to the Faculty of Management & Administrative Sciences in Partial Fulfillment of the Requirements for the.

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He got his code inscribed on the block of diorite about 8 feet tall containing about paragraphs which deals with nearly all aspects of loans, interest, pledges, guarantees, natural accidents, loss, theft etc. Bankers should avoid filling in the AOF because it can create problem if the address, title of account or any other information provided by the customer has not been written properly. In case of vehicle, a due date diary is to maintained for lodgment of PDCs.

We will continue to strengthen our position as the leading provider of quality financial services in Pakistan. This department includes settlement of all algalah relating to cardholders, Merchants, Treasury department, Reconciliation settlements and preparation of financial accounts. Then total number of cheques presented to all banks and their total amount is written on the foot of that schedule which is tallied with the clearing register. They are aware that they have stepped into the 21st century and they must meet its rreport by acquiring the highest levels of Technology.

The auditing procedures are used to check and verify performances and targets of all the staff, at branch level, at higher level, and also to see the target levels and benchmarks that we are supposed to achieve from our sales etc because of our customers.

Assignment Point – Solution for Best Assignment Paper

By using this list people of Accounts Department can prepare the vouchers. Alfalah Credit Cover has a range of features designed to protect you and your family from the setbacks of life, at rates that are affordable. The cash details are written on the back of the deposit slip and are also entered in cash receiving register. Its profits are increasingly year by year.

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Current account is mostly opened for business. This account is mainly used for business purposes.

Information Technology today is all pervading in the corporate world. This notion has given us strength internsip face the future challenges. During the internship a student comes to particle knowledge. Assessment of the needs and wants of customer is an on going process at Bank Alfalah, which help to centennially develop new products of services.

Cash receiving officer receives cash along with pay-in slip from the customer. A term deposit is a deposit that is made of a certain period of time. Today as we look back towards the milestones achieved, we repory filled with immense satisfaction, to have come such a long way since inception of the car finance business. These cheques are scrutinized and cheques for local clearing are separated from OBCs.

It is just like current account the difference is if average balance is maintained at Rs. In the British Banks made a departure from traditional banking by undertaking hire-purchase finance for companies buying industrial plants and machinery and reporr interest on hire-purchase finance. One more signature on the back of the cheque is taken from the holder to match with the first one, and then cash is paid to the payee. At branch level the Operations Department follows marketing practices. The network of bank branches now covers a very large segment of national economy.

Later the bank of Amsterdam was also formed in There rest of the strategies is properly followed and making the bank prospers.

Internship Report on Bank Alfalah Limited – Assignment Point

It is only for transaction purposes. I tried my best internsip present something practically from this opportunity. All the entries are made using the systems which are internally and externally integrated.

The procedure bnak opening the account is as given under: Enter the email address you signed up with and we’ll email you a reset link. With restrictions on upper cap gone, Bank Alfalah has already started booking large ticket loans besides ensuring proper measures in place to counter changing conditions.

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Entry is passed in the cash payment register. Permission is granted by the authorized person the manager. One copy is send to the customer and the other copy is kept in the record along with other documents.

Visa Debit cards, satisfying a much larger customer base in comparison to any other issuer in Pakistan. As Lodhran branch is a new one its employees have to bring their bank among the list of good banks. We will continue to strengthen our position as the leading provider of quality financial services in Pakistan. The signature and account number of the account holder introducing the account to the new person is obtained on the account opening form.

I Rsport Approval for Waiver on All extra charges imposed on customer in case of customer die. This effort may get a student to get a practical experience if right organization is selected. They make customer calls and personally visit the potential customer to convince them to invest. It helps them to co-ordinate more easily for making efficient and fastest consumer services. Balance is fed into the computer.

The Banking structure in Pakistan comprises of: Internship is reporf one of the crucial part of the MBA course and this provide the practice knowledge of what students read about business in their books. His signatures are verified. The purpose of this account is to introduce the habit of saving individuals in the neighborhood.

Form A showing the changes in share capital and share holders 9. Second increase in the popularity of internshil accounts and a large-scale use of cheques. In this all the vouchers posted during the same day are sent to the accounts department the next day. This includes area wise verification and also physical certification, legal notices and suits.