Bashir Ahmad Khan — Chairman Mr. Shehzad assigned me the task of scrutinizing Cheque numbers, vouchers with entries in computer. This account is usually opened by salaried persons and low profile persons. It deals with foreign currency and foreign exchange. Who can I pay using Askari iNet Banking Service? It should be stale or post dated or without date.
Askari Bank has expanded into a network of 240 branches, including 31 Islamic Branches and a wholesale bank branch in Bahrain. Two types of keys are used to open the lockers. Tasks Assigned to me in Foreign Trade Department??????????????????????????????????????????????? There is no profit and loss on it. Bankers are trained to provide such advices to their customers. Clearing In clearing department, transfer of funds is done between banks. During the year, Bank owned land was revalued and resulting surplus of Rs.
The stock of Demand Draft and Pay Order is being supplied from head office must be recorded in stationary register and kept in locker. The employee has to submit written request to get retirement benefits, his address, account number, family detail, liability certificates: so that he can achieve benefits after retirement. This type of finance is very risky, so the bank charges high interest rates. The bank is finding it difficult to keep the level of its expenses less in proportion to the advances it has disbursed. Bank is providing loan facility to its customers working in all sectors of the economy to make them more develop than before. Representatives of all banks will receive the cheques related to their branch either issued by its branch or other banks. Our valued customers can enjoy the convenience of getting financing on attractive terms with the minimum processing turnaround time.
It started its operations from April 01, 1992. Saving deposits increased by 15. Borrowing Borrowing is an other source of fund when bank need funds borrowing are quick option to generate funds. What are products lines of the bank offers to the customers……. Required Documents Copy of National Identity Card of owner, application of account opening on the letter-pad of the firm, proper filling of form, contact number are required.
By introducing accounts of parties, which becomes undesirable in cause of time. I would like to express my gratitude to the branch manager and staff members of Askari Bank Limited who helped me and gave possibility to complete my report. Instruments handled by this department are demand draft, telegraphic transfer, mail transfer, pay order, pay slip. No cash is needed as such the risk of robbery, embezzlements and pilferages are totally eliminated. These are payable on demand. For partnership concerns carrying on the business under impersonal name it is generally described that the title of accounts should show name of the partners or managing partner. To identify and evaluate the internal strengths and weaknesses of the enterprise.
So there remain less competitive advantage areas for the bank. One key is handed over to customer and other is given to bank officer who keeps other key with himself. The thing that I found really well was that all the staff was trained to use advanced technology. Askari Bank mainly focuses on the communication and confidence level of the candidate as skill can be updated. All details about the customer are collected by bank to know that whether he has the ability to pay installments for the purchase of asset or net. Mostly people who open accounts in Askari Bank are army soldiers, salaried persons.
You will be asked to enter certain personal details for verification purposes. Letter of credit is a written undertaking by importer to exporter to pay at specified date on future. Selected candidates are informed through appointment letters. Located in Sialkot cantt which is a very good area people can easily come to the bank. Accounts department maintains the record of expenses of all the departments, it also maintain the record of all the employees regarding their basic salary, increment, benefits etc. Since it provides an extra service to the customer of banks without any service charges or costs, more and more people are inclined and attracted towards banking.
Maintenance of Budget and stationary: Maintain the record of daily expenses of bank. Askari Bank limited is currently adequately centralized. To solve all disputes Askari Bank, management take action which are very right and then all the employees are happy ad are more committed to their work. Kissan Tractor Finance This is the profit earning account. Bank is also helping to increase the capital formation in country.
Some other purposes are: To develop an understanding of various functions of the bank. After independency it was non possible of authorities of Pakistan to put up the cardinal bank instantly. Madam Samia who is the operation manager helped me a lot. Just in few years bank has been spread in various sectors. Main function of a commercial bank is to enhance the savings from the savers to the ultimate user of funds. Business volume Harmonizing to Askari Bank Limited fiscal one-year study 2009 the entire concern volume of bank are following. Casual Workers: It is concerned with the daily wages workers.