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Internship Report: A Study On "Automated Clearing House of Jamuna Bank LTD."

This internship report summarizes the internship experience of Md. Asraful Hossain at Jamuna Bank Limited regarding their Automated Clearing House. It includes an introduction, literature review on Jamuna Bank and their products/services, and a section focused on Jamuna Bank's clearing house operations. The report was submitted to the intern's course instructor to fulfill requirements and evaluate their performance during the internship. Key areas covered include an overview of Jamuna Bank, their vision/mission, management structure, branches, products, financial performance, and details on Bangladesh's automated clearing house system and Jamuna Bank's specific clearing house processes and activities.

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Md. Jasim Uddin
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245 views

Internship Report: A Study On "Automated Clearing House of Jamuna Bank LTD."

This internship report summarizes the internship experience of Md. Asraful Hossain at Jamuna Bank Limited regarding their Automated Clearing House. It includes an introduction, literature review on Jamuna Bank and their products/services, and a section focused on Jamuna Bank's clearing house operations. The report was submitted to the intern's course instructor to fulfill requirements and evaluate their performance during the internship. Key areas covered include an overview of Jamuna Bank, their vision/mission, management structure, branches, products, financial performance, and details on Bangladesh's automated clearing house system and Jamuna Bank's specific clearing house processes and activities.

Uploaded by

Md. Jasim Uddin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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INTERNSHIP REPORT

A Study
on
“Automated Clearing House of Jamuna Bank Ltd.”

SUBMITTED TO:

Firoza begum
Course Instructor
Department of Business Administration
Eastern university.

PREPARED BY:

Md. Asraful Hossain


ID No: 092200029
Department of Business Administration

Eastern university
Submission Date: 28th april, 2013.
Letter Of Transmittal

28th april, 2013

To
Firoza begum
Course Instructor
Department of Business Administration
Eastern university.
dhanmondi, Dhaka.

Subject: Submission of Internship Report.

Sir,

With due respect I am submitting my Internship report on A study of Jamuna bank


limited automated clearing house. It’s a great pleasure for me to preparing a report on
such nice & interesting topic.

Here I tried my best to give the most appropriate & important information available. I
sincerely believe that it will satisfy your requirements. I however sincerely believe that
this report will serve the purpose of my internee program. I am grateful to you for your
guidance and kind cooperation at every step of my endeavor on this report. I shall remain
deeply grateful if you kindly take some plan to go through the report and evaluate my
performance.

Any shortcomings or flaws may arise; I will welcome any clarification and suggestions
regarding this report.

Thanking You
Yours truly,

………………………………
Md. Asraful Hossain
ID No: 092200029
Major: Accounting
Eastern university.
Dhanmondi , Dhaka.

ii
ACKNOWLEDGEMENT.

Education involves not only reading and doing exercise but also acquire knowledge
through doing something practically. A report requires a lot of information from various
corners and thus not only contributions from group members are sufficient for creating
and informative report, information is also needed from people who have experience in
that particular field.
I feel very lucky to get a great opportunity to carry on my internship program with such a
remarkable Bank like Jamuna Bank Ltd. I herewith thankfully remember the name
Mahabubul Haq Choudhury (EVP) who has helped me achieving my internship in this
bank. I would also like to thank A. M. Arifur Rahman Khan (FAVP) clearing in-charge
who permits me work as an intern at kanchpur branch.

First of all, I am indebted to my supervisor firoza begum for the help she has given in
order to give my report a proper structure. After that, my extreme gratitude and thanks for
Tanbir ahmed rone (FEO) 2nd in-charge of clearing house at Dilkusha Branch, who was
the supervisor of my internship program. Then I would like to thank to Mr. mizanur
rahman (SEO), also thanked to Mr. Enamul Hassan (FEO), Clearing Department of
JBL( Dilkusha Branch). With whom I spend most of my time during the internship. After
that I would also like to thanks Mr. Tanvir Hossain (PO) & Mr. Didarul Haque (PO)
for his guidance and inspiration to make this work successful.

Then I would also like to thank to Mr. Akram Hossain (PO), Mr. Arifur rahamrn
(PO), Mr. Asheqe (officer) and Mr. Shahin (PO) of clearing house department, for their
kind cooperation and support during my internship program. I remember and thank with
great-fullness, my family members and all of friends named Lovlue, satu, Pasha, Alamin,
Fahad, who were always with me and encourage me to prepare a nice report. Lastly, I
thank Allah for helping me to complete the report, without whom it was not possible.

iii
TABLE OF CONTENTS

Topics name: Page number:

Letter of transmittal............................................................................................................ii
Acknowledgement..............................................................................................................iii
Executive summary.............................................................................................................vi

Chapter One

1.1. Origin of the study....................................................................................................01


1.2. Objectives of the study..............................................................................................01
1.02.1. Primary Objectives of the study.................................................................01
1.02.2. Secondary Objectives of the study.............................................................01
1.3. Scope of the Study....................................................................................................02
1.4. Methodology ............................................................................................................02
1.05. Sources of Data.........................................................................................................02
1.05.1. Primary Sources.........................................................................................02
1.05.2. Secondary Sources.....................................................................................02
1.06. Limitation of the Report............................................................................................03

Chapter Two

2.01. History and Background of Jamuna bank Ltd .........................................................04


2.02. Corporate Vision ......................................................................................................04
2.03. Corporate Mission ....................................................................................................05
2.04. Corporate Culture .....................................................................................................05
2.05 Corporate Slogan ......................................................................................................05
2.06. Corporate Governance .............................................................................................05
2.07. Objectives of Jamuna bank ......................................................................................05
2.08. Strategies of Jamuna bank .......................................................................................06
2.09. Board of director ......................................................................................................06
2.10. Executive committee ................................................................................................07
2.11. Management of Jamuna bank ..................................................................................08
2.12. Branches of Jamuna bank ........................................................................................09
2.13. Divisions of Jamuna bank head office .....................................................................11
2.14. Products and Services of Jamuna bank ....................................................................11
2,14.1. Deposit related products and sevveces .....................................................12
2.14.2. Credit related products and services .........................................................14
2.14.3. Electronics products and services .............................................................20
2.15. Corporate Banking services .....................................................................................22
2.16. Financial performances of Jamuna bank ..................................................................24
2.17. Balance sheets as on December 31, 2009 & 2008 ...................................................26

iv
Chapter Three

3.01. Clearing House .........................................................................................................28


3.02. Automated clearing house ........................................................................................28
3.02.1. Process of automated clearing house ........................................................28
3.03. Bangladeh Automated clearing house .....................................................................28
3.04. Jamuna bank clearing house ....................................................................................29
3.05. Daily activities of JBL clearing house .....................................................................39
3.05.1. Condition for high value clearing .............................................................30
3.05.2. Condition for frost house clearing ............................................................30
3.05.3. Outward clearing.......................................................................................30
3.05.4 Inward clearing ..........................................................................................32
3.06. How JBL maintain clearing house & clearing ours? ...............................................32
3.07. Reason of cheques return/disowner .........................................................................33
3.08. What type of problem they face to do their work/performance? .............................34
3.08.1. Internal problem ........................................................................................34
3.08.2. External problem .......................................................................................35
3.09. How they overcome their temporary problem? .......................................................36

Chapter Four

4.01. Recommendations ....................................................................................................37

Chapter Five

5.01. Conclusion ...............................................................................................................39

Chapter Six

6.01. Bibliography ............................................................................................................40

v
EXECUTIVE SUMMARY.

The Jamuna Bank is a financial institution whose status, rules and procedures expressly
state commitment to the principle of Modern banking and to the banning of the receipt
and payment of interest on any of its operations. Jamuna Bank Ltd was established in
1991 under the companies Act, 1994 as a banking Company with limited Liability by
shares.

Under the new automated system, banks will not need to send their cheques physically to
the clearing house at the central bank for effecting fund transfer. Now the banks can do
the job online from their own offices using machine readable cheques and the funds will
be transferred electronically.

The ACH system can process large volumes of individual payments electronically, and it
has become the largest payments system in the country.

Clearing house in one of the most important banking department in Jamuna bank. The
employers have to do various performances in their daily routine. This department
handles various types of activities in two separate house which are
1) Inward Clearing House.
a) High Value clearing.
b) Regular Value clearing.
2) Outward Clearing House.
a) High value clearing.
b) Regular Value clearing

vi

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