Internship Report on General Banking of Uttara Bank

Introduction : Modern banks play an important role in the economic development of a country. Commercial banks are the primary contributors to the economy of a country. Commercial banks are profit making institutions that holds the deposits of individuals and business. As banks are profit earning concerns, they collect deposit at the lowest possible cost and provide loans and advances at higher cost. The differences between two are the profit for the bank. The banks also role plays the human resources development. Banking is service oriented organization. Efficacy of customer service is related with progressive operation. According to the operational activities this report wills describe the scenarios based on the three months internship†¦show more content†¦7. Giving Tele banking services. 8. Making different vouchers regarding above transactions. 9. Giving support to the valued clients of the Bank. Types of Deposit Accounts Uttara Bank Ltd. account deposits are following accounts 1) Current Deposit 2) Savings Bank Deposit 3) Special Term Deposit 4) Fixed Deposit 5) Any other Deposit, as may be instructed by Head Office. 3.4 Kinds of Account Holders Uttara Bank Ltd. open accounts of the following categories of depositors: 1. Individuals Individual are adult persons of 18 years age or more are competent to enter into contracts. For example a person of below 18 years age is not an adult person. Adult persons include married or unmarried woman, pardanashin woman, and illiterate persons. However, lunatics, persons of unsound mind, and bankrupts are not adult persons. 2. Joint Accounts More then one adults jointly or adult with minor may constitute join accounts. 3. Sole Proprietorships Concerns A business or trading concern owned by a single person is sole proprietorship concern. 4. 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