Bank Internship Report
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ASKARI SPECIAL DEPOSIT ACCOUNTANT ASDA account is an interest bearing current account interest is paid. The payment of return is monthly, whereas the rate of return with aspect to the amount of minimum deposit clear from deposit schedules in following table). It is also chequing account because cheques can be drawn on it. It is necessary for this account that the client must maintain a minimum balance of Rs. 50,000 at the end of the month. That’s why it is similar to current account. It is mostly opened by Business but individuals too open this account. Tax of 0.3% would be deducted on ASDA if withdrawals are more than Rs.25,000. TERM DEPOSITS A term deposit is a deposit that is made for a certain periods of time at the end of the specific period. the customer is allowed to with draw the principle amount . AKBLs Term deposits are of types clear in the deposit scheme in the table). One of them is “Askari” Advantage one month. The rate of return on this account is set by head office. The term deposit account vary one month to 1 year for all following accounts (as clear from Deposit Scheme in the table). The amount of profit is given to depositors in three ways: By cash
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Internship Report Of a bank
Transcript of Bank Internship Report
ASKARI SPECIAL DEPOSIT ACCOUNTANT
ASDA account is an interest bearing current account interest is paid. The payment of return is monthly, whereas the rate of return with aspect to the amount of minimum deposit clear from deposit schedules in following table). It is also chequing account because cheques can be drawn on it. It is necessary for this account that the client must maintain a minimum balance of Rs. 50,000 at the end of the month. Thats why it is similar to current account. It is mostly opened by Business but individuals too open this account.
Tax of 0.3% would be deducted on ASDA if withdrawals are more than Rs.25,000.
TERM DEPOSITS
A term deposit is a deposit that is made for a certain periods of time at the end of the specific period. the customer is allowed to with draw the principle amount .
AKBLs Term deposits are of types clear in the deposit scheme in the table). One of them is Askari Advantage one month. The rate of return on this account is set by head office. The term deposit account vary one month to 1 year for all following accounts (as clear from Deposit Scheme in the table).
The amount of profit is given to depositors in three ways:By cashBy sending a bank Draft to depositors Home address or Officers or whichever is specified as mailing Address.The amount is credited in any one of the checking Accounts of the depositor
