Soneri Bank's

8/14/2019 Soneri Bank's

1/9

INTERNSHIP REPORT

AT

SUBMITTED BY:MISS SAHAR SHARIFBBA (Hons)

JINNAH UNIVERSITY FOR WOMEN

1


2/9


3/9

5000/- ( five thousand rupees). Rs.50 will be deduct per month if balancedecrease from Rs.5000/-

BASIC BANKING ACCOUNT

Basic banking accounts may be opened by individuals including minors under guardianship. the account opened with the minimum amount of 1000/- ( onethousand rupees). Rs.50 will be deduct per month if balance decrease fromRs.1000/- 4 withdrawals from a BBA through cheques is one calendar month arefree of service charges basic banking account in non profit bearing account.

SONERI SAVING ACCOUNT

Soneri Savings Account is a flexible and fast growing cumulative profit accountwith a great convenience for individuals (in single or joint names), minors (to beoperated by the guardian), the account can be opened with the minimum amount

of Rs.5000/- ( five thousand rupees), Rs.50 will be deduct per month if balancedecrease from Rs.5000/-.

CLEARING

The basic function of the clearing department is to facilitate the customer; itprovides them the services in collection of their cheque in other banksIn stamping procedure, the pay-in-slip counter foil the following three stamps areused transfer, transfer delivery and clearing .If the cheques is for the same bank,and drawer and the payee both have the account in the same bank, the simplebank stamp is used, and this stamp indicates the transfer of cheques from one

account to another account. This cheque is directly moves towards posting incomputer terminal where the computer operator debit one account and credit theaccount of another party. This stamp is known as the Transfer stamp. if thecheque is for same bank but deferent branches, transfer delivery (TD) stamp isused and the cheques is different banks then used clearing stamp. Inwardclearing cheque in our bank because of the clearing in my bank. Outward chequein other bank because of the clearing in other banks. OBC (outward billcollection) there are two type of OBC direct OBC and indirect OBC. OBCs arethose bills which came from different cities for collection through mail. Theclearing officer collect the OBCs from dispatch at morning and enter them intothe OBC register after entering vouchers and after this he enter those OBCs intothe computer and logged them from clearing in NIFT.NIFT is working as clearinghouses on behalf of state bank of Pakistan. At the end of the day the OBCs comeback from NIFT. The OBCs which are realized the officer in register write realizedin front of it after entering he make three journal credit voucher incomecommission, FED and courier charges . which are return he write return in frontof it and the bill which are return due to any reason are sent back to the branchwhere it came from.

3


4/9

ADVANCE DEPARTMENT

CONSUMER FINANCEConsumer finance means any financing allowed to individual for meeting their personal, family or house hold needs.It is offered to salaried, self employed person and business person.

Following products categorized as consumer financing. GHAR FINANCE CAR FINANCE PERSONAL FINANCE GENERATOR FINANCE

GHAR FINANCE

Purchase / construction of property for self-occupancy .Extension / renovation onself-occupied residential property.The finance is provided for following purposes provided it is used for self occupancy.

Purchase up to Rs.10M and up to 20 year 1. Construction up to Rs.10M and up to 20 year 2. Renovation up to Rs.03M and up to 07 year 3. Balance transfer facility up to 10M and up to 20 year

4. PURCHASE of pre-constructed residential property.5. CONSTRUCTION of residential property on self-owned plot of land.6. RENOVATION on self-self owned and occupied property.7. BTF for any of the above finance.8.

MARK UP RATES1 year KIBOR + 2% p.a. to be revised on each anniversary of finance.

4


5/9


6/9


7/9

DEPOSITS

Deposits represent saving of the people and organizations which aredeposited with bank. Basic function of all commercial banks in mobilization of deposits and use these funds in lending to business and industry as well as

investing in shares and securities.

TYPE OF DEPOSITSThere are two types of deposits

1) Demand deposits current deposits saving deposits sundry deposits call deposits

.2) Time deposits

term deposits special notice time deposits soneri saving certificate soneri diamond deposit certificate soneri premium deposit certificate

SONERI SAVING CERTIFICATE

Soneri bank 3 years soneri saving certificates provide investmentopportunities to small and medium income group investor.

Annualized rate of expected return 11.50%p.a. Profit paid on completion of 6 months from date of investment. The certificates are issued in multiples of Rs 10,000/= Acceptable as security against finance

SONERI DIAMOND DEPOSIT CERTIFICATE Annualized rate of expected return 14% p.a. Profit payable at monthly intervals. Minimum investment Rs.10,000.

SONERI PREMIUM DEPOSIT CERTIFICATE Annualized rate of expected return 13% p.a.

7


8/9

Profit payable after 12 months on maturity Minimum investment Rs.25,000. Acceptable as security against finance.

CASH DEPARTMENT

The cash department collected to the utility bills, cash payment and cash receipt,cash on hand. We sale and purchase of national prize bonds and we deal inERU, DOLLAR, POND and PKR. Previous ending balance is opening balance tothe next day.

REMITTANCE.

In the SBL, the remittance department is headed by one person who isresponsible for looking after the accounts of the branch and forming pay order,demand draft. Remittance is transfer of funds from one city to another city or

within the city.1. Pay Order:A pay order is an instrument in writing issued by bank for a certain sum of money payable on demand to the order of the payee mention within the city,where as pay slip is used for banks internal use.2. Demand Draft:A demand draft is an instrument in writing drawn by one branch of a bank onanother branch of the same bank for a certain sum of money; payable ondemand to the order of the payee mention therein the draft.

ATM

ATMs across Pakistan owned by soneri bank and other banks. Shopping/ purchasing/ payments through outlets displaying ORIX sing. Free 24/7 online funds transfer to any customer of soneri bank through

ATMs owned by soneri bank. Free cash withdrawal on ATMs owned by soneri bank. Soneri bank ATM card holders can pay their bills using ATM services. Easy way of paying bills for you and your dear ones. Bills once paid are automatically registered in our system. ATM service is currently available for payment of KESC, LESCO, GEPCO,

SNGPL, SSGC, warid and ufone.

CONCLUSION

8


9/9

Soneri Bank's

Documents

Transcript of Soneri Bank's