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On
FOREIGN REMITTANCE ACTIVITIES OF NATIONAL
BANK LIMITED
Internship Report
[1]
On
FOREIGN REMITTANCE ACTIVITIES OF NATIONAL
BANK LIMITED
Prepared To
MD. MOHIUDDIN
Lecturer
Department of Business Administration
Z.H. Sikder University Of science & Technology
Prepared By
RAHUL DATTA
BBA Program
ID: 120216014
Major in Finance
LETTER OF TRANSMITTAL
[2]
30th April, 2016
To
Md. Mohiuddin
Lecturer
Department of Business Administration
Z.H. Sikder University Of science & Technology
Dear Sir,
I am pleased to attach my internship report on Foreign Remittance Activities Of National
Bank Limited. This is the culmination of my industrial attachment with Bhojeshwar
Branch of National Bank Limited Lasting Three Months. Preparing this report has given
me a unique opportunity to blend theory with practice. Your valuable guidance and
suggestions at every stage is highly appreciated. Your constant assistance was a source of
inspiration for me.
I hope that this report meets with your high expectations and standards. Please do not hesitate
to contact me for any clarification.
Sincerely yours,
T
ACKNOWLEDGEMENT
[3]
At first, I should thank Almighty God for enabling me to complete my internship report in
time. I got appointed to work as an intern at National Bank Limited, Bhojeshwar branch. I
gathered experience as I worked in an office environment. I would like to express my
gratefulness and thanks to my respected academic supervisor Md. Mohiuddin Lecturer,
Department of Business Administration, Z.H Sikder University Of science & Technology, for
giving me the useful instructions in making the report. His dynamic guidance at all stages of
work encouraged me to accomplish my work successfully. I am also thankful to Head of HR
Division of National Bank Ltd, for allowing me to work in Bhojeshwar branch. I am
grateful to the employees of National Bank Ltd, Bhojeshwar branch, for their cooperation.
They have been very helpful throughout the internship period. It was a great opportunity to
do internship in such an organization like National Bank Limited. I always felt that I was
under guidance of highly qualified and experienced personnel. The experiences I have
gathered will be very beneficial in my career.
STUDENT DECLARATION
[4]
I hereby declare that the report of internship namely Foreign Remittance Activities Of
National Bank Limited by me after completing of 3 (three) months of internship with
National Bank Limited (NBL) at Bhojeshwar Branch and a comprehensive study of the
existing activities of National Bank Limited and its implementation.
I also declare that this paper is my original worked and prepared for academic purpose which
is a part of BBA and the paper may not be used in the actual market scenario.
SUPERVISOR CERTIFICATE
[5]
This is to certify that the Internship Report on Foreign Remittance Activities Of National
Bank Limited has been submitted for the award of the degree of Bachelor of Business
Administration (BBA) major in Finance from Z.H Sikder University Of science &
Technology, is recorded of original work carried out a by Rahul Datta of 1st Batch bearing
ID: 120216014, under direct supervision. To the best of my knowledge and as per his
declaration, No part of the Report has been submitted for any degree, diploma, and title or
recognition before.
I recommended this Report for submission of the department of Business Administration, Z.H
Sikder University Of science & Technology.
Md. Mohiuddin
Lecturer
Department of Business Administration
Z.H. Sikder University Of science & Technology
[6]
ABBREVIATION
NBL National Bank Limited
AD Authorized Dealer
ATM Automated Teller Machine.
BB Bangladesh Bank
BOE Bill of Exchange
B/L Bill of Lading
CCI & E Chief Controller of Import & Export
CFR Cost & Freight
CIF Cost Insurance & Freight
DD Demand Draft
DP Note DP Note
EFT Electronic Fund Transfer
EPB Export promotion Bureau
EXP Export Form
FC Foreign Currency
FDD Foreign Demand Draft
FE Federal Exchange.
FRD Foreign Remittance Department
F.R.P.P Foreign Remittance Payment Project.
FOB Free On board
IBTA Inter Bank Transaction Account.
IBC Inward Bills for Collection
IMP Import Form
IRC Import Registration Certificate
L/C Letter of Credit
LCAF Letter of Credit Authorization Form
MG MoneyGram International
MIS Management Information System
MTO Money Transfer Organization.
OBC Outward bills for Collection
PAD Payment Against Document
PO Payment Order
POS Point of Sales
RPP Remittance Payment partnership.
TIN Tax Identification Number
TT Telegraphic Transfer
Table of Contents
Chapter Topic Page
[7]
Letter Of Transmittal iii
Acknowledgement Iv
Student Declaration V
Supervisor Certificate Vi
Bank Certificate Vii
Abbreviation viii
[8]
Chapter INTERNSHIP DUTIES & RESPONSIBILITIES 13-15
Three
3.1 Job Description- Nbl 14
3.2 General Banking 14
3.3 Foreign Remittance 14
3.4 Specific Responsibility Of The Job 14
3.5 Personal Experience 15
3.6 Different Aspects Of Job 15
3.7 Critical Observation 15
Chapter FOREIGN EXCHANGE 16-18
Four
4.1 Meaning of Foreign Exchange 17
4.2 Foreign Exchange Department Of Nbl 17-18
4.3 Functions of Foreign Exchange Dept. 18
IMPORT 22
5.1.1 Meaning of Import 23
5.1.2 Types of Import 23
5.1.3 Name Of Some Imported 23
5.1.4 Methods Of Importing 24
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EXPORT 25
5.2.1 Meaning of Export 26
5.2.2 Name Of Some Exported 27
5.2.3 List of items prohibited for export 27
5.2.4 Methods Of Export 28
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6.1 Total Inward 43
6.2 Outward Remittance 43
6.3 Total Inward & Outward Remittance
44
6.4 Total Fbc
45
6.5 Comparing Nbl Total Foreign Remittance Into Bhojeshwar
Branch 46
7.2 RECOMMENDATIONS
50
7.3 CONCLUSION 51
7.4 BIBLIOGRAPHY
52
7.4.1 BOOKS
7.4.2 RELEVANT WEBSITES
52
52
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