Chapter 1

Introduction
Internship is important for B.COM students. Practicing is really an applied or practical experience

for the students in which they can identify about the specific company information in which they

perform their practice. In this I will present to you the purpose, the scope, the purpose, the

methodology and the company in which I have completed my internship on the subject of my

study. In my internship, we improve the knowledge where I have done my internships. I am very

grateful to the manager: Mr. Syed Abid Hussain Shah, who offers me knowledge in the office.

Practices are essentially the formation of a company to increase the knowledge about working with

the staff of the specific organization. I did my internship at UBL and got the information on what

they were going to do in the industry. I love following the banking sector after my B.com, which

is why I chose UBL for my internship to gain banking knowledge. Your competition in all it's

period to see the information of a firm as this is helpful for me after completion. I worked in

dissimilar branches of United bank and have information around they are doing there. This kind

of exercise also advances the internal abilities.

Purpose:
The purpose of my internship, as I mentioned above, is to obtain knowledge about the UBL. I

simply do not have the knowledge of the company. I would also like to see that this is not the best

option to do a job in this sector. Because during the internship you can easily understand the

working conditions of each company.

Scope of the application:
The scope of my study is that I now understand how to carry out activities at UBL. I almost have

the knowledge about the UBL. Scope of the internship is to tell newcomers how to do the job in

a better way. Training is the only way throughout any company can make its performance in a

mass.

Objective:
The aim of my study is to obtain a thorough knowledge of all departments, which exist in the

respective company, where I have completed my internship. Now I can know the working

conditions of this particular sector. The goal is also that I want to see how a promotion enhances

the inner qualities of myself and I have learned a lot about this profession.

Organization:
The organization that I have chosen to make my internship is UBL. In this organization, I worked

in different departments. I chose this sector because I really like a job in the banking sector. I have

lots of information while I'm practicing at UBL.

Summary:
This is a ephemeral debate of the purposes done at UBL. This was created in 1959.It is single of

the top institution in Pakistan. This is also striving the master to upcoming strategic, tasks to

make the greatest usage of presented possessions. The expert squad was selected in mid of 1997

to reorganize the set. Administration is similarly in the procedure of streamlining this office

system and classifying the restoring to dubious and confidential collection. It is strategic to

familiarize important developments in client services and inner arrangements to rise

effectiveness. Innovative goods are also to be presented. They rises the armament of funds done
consistent withdrawal operations and quickens the procedure of improving unresolved loans and

unproductive resources.

Chapter 2
Introduction:
About this chapter I will tell you the current situation of this organization. The role of this

organization in Pakistan. I will also tell you the functions of this organization in Pakistan. The

UBL has play a significant part in backing the nation's growth trade. UBL consumes assets of more

than Rs. 640 billion, the equity of Rs. 67.3 billion and a solid success story of 50 years - plus the

convenience of more than 1100 stores, serving you throughout the country and also in several

places abroad.

General Sector in Pakistan:

BRANCHES:
With a united system. They are all over 1100 branches in Nation and foreign, United bank provides

you the straight entree to an amount of well banking facilities that aid you display your commercial

locally and globally.

It has a huge number of system of branches, which covers to the maximum distant zones of the
nation. They are only (1623) branches in (1983). And (1974) they are only (1238) sub-branches,
in (2003) the total of (1007) branches.

United bank operates its functions in (1121) nationwide and one subsidiary. United Entities and

Trustees Ltd. It has 17 branches in the UK, USA, UAE, and other different nations. It also functions

an offshore branch in the transfer dispensation zone of Karachi and has typical headquarters in

Egypt and Iran. It also has a cooperative project – (Oman, United Exchange Company. Oman,
Muscat and a subsidiary of United Bank and A.G, Zurich, Switzerland, was originated in 1968. It

has 412 Automated teller machine in all over the Nation.

United bank has resources of over 64 billion, investment and assets of additional than Rs.58 billion

and a hard 50-year achievement level - In accumulation to the expediency of additional than 1121

divisions portion it through the nation and in numerous chairs, overseas

Nature of organization in Pakistan

UBL aims…
• Growth over the formation of a bearable association with our patrons.

• Attention to director our supervision.

• A nationwide attendance with a past of underwriting to Our Societies’ is planned to Attain

outlooks over resolutions and goods created on the marketplace.

• Prize corporate labors.

• Make worth for all shareholders. United bank goals to offer individuals through.

• Maintenance for relations Asset of our promise and the determination to Excel.

• Exercise honor, morality, and solid effort. We are influenced that these are actual attainments.

UBL hopes that tomorrow...

• Executives in our manufacturing.

• An association that safeguards the faith of investors.

• An advanced, original, and active organization that retorts to the altering requirements of the

inner and outside atmosphere

Organization tasks:
UBL is a commercial bank that carries out banking transactions in accord with the requirements

of the (1962) BCO. Article 7 of the Performance approves banks to contribute in the agreed form

of connections. In the bright of this segment, United bank purposes can be considered as follows:

 Work facilities

 Universal facilities

 Inscribe advances by the govt. or community forms and Employment of firms etc.

 Offer facilities for clients, and

 Facilities linked to Hajj

Summary:
In this chapter I have told you the current situation of UBL.UBL has played an important role in

the banking sector, the only bank that is called the bank is the nation and its work only for the

improvement of Pakistan. There are many roles and functions performed by this organization,

which I have already mentioned.

Chapter 3
Introduction:
In this chapter I will tell you almost complete information about UBL. It may be the short story,

the number of departments and relationships from the main offices to the branches, the current

employees, their qualifications about their education about their salaries on their promotion

system, etc. In this chapter also tell about employee responsibilities and duties
Golden history of the "United Bank of Pakistan"
History of managing an account in Pakistan with parcel. At the season of freedom, there were

487 bank timetables in the zones now in Pakistan. Yet, after the declaration of the freedom

arrange, the keeping money benefits in Pakistan were extremely harmed. Banks have moved

from Pakistan to India. In this manner, by June 30, 1948, the quantity of workplaces of the brief

banks in Pakistan diminished from 487 to 195 years.

In June 1959, Mr. Abha Hassan chose to open another bank of others to give advanced keeping

money offices to exchange and industry and to advance the propensity for sparing among

common individuals. The important methods for the enlistment authentication have been set up

to complete the matter of STATEBANK OF PALISTAN for your consent. After every one of

these customs on 7 November 1959, UBL was made as a timetable.

In 1963 the principal branch was opened abroad. 1966 saw the opening of two branches in

Bradford and Birmingham. In 1967 the branches of Dubai and Abu Dhabi were opened. The

most vital thing is that UBL is a pioneer in the computerization of keeping money. Its bigger

branches are completely modernized. Current reserve funds and store records are completely PC

controlled in all branches

The seat was set up in New Jubilee Insurance; I.I. CHANDRIGAR ROAD KARACHI. It was

enrolled as a company. The bank was issued with an approved capital of Rs. 20 million, which

later rose to Rs. 112 million. CHUNDRIGAR was its leader, who passed on in December 1960

and was supplanted by Mr. Habib-I-Rehmat. Mian Shafique Saigul was its overseeing executive,

who was selected by Mr. Agha Hassan Abedi in 1962. In the wake of nationalizing Mr. A.K.

Yousafi was selected Executive Director for a brief span and after that was delegated President;

He was supplanted by Mr. Zia-ud-commotion on 1-1-1997. Presently the new president is Atif
R.Bochari. The advance of this regarded foundation can be opened as stores and number of

branches. UBL were positioned as the number two bank in Pakistan regarding stores and number

of branches

Department “UBL”

Operational / Foreign Exchange Credit Department

General Banking Department
Departments

Account Opening
Agri-Credit Section
Section

Defrayal Subdivision
General Credit
Subdivision

Remittance
Subdivision

International
Trade Subdivision
Account Subdivision

Cash Section
(MIS) Section
Let the departments briefly explain:
Operative / Universal Funding Sections:

This is the unit that transactions with the community, the day-to-day operation centers. It is

additional divided into the following.

Division of account opening:

Structures: -
• The justification of all sorts of customers is unlocked

• This is in the dressers

• Outputs of the (RTC, TDR, CDR and NDR)

• Output by check

• Slightly other removed by the High Consultant Responsibilities

•ATM card Issue by the bank and getting the glory card submission.

Clearance department:
Characteristics:
• It is the responsibility; clearly, all tools were signified by clients by the bank for the gathering.

• This is compulsory to delete Outward Bill for Collection and inward bill of collection.

• At the finish of the daytime, the regular instant of tall specialist, money imbursement and

transmittal.

Remittance Division:
Structures:
• It transmits the cash.
• It deletes the and Outward Bill for Collection and inward bill of collection instruments.

• Preparation of Mandate Flow, Wage Instruction, Telex Telegraph

• Slightly other responsibility deputized by the High Expert.

Accounting department:
Features:
• Make the reports on an everyday, weekly, regular, trimestral and yearly source.

• It also arrangements with duty.

• Correspondence with head office and head branches as well.

• Accountable for this division is also answerable for all staffs employed. Purely accountable for

this section is also answerable for keeping the division and invigorate in the manufacturing.

Cash Department:
Features:
• It is treated in cash, whether deposited or withdrawn, by customers or another customer.

• Raises the services provided by the bank to valued customers or customers.

• You must match the freight side with the praise lateral at the finish of the daytime.

• Bank clasp up to six billion with the division, the additional quantity in money direct to the

dominant workplace.

Department for foreign exchange:

Features:
• It is the foreign money.
• It is straight below the direction of the division manager and the stock is straight answerable for

the capital division or crania workplace.

• The overseas money is sent via society for the worldwide interbank financial telecommunication.

Division credit / section:

We can tell you a section because there are three other departments that deal with credit. The bank

has two main functions. One is the down payment and the second is the advance. The section

"Credits" deals with progress. It is further divided into three departments of the industry.

Department of Agri-credit:
Features:
• These are agricultural practices.

• Provides loans to farmers with low rates.

• It is about financing both in execution and in execution time.

Universal Recognition Division:

Features:
• Offers middle and small period advances.

• It also offers growth for SMEs and covering.

• Issue the Letter of Guarantee

Branches:
There are almost four offices in this organization.

1. Manager's Office:

It is the office where a manager sits and manages the entire industry.
 2. Office of the Operations Manager:

Is the office in which the manager is sitting and performs his duties?

3. Cash:

It is your office where the entire cash transaction takes place.

4. Accounts Office:

Is your office where the accountant manages the accounts of the industry.

Training:
There are nearly 2 to 3 people trained and carried out their practices of this organization.

Employees also received training per their needs, as this banker turns to the computerized system

so that the organization trains their employees according to the requirements of this technology

Working load:
This is the state sector, so its timing is very different from the private sector. The timing of this

organization is that

From 9am to 5.30am (Monday to Thursday)

From 9am to 6pm(Friday) prayer break from 1 pm to 2.30

9am to 1.30 pm limited branches (Saturday)

Holiday (Sunday)

It is the time when customers can access the bank, but employees should stay close, which can

often drive until 6 to 7 pm.

Promotion system:
The support system is based on the experience of the employees or if the employees have approved

the roles as required by the organization, employees can go to OG I or OG II, etc.

Critical analysis of the industry:

The working condition of this branch is so bad. The staff never tries to dress you like your old

bench. The building of this industry is so old and rough and must be modified and maintained for

its maintenance. Customers are not satisfied with the job as there is a lot of work in pensions.

Clients are almost old, so they are not satisfied with the bank's performance. The budget is very

good as it is in front of the police station. All police employees open their accounts at this bank

aloes this bank gives the possibility of prepaid this facility attracts much customers that lead to a

large budget.

Communication system:
The communication system is based on the bibo system. This is the process of communication of

this branch with the central office. Routine work after closing sends it to the center through the

bibo system. The internal communication of the employees is very good. All employees are so

honest with their work and therefore cooperate with each other, so every time this industry has

done their job so quickly, because all employees together for a long time.

Summary:
In this chapter I told you about the UBL. The bank is not in physical shape, but overall in a very

good position in terms of budget and in terms of communication and promotion system.
 Chapter 4
Introduction:
In this chapter I discussed the policy of the bank. Then I discussed the strategies and functions

performed by the bank. Then I discussed about the successes of the bank, which enabled this bank

due to the functions and strategies implemented by this bank.

Policies:
UBL maintains its own finance department. This determination is to deliver advances to public in

want, minor and huge industries and commerce.

Loans in the arrangement of cash are the most valuable usage of bank capitals. The organization

of this will be very cautious when compromise advances.

The individual / proprietor of the business is over a extended procedure of request, documents,

securitization, etc., though smearing for a advance. Afterward suitable gratification of the

individual troubled, the bank endowments the revelry advances

Under Islamic subsidy meanwhile (1982), UBL has granted loans based on "mark-up" instead of

interest.

The exchange rate varies according to the type of loan.

Functions:
 Collection of checks and bills for your customers.

 Pay the insurance premium, rent or other obligations of the customer.

 Recovery of interest, dividends, and other customer charges.

 Money transfer from one place to another.

 Actors, trustees of clients.

 Care and jewelry or safe securities.

 Issuing travel vouchers and letters of credit to provide credit for travel.

 Purchase of shares for customers

 Acceptance of invoices on behalf of clients.

 Foreign exchange business.

 Creation of commercial information and tenders for clients.

 Formulation of operational guidelines for banks.

 Definition of performance criteria for banks and measures to ensure compliance.

 Evaluate the performance of banks within the framework of the operational guidelines for

banks.

 Definition of areas of coordination of banks.

 Formulation of regulations under the Law.

 Approvals to the Central Govt. on the selection of the Leader and memberships of the

Executive Panel.

 Investigation and assessment of the yearly economic reports, counting annual report and

profit and loss statement of the banks, and selection of the bank's final auditors.

 Carry out surveys, investigations and evaluations that are necessary for the purposes of

this Law.
  The exercise and exercise of the influences and purposes of the Central Govt. below the

rule and other responsibilities that the Central Govt. may delegate.

 The establishment of an investigation division or the behavior of banking examination,

overseas banks, and the complications of farming funding.

 Establishment of a central training facility to improve banking services.

 Coordinate the planning of operations of nationalized commercial banks and carry out

general controls of operating costs.

 Appointment of major banks and the distribution of the advance of banks with respect to

syndicated loans financed only by nationalized commercial banks, according to the

availability of resources of each bank.

 Monitor progress in implementing the decisions taken in the Bank's Annual Inspection

Reports and remedies and corrective actions taken by banks to eliminate imbalances.

Achievements:
United bank Wiz is Nation's initial prepaid VISA debt card that proposals the suitability, security

and the rewards of an ATM and debt card domestically and globally.

Extra than one ATM card, you can custom your United Bank Wiz on all recognized VISA cards.

However you use it available, pay for gas, shop, or eating, you are talented to admittance cash

straight from your prepaid card deprived of staying the bank.

Altogether subsidiaries of NBP at America are combined in the UBL.

Summary:
In this chapter I told you the different policies of the UBL and strategies applied by the bank to

achieve the Bank's objectives and told them the success of the bank achieved by implementing

strategies.

Chapter 5
Account opening Department:
Throughout the internship at the UBL, I truly appreciated occupied with the branch employees,

Kunjah, Gujrat branch, and I famine to be a worker of UBL L. It was practically unbearable to toil

in all divisions inside this imperfect period. On appeal, however, I have had the opportunity for

industry employees to work from the practical knowledge in the different departments. I am very

grateful to the Syed Abid Hussain Shah, who offers me a education atmosphere in the business.

Throughout my internship at the university I declared past that I drive in diverse divisions and

spaces and educated the subsequent.

Process of account open:

New account open:
Initial and final books is the purpose of the promoting divisions. The customers of the bank may

be persons (individuals or groups), signatures (company / owners), autonomous companies,

limited liability corporations, generous business, relatives of instructive organizations or native

establishments. UBL usually undoes the following kinds of financial records.

• Existing interpretation

• Redeemable justification
Fundamentals to Opening the accounts:
Throughout the retro of my internship by the UBL, I educated a proportion around inaugural an

account. Fundamentally, I trust that the inaugural of an explanation is the formation of a votive

affiliation among the investor and the buyer. When an explanation is opened in a bank, an

individual develops a "client" of the bank. In adding, I will direct the elementary necessities and

stages when open an account.

Overview and initial examination:

Earlier open an explanation such as the extra banks in Pakistan, regulate whether the individual

who will exposed the explanation is a needed client or not. Then regulate the honesty, the respects,

the occupation, and the wildlife of the occupational of the potential client given by the overview

orientations at the account opening. Abandonment in this casual opening examination can have

thoughtful penalties not lone for the straight pretentious financier, but too for additional financiers

and the public, who might be ramblingly pretentious.

To additional reinforce and rationalize this procedure, the Regulator Pakistan delivered its choice

on grumble No. II / (31/5186), requested the tiers to opening the account a duplicate of Photostat

of respectively of the general individuality cards of the being who unlocked an explanation as well

as those of the trader. Per this training, the division managers worried must gain the unique State

Self Cards organized with their duplicates of Photostat and then arrival the unique after checking

the legitimacy of the reserved replica.

An initial inspection is required for the subsequent details:

Circumvent fraud:
In this respect, I have educated that if a financier does not have the essential inquiries cited

overhead, he may have lying peoples to checked out records for deceitful drives. If such a
individual occurs to be an immature insolvency, the investor could be located in an disapproving

location since he lets such a being to exposed and exposed a bank explanation.

Protection against accidental overdraft:

Occasionally an account can be overwritten due to an error, for example the main account holder

who incorrectly reads the account balance, a check to a quantity larger than the stability. Likewise,

a recognition memo that goes to a client can be inadvertently complete on the account of another

customer. In such suitcases, the extra amount reserved by the client can individual be understood

if the client is reputable.

Investigations about Customers:

I am a financier I reflect it is a commercial duty to reply to investigations from supplementary

banks, etc. around the monetary condition of the client. While the financier has only a overall clue

of the monetary volume of his consumer, he must yet have the essential info with him.

Sign additional than English:

If a customer signs in a linguistic extra than English and Urdu, they are compulsory to complete

an arrangement. This is a procedure of reward, in which the customer issues the bank. If the bank

forms the lost signatures and the checked is paid. The Name space is found since bank

administrators are not castoff to confirm signs excluding in English or Urdu; So, here is a chance

of a unsuccessful examination.

General Account opening:

Formerly opening an in UBL (I) account, it was noted that the subsequent opinions must be

measured in this respect.

 Alternative bank account container necessity correctly acquiesces to the novel client.
  The account container necessity mark the account initial procedure in the attendance of the

bank auditor and the sign is suitably confirmed.

 The bank necessitates A duplicate of the individuality card.

 Against the presentation of the application form of the bank, duly introduced in the manner

and in the form of providing this document, as required and the account can be opened.

The Bank reserves the right to deny the opening and maintenance of accounts without any

motivation.

 Each account must be assigned a specific number, which must be specified in all

correspondence with the bank account.

Attach forms:
In addition, I create obtainable that if you famine to exposed an account with UBL, formerly you

requirement the subsequent pamphlets with your submission form, which are diverse for dissimilar

groups.

Individual proprietors account:

To open an explanation with UBL, separate businesses must acquiesce their commercial

registering amount.

Private/Joint records:

For individual, private or group accounts, the ID card is required.

Business entity:

Prior to a record of an organization is opened, UBL Limited must request that the individual

entitled do as such by presenting the confirmed duplicates or the accompanying archives:

• Certified duplicate of the organization's guidelines of technique.

• Certified duplicate of the choice of the top managerial staff/administration

panel/administration board with respect to the administration of the record.

• Certified rundown of the names and marks of the executives/chiefs.

• Certified duplicate of the endorsement of fuse or enrollment.

• Certified duplicate of the endorsement of the start of the action (on account of

organizations).

• Balance sheet

• Identity card. Duplicate of every executive

• The unique is likewise connected for investigation and return

• List of people in charge of the record.

• Power for the individual who opens the record

Partnership Firm account:

The information that a company must provide to UBL Limited in this case is the following:

 Complete names

 Address
  Partner signatures patterns

 Certified copy of association certificate

 Registration number when the company is registered

Chapter 6
Issuance of Cheque Book:
United bank of Pakistan Limited is approved to open records of organizations/affiliations and

affiliations are non-business enrolled associations for the advancement of culture, science,

training, relaxation, and beneficent exercises and so forth. Some of this establishment According

to The Business Registration Act, 1866, and an authentication of enlistment is issued after they

have been discovered appropriate for enrollment.

Checkbook Exposure:
At the point when a client opens a record with the bank, a check book is made accessible for

withdrawals from the record. Be that as it may, the client won't get the principal check book until

every single required report have been checked. A checkbook contains ten, a quarter century, or

one hundred sheets. The checkbook additionally conveys a request shape for the issuance of the

new checkbook. This ticket is appropriately filled and brought down by the client. The client's

mark is confirmed by the bank and another check book is issued to the client and the check's

serial numbers are appropriately entered in the bank's book. Alongside the signature, should

likewise be the full name and address.

If there should be an occurrence of loss of checkbook or request account in the checkbook, the

client must finish the frame no. 216-B with a specific end goal to get another check
Cash department:
The cash department of UBL is fully responsible for handling all deposits and withdrawals. As a

result of the transaction in both local currencies and in foreign currency: as travel expenses, etc.

(when issued against cash).

As a result, he is also responsible for accounting for these transactions and for securing cash and

close UBL money values.

1. Money receipts for get store

2. Encashment of check

The UBL money office is a different gated part secured with glasses. Nobody yet the money

division worker may enter this region.

Money Receipt:

The investor utilizes the store slip (or money store voucher) to store the sum. There are two sorts

of money:

• One for current record holder and

• Other for sparing record holders

Process:
Getting of Cheque:

The money is rewarded in contradiction of the client's check. The subsequent facts are booked into

account when challenging the client.

 The test must be carried out at the UBL.

  It should not be post-date.

 Must be the control of the bearer so that the bearer of the word is not allowed to cross.

 The drawer does not stop.

 The volume in arguments and facts must be the similar.

 Alteration to Day / Picture / Term necessitate drawer filled sign with sign on the check.

Approval of the signs:

After the check, the officer checks the mark of the record holder with the mark on the check. It

marks are not the same, then it is returned generally sent to work station.

CPU incurable procedure:

The check is gotten in the work station, the PC administrator checking the record holder's record

adjust. The administrator likewise observes regardless of whether the stop installment guidelines

are gotten by the record holder. In the wake of taking a gander at these two focuses, the Ledger

and registration account holder Led and sends the check back to the officer.

Cash imbursement:
The check is cleared after the booking and came back to the checkout. The clerk enters the check

in real money paid enlist and pays against the second mark of the beneficiary on the back of the

check

Clearing division:
All banks offer an assortment of administrations for their investors. A profitable administration is

that of clearing. Clearing division likewise assumes an essential part in the direct of the exercises

of the bank.
The essential capacity of the clearing office is to give administrations to customers in gathering

their audit from different banks, regardless of whether they are in the city or outside the city. The

client can get the cash attracted his record at UBL from the keep an eye on another bank. The

bank acknowledges the check in the clearing which it has drawn through the Clearing stele, i.e.

the State Bank of Pakistan.

Clearing:

We may characterize clearing as "the exchange of assets from one branch of the bank to the next

branch of a similar bank or the other rely upon which the instrument is drawn, without money

through the Clearing House of the State Bank, or we may state: The watches that are not money

to the fiery debris counter of the bank.

Clearing household:

It is the administration gave by the Central Bank, the State Bank of Pakistan, to the next business

banks. SBP goes about as a clearing house. An agent of every bank speaks to its bank in the

clearing house.

"A clearing house is a relationship of business banks that are built up in a particular place with

the end goal of trade and settlement of credit cases."

The SBP deals with the records of the UBL as other arranged banks and charges the record of the

Related Bank and credits the showed bank, which for this situation is UBL.

Sorts of Check:

Some uncommon sorts of checks will be kept in the clearing bureau of our branch office. These

sorts of checks are:

• Local check

• Out Position check

• In Line Check

Nearby check:

Under nearby control, we comprehend the checks made by the banks that are individuals from

the Clearing House and situated inside the city.

Out Position Check:

By checking the station, we comprehend the checks of the banks outside the city. It implies that

the bank and the depend on which the check is attracted are not a similar city.

In the line check:

In house check are drawn on a branch of the UBL and exhibited to another branch of UBL these

exams are set apart with the exchange sanctuary.

Kinds of clearance:
Clearance division transactions with the two sorts of permission

 Inwards

 Outside

1. Inner:
Kept an eye on UBL, exchanged to different banks or exchanged to UBL specialist in clearing

house. This is inside go for UBL. In this way, internal clearing brings about money surge to gather

groups that lessen the adjust on the clearing account.

2. outside clearance:
Also, watches that are attracted to another bank and introduces UBL my store is known as a quit

for my store. Along these lines, outward clearing prompts to money inflow from paying bank into

the clearing account with clearing house expands the adjust hung on the clearing account.

The external payment can thus be:

 Native payment

 Outstation payment

Surpassing the settlement cost for the inner allotment brings about a net increment in the record

adjust. Surpassing the counterbalancing to the outside, clearing produces a net abatement in the

clearing account. The main case is alluded to as ideal clearing and the second case as ominous

clearing

Chapter 7
Remittance division:
Exchange is the cash exchange starting with one place then onto the next place or starting with one

nation then onto the next nation keeping in mind the end goal to meet the necessities of the client

by the request of the client. Settlement Department at UBL kunjah branch can be partitioned into

two areas because of its exercises.

• Domestic Remittance

• Overseas Remittance
 1. Domestic Remittance:

The neighborhood exchange area manages the exchange (approaching and active, however just in

nearby i.e. Pakistan rupee and inside Pakistan)

Neighborhood exchanges incorporate the accompanying seven capacities in UBL:

• Transfer by installment direction

• Handover by prerequisite draft

• Telegraphic transmission

• Issuance of SBP checks

• Mail transmission

• Local/inward exchange

• Preparation of the adjust authentications

The fundamental and most vital elements of this division are: The exchange can occur in three

distinctive ways.

• Demand Draft

• Telegraphic transmission

• Mail transmission
Call Draft:
There is a receipt either on demand or generally starting with one bank then onto the next for

outsiders or by a branch of a similar bank or purchase the focal office on a branch or the other way

around

Issuance the Petition Draft:

The sum in both words and numbers is composed and the candidate must sign in two digits, which

are useful in the occasion DD is to be scratched off.

The candidate should then store the cash at the counter. The authority mindful at the counter puts

the stamp on the DD. After the cash, has been kept, the DD is issued to him. Every DD has its own

enroll together with the name of the gathering in whose support the DD was issued.

Termination of the Petition Draft:

For the cancelation, the customer must present a demand to the bank that the DD is did not require

anymore and must sign the best possible check of the marks, the DD will end, and will present the

accommodation of the charge to the primary division and credit account. The bank then gives an

approval to the principle office.

Telegraphic broadcasting:
An application frame for TT is given to the client, indicating the name of the installment

beneficiary, the area of the exchange and the sum. On the off chance that the sum stored with

money or without anyone else check will be a basic money voucher, giving a good representative

for home office.

A transmitted back rub is sent to the depend on which the TT is drawn, expressing the TT number,

the date, the name of the gathering in whose support it is drawn, and the test number.

Mail transmission:
If a client demands the bank to exchange his cash from this bank to another bank of the branch of

a similar bank in the city outside the city outside the nation, he should first entire an application

frame.

In this he implies that I might want to exchange the cash from this bank to this bank via mail.

On the off chance that the client is the record holder of this bank, the bank will charge his/her

record and the officer concerned finishes the six unique structures to empower the exchange by

post. The six structures utilized for this reason for existing are recorded underneath:

Division Mail Transmission Mail:

 Received copy recorded duplicate

 Copy the division record

 Debit receipt

 Consultation of the recipient

 Consulting the customer

If the client is not the explanation container of this sector, he necessity primary payment the cash

and then the balance of the procedure is acknowledged to allocation his cash.

Accounting division:
The key mission of the UBL accounts division is to keep the accounts of the general ledger and,

after office hours, the counter function of closing the accounts.

Purposes:
There are numerous additional significant meanings achieved by the UBL Accounts Section. So,

I'll talk about these functions in three steps:

 General Ledger

 Receipt structure

 Kinds of Receipt used

Universal Ledger:
This is the primary industry record that reproduces your resources and obligations and helps as the

regulator of the leader of the bookkeeping business. It contains only of books accepted by the

dominant office.

Receipt system:
The receipt is a printed approval to accept an assembly and sum operation.

Receipt is a structure that is frequently planned to deliver solid internal controller over the deal

that takings place through office times.

When a operation happens in a bank division.

A debit note and a voucher are organized. At the termination of the daytime, these receipts are

calm and logged,

The Debt receipt format contains:

 Name of the division

 Day of the week

 Branch no
  Account no.

 Operation code

 Amount and other specifics (narrative)

Credit Receipts:
Here are two sorts of transactions that use recognition coupons.

 If a depositor deposited an amount into his account due to the bank's liability.

 Bank income, p. Bank Flow.

Diverse categories of coupons:

Now in the next sentence, these three significant purposes of the UBL account division are

temporarily defined.

 Altogether cost receipts are showed over the accounts division.

 Groundwork of dissimilar reports.

 Prepare the daily action account at the close of each diurnal.

Expense Receipt:
Wholly cost reports submitted by each section are referred through the Accounts section. These

costs contain:

 Pays of all bank workers

 Salaries

 Rental price
  Agreement fees

 Insurance – cars

 Insurance – Money

 Utilities

 Health insurance (remunerated)

 Cash donations, etc.

Chapter 8
Salary construction:
Salary involved:

 Advantages

 Remuneration

 Prudent Deposit

Bonds:
These bonuses are credited each 6 month, i.e., Jun and Dec. These are primary and secondary

bonus and are equivalent to the basic pay of a month.

Remuneration:
Housing allowances, transportation allowances and ancillary costs were allowed.

Provident deposit:
The provident deposit is providing to every worker on leaving. The input of the company and

worker is (8.3%).
Preparation of Reports:
The second significant purposes of bookkeeping are the preparation of the numerous declarations.

These reports are:

 Weekly reports.

 Monthly reports

Weekly reports:
All weekly reports are primary directed to the UBL headquarters in “Karachi”.

Monthly reports:
These month to month proclamations are first sent to the UBL central command in Karachi, and

these announcements are sent to the primary office on a solidified premise. All vouchers and

articulations marked and affirmed by managerial records or that are qualified for the Bank account

and whose marks are enrolled in one of the marks of the ledger or of a man who has the ability to

sign inside vouchers and record the extent Of His energy constituted by the Country Manager.

Grounding of Statements of day-to-day actions:

It is similarly the duty of the Workplace to make an action account every diurnal at the culmination

of each day. It covers the subsequent info:

 Loan operations

 Ledger Dealings

 Foreign currency dealings

 Freight transport

"All vouchers prepared by different relative departments in the computer".

In the 3rd and final step, the subsequent purposes of the UBL account division are defined:

 Approval of day by day cost voucher

 Balance of PAS

 Tax returns

 Budgeting

 Monthly resources and obligation

 Liquidity 1, 2, 3, 4, 5 years

 Excise obligation adjusting

 EOM/EOY Print documents floppy

 Customer's/interior A/c explanations

 Computer finish go down

 Quarterly proclamations measure astute

 FCY enthusiasm announcing

 FCY enthusiasm checking

 Service Charges-and so forth.

Tilt of credits:

 Open besides close the Account

 Employee Loan
  Air conditioning locked and unlocked

 Monthly and non-resident residents

 Zakat calculations

Accounting Procedures at UBL:

Several departments use debit and credit vouchers to record transactions.

Department of accounting gets the departmental magazine divisions to gather with every one of

the vouchers.

• Correction of the aggregate of all office passages in specific magazines.

• Order vouchers in the principle book a/c Order Debit isolate from the charge of every

• From departmental magazines, include all charges and all credits for every record account

and enter the aggregate for every record in the relative record and restore the new adjusts.

• Check the aggregate charge and credit sums for the magazine office overall. Add up to

rundown of machines for each contingent mishap in the general record and information parities.

• Date and mark of the General Ledger and mark of an authority.

• Location The fundamental exercise manual contains leaf organizers in sequential request

Department of Advances:
There are 3 sorts of progressions accessible by UBL to clients:

1. Advance

2. Money credit

3. Overdraft Creditors
Advance:
"The monetary support of a financial institution to a company"

Some money related issues like financing assessment resources, working capital, connecting

account, and so forth. Advances are allowed by the bank at a level rate, so this sort called settled

credits or advances. Intrigue is charged on the aggregate sum of a settled advance.

The borrower pulls back the whole advance sum. This kind of advance is typically granted against

the wellbeing of gold and records. On account of credit cases against gold or records, the borrower

takes an advance for the advance sum.

Advances are settled below

Advances in contradiction of gold:

Under this kind of advance, it is granted to the borrower. The vital teller appraises the estimation

of gold or gold adornments by a specialist (goldsmith) and has an edge of 40 to 50 percent.

After the opening of the gold credit record is given a flag to the borrower, which is a bank receipt.

While reimbursing the credit, the gold trimmings held as security for it, alongside the receivable

is come back to the borrower and his gold gems receipt in the Ledger assert. These archives

demonstrate that the returned trimmings are finished and all together. The incomplete conveyance

of the decorations is against the fractional installment of an advance; however care is taken to

guarantee that the trimmings that are still in the banks totally cover the rest of the measure of the

remarkable advance. Enthusiasm on gold advances ought to be connected with quarterly

interferences

.
Advances against swore stocks:

In the situation of the elevation of these sorts of advances, the subsequent defenses are booked into

account:

A) The committed action should be easy to sell

B) Products must be easily marketable

C) Fee must be inside the credit reserves

Money creditor:

Under such a money credit record is opened for the sake of the customer, which gets from the

bank.

The customer is allowed an advance up to a specific point of confinement, which is endorsed by

the focal organization that concentrates when it asks for that intrigue is gathered on the sum really

utilized by the customer. Keeping in mind the end goal to maintain a strategic distance from the

danger of losing assets, bank expenses are a sure financing cost, regardless of the possibility that

the client does not pull back any sum.

The credit is normally against the estimations of merchandise or products as takes after:

1. Fees on pledge stocks in trade or goods:

If a money is submitted against the guarantee of provisions or items, a money credit shape will be

gathered from the particular items or inventories, however the real store will be made when the

store or completed item is set under the bolt and key of the bank Or the Bank archive places

securities properly endorsed by the bank by the borrower

2. Transmission of stocks of complete goods:

The change among commitment then promise is that the is located under a P fund brief on the

property of the bank under their own account while they remain under a mortgage owned by the

borrower or guarantor and the bank is only loaded with documents.

Although the documents allow the bank to receipts custody of the mortgaged property, then it is

conceivable that the mortgagor can actually struggle any effort.

3. Loan of the stuff:

The bank receives real estate property diplomas only as safety or as unauthorized safety.

Completed Drafts:
In the event that investors permit their customers to move to their present record to a specific

breaking point, it is called as an exchange office, which the bank purchases. The client is charged

with the financing cost for the sum really paid in abundance.

The customer is allowed to convey the exchange office as far as possible when required, and can

whenever give back the progress to the bank by storing the sum with the bank.

Here are two sorts of projections:

 Unsafe Overdraft

 Safe Overdraft

Unsafe Overdraft:
Under such overdraft sort the bank relies on upon the individual security of the client or the client

specified in the client's record.

Safe Overdraft:
Under this kind of overdraft, the bank permits its client to pull back more than their stores in the

wake of giving the certification against the sum overdrawn. The securities against which the sum

is pulled back might be Government or other top of the line.

Chapter 9
Financial Analysis:
"Financial statement analysis is the process of identifying of financial strengths and weaknesses of the firm

by properly establishing relationship between the items of the balance sheet and the profit &loss account,"

and it is done over ratio examination.

Ratio Examination:
Proportion signifies "one number communicated in term of another a proportion is factual measuring stick

by mean of which relationship between two or different figures can be looked at or measured. Here we will

clarify the proportion investigation of UBL.

Primary/Secondary:
1. Primary

2. Secondary

Interested Group:
1. Owner’s point of view

2. Lenders point of view

3. Management’s point of view

Fundamental:
1. Investors Analysis
 2. Activity

3. Solvency

4. Profitability

General Ratios Analysis:

Solvency Ratios:
Dissolvability examination of a firm demonstrates the measure of the other individuals' cash being utilized

to create benefit. By and large, these investigations are more worried with long haul obligations, on the

grounds that these submit the firm to a flood of installments as time goes on. Dissolvability investigation

incorporates:

• Proprietary proportion

• Debt proportion

• Debt to Value proportion

Proprietary Ratio:
=Total Equity/Total Assets

Year 2014 2015

Total Equity 81,367,002 947,919,19

Total Assets 817,758,326 944,232,762

Ratio 0.10 0.10

Debt Ratio:
=Total debts/total assets
 Year 2014 2015

Total Debts 40458926 45278138

Total Assets 817758326 944232762

Ratio 0.041 0.043

Payable to Equity Ratio:

=Long period debt/Equity

Year 2014 2015

Long time debt 40458926 45278138

Equity 28910798 33445409

Proportion 1.4 1.35

Overall Comments:

The general use position is demonstrating better pattern as contrast with earlier year. The commitment of

value in all out resources is appears to be same to the obligation, while the obligation commitment has been

expanded. Value proportion demonstrates the better state of the bank. Dissolvability Proportion is in great

condition. So we can state that general Dissolvability state of the UBL is better with the correlation with

the earlier year

 Profitability Examination
Profitability Proportion:
Productivity examination of a firm shows the general productively of the administration. Without

benefit an organization can't draw in the outside capital. Gainfulness investigation incorporates:

 Return on total assets

 Return on-equity

 Return on investment

Return on Assets:
=Net profit after tax/Total assets*100

Year 2014 2015

Net profit after tax 1545859 18211846

Total Assets 817758326 94791919

Returns 1.89% 1.92%

Return on Equity:
=Net profit after tax/Equity*100

Year 2014 2015

Net profit after tax 15458590 18211846

Equity 81367002 94791919

Return 18.99% 19.21%

Return on Investment:
=Net Profit after tax/Investment%100
 Year 2014 2015

Net profit after tax 15458590 18211846

Investment 170822491 217642822

Return 9.04% 8.36%

Overall Comments:

Benefit investigation demonstrates the whole execution of a business and in the event that we concentrate

the gainfulness pattern of bank then it will clear to us that it demonstrating a positive pattern. Net benefit

after duty is expanded as contrast with earlier year, because of it profit for resources, value and speculation

is expanding. Overall benefit is expanding as well as normal benefit of all the branches is expanding. Bank

premium pay is additionally expanding because of more advances in this year. This year bank add up to

stores are likewise expanded and that is the reason premium costs are indicating upward pattern.

Investors Examination:
Financial specialist examination or market investigation are identified with firm market valve, as measure

by its present share cost to certain bookkeeping values. Financial specialist investigation incorporates:

 Earnings per share

 P/E ratio

 Dividend yield ratio

 Dividend payout ratio

 Breakup value/Book value per share

Earnings per Stake:

=Net profit after tax/no of share

Year 2014 2015

Net profit after tax 15458590 18211846

No. of Share 122879.301 147447.97

Earning 125.80 123.51

Price to Earnings Ratio:

=MP per share/EPS

Year 2014 2015

MP Per Share 285 235

EPS 125.80 123.51

Ratio 2.27 1.90

Dividend Yield Ratio:

=DPS/MV per Share

Year 2014 2015

DPS 7.5 6.5

MV per Share 285 235

Ratio 0.03 0.03

Dividend Payout Ratio:

=DPS/EPS%100
 Year 2014 2015

DPS 7.5 6.5

EPS 125.80 123.51

Ratio 5.96 5.26

Book Value per Share:

=Equity/No, of Shares

Year 2014 2015

Equity 28910798 33445309

No. of shares 122873.301 147447.97

Ratio 235.28 226.82

% of Retained Earnings:
=100-Dividend Payout Ratio

Year 2014 2015

Dividend Payout Ratio 6.9735 10.4

Ratio 93.03% 89.6%

Overall Comments:

UBL has likewise has great venture open doors for the financial specialists. This bank has more fascination

for speculators as contrast with earlier year. Income per share are expanded because of increment in benefit.
Book esteem and market valve of one partake in likewise expanded as look at. Just profit payout proportion

is diminished less profits however it is likewise for speculators since it will build abundance of shareholders

and extreme advantage to financial specialists.

Horizontal analysis:

Horizontal analysis in %

Assets 2014 2015

Cash 100 113

Balance with other banks 75 77

Lending to financial institution 204 163

Investment 141 114

Advances 154 187

Operating fix assets 282 263

Other assets 162 233

Total assets 138 148

Liabilities 2014 2015

Share capital 166 182

Reserve 146 184

Unappropriated profit 495 573

Surplus on revel of assets 221 99

Bill payable 98 142

Borrowing 98 365

Deposit and other a/c 127 134

Liabilities against assets 197 148

Deferred tax 17467 16534

Other liabilities 134 172

Total liabilities 138 133

Vertical analysis

Vertical analysis in %

Assets 2014 2015

Cash 12.452 13.024

Balance 4.923 4.692

Lending 2.82 2.09

Investment 27.66 20.88

Loans 44.702 50.505

Operating fixed assets 3.402 2.961

Other assets 4.07 5.45

Whole assets 100 100

Liabilities 2014 2015

Shared capital 1.073 1.092

Reserve 3.07 3.43

Unappropriated income 5.94 6.46

Surplus 6.18 2.57

Bill payable 0.93 1.25

Borrowing 1.43 4.94

Deposit 77.66 76.42

Liabilities against assets 0.0044 0.0030

Deferred tax 0.67 0.57

Other liabilities 4.05 4.85

Total 100 100

 Chapter 10
SWOT Analysis
STRENGTHEN:
The qualities are UBL's interior capabilities contrasted with its rivals.

 UBL with an incorporated system of more than 1300 branches worldwide with 19 areas

abroad gives you guide access to a scope of best saving money administrations to help you

screen your business universally.

 UBL has workplaces in BAHRAIN, QATAR, UAE, UK, USA and YEMEN REPUBLIC.

 UBL was established in 1959 and is one of the main business banks in Pakistan. The Bank

endeavors to meet the difficulties postured through vital arranging and the best utilization

of assets.In mid-1979, a professional team was created to structure the bank and begin the

correct sizing. Management is also in the process of streamlining the branch network and

identifying and restoring its dubious and classified portfolio. It is planned to initiate

significant improvements in customer service and the internal system to improve

efficiency. Innovative products will also be introduced.

 UBL has assets of more than $ 620 million, capital and reserves of more than $ 120 billion

and a solid 50-year success story.

 The UBL UNI SERVICE concept strives for excellent customer support. UBL aims to

ensure full customer satisfaction through UNISERVICE, which will soon be available at

our full-service branches:

 Commercial financing
  Guarantee

 Credit letters

 Money transfer

 Transfers

 Discount of invoices

 Export financing

WEAKNESS:
Weakness is the internal attributes of the bank to decrease compared to competing banks.

 Most employers are not well qualified and do not have a proper professional attitude that

can prevent UBL from reaching the mark and satisfy its demanding customers. Most are

graduates and graduates

 available at all counters, but must be provided in each department.

 HRM is not very effective and active in the bank. Each branch must have a human

resources accountant

 They do not use modern techniques such as the pricing systems of other banks

 Most loans have become default defaults.

 All branches are not computer controlled

OPPORTUNITIES:
An opportunity is an external component located outside the organization. They would be at an

advantage for the company.

  The banking sector has entered a new era with innovative products and online services, the

other simply does not.

 Government. UAE has declared a free industrial zone, which has its own free port, in

which no tariffs are free to be imposed. UBL invests in this area through the opening of

branches.

 Commercial bankers may become the sole source of financial services for small businesses,

but to do so, they must invest in IT made offer products and services to small businesses.

You shoulder stand supplying your branches and deliveries based on the Web. UBL's third

largest bank can do well in Pakistan.

 UBL has offices in BAHRAIN, Qatar, UAE, UK and USA. Where other competitors do

not, it is a great opportunity for the bank.

 UBL has a very extensive network of branches in the country. Unfortunately, these shops

are not fully equipped with modern instruments, while other banks offer modern

management services. When introducing innovative products in the areas of synthesis, the

bank will be able to defend itself against other banks in the areas of synthesis.

 Due to the industrialization policy, the Bank can expand its operations through special

attention to this sector

THREATS:
Threats are also external factors in the environment that are not in favor of companies that can

seriously hamper the ability of the company to serve its customers.

  Expansion of newly established banks, such as ASKARI Business Bank, Faysal Bank,

Bank Alfalah, etc. And your best performance can lead to a loss of UBL's market shares.

 According to the World Bank report, Pakistan is becoming an "over-banking" economy

with neck-cut competition for deposits in the industry's fight for market shares. Customers

have turned out to be the most important benefits of the competition. Now they are

becoming more personalized services and innovative products.

 Along with the increase in size, banks are now integrating innovative approaches into their

traditional business banks, maintaining time shifts and emphasizing personalized service,

electronic money transfer, sophisticated financial products such as electronic banking,

ATMs and Night banks. UBL face problem.

Recommendations:
The bank should hire new enthusiastic, energetic, and diligent staff with professional skills and

knowledge

 UBL's senior management needs to adopt a strategy that helps eliminate internal policies

 The bank should have some strategies to educate employers and the general public about

the bank's services and products

 The management of the UBL should introduce some teams, which must carry out

credibility investigations, so that bad loans can be reduced due to fraud

 Or the bank should have a counter only for guidance and information about the bank's

services
  To verify the efficiency and effectiveness of employees, the management of MYSTERY

SHOPPING must be implemented.

 Effective training and qualified, diligent, and vigilant inspection teams are implemented

in all banks.

 The bank should apply marketing strategies to attract customers who are depositors like

other banks like City Bank and in Pakistan banks now one day they are introducing new

systems like Crore Patti Habib Bank Scheme and Raises check prices of MCB.

Satisfied Employees:
The performance reward link should make it strong as it is said, "A happy employee delivers more

than he receives from the organization." The UBL should also try to make its employees happier.

There is an immediate need to rebuild personnel policies. The selection must be made through

advertisements in the newspapers. In this way, you can formulate a more intelligent, efficient and

qualified staff.

Adopt New Technologies:

It is strongly recommended that UBL should go for computerization instead of manual labor,

which is very slow and time consuming process. At this age UBL does not even have a partially

computerized system where as other banks new competitors are now going towards online banking

services.

Government support:
Govt. You must have great interest to recover your bad debts, which can improve your financial

situation.
Investigate the borrower while lending:
In case of giving the loans, it is necessary to check the reputation of the client toward the repayment

of the loan. Bank should not advance the money to people who are addicted to rescheduling loans

because of their political influences. Instead of providing loans to these people, loans must be

advanced to reputable companies and industries that have a good loan repayment history.

Arrangement of training:
Along with the officers, training should also be given to the office staff. Because the UBL run on

the manual system and training employees directly to improve their work efficiency. The current

training program for its officers should be improved, as this program instead of improving the

efficiency of the officers only puts a pressure on the bank in the form of T.A. heavy. , THERE.

And costs.

Improvement of the working environment:

Working conditions must be improved for workers. Bank will definitely have more benefits after

some expenses in working conditions as it improves the efficiency and productivity of employees.

There must be a friendly atmosphere among all employees as it increases trust and sincerity.

Promotion on merit:
The deterioration of efficiency is mainly due to the promotion without merits. Therefore,

promotions must be awarded on merit and when due.

Employee behavior:
Particular attention must be paid to the behavior of employees towards the client, since the

customer is the most important person for each bank.

Reduce political influence:
Political is also one of the most important issues in almost any branch of the UBL. Political

influences on the bank must be eliminated.

Decision Support:
Power must transfer to mid-level staff to make the decision in the sport. Reduces both costs and

time

Increase spending limits:

The administration must increase the limit of the branch of the expenses to meet the necessary

expenses of personnel relations.

Conclusion:
The National Bank of Pakistan is one of the nationalized banks in Pakistan. He is the representative

of the PAS as well. It has the edge of support from the Government and the SBP. It has been

declared "bank of the year 2005". The overall progress of this bank can be assessed. But it has

some drawbacks that can cause serious problems. You should pay attention to the Bank's FC and

customer services. It has the large portion of capital and assets that shows investor confidence and

a better bank condition. It also has the network of large branch offices not only cross the country,

but cross the border as well. It has the edge of the large number of products and bank of the nation

as well. If it comes to human resource deficiencies and give preference, it will rise and rise.

Glossary
Bank:

Bank is an institution that receives deposits and advances of loans and the differential between

deposits and advances is called the bank's profit.

Bank bill:

An unpaid promissory note from a Federal Reserve Bank that is paid to the bearer upon request

and may be used as cash.

Bank Settlement:

The procedure of regulating the balance of an explanation stated by a bank to reproduce dealings

that have happened since the particle date.

Banking:

Banking means tolerant the drive of loaning or capitalizing credits of public cash allocated on

request or then and reserved by check, draft or command.

Money Reserve:

Money reserves merely means the money that is detained by the bank at a agreed time.

Check:

A check (USA) is a passable tool [1] that of a specific currency from a specific claim held in the

name of the manufacturer / depositor with that institution. Both the manufacturer and the

beneficiary may be natural or legal persons.

Commercial bank:

Commercial bank means any bank that takes the banking activities to obtain the profit is called

commercial bank.
Credit card:

That is delivered by the bank to the client to do dealings on the credit base.

Debit:

It works fair like a recognition card, but in money. It means the card that is issued by the bank to

the customer up to the amount that the customer has in the form of cash in the bank account.

Loan on demand:

A loan that is refundable on demand (ie, without prior notice), rather than a specific date.

To deposit:

Money transferred to a customer's account at a financial institution

E-Banking:

Banking through electronic/ electronic channels. Online and mobile is possible due to E-Banking.

To finance:

All those activities that have to do with the dispositions and the management of the funds for the

good operation of the businesses”.

NIFT:

Represents "National Institution of Facilitation Technologies". It is the expertise used for departure

within the nation.

Offshore banking unit:

Bank branch across the boundary.

Overdraft:

The amount by which withdrawals exceed the depositor's credit extension by a lending institution

to allow such a situation.

Current Finance:

The type of financing in which the margin is charged on the amount that the borrower uses. And

in the remaining amount that the borrower has in the bank account, the margin is not charged.

QUICK:

Represents "Society for Global Interbank Financial Transactions". It is the technology that is used

to transfer the amount across the limit.