Xi nrb posting of lc issuance and payments 30 after

xi. NRB posting of LC Issuance and payments

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After recording the LC issuance and LC payments in the excel sheet, the intern had to
record the same information in the official website of the NRB.
NRB posting was sensitive task, even a small mistake would result in the goods being
held in the custom entry point in Nepal. Thus, the data had to filled with great care.
The information like LC number, date of issue, date and place of expiry, name of the
applicant and beneficiary, currency code and amount, percentage of tolerance,
shipment date, name of custom entry point, port of loading, port of discharge, place of
final destination, description of goods, harmonic code, Inco term, country of origin
and country of shipment had to be filled in the NRB website. The posting would be
completed with the upload of PI and BI.BI.NI Form. In case the intern made some
error during the posting, the supervisor would return the document and the intern had
to again edit the NRB posting. Once the supervisor would accept the entry made by
the intern, the LC document would be reviewed by NRB.
xii. Filing of documents
In case of new LC opening, the intern had to prepare a new file and place the
documents. While in case of payment, the swift copies were placed in the existing file
by the intern. The filing of documents had to be done on a day to day basis. The
intern had to store and drive different types of files according to the requirement of
the supervisors. The files were stored on the basis of LC number and branch code
which are provided according to the nature of transaction and the currency used for
the transaction.
3.3. Experiences in the internship
Firstly, the intern learnt how to apply for LC for import. From scanning to photocopying,
emailing, filing, data entry, and software input, every action performed and responsibility
assigned was critical to the intern. Corresponding to the purpose of the internship program, the

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intern had the opportunity to apply theoretical knowledge in a real-world working setting during
the internship period. Being not much familiar with the practicality of LC application and
issuance, the intern had gained a practical exposure. With the knowledge gained at the
Department of Trade Finance at RBBL, it would be of great aid to the intern when applying for
the jobs and vacancies after graduation.
This internship program at the Department of Trade Finance has given the intern the
opportunities to acquire practical experience in the real banking industry and respond as a
cornerstone prior to actually entering the professional life, thereby amplifying personal capability
and competencies and establishing managerial skills and behavior. This program has aided in the
development of the intern's personal and analytical abilities. It has also aided in the development
of the capacity to function under pressure and in a team-based environment.