students and for the completion of my internship which was assigned to me by the institution. But very soon am successfully achieve to get the intention with the top influence people and with the help of these people who are too much intelligent. This was my first step towards the completion of my task. \During the internship session I got the chance to perform on different activities, which are listed below, and short explanation is also given below. Clearing Department In the 1st week of my internship I worked in the clearing department where I got a lot of knowledge and skills about cheques, to open an account the customer has to meet the general banking manager with an introducer. Account opening department Next 2nd weeks I worked in accounts department and account opening department, To get an application for account opening, different color-coded application forms are available for each
75 type of account. Along with the form a card for specimen signature is also supplied to customer. Manager has every right not to accept this contrast if he is not satisfying by the details, or any legal form. In this case the contrast is acceptable to both, now it is ready to open the account formally. SIR ABDULLAH taught me some basic terms are as follow: Pay-In-Slip When the customer wants to submit cash into the account then we fill him the credit voucher also called pay-in-slip. Demand Draft For the payment of third party we make demand draft we kept the voucher to itself and give cheque to the customer. This is very easy and I fill every draft of the customers and then write on the register for evidence. In demand draft the customer can transfer the amount only 1 million. For account holder: Upto 1000,000 .5% minimum 200/- Over the 1000,000 .4% minimum 600/- For non-account holder: Upto 1000,000 .5% minimum 450/- Over the 1000,000 .4% minimum 1000/- For student fee .50% minimum 25/- Inter-city clearingOut of city clearing called inter-city clearing and within the city clearing called simple clearing. in inter-city clearing, Green voucher is attached with document and in simple clearing Orange voucher is attached with the document. MEMOFor specific reason when the amount didn’t withdrawn is called memo. For example insufficient amount memo is written. Inter-bank charges: When other banks cheques clear in our bank then our bank deduct the charges those charges called IBT.
76 Remittance department In my last week the operation manager of NBP replace my seat and gave me new task to learnt remittance from SIR ADEEL. Sir taught me about remittance and fill the documents under my observation and give me files to prepare the computer work. There are no charges to keep the money no deduction. Only the person who send the money from abroad pay the charges. SIR EHSAN taught me about fixed deposit. There are following deposit terms. PAS (premium adman scheme) TDR (term deposit receipt) MIS (monthly income scheme) These 3 deposits are fixed deposit scheme. And in fixed deposit the following year profits are given to the customer. The deposit scheme is for 5 years only and the customer get following profit from these deposits.