An Internship Report on Soneri Bank Ltd. - 1975 Words

An Internship Report on Soneri Bank Ltd. Muhammad Ali Jinnah University ISLAMABAD Internship Report At Submitted by: Mr. Umair Azim ME063005 MBA (BF) An Internship Report on Soneri Bank Ltd. Table of contents ï  ¶ History ï  ¶ Job Description ï  ¶ Departments, I served ï  ¶ Accounts Opening ï  ¶ Remittance ï  ¶ Clearing ï  ¶ Areas, I learnt ï  ¶ How my internship would influence my career ï  ¶ Conclusion An Internship Report on Soneri Bank Ltd. History Incorporated on September 28, 1991 the first Branch of Soneri Bank Limited formally opened doors for operations in Lahore on April 16, 1992 followed by Karachi Branch on May 09,1992. The bank now operates with 72 branches spread all over Pakistan including the Northern Areas of the country where no other†¦show more content†¦Withholding Tax apply on all cash withdrawals and profit credited into account †¢ †¢ †¢ Profit Loss Savings Account PLS Savings Bank Account is a simple, straight forward Savings Bank Account with a great convenience for individuals (in single or joint names) minors (to be operated by the guardian) charitable institutions, provident fund and other funds of kind nature local bodies, limited companies, firms associations, educational institutions, etc. The account can be opened with a minimum amount of Rs. 5000/- (Rupees five Thousand). Rs.25 will be deduct per month if balance decrease from Rs.5000. All other features of Profit Loss Saving account are same as Current Account. SHARING PROFIT/LOSS: †¢ Minimum balance of Rs. 1,000/- is required to qualify for profit An Internship Report on Soneri Bank Ltd. †¢ Profit/loss earned/incurred on PLS Savings Bank Accounts are credited/debited on a six monthly basis within a reasonable time from the date of the close of half-yearly/ yearly books of accounts of the Bank Term Deposit Account Term deposit is offered by Soneri Bank to Individuals (in single or joint names), Minors (to be operated by the guardian), Charitable Institutions, Provident Fund and other funds of benevolent nature local bodies, Autonomous Corporations, LimitedShow MoreRelatedInternship Report on Mcb20087 Words   |  81 Pagesin the organizational environment which is dramatically different from the educational environment. That two months period called â€Å"Internship Period†, if spent properly and sincerely, enables the students to be more confident, more knowledgeable, more responsible and, above all, more committed to its work in the  practical field. I have also been assigned to do internship of six weeks period in MCB Allama Iqbal Town Branch Lahore. It has enabled me to understand the practical scenario and sharpen our