General Banking Activities at First Security Islamic Bank Limited

Abstract

Modern banking incorporates a variety of financial services, including loans, funds, and payment options. A crucial aspect of the banking process is establishing a positive and trustworthy brand image. Students are provided with a practical understanding of the relationship between abstract concepts and real-world scenarios through practical training systems. I completed a three-month apprenticeship at First Security Islami Bank Limited (FSIBL) as part of my graduate program requirements. During my apprenticeship at FSIBL, I was tasked with working in two distinct areas, including general banking, cheque clearance, and other duties. My primary objective was to gain a thorough understanding of finance operations in general. Since its establishment in 1999, FSIBL, a third-generation commercial bank in Bangladesh, has become one of the country's largest networks. FSIBL aspires to play a prominent position in the country's financial landscape, with 181 branches in various regions and a commitment to providing exemplary services. In addition, it seeks to promote business expansion, commerce, and productivity via an innovative loan strategy. General Finance was the focus of my research, in which I examined its diagnostic aspects. The procedure begins with the establishment of a general account, followed by the completion of specific account requirements, the discussion of investment interest rates, and the management of departments related to cheque clearance, invoicing, collections, and local transfers. My apprenticeship at FSIBL has provided me with valuable insights into the operation of a contemporary financial institution, particularly in the sphere of general banking operations.