General Banking Activities of Jamuna Bank

Abstract

“Bank” is an English word that comes from the Italian word “banco”. Bank is considered as lifeblood of modern economy. It is not possible to function for a person, a community and a country without money. In the same way money or its promotion is not possible in the absence of bank. Every nation has a bank that produces currency and is in charge of its messaging. A bank is a type of financial institution that builds capital by collecting the savings of ordinary people and the surplus money of institutions as deposits and lending that capital to businessmen. In this process the bank pays interest to the depositor and collects interest from the borrower. In some cases, the bank itself makes a profit by investing in the business. Apart from deposit taking and loan services, banks also provide various financial services, the main of which is the completion of transactions between two parties. For example, in the case of international trade, the bank ensures payment of the goods by the buyer to the seller. Besides, banks also play the role of custodians of national savings. As we are students of English department, we don’t have real world experience with banks or their internal workings. I gained real world experience of banking by staying in a genuine banking environment. The internship program provided me a opportunity to gain practical expertise. Being an intern at Jamuna Bank Limited (JBL) gave me a fantastic opportunity to gain some real-world experiences. The topic of my report is general banking activities of Jamuna Bank Limited (JBL). In this report I tried to show the general banking activities of Jamuna Bank. With the assistance of my banker's supervisor, I have learned about Jamuna Bank's limited (JBL) general banking practices over these three months of my internship. I now know about several kinds of account openings. Two divisions made up my internship experience at Jamuna Bank Limited branch in Mirpur 1. I worked for the General Banking Department for the first two months, and for the last month, I worked for the Foreign Exchange Department. I worked with everyone in every area of the General Department for the first two months. As a result, I have worked in several areas of the department. Every employee at Jamuna Bank Ltd. (JBL) treated with respect and love. They never treated me as a guest throughout my internship period. Because of the mutual admiration between coworkers, each person works diligently and fulfills their responsibilities as required. The workers gave me a lot of expectations and responsibilities as an intern. At the beginning of my internship it seemed hard to complete, but after a few days of working on it, I started to accustomed with the new environment of bank and gain knowledge and acquire experience. Gradually the duties become easier for me. In the end, I completed my commitments and ambitions.