AN INTERNSHIP REPORT ON JS BANK LIMITED G.

T
ROAD BRANCH GUJRAT.

Internship Report Submitted to Faculty of Management and Administrative

Sciences

MBA(3.5Year) Finance
Session (2011-2015)

UNIVERSITY OF GUJRAT
Date of Submission 15/09/2013

Name of Program Coordinator:

Signature of Program Coordinator: ____________________
Dedication
I dedicate to my dear Parents, Bank staff member, University Of Gujarat
and my respectable Teachers whose guidance is always with me.
1.Acknowledgement
First problem that every student faces is the choice of a organization for internship. I
am thankful to my friend Mr. Nauman for helping me out in time of disorder. I am
thankful to UOG for give me this chance. During our course I had a real chance to
learn fr om his huge knowledge and vast knowledge. I would like to thank all those
persons who helped me in finishing my project work.
I am very thankful to staff members. I am thankful to the Bank Manager,
Mr.Tassadaq Maqbool Malik G.T Road Branch Gujrat. He guides me during my
internship from 17.07.2013 to 27.08.2013. Finally I am thankful to the most gracious and
Almighty Allah who gives me the power that I perform my mission with powerfully.”

1.
2.Table of Content
Serial No. Description Page No.
Title Page
Internship Certificate
1 Dedication 2
2 Acknowledgement 3
3 Table of Contents 4
4 Executive Summary 8
Chapter # 1 Introduction, overview and structure of organization 9
1.1 Brief Introduction of The organization Business sector 9
1.2 What is Bank 9
Chapter # 2 Overview of the Organization 11
2.1 Brief history 11
2.2 Evolution of Banking in Indo-Pak Sub-Continent 11
2.3 Present status and history 15
2.4 Vision & Mission Statement 17
2.5 JS vision Statement 17
2.6 JS mission Statement 17
2.7 Branches Network 17
Chapter # 3 Nature of the organization 17
3.1 Business volume, reward honors & success Stories 18
Business volume 18
Reward honors & success stories 18
3.2 Products and services 20
Products 21
Kamiyab business 21
Retail banking 21
22
Rupee plus account
Rupee current account 22
Pls rupee saving account 22

Rupee basic banking account 23

Rupee fixed charges 23
Foreign currency account 23
Loans and running finance 23
Western union home remittance 23
Internet banking 23
3.3 Services 24
3.4 24
Demand Draft
 24
WIFT System
24
Letters of Credit
Cheques 24
25
Payment Order
Mail Transfer 25
Foreign Remittances 25
Short Term Investments 25
3.5 PEST Analysis 26
Political (Includes legal &Regulatory) 26
Economic 26
Social 27
Technological 27
Role of JS in economic development 27
Organizational Structure 28
No. of Employees 29
JS of Pakistan, Head Office 29
3.6 Hierarchy of JS 29
3.7 Introduction of all Department 30
Cash Department 30
Clearance Department 30
Advance Department 31
Remittance Department 32
Deposit Department 32
3.7.1 Account Opening Department: 32
3.7.2 Credit Department 33
3.7.3 Government Department 33
3.7.4 Comments on the organization structure 34
WORK DONE BY ME 35
Branch Introduction 35
Branch Profile 35
Branch Hierarchy 35
Starting and Ending Date of Internship 36
Supervisor 36
Weekly time Table 36

3.7.5 Detailed Description of the Department in Which work 39

Account opening department 39
Current Account 40
Saving Account 40
Fixed Account 41
 Precautions necessary to open an account 41
How to open an Account 42
Procedure to open an account 42
Documents to be attached 43
Issuance of cheque book 45
Payment of cheque 45
Cheque cancellation 46
How to close to Account 46
3.7.6 Advance Department 46
Loan against gold 47
Procedure for advance loan 47
3.7.7 Government Department 48
Pension payment Documents required 48
Payment of Pension 49
3.7.8 Remittance Department 49
Demand Draft 49
payment Order 50
Online transfer Money 50
3.7.9 Clearance Department 51
In-word clearing Book 52
Out-word clearing Book 52
Computer department 52
Foreign Remittance 53
Payment of western union 53
Payment of E-Remittance 53
utility bills collection 53
Chapter #4 Describe detail of the tasks entrusted me 54
4.1 Summary of learning 55
4.2 Skill and qualification gained from training 55
4.3 What kind of responsibility assign me 56
4.4 Internship will influence your future career 57
4.5 Internship activities and class room knowledge 57
Chapter # 5 Conclusion of the report 58
5.1 Summary of training experience 58
5.2 Observation about JS 59
5.3 SWOT analysis 59
5.3.1 Strength 59
5.3.2 Weaknesses 60

5.3.3 Opportunities 60
5.3.4 Threats 61
Chapter#6 Recommendations 61
Chapter#7 References 62

3.Executive Summary
“ In order to understand my knowledge and effective
skills, I have performed 6 weak Internship at JS Bank of Pakistan, G.T Road branch
Gujrat. The purpose of the internship was to survey the issues related to finance and
the completion of financial conditions, which I learnt from my course books. In this
report, I have given a very lengthy analysis of what I have seen and felt during my
Internship in Loan department, cash clearing account and customer service I have
mentioned all of my dynamic and reactive education in my Internship report. During my
internship, I wind up the strengths of the organization as good energetic location, online
banking, routine process and big place. According to my inspection during internship the
JS maintains an brilliant location in banking sectors in Pakistan and this is based on the
generally presentation of JS Bank of Pakistan. The objective of this Internship was to
survey the issues linking to Finance and to find out evils about the academic concepts
with sensible practice working in an organization during the internship and study the
system of JS Bank of Pakistan. According to my information there are much possible
perfections, which we can make positive changes in the system of JS in future years.”
“Additionally, I have discussed regarding my learning skills and capabilities in the
whole permanent status that is all about the Operation behavior banking Terminologies
and working actions of Finance sector. I have made it possible to write each and every
thing that I have learnt over there. I have all my useful hard work in the form of these
documents that’s the asset for my future line of business.
“In this report the full investigation of the organization has been complete and the
economic, technological, management and strategic aspects have been evaluated to
examine the current location of the organization. All the information in this report is
based upon my inspection, interviews and useful connection in unlike tasks through my
internship at JS.
 Chapter # 1: Introduction,overview and structure of organization

INTRODUCTION
JS Bank Limited has been produced after the combination and merger of
Jahangir Siddiqui Investment Bank Limited and commercial banking operations of
American Express Bank Ltd Pakistan. JS Bank Limited commenced operations in
Pakistan as a totally programmed bank on December 30, 2006. JS Bank
Limited also has a major trader warrant for government secu ritie s startin g the
S ta te Ban k o f Pa kista n. JS Ban k’s heart is to gi ve a qual it y an d
inn o va ti ve choi ce o f ban kin g militar y and good s. The Ban k’s ke y
be ha vi or can be categorized into three Business Units:

 Trade and Consumer Banking

 capital
 Corporate & Commercial Banking
 Investment Banking

Overview of organization and its structure

1.1. Brief introduction of the organization

“It is an climbing duty to copy the foundation of word “bank”. Some people think
that “banco” is the foundation of bank. “Banco” means a work surface. The untimely
bankers had finished their business on the benches in Lombardy-Italy. There are others
who say that “back” is the beginning of it. It is a German word and means a joint stock
finance. There is no record for inspection the right judgment.” We can speak

“The Bank is a man who lends you an sun umbrella when the climate is light and
takes it missing when it rains.”
 1.2.What is Bank

A bank is an organization for the keeping, loan or exchange of money for

sanction credit, for transferring money by house foreign bills of exchange. It is a channel
during which currency moves into and out of flow. As it is clear from the definition of
banking, the main movement or function of banking is borrowing and lending of money
with a scope of increase. However, as far as the current day banking is disturbed, there
are a number of special banks, set up under specific different objectives, performing
arts a variety of functions.

 According to KINELY

“A banker is an organization which receives deposits and advances loans.”

 According to GILBERT

“A banker is a trader in investment or more correctly a trader in money. He is an

agent party between the borrower and the lender.”

 According to CROWTHER

“A bank collects money from individuals who have it extra or who are save it out
of their incomes. It lends money to those who need it.”

 According to COULBARN

“Banks are a variety of firms for the safe keeping of money and to granting and
transferring of credit.”
 Chapter # 2:Overview of the Organization

2.1. Brief History

2.2.Evolution of Banking in Indo-Pak Sub-Continent

“Indian civilization was reasonably common with the bank, right at the opening.
There is also enough proof to show that the people during the fifth century were
adapted to the use of hunting dogs as an savings loan, And whenever people loans
beside securities and other personal stuff and goods and other material goods.”

2.3.Present status and history

“JS Bank of Pakistan maintains its location as the bank of Pakistan Prime Minister
is resolute to set higher principles of achievement. Which is a main trading colleague of
the Government of Pakistan, with a exacting focus on promoting financial development
through violent lending policies and balanced Pakistani and technology-oriented
branches? The JS Bank of Pakistan came into survival on 20 November 1949 with the
National Bank of Pakistan NO.21 judgment of 1949.It is a quasi-public bank such as
banks and other businesses. consequently, receives funds from depositors and
provides loans / praise services in all sectors such as industry, trade and cultivation It
also acts as an manager of the Central Bank and working in places materials where
there is no branch of the State Bank of Pakistan there. JS of Pakistan also public sector
along with other banks, in January 1974 sambrial joint bank also in this bank. In 1999
the JS celebrates its golden anniversary during the past fifty years the bank has taken
significant steps in the economic services industry in Pakistan.
In 1999, the market share of 22% and ruins the largest financial institution in Pakistan.”

Following is the brief the past of JS Bank of Pakistan

2.4. Vision & Mission Statement

2.5. JS vision Statement

To provide quality and innovative range of banking services and products to our
customers by a highly motivated team of professionals maintaining returns to our
shareholders.

2.6. JS mission Statement

 To be a fa vorite partne r of ou r clien te le b y pro vidi ng comple te
fina ncia l solu tio ns exceeding service outlook, though a single
connection via conservative and non – conservative, conveniently easy to
get to sharing channels.

2.7.Branches Network

ONLINE BRANCHES 1286

JS SWIFT Network 13
Customer facilitation 16
Centers
OVERSEAS BRANCHES 23
No. of ATMs 203
Islamic banking 8

Chapter # 3: Nature of the organization

“JS Bank of Pakistan is a banking institute, a public limited company
programmed in Karachi Stock Exchange (KSE), Islamabad Stock Exchange (ISE), and
Lahore Stock Exchange (LSE).”
3.1. Business volume, reward honors & success Stories
 Business volume

Annual Report 2012

(Rupees in Millions)
Total benefit 1149578
leave 927421
Advance 525046
savings 319531
investor justice 110520
Pretax Profit 26011
After income tax profit 17605
income per share 10.47
figure of division 1300
quantity of worker 16924

 Reward honors & success stories

 3rd Global person Resource brilliance Award – 2012 Administered by Global

Media Links in teamwork with Better Pakistan.

 "Planned in top 1000 banks of the world for the year 2012 by the world
famous “The Banker” publication owned by the Financial Times Group, London.

 2nd Global Human Resource brilliance Award – 2011 administered by Global

Media Links in teamwork with Better Pakistan.

 “Pakistan: operation of the Year Award – 2011awarded by Islamic Finance

News, for two wind farm projects of 50MW each in which the bank acted as
global inter-creditor manager (for the Islamic Development Bank, the Asian
Development Bank and syndicate of local banks).
 “operation of the Year Award – 2011 awarded by CFA relationship of
Pakistan for the private situation and offer-for-sale of Engro Foods Limited.

 "Bank of the Year" award for the year 2011 by the world celebrated "The
Banker" magazine owned by the Financial Times Group, London

 "Top commercial Finance House (Fixed Income) Award of the Year 2011"
awarded by the "CFA relationship of Pakistan". JS Bank of Pakistan Awarded

 “Best rising Markets Bank 2011”Awarded By Global Finance Magazine

 “Bank of the Year” awarded for the year 2010 by the world well-known “The
Banker” magazine owned by the Financial Times Group, London

 "candidate up of Corporate Finance House (Fixed Income) Award of the

Year 2010", awarded by the "CFA organization Pakistan".

 JS is awarded “President of Pakistan Trophy”, a top opening award by

partnership of Pakistan chamber of Commerce and production in 2010.

 JS is awarded “Prime Minister of Pakistan Trophy”, a top opening award by

Lahore Chambers of Commerce and Industry in 2010

 Among the international most important banks, JS is the only Pakistani bank
appear in top 500 banks of the world in “The Banker” magazine owned by the
monetary Times Group, London

 “Bank of the Year” awarded for the year 2008 by the world renowned “The
Banker” magazine owned by the economic Times Group, London

 “World’s Best overseas substitute Bank 2008” awarded by world’s important

monetary journal “international Finance”
  Best Return on Capital for 2006 between all Banks in Asia. - “Banker
Magazine” in July 2008.

3.2.Products and services

Products:

Business
 KamiyabBusiness
A host of free military and benefits’ make the kamiyab business account the perfect
catalyst for the growth of small and large business alike.empover your business to
achieve more with the kamiyab business account.
Features:
 Free online inter-city funds transfer
 Free returned cheque(external)
 Free demand draft and pay order issues
Additional free services upon maintenance of PKR 50,000 monthly average
balance includes:
 Counter cheque
 Collection cheque
 Retained mail
 Stop payment
 Cheque book issuance(25 leaves)
 Telex/postage
 Statement issuance
 Balance certificate
 Small locker
 Visa debit card issuance
 Visa debit card annual free waiver
 Retail Banking
 Retail Banking at JS Bank offers a selection of products and services for
both depositors and borrowers at aggressive rates. Please call or visit
our Retail Banking team to discuss your financial needs. You may take a
photograph of the Products & Services in the menu on the left-hand side of the
 screen. To get additional details, please click on to the specific Product
or Service. Please note that Zakat, w/tax, or any other tax/ situation are
related as per policy.

 Rupee Plus Account

A high yield saving account for the discerning investor that calculates your profit on a
daily basis and credits it to your account every month. Get more from your money with
the JS bank rupee plus saving account.
Features:
 Profit considered on daily basis and paid monthly
 No restrictions on deposits and withdrawals
 Free online inter-city funds transfer
 Free return cheque(outward)
 Free demand draft and pay order issuance
Additional free services upon maintenance of PKR 250,000 monthly average
balance includes:
 Counter cheque
 Collection cheque(Local)
 Retained mail
 Stop payment
 Cheque book issuance(25 leaves)
 Statement issuance
 Balance certificate
 Small locker
 Visa debit card issuance
 Visa debit card annual fee waiver
 Rupee Current Account

A non-profit behavior account principally for individuals and companies having large
turnover of cheques. No minimum stability is required to open an report

 Boundless contract account with inspection capability.

 ATM/ Debit card ability.
Nationwide banking capacity
 PLS Rupee Savings Account
Account for small businesses and persons wishing to produce extra profits on
their money. Account can be opened with Rs 5,000/= with follow features.
 boundless communication account with examination ability
 Profit accrues on monthly lowest amount balance and disburse into the account
six-monthly.
 ATM/Debit card skill.
  Country large banking capacity.
 Rupee Basic Banking Account
Rupee account that can be open with Rs 1,000/= as least amount balance
obligation. Ideal for rewarded persons and persons with low transaction revenue
require.

 No transactional charges up to 2 deposit transactions & 2 checking withdrawals.

 No minimum balance requirements.
 No charges to maintain the account.
 Country wide banking facility.

 Rupee Fixed Charges

Avail fixed deposits crop with special tenor and aggressive rates. You can place
your idle deposit accessible in Current, finances, Kamiyab or Rupee Plus
account and harvest the benefit of most favorable arrival.

 different tenors
 Expenditure of profit base upon your alternative.
 Foreign Currency Account
 Current & Savings balance sheet in USD, hammer Stage, and Euro are
presented.
 Loans & Running
Finance
We offer operation finance & Loan services against Deposits and Govt. of
Pakistan securities to be used as guarantee. A committed Relationship officer
will seem after all your credit wants.
 rapid payment
 workable duty

 Western Union Home Remittance

Fast and reliable way for receiving money transfer from across 190
countries & territories worldwide.
 No bank report wanted.
 standard money transfer are generally offered within notes for pick up by the
receiver
 Receive inner payment from everyplace in the world.

 Sale&Encashment Govt. Of Pakistan Securities

 We are certified agents to trade and encase Govt. of Pakistan securities
(Defense saving certificates & Special savings certificates.) Our report
holder can reward this ability from our any of the branches.
You ca n acti vate yo u r accoun t from an y o f the b ran che s of JS
B ank Limi ted . We ha ve aggressive strategy to increase our area office
system giving our clients a wider branch network.(subject to support from
narrow establishment.)
 Deposit & remove cash
 Issuance of Pay orders & Demand draft.
 announcement of account printout

 SWIFT transfer
 condition of the art overseas money account funds transfer system. From
Pakistan to overseas and vice versa. Local system be relevant.

 State of the art SWIFT mode of expense, ensure funds transfer in straight time.
 safe and competent freedom system for inner and external expenditure
 Utility Bills payment
P ubli c can easi l y de posit Ele ctri cit y, Sui ga s & PTCL bil ls a t an y o f
ou r ban k' s branches.

 Hassle free
 relaxed environment
 No need to continue bank account

 9 to 5 Non-stop banking

We offer 9 to 5 non-stop banking armed forces at our cash counters (for

Pak Rupee transactions only

 9:00 A.M to 5 P.M (Monday to Thursday)

 9:00 A.M to 12:30 P.M & 3:00 P.M to 5:00 P.M (Friday)
 9:00 A.M to 12:30 P.M (Saturday)

 CarAamad
is an repayment based lend which will be comprehensive to persons as well as
businesses for buy of new/used/imported vehicles.
 Product Benefits & Features
  Quickest & Hassle-free processing
 Personalize military
 Low losing sum {as low as 10% }
 bendable possession 1 - 5 years
 First Year indemnity Financing/ up front
 Early conclusion option { supposed Charges apply }
 Co-Borrower ability
 No -hidden Charges
 Step-up & Step-down facility
 Free Tracker Device– No monitoring charges
 Replacement of Financed means of transportation
 Financing 150,000 to 3,500,000
 No down payment & giving out fee previous to agreement
 Cash your car at 75% money

expand Payment facility We believe in distribution the joy of our clients by giving
them repayment, which are aimed at making consumers car buying knowledge an
moving occasion.
 Eligibility

 Pakistani nationalized
 Salaried OR Self-employed
 smallest amount 20 & Maximum 65 Years Old (for business/self-employed
persons)
 lowest amount 21 & Maximum 60 Years Old (for paid persons)
 least net salary 12,000
 1 month – 1 year employ (situation apply) or 1 year industry
Power Speed Loan
 best approval in city, within 120 mines (situation apply).

 Payments
1. No Down sum before agreement
JS Bank is the fast and hassle free route to the car of your selection. donation no
down payment and processing charges till your submission is accepted.

2. PAYS (Pay as you wish)

JS Bank offer you flexible payment plans (Balloon expenses).

Walk –UP
You can plan your own repayment plan with settlement increasing every year,
opportunity with lowinstallments to go with your cash flow.
Walk –DOWN
Step down allows you to pay advanced at the opening with your
r e p a y m e n t r e d u c i n g i n subsequent years. Payment during the period of the credit
ruins reasonable.

3. Processing Charges
A processing charge of Rs.4000/- will apply after approval.

4. Repayment Options
JS Bank offer you more then one compensation option.

 PDCs: You can pay back your loan via PDCs (job old Charges).
 AADI:

“Auto Account Debit education“

W here yo u ca n pa y back yo u r lo an in a pe rsonal account open for your Auto
Loan capability.

5. Early agreement Option

We offer you an early agreement option with a supposed 5% charge of the outstanding
standard.

 Insurance & Tracker

JS offers you the following insurance options

 Comprehensive indemnity
 indemnity financing for the first year/ up front insurance

Enjoy security and complete peace-of-mind as JS auto loan becomes the product which
offers you a free Tracker device installed in your car.

 Markup Rates

JS Bank offers the car financing facility at the markup rates initial from as low as 15%
per annum.
Documents Required

 CNIC (copy)
 Current pay slip
 Bank report for last 6 months.
 Last service Bill
 NTN (National Tax Number only for businesses)
 evidence of business/listing (self-employed)
 identification size photograph incase of CNIC with thumb feeling
Coming Soon

 individual Loan
 Mortgages

 Muhib-e-Watan
calculated in particular care in view the needs of the beneficiary of foreign
remittances, the JS bank Muhib-e-Watan account give you great benefits’ and a
improved rate of go again.
Features:
 huge profits, paid every month
 Account tailored specially for Muhib-e-Watan account holder
 Fast and easy account opening
 Account opening with just PKR 5
 In agreement with the state bank of Pakistan’s PRI program-funds from
anywhere in the world may be transfer to the Muhib-e-Watan account
 Amounts from any bank account may be transfer
In addition, avail the following benifits fee of charges:
 Issuance of cheque book(25 leaves)
 Issuance of JS Bank visa debit card with yearly fee waiver
 Pay order and demand draft
 Telebanking
 Returned cheques

 RoshanKal
Be ready for any face life throw your way, with JS Bank Roshankal,an investment
plan that gives you the dual benefit of attractive returns plus a important sum of
life insurance treatment. So step up and busy life to the max,as we have you
enclosed for the likely and the unexpected!
Features:
 Fund collection choice
 The longer the plan is nonstop the top the returns
  elasticity to top-up savings by deposit surplus money
 Enjoy a definite life guarantee security
 Option to withdrawal your full or incomplete savings after payment for two
full years

Extra benifits consist of:

 increase protection
 extra term guarantee
 unintentional death and disability benefit
 relations profits benefit
 Life care benefit and waiver of top

 Internet Banking

Log on to a world of perfect convenience and continuance with JS bank internet

banking. With state-of-the-art security, an ever rising list of services and a host of
benifits benefitting all types of account holder, exceptional banking is now at your
fingertips.

Features:

 Online account report

 Pay order, cheque book and paper report request
 contribution of e-statements and sms alert
 Real-time fund move (inter-bank and internet)
 Utility bill expense examine(UBPS)
 Standing orders

 Sms alerts e- statement

Be on top of all movement in your account with the js bank sms alert service.
with your mobile phone in hand you are never for missing from care track of
all that goes on with our comprehensive list of communication enclosed. And
if that is not sufficient get a birds eye outlook at any time or regularity of your
choosing throughout JS bank e-statement.
Features:
  accept an alert for all dealings including branch deposit withdrawal,
ATM cash withdrawals , cheque payment, account balance, inter-bank
fund transfer(IBFT), cash deposit and telebanking.
 decide any regularity f e-statements:
every day
Weekly
Fortnightly
Monthly
Semi-annually
 Or annually

3.3. Services

3.4.Demand Draft

“If you are looking for a secure, immediate and dependable way to move money,
you can now buy JS bank Demand Drafts at very sensible rates. Any person whether an
account holder of the bank or not, can purchase a Demand Draft from a bank branch.”

 SWIFT System

“The SWIFT system (Society for Worldwide Inter bank Financial

Telecommunication) has been introduced for quick armed forces in the area of home
remittance. The method has built-in features of programmed test keys, which eliminate
the manual application of tests that often cause delay in the payment of home
remittance.”The SWIFT Center is ready at Js Bank of Pakistan with a collective right of
entry number JS-APKKA. All JS abroad branches and abroad newspapers (over 450)
are picture remittance during SWIFT.

 Letters of Credit

js is dedicated to contribution its business clients the widest range of options in the
region of money convey. If you are a profitable project then our Letter of Credit examine
is just what you are looking for. With aggressive rates, security, and easiness of
transaction, JS Letters of Credit are the most excellent way to do your business
connections.

 Cheques

We are moving back money from his account by printed cheque of report.

 Payment Order

“If the client or account owner needs to make payment within the city, then this is
complete through P.O. It can’t be cancelled without the permission of mutually parties. js
provide another cause to move your money using our services. Our pay instructions
are a safe and simple way to move your currency from one place to one more. And, as
common, our charge for this service is really aggressive.”
 Mail Transfer

“It is quicker mode of transfer money than demand draft. Mail transfer is the inter
city transfer of money among two branches of a bank, through mail/currier. Move your
money securely and rapidly using JS Mail move service. And we also present the most
spirited rates in the marketplace.”
 Foreign Remittances

To make easy its clients in the area of Home remittance, js Bank of Pakistan has
taken a number of actions to:

 raise home remittances through the banking system

 gather the SBP commands/orders for timely and timely delivery of remittance to the
beneficiary

 Short Term Investments

“JS now offer brilliant tax of profit on all its short term asset accounts. Whether you
are look to invest for 3 months or 1 year, js charge of profit are exceedingly good-
looking, along with the safety and service only js can give.
3.5. PEST Analysis

In conduct PEST investigation, it is necessary to think each PEST factor as they all
participate a part in shaping the generally business situation.

Political (Includes legal &Regulatory)

“Election in Pakistan, labor law, consumer protection, environmental principles, and

system on the manufacturing, fight rules, and family members between countries /
situation, wars, bombing and political trend, and government management, may be
affect by taxes and government structure in our business. When the government
changes, there may be changes in labor laws, in the event that the government should
not be a wage raise will involve our business. If the government and leadership for
change, then it can impress a far above the ground tax rate. Every day we hear about a
bomb blast in the area and many people were killed in the blast. This is also not a good
symbol for our big business.”

Economic

“In Pakistan, and trend in financial development, duty, and the level of community
spend, throwaway profits, and development in the employment / unemployment, barter
rates, tariffs, price rises, and prices bring in sell abroad, and levels of presentation may
be simple and high prices affect our business. The economic position in Pakistan is a
stoppage major challenge opposite Pakistan economic and improved deficiency and job
loss, and the fiscal deficit and the high and low investment has been inferred internal
break down of goods down with improved order and higher import prices to reason an
increase in price increases to 12 percent in 2009-10 percent and 25 in the first part of
last year. High charge of deficiency, joblessness and inflation has a depressing shock
on our production.”

Social

Demographics (grow old, sex, event, relations volume etc.), and changes in way of
life, changes in people, culture, trend, fad and variety, migration / migration, physical
condition and quality of life and trend home, style, and the place of the work, can
consider, and work and earn ability have a important shock on our business. Pakistani
people are indifferent for the acceptance of European style.
Technological
Can globalization and the technological revolt and invention, discovery and
investigate, and power application / petroleum / source and transportation, construction
development and the PC, the Internet, and transport, etc. affect our big business.

Role of JS in economic development

“Banks participate an significant role in promote financial behavior and financial growth
of the nation. Manufacturing, cultivation business, deal and much other financial
behavior rely greatly on banks. Banks help in the draft of funds. It also helps help the
increase of family income for growth of loans to deposit and asset product. Banks not
only save people's investments, but also give loans for the growth of trade, commerce
and do business The JS play an vital position in the finance and progress activities in
Pakistan. Help in the development of the financial system in all area of our nationwide
life. This has contributed considerably to the financial growth of the nation, and work in
trade and developed in a large area of process. JS was the first to go into the Bank
credit organization for small borrowers and farmers etc. second, toward promote
agriculture open-minded development of bank credit for cultivation and country growth.
Small short-term loan decided to farmers lacking significance. These development may
be in the form of seed, fertilizer and tools JS able to draw a large figure of deposit
through its branches in all part of the state many, and thus clever to give a lot of
recognition to a variety of sector. JS also give financial support for little manufacturing
for five years, credit services have been introduce to the

People for the normal national in a wide range and more liberal than before. The
main object of this plan is to make a payment in structure a rising country. JS also help
to give confidence the organization of new business through payment of share. Bank
also contributes to foreign trade wages, but the business of foreign trade in Mexico and
overseas.”
 Organizational Structure
5.3.1 ORGANIZATION CHART OF JS BANK OF PAKISTAN

DESIGNATIONS FO HIGHER LEVEL OFFICERS

PRESIDENT

SENIOR decision-making VICE PRESIDENT

GRADE 22

EXECUTIVE VICE leader

GRADE 21

VICE leader
GRADE 20

ASSISTANT VICE PRESIDENT

GRADE 19

GRADE I OFFICER
GRADE 18

GRADE II OFFICER
GRADE 17

GRADE III OFFICER

(GRADE 16)
No. of Employees
According to annual report 2012

Total number of employees 23000

JS Bank of Pakistan, Head Office

Head office of JS Bank of Pakistan

1st Floor, Sheehan Commercial Complex, Dr. Ziauddin Ahmed Road, Karachi, Pakistan
JS Bank of Pakistan, Head Office
JS Building,
Phone: 526524105
Email: enquiries@jsbank.com.pk
Url: www.jsb.com.pk/

3.7. Introduction of all Departments

Departmentalization
In-between an association into special parts according to the function is called
departmentalization.

These are the following departments Explain it.

Cash Department
The most significant section in the bank is Cash section.
Cash section performs the subsequent function.

 getting Cashier Books

 Token Book
 Paying Cashier Book
 Scroll Books
  Cash Balance Book

 Receipt

The money, which also come or goes out from the bank, its proof must be reserved.

 Payments

It is a banker’s main contract to pay back money traditional for this customer’s account
generally by worship his cheques.

Clearance Department

Following are type of cheques composed for clearing:

 clearance cheques
 Transfer cheques
 Collection cheques
.Bank is get ready two book for record of cheques

 In-Word Clearing Books

 Out-Word Clearing Book

 Advance Department

“Advances section is one of the mainly receptive and important department of the
bank. The major part of the income is earned through this section. Every bank has a
department which advance money to borrowers.”

 Principles of Advances
There are five principle, which must be accordingly practical while advance money to
the borrowers.

 Safety
 Liquidity
  Dispersal
 Remuneration
 Suitability

 Forms of Loans

In adding to buy and discount of bills, bankers in Pakistan usually lend in the form of
cash money, overdrafts and loan. JS provide advances to unusual people in different
ways as the case order.

 Cash Finance

 Overdraft/Running Finance

 Demand Financing/Loans

 Remittance Department
Allowance means a sum of cash sent in payment for impressive This department
deal with either the move of money from one bank to other bank or from one branch to
another branch for their clients. JS offers the following forms of remittance.

 Demand Draft

 Telegraphic Transfer

 Pay Order

 Mail Transfer

 Deposit Department

It controls the following activities:

 A/C opening.
 Issuance of cheque book.
  Current a/c

 Saving a/c

 Cheque cancellation

 Cash

3.7.1. Account Opening Department:

This department is connected to open new the books of the customers and taint
opening of an account is the organization of the connection among the bank and client.
Branches. Following are the types of accounts open in the JS

 Current
 PLS SNTDR
 PLS saving
 FC
 PLS term
 Premium saver
 BBA
 Call deposit

3.7.2. Credit Department

Credit section is linked with other three departments connected to finance i.e.

 Trade Finance
 Ijarah
 Corporate Banking

3.7.3. Government Department

Payment of income also is being complete by this department. Department of

Government segment receive all the regional and central proceeds. JS make payments
to following:
  Retired officers of Armed forces
 Civilian
 Retired officers of PAF and families
 Defense civilian pensioners
 Others ( KRL, OGDC, PAEC/ PR, RANGERS)

Documents necessary for the income expenses:

 Pension payment order

 No and date of NIC
 Pension book
 Photographs of the pensioner
 Two example name, thumb and touch feeling.

3.7.4. Comments on the organization structure

Banking division follow the sequence of authority and having particular coverage
necessities require using all level in this pecking order. JS Bank of Pakistan follow flat
organizational structure so better communication among managers and with the junior/ senior
employees .And since of the fewer levels of organization which include benefits such as lower
expenses as manager are generally paid additional than junior/senior employees.

 Regional Manager
Regional manager is on the peak of the pecking order, is liable before the board of
directors for accomplish the bank or organization business in north district according to the
panel set procedure and policy, and accepted events and laws. local manager honestly account
to the country head.
 Branch Manager
Branch manger Mr. Malik Tassadiq Maqbool is the dependable for formative the
incentives and plunder of the employees, evaluate their presentation, ensure the sufficiency of
their qualifications-experiences-professional skill, and upward them constantly. BM operate in
agreement with a set come near top all the branch behavior with regard to review and evaluate
all the banking operations it has, providing credit, and various managerial and monetary matter,
as fine. Branch manager report to regional manager from the report to country head.
 Operation Manager
 All junior/ senior officer report to business manager. Operation manager maintain
organization among branch manager and all junior/ senior officers. Banking sectors prepare
group for the project only in which one section helps other department to hold employees but
not eternally.
 Senior Officers
There are four older officers in the branch. Senior officers regarding their department
report to the operation manager. Senior officers of credit report straight to the branch
manager.

WORK DONE BY ME

Branch Introduction

“During my internship in JS Bank of Pakistan I enjoy to work with staff of branch,

from “17.07.2013. to 27.08.2013” and I have a wish employee of js Bank of Pakistan. In
this time I try my best to know all departments of bank.

 Branch profile

Branch Name JS Bank G.T Road Branch Gujrat

Branch Code 9024
Address Js bank limited G.T Road Gujrat-pakistan
Phone No 0533-538091
Fax 0533-538097
Tehsil Gujrat
District Gujrat
Division Gujranwala
Province Punjab
Status Online
Email manager1815@JsBank.com.pk ,
opsmanager1815@jsbank.com.pk

 Starting and ending dates of internship

Starting Date------ 17-07-2013
Ending Date------ 27-08-2013

Supervisor
 Mr. Waqas Arshad

Weekly Time Table:

“I worked in JS Bank Limited G.T Road Branch Gujrat. I completed 6 weeks of
internship and performed many activities there. My weekly time table was as follows.”

Departmen
Day
t Weeks Date Daily Work
Account Introduction with all the Staff
17/07/2013 Wedneaday
Opening member of the branch
Account Week 1 Thursday Introduction to Account
18/07/2013
Opening opening Department
Account Receiving the account
19/07/2013 Friday
Opening opening form

Departmen
Day
t Weeks Date Daily Work
Account Monday Receiving the application and
22/07/2013
Opening issuing Cheque Book
Holiday Week 2 23/07/2013 Tuesday Holiday due to 14 August
Account
24/07/2013 Wednesday Filling cheque and Slips
Opening

Account
25/07/2013 Thursday Filling cheque and Slips
Opening
Account
26/07/2013 Friday Closing the Account
Opening

Supervisor Name: Waqas Arshad Signature…………

Departmen
Day
t Weeks Date Daily Work
Monday Introduction
Advance 29/0/2013
in Credit Department
Introduction in Credit
Advance 30/08/2013 Tuesday
Department
Week 3 Introduction in Credit
Advance 31/08/2013 Wednesday
Department
Introduction in Credit
Advance 01/08/2013 Thursday
Department
Advance 02/08/2013 Friday Loan against gold

Supervisor Name: Waqas Arshad Signature

-------------

Departmen
Day
t Weeks Date Daily Work
Monday
Advance 05/08/2013 Loan against Gold

Advance Week 4 06/08/2013 Tuesday Loan against Gold

Advance 07/08/2013 Wednesday Loan against Gold
Advance 08/08/2013 Thursday Loan against Gold
Advance 09/08/2013 Friday Loan against Gold

Supervisor Name: Mr. Waqas Arshad Signature

-------------

Departmen
Day
t Weeks Date Daily Work
Monday
Government 12/08/2013 Pension Payment

Government Week 5 13/08/2013 Tuesday Pension Payment

Remittance 14/08/2013 Wednesday Introduction of Remittance
Remittance 15/08/2013 Thursday Introduction of Remittance
Remittance 16/08/2013 Friday Demand Draft

Supervisor Name: Mr. Waqas Arshad Signature -------------

Departmen
Day
t Weeks Date Daily Work
Remittance 19/08/2013 Monday Demand Draft
Remittance 20/08/2013 Tuesday Payment Order
Week 6
Remittance 21/08/2013 Wednesday Payment Order
Remittance 22/08/2013 Thursday Online Transfer
Remittance 23/08/2013 Friday Online transfer

Supervisor Name: Mr. Waqas Arshad Signature -------------

Departmen
Day
t Weeks Date Daily Work
Clearing 26/08/2013 Monday Introduction of Clearing
Week 7
Clearing 27/08/2013 Tuesday Inward clearing

Supervisor Name: Mr. Waqas arshad Signature -----------

3.7.5. Detailed Description of the Department in Which work

“ During the short time phase of my internship in JS Bank of Pakistan, I was

chance to work in these department these are under following

1. Account opening Department

2. Advance Department

3. Government Department

4. Remittance Department

5. Clearing Department

6. Foreign remittance

7. Utility Bills Collection

The reason was give a faster look the work of whole of banking organization I use a four
or five days in each part to learn more and more staff necessary its community meeting
a great learning knowledge.

Account Opening Department

During my internship we start from opening department I learn and practical a lot
of concerning the opening of an account. I think that the opening the account of
customer is suit a good family members between customer and banker. Due to opening
a bank account then become a customer of a bank and a knowledge the essential
obligation and pace that are essential to opening a new account then bank investigation
all the ID and all the necessary information JS give a many put scheme of account
these are the some normally open account following

 Current Account
 Profit and loss share account
 And Fixed deposit account

 Current account

This is depend on customer which account opened demand When a bank

believe to satisfying the apply for that is responsibility of bear to pay all check pinched
etc. and the boundary to equilibrium to his report due to natural world these deposit
account the accountability of the bank and the bank of Pakistan are not giving a profit
on this account and the obligation of customer to the smallest amount balance and
deducted the charge on current account service. This is the most significant function of
current account customer are remove money any time from his account there is not any
charges paying to bank in this account not giving profit to customer and not any entry
fee charge from customer. Current account use for fixed put down when customer
opening a fixed account first to open a current accounts that is use for income withdraw
that earn from fixed account. client draws a check on bank and withdraw profit each
month.

 Saving account

And the second account is profit and loss economy account customer can open a
saving account the set down a very small amount of cash in saving account not any
service charge paying to bank in this account if a definite amount for specific time time
then bank work out a earnings and give to customer that are salaried after 6 month and
the cheque book issues to customer for the withdraw money from his account. There is
no limit on withdraw from deposit account and not give confidence to needless
withdrawal of deposit that policy allowable the state bank of Pakistan saving plan flor
students in college and institution of higher education and as well as manufacturing
work. And the other reason of encourage the routine of saving in public and the first put
down are very less necessary. And all report are open free of price to client.

 Fixed Account

Third is a fixed account bank are ability to our client of fixed account in this
account bank are fixed a definite amount are set for specific stage and open a present
account for withdraw a earnings every month that is regularly five to ten year.

 Precautions necessary to open an account:

 Know your customers:

The plan of the information of your clients is to obtain an plan of the economic capital of
the customers, and individuality and universal in order on opening an account. Bank
must have the following information about your customers.”

 Customer name:
 “ at first enter the name of the customer total and in agreement with the NIC card
and the name of the corporation and according to business papers if a person of the
paid class enters their manager person's name.”

 Address:

“Enter the full address in Business Administration / residential. The customer is

responsibility to provide a valid address.”

 Contact number:

“go into the house and the executive mobile number and e-mail address (if any).
Can confirm the number of banking by give a call or send an e-mail message to him on
the client.

 Special instructions:

“We obtain all the orders from the client. If the client must not given particular
commands column is deselected by picture a row, and this must not be a blank article in
any condition.

 How to open an account

JS Bank of Pakistan facing to to opening a account I practical the next conditions

to accomplish for open new account.

 Account holder is necessity name on account opening structure in the bank.

 The necessary the two copy of national identity card customer and two copy of
NIC any other human being for later than innovative account owner to owner an
account.
 Bank is lacking give any cause to reject to open an account.
 The bank is correct to change a smallest amount balance of necessities.
 The smallest amount quantity of balance to open a account for present and
economy five hundred and for fixed account one thousand.
 Procedure to open an account
 According to my perform in JS Bank of Pakistan when the customer wishes to
open an account bank officer be given a two NIC copies to any other family part and all
in sequence which is essential to open an account by the bank. First the account
opening officer get a NADRA confirmation form the reserve of NADRA and one copy of
confirmation send head office Sialkot then after endorsement from head office. We are
open account then opening a account from side to side online then download these
account opening form in solid form then name of customer on these form. That are the
basic obligation of JS bank of Pakistan for opening a Account.

 Title of account
 Full name of candidate
 Occupation of candidate
 Address of candidate
 Phone number of customer
 Currency of account
 What kind of your business
 And introducer name address and signature
 And any special ID regarding the account
 And to initial put of account
 And the name of candidate.

 Documents to be attached
And I study that if you open these account then these ID are required. These are the
special types of accounts.
 Joint Account
“ For opening the joint Account necessary the both human being NIC copies.”

 Sole proprietors Account

“In handle to open an account with JS bank of Pakistan sole owner has to present their
business official document number of listing.
  Partnership Firm Account
“in order that is necessary submit to be JS Bank of Pakistan in the case of company
firm. These are following necessities
 Full name of big business
 total address of business
 The partner example signature
 And the right copy expert of company action
 If the company register necessary the registrations figure

 Societies and Association Account

“The bank are open the accounts of any club and any organization and that are non-
profitable business which are support to civilization and teaching and other generous
reason and any other benefit work some of these welfare association registered through
society act 1886 and these act to give a register certificate after all situation completion.

 Specimen Signature

The name of candidate for the reason of safety take on definite in this card mark
a name of account holder and the account number that are problem to customer and
these card scan by the by of scanner and record in our computer for by any time when
require it.

 Filing of deposit slip for Cash

“ file the slide put in his accounts for first amount first trample of branch on peak on
slip then write the name of account then write Account Number, write the quantity that
put and signature of saver.”

 Filing of Deposit slip for Cheque

“ First stomp of branch on top on slip then write the name of account then write
Account Number, write the name of these bank that cheque put, and write the number
of cheque and name of saver.”

 Zaqat Affidavit
 If the customer gives a Affidavit paper of zaqat then no zaqat are deducted in his
account if these affidavit not give the on 1st ramdan deducted zaqat every year.

 Letter of Thanks

Letter of appreciation is the latter issue by the bank to the client for two purpose
1st purpose is to say appreciation to the client for opening the account in their bank 2 nd
reason is to verify the speak to provided by the client while opening the account.

 Issuance of cheque book

“When the client open account in bank then the bank be issue a cheque book to
customer for the reason of remove of cash our account and bank give a first time to
cheque book to client that is contain on ten cheques in a order first take a form for
issuance cheque book that are symbol by account owner then the first cheque number
and last cheque number write on shape and write day on form then evidence in cheque
book list first write consecutive number of cheque number then name of account holder
then account number and name of account holder on register. Then sign by the officer
and give cheque book to customer. And the charge of cheque book improved from client
and every cheque price Rs. 5 bank are debit the customer account.

When the issue cheque book second time than on sheet of document in his cheque
book that take a sheet with the name of account then apply online and the procedure of
subject are same that’s on top of explain but in second time cheque book issue are not
any shape necessary.

 Request for cheque book to head office

The cheque book print in head office in Karachi we are open a website which is use for
cheque book that are NIFT than the officer login and first write a account number and
name of account owner and choose cheque book that compulsory.

 Payment of cheques
In the JS bank of Pakistan I study how to create a sum of cheque. First filing the
cheque first name of barer or personality after that write a date and amount that are
compulsory to customer mark in statement and then after that write in shape then the
name of account holder front on cheque under the right place of cheque and give to
BBO that are examination customer balance if assemble to that draw a cheque then
stamp of verify signature and pay money then reorganization a cheque in system and
stamp of reorganization and further to manager checking check and sign and submit to
casher and stamp of salaried cash and name of receiver on back of cheque and pay
the quantity.

 Cheque cancellation:

These are the some following condition the cheque are cancelled

 Write any outlook date on cheque

 Any overwriting on cheque

 caution out cheque

 Wrong signature of account holder

 diversity in shape and statement quantity

 If the inadequate self-confidence in client

 Any extra incorrect satisfying of cheque

 How to close an account

 “The account can be stopped up from the account holder at any time.the
customer file the account concluding account shape and submit in bank then bank are
all quantity salaried to customer and closing the account and customer go back cheque
book to bank and the office cancel all the outstanding cheque in cheque book.

3.7.6.Advance Department
“This is the the majority important section of a bank is go forward section and
bank earn a huge segment of income through this section. And the each bank provide a
advance to client and earn a income in JS G.T Road Branch Gujrat.The move forward
section is a essential reason to give a loan to customer small expression and extended
term together but in this branch provide loan only next to Gold mortgage. Officers make
a proposal of loan and get all in sequence from customer that is required. And the main
meaning this division takes a loan at loan attention and gives the extra cash to client at
far above the ground speed of notice.
 Loan against Gold

This is the the majority ordinary form of bank lend. You can congregate your
require designed for ready cash next to your idle gold. The score rate is 15.50 percents
and the ability provided 40 thousand rupees next to each ten grm of net inside of gold.
And no most limits of money for loan, the loan refund after the period of one year and
only accepted gold ornaments and the quality and weight of gold to be decide by JS
bank of Pakistan goldsmith chosen and no additional charge for near the beginning
repayments.

 Procedure for advance loan

These loan give only farming growth against by advance of Gold. That advance
provide for one time short era of time. First the customer comes in bank for Appling for
loan. Loan section deal Sir Haider Ali advice to customer all the obligation that is
essential for attractive a loan. First go goldsmith for the examination the value and mass
of gold . Then the goldsmith write a in order of gold on a exact paper the crass mass of
gold and the net burden of gold and the marketplace price of gold and the name of
manager of goldsmith. Then the customer come in bank and casher check and
checking the mass of gold and then write the quantity of loan that are provide to client.

Then Haider Ali suit a suggestion of loan online satisfying the form on computer then
these form written in firm form and name of customer all page of suggestion and distant
the three lawful stomp paper and three other voucher become one a Debit voucher for
the expense to customer amount one for indemnity and other withholding duty then
submit to manager check all suggestion and name on proposal that vouchers
compensation to casher on answer and one withdrawal voucher that the casher sum to
client.

The these suggestion reserved in a divide folder then satisfying these trample paper
and open a account in ledger register first write the name of customer and lecture to of
customer then write a NIC of customer and Phone number date of birth and the amount
of loan write in debit article and all the in order and what kind of jewels and its mass and
the market price of gold and analyze the withholding tax and indemnity write in record
then these register make sure by casher and name of casher and Manager.

Then these file refer to account opening section then open the account online and
printout the suggestion and name by customer these bookkeeping opening form kept in
folder and these folder reserved in proceedings in banks client receives cash and go to
house.

3.7.7. Government Department

“Government section is a significant part of the bank these requirement some

punishment assign from statement bank of Pakistan unpaid to the cause any mistake or
nor finished employment and complementary.

 Government Payment
 Government expenditure are incorporated
 sum of pay
 sum Of retirement fund
 retirement fund sum to Armed force
 retire officers of PAF and family
  Traffic Chillan
 The Pension Payment Documents Required
 Pension imbursement order
 CNIC Number and the date of Expire
 Two exact Signature/ thumb
 One photographs of the pensioner in list of retirement fund
 Original pension Book
 Officer enter them in a ledger to kept eternal evidence.
 Payment of Pension

First file the retirement support imbursement arrange mark the PPO and the
name of pensioner and the name of pensioner two place and write amount of pensioner
payment then we two printed use one confirm stamp and 2 nd is paid cash then submit to
managers name on register book and retirement fund book and on allowance sum
arrange Then manager provide to casher retirement fund book and retirement fund
expense order casher reserved the pension payment order and pay money to
pensioner.

 Make a Scroll

At the finish of day these all retirement fund evidence in pension proof list and
then create a scroll on Excel sheet mark a name of pensioner, PPO number of
pensioner and quantity that are sum to pensioner. And create a debit voucher and
propel to major branch Daska by postage.

3.7.8. Remittance Department

Regularly use the business payment is the main purpose of payment section to move
funds one place to another place. payment means to sum of amount in payment for
great. That department is ability provided to our client transfer money one branch to any
other branch. That is offer safety to our customer JS Gujrat Branch are subject the
following form of remittance ability give to our client.

 Demand Draft
 Pay order
  Online transfer of

 Demand Draft

The significant form of convey is order draft. The purchaser satisfying request
form for subject demand draft, on this form the name of sender and account number of
sender and take in the name of receiver. And the customer submit amount of DD in
branch then the making a demand draft and give to the customer. If the customer are
account holder then first put amount in our account then draw a cheque and JS charge
receive 130 rupees for account owner if the customer is not account owner then pay a
tax and bank charge. And two type of DD

a) Open DD: open DD where straight payment is foolish.

b) Cross DD: but angry DD is where sum is made through report JS bank of
Pakistan are charge these on creation demand draft

 Up to fifty thousand is 130 rupees only

 And over fifty thousand is 2.6% only

 Pay Order

“ Restricted salary for the move of funds are set. Pay order is the the majority
suitable and easy and secure form to move one put to other. JS bank Pakistan is not
charge any charge to creation of pay order, bank are daily operating cost salaried by
sum order for instance the payment of charges of information paper then make a sum
order and signature of receiver of payment order on back are two and one on payment
order book then the customer show these payment arrange to casher and casher be
given pay order and give a money to customer and reserved ka pay order post ring of
option and cipher the request. If the customer needs to disburse in cash, then cash is
submitted by the customer with the bank charge and preservation tax and only cost is
deduct. If the customer pays by cheque then we are not charge a maintenance tax from
client.”
 Online Transfer Money

“JS Bank of Pakistan has smallest amount charge of online change repair. saver
simply plug out the put slip with the amount to be transfer fasten your account and the
account number to put JS Bank of Pakistan of the computer scheme and the Internet is
the best way move cash from one town to one more. If the customer deposit cash for
online then charge a withholding tax from customer if the account owner draw a cheque
and transport currency his account then buyer are not paid a custody tax. We get a NIC
duplicate of correspondent and file online shape then printout these then on these form
autograph of correspondent.”

3.7.9. Clearance Department

“Trade of in order of profitable banks is an friendship in a definite place for the

reason of distribution thanks and the claim completion. In the Pakistan the scheme of
payment organization by the report bank of Pakistan. If the office of statement bank are
not accessible in place then JS the represent of the SBP as a payment house for in
order.

When the cheque sketch on one bank and the owner and the put in his account
at the bank of stairway and resolve the joint promise by two banks and modify the sum
asset and liability of together banks when a account holder submit a check in his
account then that bank send to cheque head office and head office send to these credit
branch when the payment pass and return to bank then the bank credit the customer
account. That is a very easy and secure method to move to currency.

A exacting bank the differentiation the sum represent the cash to salaried ad the
quantity to be getting by it. Each and every bank and then get the amount from him or
pay the net amount payable. This is the essential reason to give the facility cheque their
clientele to pay one more bank.
 Differentiation among the total represent the amount to be salaried by a exacting
bank, and the amount to be received by it. Each bank and then receives the net
amount. The objective of this part is to make easy check their clients to disburse one
more bank.

 In-Word Clearing Books

The bank is using this book footage all the cheques that are received by the bank
in the first payment. First we are make sure the account equilibrium and the name of
account holder if both are right then two stamp one for verify signature and other for
bank move stamp. And make a debit voucher then give to manager and manager
signature on cheque and debit voucher and go back to BBO then we are debiting the
customer account and credit cash then the original debit voucher send to NIFT and the
copy reserved in evidence.

 Out-Word Clearing Book:

The Bank use overseas review evidence for the reason of copy all the details of
the check that the bank had been deliver to other banks. When the customer put a
cheque In his account then we a filing a credit slip write a name, account number and
the signature of customer and write a cheque number and write a amount . At the finish
we are evidence in a payment register and fasten a package wrap and drive to NIFT.
Next day go back a payment then credit the client account.

Computer Department:
These department head by the Muhammad yousaf are drama the all purpose of
computer section the essential purpose of computer section to give the ability to
customer in the sum of cheque. These are the major purpose that are do by computer
section are as follow.
  Checking equilibrium of account holder.

 Posting of cheque

 Issue bank statements to Account Holder.

 Payments of Western Union.

 Payment of Express Money

 Dealing E remittance.

Foreign Remittance

 Payment of Western union

We take delivery of a Ten digits number and copy of CNIC of customer and unique
CNIC then open a logion then enter number then enter the CNIC number of customer
then enter that turn into a payment and printout on page two name in front page and two
signature of customer support side of paper and the cash paid stamp on front side.
Then send to casher stamp cash sum with date and provide money to client At the end
of daylight hours all account are generate and print out on page and create a credit
voucher F16 send to major branch Karachi by postage.

 Payment of E Remittance

This same procedure as to western union but in E payment write name, speak to,
phone number NIC number, subject date of NIC and end date of handset, and name of
dispatcher. Then go into and print on page. Two signatures in front page and two
signature of customer back face of document and the money paid trample on face
surface. Then send to casher trample cash sum with date and give money to customer
At the end of day all report are generate and print out on sheet.

Utility Bills Collection

“I work in the usefulness bills compilation section as the JS bank of Pakistan collect
utility bills on behalf of WAPDA sui Gas company and Pakistan telecommunication
business incomplete by put the trample on the usefulness bills receive cash stamp and
date of receive and the signature of the cash officer receiving on the utility bills. Bills are
alienated into two parts one part go back to customer and additional reserved in bank.
At the end of day all bills arrange and making a collected record on excel sheet that is
called scroll. One copy reserved in file of bank for evidence and one roll copy send to
WAPADA Sui Gas and PTCL office. The bank charge charge on the bills.JS bank
charge Rs. 8 per bill collection.”

Chapter #4 Describe details of the tasks entrusted me?

Following everyday jobs allocate me. And carry out a work throughout internship
plan first day manager Mr. Taqqadis Maqbool Malik opening All Department in a Bank
due to the reason of less worker in branch there are no divide department and all
particulars talk about in every day time bench in start in internee work first sit in
secretarial opening and introduction how open and account typically assign me to
physical labor due to limit by head office Karachi not allow to use computer these are all
job do throughout my internship program as following.
 Fill out online & put slips
 Opening new account opening process tell me our work only evidence in account
opening register and printout these account opening form.
 Daily filing cheque and put slips
 I was creation Scrolling of utility bills on excel piece
 Print out the confirmation NADRA for account opening
 In word clearing record and make a voucher
 Out word payment filing slips and sending to head office by NIFT
 uphold postage and stamp list
 send off a zero equilibrium letter to purchaser
 send off a Dormant/ out of action account letter to clientele
 make sure book subject to evidence
 Opening account in ledger register loan against loan
 Filling the lawful document of loan in proposal
 To uphold saving and current account register
 retirement fund payment record in register
 file check
  Filing the other charge voucher
 Western union payment
 E payment payment
 state money payment
 Maintain utility bills register
 Printing of account opening forms
 Make sum order
 Make order draft
 Maintain clearance record
 Send apply for for new check book online
 Receiving check book from NIFT and record in record

4.1. Summary of Learning

“The major reason of the inside do not only to complete the academic supplies are nor
better quality attain throughout the eight week of my internship plan also to study more
request of our meadow of learn relative in our marketplace. I well-read a lot and the real
impact of learning on my vocation social life in a group of people the preparation matter
also as civilization association and the principles of the populace their approach in the
direction of the bank.

4.2. What are the skills and qualifications you think you have gained
from the training?
Previous to the create of preparation in my JS Bank of Pakistan, I believe it was
a incessant to do in a bank since the student does not illustrate a real consideration
sensible job. I have educated more skill and writing are whole skill explain is more
difficult task. Always some are hidden skills that can only come known stage.”
How to expand a place to do hard work in the bank and the presentation are
augment the also whole of the age. How to show the frequently and to commitment to
the bank and to commerce with customer of staff member of bank and in difficult
position we are not take a any tension and make customer sense that they trust you and
resolve the exit evils.
among the work presentation and your existence method so they message on
top of all my work and power authority and add to the skills of computer and how to
work with generation in our work life and management of our worker and timekeeping
and sprint to proper time table. And the significant I have erudite a lot of skills and
dealing with hundred customers in a day and the breath of customer with reading
performance and announcement by the by of way of chatting with us. And any worker is
work done is outstanding and to how confident it.
4.3. What kind of responsibilities that you have undertaken during the
training period?
The following everyday jobs assign me.
 Fill out online & deposit slip
 To open an account
 Log mail items at bank recording frequently
 Scrolling presentation
 To do the confirmation NADRA
 In word payment record and create a voucher
 Out word payment transfer
 Maintain postage and stamp list
 Check book subject
 Opening account in ledger list loan against loan
 To maintain saving and current explanation register
 Pension payment register maintained
 Filing the suggestion of credit
 Filing make sure
 Filing the other accuse voucher
 Western combination payment
 E remittance sum
 Express cash payment
 Maintain helpfulness bill list
 Printing of account opening
 Make payment order
 Make Demand draft
 Maintain clearing record
 Send ask for for new check book online
 Receiving check book from NIFT proof in index

4.4. How do you think the internship will influence your future career
plans?
I have use of our time of internship some in all-purpose banking and the
distinction everyday jobs are allocate in the age of preparation in every department. I
have in the age of internship I shall talk in the general about the obligation that are
some significant points are discuss.
 First of all I undertake the blame of timekeeping and the growth of the position
you require it in a opportune so that everybody can develop harmful thoughts
about me.
 And the second is work hard and achieve the tasks assign in a timely way. That
is a most significant for any achieve a winning in business.
 Third I learn amazing novel in the sports ground.

4.5. How do you think are related internship activities that you carried
out are correlated with your class room knowledge?
“I have some uncertainty about the banking system in Pakistan before the start of
preparation in a bank my friend and relative give a proposal to internship in any other
business but I puzzled brain in every mind. And there is knows fault that the procedure
tricky for the bank if any small error become a big evils and every day total a work at the
end. After closing the day all work is checked them. And I have decided to working in
banking sector in the future because I am considering in the good-looking work in the
future time era because I are very enjoy and happy ready in banking sector if in banking
sector give me a best letters of salary I prefer to banking job.
Second part is a among the preparation session in banking sector and the
information of class room I have done if my insight I have my own sensitive that the
class room work information and the effective in the marketplace is not joined also a
great deal in the estimation
And the big advantage of classroom study is that and the receiving any
preparation in any business association in any meadow and I able to tell the serious
information to any association operational rules. Throughout the first days means
staring day we are not do our work efficiently. But when go ny stable job in any
organization after conclusion of degree then we are do efficient work in any association
due to that the benefit of internship that are knowledge many to you. Because we are
perform a sensible work before any initial a job. That is improved for him.
 Finally I just want to this part most adopt this type of physical condition working in
any group during our educational period we are study more that classroom information
how to use in organization working and that will advantage for student in his outlook.
Chapter # 5 Conclusions of the report
5.1. A Summary of key conclusions derive from the training
experience.
The preparation sitting has a finished and I like the work in bank a bundle of
feelings. During the preparation session I learn the following things. First I know that the
knowledge of university is not enough to working in any organization because the
knowledge of class not apply to all in work but the training is compulsory for learning the
organization work otherwise we are not good working on the starting of any job. But soft
skills are very important when we do a job. When we going to the bank I realized that
the relationship between the staff member and the customer of the bank, if these
relation are good in staff member and with customer we get big benefit enjoyed. In short
time period we are not proper knowledge gained but that are the basic skill are learn
that are more benefit for in my future life. And the bank is key role to any success of
country.

5.2.General observation about the sector JS Bank of Pakistan.

“Banking sector in Pakistan has huge facilities provided for investors and the
creation of jobs for new applicant and the provided a very colorful future. And there is
not incorrect a job of bank is difficult and to achieve the goal is hard but I observe the
state respect and honor in the society.
For increase the foreign asset to need to overcome on violence and solve the
economic crisis. Due to the best reputation of our country bank attract the foreign
investors to invest in Pakistan but due to the reason of the terrorism, foreign investor do
not feel safe their investment in Pakistan. Need of the hour is to increase the foreign
countries and the domestic asset that are play a more role in the increase of Pakistan
financial system.
”
5.3. SWOT analysis
“And SWOT analysis by the scan for ecological and examine the strength and
weakness opportunity and threats by the bank of the external environment called
analysis specify some organizations strength opportunities and threats and weaknesses
and SWOT analysis. This analysis is very important for the organization and
organization to maintain the force, and to overcome the weakness, capitalizing
opportunities for up-and-coming, carving ways to deal effectively with the threats and
Turn them in strength of the organization. During training for six weeks in the bank G.T
road branch Gujrat I came across the following SWOT analysis of the bank. The JS
branch SWOT analysis below:
5.3.1. Strength
And one of the most important products in the JS is a huge strength.

 Bank generally relying on customer service

 Customer gives ideas to improve the effectiveness of bank and bank welcome to
customer for given our opinions.
 The bank staff best teamwork to our customer.
 In bank environment is friendly in staff member.
 The products of bank are excellent.
 Branch is modern online and internet facility.
 Bank is a fully computerized and every person work on computer .
 And the ATM card free giving to customer.
 And the customer lockers are not available.
 And JS is the government bank leading to private sectors bank.
 And the transfer of funds electronic system.
 Use a phone banking

5.3.2. Weaknesses

In my opinion these are the points that could determine the efficiency and
profitability of the bank.

 In branch culture are mixed

 Branch are located in village
 And branch is new setup online
  The facility of credit card is not available
 And the weak system of audit
 And the employees is less.
 Give loan only against gold reserve.
 And not available copy machine in bank.
 And internet connection is not proper working.
 And the lack of technological skills in staff because guide banking but now an
online banking use.

5.3.3. Opportunities

 It is a opportunity the informational technology.

 And give a facility to customer credit card.
 And use a best link of internet and work is professionally perform.
 And expand a local setup.

5.3.4. Threats:

 The more struggle

 2nd the legal reputation are good required.
 And the early response to scenario changing of bank
 And the economic and political condition on bank

Chapter#6 Recommendations:

 Regulatory issues connected to the regulatory authority is received

 An expert staff physically presents at the committee of senior officials bank

received complaints from customers and criminals should be caught red- handed
person.

 Box is such that no individual complaint outside the box can be accounting to the
papers.

 As the head office is addressing pension, old age pension holders especially in
this branch facilities should be increased to provide.
 Security cameras and the latest technically should be fine.

 JS deposit mobilization should introduction the product.

 All employees will be a check and equilibrium should be implemented.

 Penalty charge a handsome amount employees must be guilty.

 Different periods in a financial year in preparation sessions should be conducted.

 To make employees more efficient and overall competitive benefit rules somehow
the top management should be applied to all employees.

 Account debt issuance and other methods should be more suitable and elastic.

 make sure that all such workers to follow rules.

7. Reference & Sources used

 www.jsb.com.pk
 www.wikipedia.com
 www.scribd.com.
 Friend’s cooperation
 Personal Observations
 Orientation books of JS
 And customers of JS
 Annual Report of JS Bank of Pakistan 2012
 Staff Member of JS Bank G.T road Branch Gujrat