An evaluation of Bangladesh automated clearing house system on Bank Asia Ltd. (Scotia branch)

Abstract

This report has been prepared on the basis of experience gathered during the period of internship at Bank Asia Limited, Scotia Branch. Basically, it is a reflection paper which includes my learning from day to day activity on general banking, Credit Operations and Clearing section of the branch. The report mainly portrays my duties, activities, learning, achievements and other issues related to my workings during the internship tenure. The first section of the report, I have discussed the purpose, methodology, sources of data and limitations of the study. In the second chapter, there is a clear overview of Bank Asia Ltd. In the third chapter, I have showed a literature review on Bangladesh Automated Clearing House including some definitions of BACPS, BEFTN, Bangladesh Bank Order 1972 etc. In chapter four, there is an overview of BACH. In chapter five, there is a comparison between BACH and Traditional clearing system. The traditional paper based payment system compared with the upgraded technology. In the sixth chapter, I have analyzed the BACH operating procedure in Bank Asia Ltd. including its various sections. Chapter Seven presents SWOT analysis of the study under Bangladesh Bank Order 1972. And in chapter Eight and Nine, I tried to show some findings. I have also included my findings as an intern and finally the influence of this system on the overall banking. At last based on my observation, I have provided some assorted recommendations and concluding remarks.