General banking activities of United Commercial Bank Limited

Abstract

Now a days Modern Banking presents an extensive variety of economic services which includes credit, funds, and payment services. Establishing a good brand image of honesty to the shareholders is the vital characteristic of banking process. Internship program is an extensive process which helps a student to attain realistic understanding along with theoretical. Any Study which has no relation with on the job learning is actually not a learning at all and doesn’t help to recognize genuine situation of business world. I have obtained a huge bunch of practical knowledge on General Banking procedures performed by UCBL Corporate Branch by getting chance to do internship here. As part of completing my graduation, I needed to complete a threemonth period of Internship program. I decided to do my Internship at United Commercial Bank Ltd. At UCB I was consigned to do my intern in three different sections which includes general banking activities, cheque clearing and credit section. In General Banking activities I took the opportunity to learn about as much as possible while I was working on the division. As One of the first generation commercial banks in Bangladesh is UCBL it proudly provides expert banking services and contributes to both social and economic development of the country. Post initiation of business in 1983, it has been able to set up one of the biggest networks in the country having 158 branches in different districts and providing excellent and error free services to its customer. The first and foremost intention and planning of United Commercial Bank Limited is to play a primary role in the financial activities of the country. Through adapted service, inventive practices, vibrant advance and well-organized administration, it has made a distinct mark in the area of private banking division. Through an imaginative credit policy, it is also decisively occupied in the improvement of business, trade, and production. Since General Banking is the main point of discussion in this report that is why I mostly discussed its diagnosis and necessity. General banking operation includes general account’s opening, requirements of opening accounts, schemes, rate of interest on deposit, cheque clearing and bills department sections, collection section, local remittance department and customer services.