Cheque clearing process of Janata Bank Ltd.

Abstract

The report on “Cheque Clearing process of Janata Bank Limited” is prepared based on my three months practical experience at Mohakhali corporate branch of Janata Bank Limited. This is an opportunity which helps me to learn more about the real-life scenario of a financial institution. Day by day, Financial institutions around the world are getting involved with online activities, like as electronic fund transfer and online transaction. Moreover, Bangladesh is also working on electronic fund transfer for commercial bank under Bangladesh Automated Clearing House (BACH). From this report, I have learned about how Janata Bank receive cheque of different commercial bank from account holder of the branch and forward to the Bangladesh bank for clearance. This internship program gives me an opportunity to learn how to input data for outward cheque clearing process and uses of 3 different seals for clearing. In this report, Secondary data is mainly used, though some primary data are collected from employees of the bank. During the preparation of this report, some problems are faced such as privacy issue of customers since Janata Bank Limited is a financial institution and an intern do not have the permission and opportunities to work with customers. Time limitation was another limitation to complete this report.