“Account Opening and Closing Procedures of Jamuna Bank PLC”

Abstract

Banking is topic, practice, business or profession almost as old as the very existence of man, but literally it can be rooted deep back the days of the Renaissance (by the Florentine Bankers). It has sprouted from the very primitive Stone-age banking, through the Victorian age to the technology-driven Google-age banking, encompassing automatic teller machine (ATMs), credit and debit cards, correspondent and internet banking. But the Account Opening and Closing services have been a vicinity of concern not only to bankers but also to all in the business. This report “Account Opening and Closing Procedures of Jamuna Bank PLC”. The primary purpose of this report is to get an idea about the Factors Affecting of Account Opening and Closing activities and it’s procedures of the Jamuna Bank PLC in Progoti Sarani Branch. Internship program is one of the parts at the final semester. Internee plays a vital role in every student to implement his or her theoretical knowledge and get a practical knowledge from any organization. Authority of the Sonargaon University (SU) assigns me to find a company for my internee and I also get opportunity to the Jamuna Bank PLC. They mainly provide their services in the whole country. The axel of this study is to have a clearer picture of how Jamuna Bank PLC manages its Account Opening and Closing activities and which factors are affect there. An introduction of JBL is given in the first part, its objectives, scope, methodology and limitations of the department of Account Opening and Closing activities, performance and banks profitability. In the second part, Import, Export and Remittance procedures, works, and how bank profitable through foreign exchange services and also SWOT analysis and some major findings. In the last section that includes some recommendation and conclusion. Finally I have gone through my own assessment regarding their operation. I hope that Jamuna Bank PLC may improve the operation in Bangladesh in future.