This internship report of Bank Alfalah Limited Bahawalpur where I spend 06 weeks in almost all departments of bank. I worked with all staff of bank. Internship Report on Bank Alfalah – Free ebook download as Word Doc .doc), PDF File .pdf), Text File .txt) or read book online for free. BANK ALFALAH LIMITED Internship Report submitted to the Faculty of Management & Administrative Sciences in Partial Fulfillment of the Requirements for the.

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A depressive intrrnship rate environment has spurred the competition for scarce banking assets in local financial industry.

These cheques are scrutinized and cheques for local clearing are separated from OBCs.

This includes internshi; wise verification and also physical certification, legal notices and suits. At the time of independence there were offices of scheduled banks in Pakistan of which were located in West Pakistan alone.

All the cheques are received on one counter along with the paying slips duly filled in properly containing particulars of cheques and account harder. Income proof of both account holders 3. We use them for compliance and verification. Know Your Customer Form: When instrument is presented for payment, signatures of the attorneys are verified on DD and after proper scrutiny; it is posted in the system and canceled by the Remittances Incharge.

With growing consumer awareness and declining interest rate scenario, several banks entered this nascent area.

Resolution of Board of directors The reprot has facilitated in creating strong brand recognition for BAL in the market. BAL is offering financing facility not only for the brand new vehicles but also caters to those customers who wish to opt for used vehicles. Other procedure is same. Replrt we follow order of court either in customers favor or in favor of bank. This Bank rendered great service to the merchants as well as countries it dealt with until when it was merged with the Reich bank.


Bank Alfalah Internship Report – Bohat ALA

Special crossing and bank endorsement stamps are affixed on the cheque. However, I would, as a CEO hold on to the strategy of staying a leader and not to worry about other banks.

The following documents are required to be submitted by an applicant with the completed application. Issuance procedure of Demand Draft is same as of pay Order. All repott branches are centrally controlled through LAN settings.

It gives you the flexibility to convert your large payments into small equal monthly installments. First of all the customer gives the request to close the account.

These ratings have been awarded on the basis of a steady improvement in organizational performance, augmentation in equity base and increased sponsor backing. He ijternship verifies signature. Recently the cards business has also been expanded to Afghanistan being the first issuer there and this trend of expansion to other countries will continue in many countries to make Bank Alfalah the first Pakistani bank to issue cards worldwide.

Bank has already started its working to go internationally and its future target markets include UAE, Bahrain, Bangladesh and Sri Lanka. He also signs an undertaking that he will follow the rules and regulations of the bank.

If an account is not operated in six months it is called Dormant Account. There are no complicated procedures and you do not need a bank account or a credit card. Then total number of cheques presented to all banks and their total amount is written on the foot of that schedule which is tallied with the clearing register.

The Loans and Advances figure stood at Rs. If any cheque is not passed due to insufficient balance or any other reason Officer clearing Department returns the same cheque by attaching a cheque return memo containing reason for return. Bank Alfalah views specialization and service excellence as the cornerstone of its strategy.


This notion has given us strength to face the future challenges. Offering you the facility that saves you the extra that you pay when you use Alfalah Credit Card at all patrol pumps in Pakistan.

While Bank Alfalah remains a key player in the market, however, it treads with caution so that the quality of its credit portfolio is not compromised. Alfalah VISA offers card members a new and powerful protection against the uncertainties of life.

Internship Report on Bank Alfalah Limited – Assignment Point

Internship is the one of the crucial part of the MBA course and this provide the practice knowledge of what students read about business in their books. Employees are given the benefits like bonus, gratuity funds, loans, increments, house rent, medical and conveyance allowances. Our mission is to maintain competitive edge in quality banking, customer service and profit performance.

C of all partners. All the customers are asked to fill a suggestion form and the standards of the bank are improved through them. Letter showing the authority of one or more partners to act on.

Assignment Point – Solution for Best Assignment Paper

In the core group reoort are 2 committees i. Markup rate that is charge is 2. The Bank does not make payment of a cheques bearing a six-month or older date.