production mix with govt. and private bank
TRANSCRIPT
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Focusing
On
Proposition of Product Mix with comparative study on a Govt. Bank (Janata bank)
&Multinational Commercial bank (Standard Chartered Bank)
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Table of content
Particulars Page no.
Chapter-1 (Introduction). (1-4)
1.1 Introduction 2
1.2 Objective of the study 2
1.3 Methodology.. 3
1.3.1 Data collection procedure... 3
1.3.1.1 Primary data source.. 3
1.3.1.2 Secondary data source. 3
1.4 Limitation of the study... 4
Chapter-2 (Profile of the Organization) . (5-18)
2.1 Introduction.......... 6
2.4 Special Feature. 7
2.6 Function........................... 7
2.7 Deposit objectives and principles 7
2.8 Special Savings Schemes ... 8
2.9 Investment 8
2.10 Modes of Investment . 8
2.11 Welfare Oriented Investment: Special Scheme 9
2.12 Foreign Exchange Business 10
2.13 Remittance Facilities 10
2.16 Agency Arrangement.. 11
2.17 MOSTRO/ VOSTRO AND LQRO ACCOUNT 13
2.19 Letter Of Credit (L/C).. 15
2.20 PARTIES TO LETTER OF CREDIT. 18
Chapter 3 :( Finding and analysis) (25-27)3.1 Finding and Analysis. 25
3.2 comparing of two bank.. 26
3.3 stabilizing new skim ... 26
3.4 Investment Operation 26
3.5 SWOT Analysis of the Organization.. 27
Chapter 4: Conclusion. (29-32)
4.2Conclusion. 32
BIBLIGRAPHY... 33
Appendix. 34
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INTRODUCTION
1.1 Background
This purpose is being conduct as requirement of the course online as well to get the
knowledge about the element of management trade system over the last ten year was it has
been growing muse rapidly than any other small and medium export import industry. Our
efforts are aimed at get a clean realistic picture of these relevant issues institutional
management and managerial completive ness is export and import sectors. Each and
every course of the BBA program is designed and in that 3 credits based on the preparation of
Report. and as our course instructor is a very experienced personnel, the topic he selected is a
very perfect one for the thesis cause the main theme of the course is selected for the report.
The task of the thesis is assigned to one. And we have to do this task all of our selves. So to
do we have to work on this Topics.
1.2 Objective
The primary objective of this report is to fulfill the course requirement as a part required by
the course.
The secondary objective of the report is to let the student introduce with the practical
relatedness of the course.
The third objective is making the student capable and fit for the job market, as making report
is a prime part of the job.
In the meanwhile report will help to understand the effectiveness of the course.
The main objective of the report is to complete the BBA program by successfully completing
period.
1.3 Methodology
The report is completed based by following the methodology which consist of three phase.
On the first phase the theoretical portion and its data are prepared by the class notes library
works which are based on collection of data from various library.
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On the second phase the data information are collected by the field visiting. In this part we
have visited bank. On the third phase the data informations are collected by the net surfing.
And above all we use Our imaginations and creativities and persecutions to make the report
as an ideal one.
1.3.1 Data collection procedure
We need two kinds of data to prepare this report. All information collected either from
internal or external sources.
Method of collecting data:
1. Our all data are collected from Secondary Sources from SCB & JBL.
1.3.1.1 Secondary data source
The secondary sources are consulted for a better understanding of the desired issues of the
company. The followings are used as secondary source of data-
Website of the bank
Different publications regarding banking functions, foreign exchange operation,
General Banking and credit Schemes.
Printed forms and documentation supplied by SCB & JBL.
1.4 Limitations
One of the crucial limitations is time constraint. As we were gone first time in the Bank local
office branch, Jigatola. Branch so it was difficult for us to collect related documents and
necessary data. Then we have to go Motijheel Except these there are many points, those are
given below:
Time constraints as the part the executive person proving one with information.
In most cases adequate exact updated facts figures may not be available due to interviews.
Necessary data collection became hard due to the unwillingness of the busy key person.
Import/Export department sometimes is very confidential, so getting adequate information is
difficult.
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We have selected two banks. One is government bank(Janata bank)and multinational
bank(Standard chartered bank).There are many Activities exists between two Banks. But we
have to discuss about Three things. This are-
GENERAL BANKING
CREDIT SCHEME
FOREIGN EXCHANGE
JANATA BANK LIMITED
1. GENERAL BANKING
Function of general banking:
Account opening department Accepting of deposit
Opening of account
Issue of Cheque book
Issue of duplicate Cheque book
Closing of account
Account transfer
Local remittance department
Cash department
Clearing department
Collection department
Savings Deposit
Short Term Deposit
Term Deposit
Janata Bank Limited Sanchaya (Savings) Pension
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From 1 April, 2006
Types of deposit Rate of interest
offered (%)
Savings Urban 05.00
Rural 06.00
Savings Deposit from Foreign Rmtt. 06.00
Short Term Deposit 03.50
Term Deposits:
3 months & above but < 6 months 07.00
6 months & above but < 1 year 07.50
1 year & above but < 2 year 07.75
2 year & above but < 3 year 08.00
Janata Bank Limited Sanchaya (Savings)PensionScheme: (5 years)
09.00
DPS 15.00
Bills Collection:
a. Gas bills of Titas, Bakhrabad and Jalalabad Gas Transmission and Distribution
Companies.
b. Electricity bills of Dhaka Electricity Supply Authority, Dhaka Electricity Company,Bangladesh Power Development Board and Rural Electrification Board.
c. Telephone bills of Telegraph and Telephone Board.
d. Water/Sewerage bills of Water and Sewerage Authority.
e. Municipal holding tax of City Corporation/Municipalities.
f. A pilot scheme is underway to provide personalized services to our clients.
Payments made on behalf of Govt. to:
a. Non- Govt. teachers salaries
b. Girl Students scholarship/stipend & Primary Student Stipend.
c. ArOur pension
d. Widows , divorcees and destitute Women Allowances
e. Old-age Allowances
Food procurement Bills
Issuance of Television License: The only Bank providing this service in Bangladesh.
As per decision of the govt. 46 (Forty Six) branches of our bank (40 branches in Dhaka
city, 1(one) branch in N.gonj city and 5(five) branches in Chittagong city) are involved to
receive the all utility bills in a same station from January'04.
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Range of interest rate : 2% to 14% No. of Programmes Financed : 40 Nos. of Micro-Credit Programes : 29
One Stop Services : Janata Bank Limited, first among the Nationalized Commercial Banks
in Bangladesh, has introduced One Stop Service.The salient features of this system are asunder:
-A customer can deposit and withdraw money from a single counter.
-The system of Token and Scroll has been discontinued.
-Customers are getting prompt and personalized services from a single counter.
-Verification of signature is easy as the same is stored in the Computer
The main focus of Janata Bank Limited Credit Line/Program is financing business,
trade and industrial activities through an effective delivery system.
Janata Bank Limited offers credit to almost all sectors of commercial activities having
productive purpose.
The loan portfolio of the Bank encompasses a wide range of credit programs covering
about 200 items.
Credit is also offered to 15 (fifteen) thrust sectors, as earmarked by the Government.,at a reduced interest rate to develop frontier industries.
Credit facilities are offered to individuals, businessmen, small and big business
houses, traders, manufactures, corporate bodies, etc.
Loan is provided to the rural people for agricultural production and other off-farm
activities.
Loan pricing system is customer friendly.
Prime customers enjoy prime rate in lending and other services.
Quick appreciation, appraisal, decision and disbursement are ensured.
Credit facilities are extended as per guide-lines of Bangladesh Bank (Central Bank of
Bangladesh) and operational procedures of the Bank.
The rates may, however, change from time to time depending on the level of
competition in the financial sector.
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Janata Bank Limited offers all the major banking facilities and services to its customers.
The Bank with its network spreading throughout the country has a unique feature of
ploughing back savings from those places and then investing them into different loan
portfolios.
Foreign Exchange
Schedule of charge for foreign trade & foreign exchange transaction
Import:
1. Letter of Credit (LC):
amendment for increase of value and extension of time,
Mailing of L/C
FCC/ Add Confirmation
Foreign Remittance.
Janata Bank Limited has a network of 844 domestic branches in Bangladesh covering
whole of the country including the rural areas.
Remittance services are available at all branches and foreign remittances may be sent to
any branch by the remitters favoring their beneficiaries.
Remittances are credited to the account of beneficiaries instantly or within shortest
possible time.
Janata Bank Limited has correspondent banking relationship with all major banks located
in almost all the countries/cities. Expatriate Bangladeshis may send their hard earned foreigncurrencies through those banks or may contact any renowned banks nearby ( where they
reside/work) to send their money to their dear ones in Bangladesh.
Taka Remittance Arguments
To facilitate sending money in Bangladeshi Taka directly, Janata Bank Limited has Taka
Drawing Arrangement with many banks/exchange companies in different countries. The
expatriate Bangladeshis may send their money in BDT (Bangladeshi Taka) through the
branches/subsidiaries of Janata Bank Limited and foreign banks/exchange companies
mentioned below:
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Facilities offered to the remitters
For quick payment of TTs issued by 4(Four) UAE branches of Janata Bank Limited ( Abu
Dhabi, Al-Ain, Dubai & Sharjah branch) Foreign Exchange Corporate Branch,
Dhaka( FECB, Dhaka), Laldighi East Corporate Branch, Chittagong(LDE, Ctg), Foreign
Exchange Corporate Branch, Sylhet( FECB, Sylhet), Khulna Corporate Branch, Khulna,Barisal Corporate Branch, Barisal & Rajshahi Corporate Branch, Rajshahi are nominated.
1. FECB, Dhaka will cover whole Dhaka Division,
2. LDE, Ctg will cover whole Chittagong Division, except branches under greater Comilla
and Noakhali Area.
3. FECB, Sylhet will cover whole Sylhet Division,
4. Khulna Corporate will cover whole Khulna Division,
5. Barisal Corporate will cover whole Barisal Division,
6. Rajshahi Corporate will cover whole Rajshahi Division,
7. Comilla Corp. will cover all branches under greater Comilla district.
8. Noakhali Corp. will cover all branches under greater Noakhali district.
Commission for issuance of Taka Drafts from our UAE branches has been reduced and
refixed from AED 10.00 to AED 4.00 and commission for issuance of TTs drawn onBangladesh and payable at any bank branches are re-fixed at AED 12.00 from AED 30.00.
Commission for issuances of Taka drafts at UAE branches has been reduced irrespective of
amount.
NON RESIDENT FOREIGN CURRENCY FIXED DEPOSIT ACCOUNT (NFCD)
Expatriate Bangladeshi Nationals and persons of Bangladesh origin including those having
dual nationality may open non- Resident Foreign Currency Fixed Deposit Account with any
authorized dealer branches of Janata Bank Limited in Bangladesh for a period of one month,
three months, six months or twelve months on renewable basis depositing minimum USDollar 1000/- or Pound Sterling 500/- . The eligible persons may open this account at any
time of their return to Bangladesh.
Interest on NFCD Account is applicable on the basis of Euro currency interest rate which is
tax free in Bangladesh. Principal amount including accrued interest is convertible in local
currency as well as repatriable to the account holder abroad . This account may be maintained
as long as the account holders desire.
NFCD account opening Forms are available with authorized dealer branches of Janata Bank
Limited in Bangladesh and Embassy/ High Commission Offices of Bangladesh abroad.
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Resident Foreign Currency Deposit (RFCD):
Persons ordinarily resident in Bangladesh may open RFCD Accounts with the foreign
currencies brought in at the time of their return from abroad. This account may be opened
with any authorized dealer branches of Janata Bank Limited in US Dollar and Pound Sterling.
Interest is payable if the deposit is maintained for a term of not less than one month and thebalance is not less than US Dollar 1000/- and Pound Sterling 500/-. RFCD account may be
maintained as long as the account holders desire. Balances of such accounts are repatriable
abroad.
Non-Resident Investor's Taka Account (NITA):
Expatriate Bangladeshis may invest their hard earned money in the Stock Exchange for
purchase of Bangladeshi shares and securities. For this purpose, the expatriates may open
NITA account with any authorized dealer branches of Janata Bank Limited. Dividend earned
from shares/securities is tax-free in Bangladesh. Balance of NITA account is repatriable
abroad at the prevailing rate of exchange. NITA account may be operated by the nominee.The account holders may nominate Janata Bank Limited to act as nominee also.
Foreign Currency Account Opening Form under Wage Earners Scheme
US Dollar Investment Bond and US Dollar Premium Bond
The Government of the People's Republic of Bangladesh has introduced US Dollar
Investment Bond and US Dollar Premium Bond to facilitate investment of hard -earned
foreign currency by the non-resident Bangladeshis.
Eligibility to purchase these Bonds :
Non-resident Bangladeshis are eligible to purchase US Dollar Investment Bond and US
Dollar Premium Bond with the foreign currency sent to his F. C. account or with the
cheque/draft in foreign currency (after collection of cheque/draft).
Facilities of US Dollar Investment Bond :
i) Period : 3(three) years. Renewable for further one term.ii) Rate of Interest :
On completion of 3 years (full term) -6.5%
On completion of 2 years - 6%
On completion of 1 year - 5.5%
No interest before completion of 1 year.
iii) Repayment of interest on 6(six) months basis.
iv) Interest is payable in US Dollar. Interest and Principal amount are also repayable in
Bangladesh Taka at the request of the purchaser of bonds.
v) Both Principal amount and interest are repatriable
http://www.janatabank-bd.com/FCAO.pdfhttp://www.janatabank-bd.com/FCAO.pdf -
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Facilities of US Dollar Premium Bond :
i) Period : 3(three) years. Renewable for further one term.
ii) Rate of interest : a. On completion of 3 years (full term) -7.5%
b. On completion of 2 years - 7%
c. On completion of 1 year - 6.5%
d. No interest before completion of 1 year.
iii) Repayment of interest on 6(six) months basis.
iv) Interest is payable in Bangladesh Taka only. Principal amount is also repayable in
Bangladesh Taka at the request of the purchaser.
v) Death-risk-benefit for purchase of Premium Bonds at least USD.10,000/- at the first
instance and increase investment subsequently will qualify for a free death-risk-benefit
@15% to 25% on fulfillment of certain terms and conditions.
vi) Principal amount is repatriable.
Common facilities of both USD Investment and Premium Bonds:
i) Period : 3 years.ii) Interest is payable on 6 months basis.
iii) Principal amount is repatriable abroad or may be re-invested for further one term.
iv) Both interest and principal amount is income tax free in Bangladesh.
v) "CIP" facility to the purchaser of Bonds for USD.1,000,000/-(One million).
vi) Duplicate Bond will be issued in case of lost, stolen and destroy of original Bonds.
vii) Non-resident Bangladeshis may purchase Bonds for any amount in multiply of
USD.500/-.
Computerization of Branches : 139 Major branches have already been computerized and a
massive computerization program is going on.
New Special Products
Financing IT Sector
Financing of Industries
Ready Cash
Windows for SMEs
Loan to Travel Agencies
Loan to Diagnostic Centers
NRB Escrow Account
NRB Gift Cheque
Ghoroa Prokalpa/ Family based micro credit
Special Credit Program:
1.Seed Development Programme
2. Loan for Handicapped/disabled people
3. Hybrid Milking Cow Rearing (HYV-Milch Cow)
4.Credit for Forestry/Horticulture Nursery
5. Credit for Flower plantation & Garden
6. Credit Program for Goat Rearing
Other Credit Programs:
http://www.janatabank-bd.com/jb7.htm#xyz%23xyzhttp://www.janatabank-bd.com/jbMap_indstry.htmhttp://www.janatabank-bd.com/jbmap2.htmhttp://www.janatabank-bd.com/jbmap5.htmhttp://www.janatabank-bd.com/loan_tta.htmhttp://www.janatabank-bd.com/loan_tdc.htmhttp://www.janatabank-bd.com/NrbEsc_ac.htmhttp://www.janatabank-bd.com/NrbGft_ch.htmhttp://www.janatabank-bd.com/jb7.htm#xyz%23xyzhttp://www.janatabank-bd.com/jbMap_indstry.htmhttp://www.janatabank-bd.com/jbmap2.htmhttp://www.janatabank-bd.com/jbmap5.htmhttp://www.janatabank-bd.com/loan_tta.htmhttp://www.janatabank-bd.com/loan_tdc.htmhttp://www.janatabank-bd.com/NrbEsc_ac.htmhttp://www.janatabank-bd.com/NrbGft_ch.htm -
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To increase agricultural production and improvement its quality.
To gear up socio-economic activities among rural people.
To create employment opportunities among rural people through providing
economic support.
Creating confidence among the beneficiaries on institutional credit and their
access to improved production practices / activities.
To build up asset by creating saving habit among the rural population.
Poverty reduction.
The main features of the major agricultural / rural credit programmes are narrated
below:
1. Special agricultural credit program / Short term crop production loan programme:
2. Horticulture development loan programme:
3 (a). Fishery Loan Programme:
(b) Credit programme for fish cultivator selected by the Directorate of Fisheries:
(c) Shrimp Culture Credit Programme:
4. Irrigation & Agricultural Equipment Credit Programme.
STANDARD CHARTERED BANK LIMITED
General Banking
Function
Savings Account
Graduate Account Introducing
Credit Card Standard Chartered
Millionaire Scheme
Education Savings Scheme
Access Account
Graduate Account
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The Objectives of STANDARD CHARTERED BANK LIMITED are as under-
To maintain all types of deposit accounts.
To make investment.
To handle foreign exchange business.
To extend other banking service.
To conduct social welfare activities.
Deposit objectives and principles
SCB gives special importance on saving. The objectives and principles of the savings policy
of the Banks are:
To encourage people to save for self and for the country as a whole.
To develop a sustained savings habit among the people.
To operate Current account and all other deposit accounts.
Savings AccountStandard Chartered Savings Account is a convenient and right way to manage your money.
We work hard to give you the best return on your investment.
Earn attractive Interest
Watch your money grow with competitive interest rates that give you regular returns. Interest
is paid on the minimum balance of a particular month and applied to the account on half
yearly basis. To get interest, all you have to do is to:
Maintain a minimum balance of BDT 1 lac above at all times during a month.
Can not withdraw through any one debit of more than BDT 25,000 or 10% of
available balance, whichever is lower in a particular month.
Number of debits permissible in a week must not exceed two transactions.
CREDIT SCHEME
Credit Scheme
Credit Card Standard Chartered
Education Savings Scheme
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Millionaire Scheme Forced Saving is instrumental for future
STD Account
Car Loan
Personal Loan
Any purpose loan GHBI Loan
Deposits, loans, credit cards, investments, priority banking, offshore financial services
deposits, loans, credit cards, investments, priority banking, offshore financial services.
Managing Your Needs Personal Banking Plans Services cash management, custody, lending,
trade services, and structured finance, e-banking. fixed income, syndications, FX, funds
management, structured debt finance, risk management solutions, corporate advisory, private
equity. It Provides Credit Card Standard Chartered Credit Card Product Range Standard
Chartered Bank (SCB) issues both VISA and MasterCard Credit Cards, the two renowned
Credit Card brands. Our product range includes: Local Card Visa Silver Credit Card Visa
Mini Card MasterCard Silver Credit Card MasterCard Gold Credit Card MasterCardPlatinum Credit Card MasterCard Cricket Card International Card Visa Silver Credit Card
Visa Gold.
Education Savings Scheme Responsive These days parents are finding themselves
This is a fixed term savings scheme to be sold in units Customer can buy any number
of units The scheme requires an initial deposit BDT 10,000, which will be followed
by monthly instalment of BDT 1000 per unit It will be a non-transactional account
where interest will accrue on daily basis and will be credited on monthly basis The
sign-up.
Graduate Account Introducing Graduate Account, specialized banking solution for
the
Graduate Account Introducing Graduate Account, specialized banking solution for the
students At Standard Chartered, we believe success is deep rooted the way one grooms up.
We are introducing Graduate Account a first of its kind in the country to let you enjoy the
convenience and benefits of modern banking.
GENERAL BANKING
Any Branch Banking
Any branch banking gives you the privilege to operate from any of our branches inBangladesh. All our 18 branches are conveniently located across important cities throughout
the country.
24-hour Banking Convenience
With our large ATM network including non-branch ATM across the country you have the
privilege of round the clock deposit, withdrawal and other account services at your
convenience.
Access Account
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At Standard Chartered, we never stop making banking more convenient for you. Our
extensive network of Automated Teller Machine (ATM) and non-branch services let you
bank with ease
Power of Access Account
Access is a non-branch banking solution that gives the customer more flexibility with:
Access to 24 ATMs in six major districts
Access to free e-Statement facilities
Access to state-of-the-art Call Centre facilities
No minimum balance fees
Interest is accrued monthly and paid half yearly
No chequebook ?all transactions done electronically
Annual ATM fee of only BDT 150
State-of-the-art 24-Hour Call Centre
Just connect to our 24-Hour Call Centre and satisfy your banking needs anytime of a day - areal convenience at your fingertips. Check your account balance or inquire about your last
transactions, transfer funds, pay your utility bills or even talk to one of our agents for any
query that you might have. Our agents are available round the clock on 365 days to offer
assistance for you.
You can now avail the convenience of VISA Debit Card. It is the easiest and the most
secured way of utilizing your money for retail purchases as well as paying the utility bills.
SMS Banking and e-Statements
Through our SMS banking and e-statement facility, you have privilege to access your account
from anyplace, anytime.
Monthly Savings Scheme
Securing your Children's future
Calculation of one unit of Monthly Savings Scheme:
Tenor Initial Deposit Monthly Deposit Total Payment Value at
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Maturity Profit
TenorInitial
Deposit
Monthly
Deposit
Total
Payment
Maturity
ValueProfit
3 years 10,000 1,000 46,000 51,751 5,7515 years 10,000 1,000 70,000 83,070 13,070
10 years 10,000 1,000 1,30,000 1,78,745 48,745
N.B.
1. These are indicative figures only
2. Tax is payable as per government rules
3. Terms and conditions apply
Current Account
A frequent transaction account that provides you both convenience and flexibility.
Put an end to your worries about carrying large sums of money when you need it. Standard
Chartered Bank Current account is an efficient and convenient way of handling your daily
finances.
24-hour Banking convenience:
Any Branch Banking
State-of-the-art 24-Hour Call Centre
Debit CardSMS Banking and e-Statements
Paying your Bills is as easy as pressing a button
Reliability
Additional benefits:
Evening Banking with withdrawals as well as deposits and extended banking hours (6
p.m. to 8 p.m.) facility at selected branches (Gulshan, Dhanmondi #Road. 2 & 5,
Uttara) in Dhaka and (Nasirabad) in Chittagong.
Standing order instruction
Transfer funds between Standard Chartered branches in Bangladesh instantaneously.
Locker services (Subject to availability)
Sales Team is always available at your doorsteps.
Responsive
These days parents are finding themselves financially hard-pressed to bear the educational
expenses of their children. Education expenses, along with other ancillary costs are soaring
up as parents are desperately searching for quality education. To relieve you from this
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scourge, Standard Chartered has come up with an innovative product that would enable you
to save a portion of your monthly income in "Education Saving Scheme?
Innovative
The scheme is an innovative way to finance ever-bulging education costs that parents have to
incur as a result of competitive nature of the situation. The "Education Savings Scheme gives
you the opportunity to create long-term wealth for your children. Through this scheme you
can invest part of your monthly income in equal monthly instalments and at maturity you will
be rewarded with a handsome amount that you will be able to use to defray any expenses that
you may have to incur. Now, you can rest assured that your wards will not be required to
shelve any quality education opportunity due to the inadequacy of funds.
Convenient
Unlike the other banks in Standard Chartered you do not require to come to the bank or send
someone to deposit the instalments. You instalments will be deducted automatically from any
transaction accounts(s) that you will be required to maintain with us. Notable features of thescheme are:
This is a fixed term savings scheme to be sold in units
Customer can buy any number of units
The scheme requires an initial deposit BDT 10,000, which will be followed by
monthly instalment of BDT 1000 per unit
It will be a non-transactional account where interest will accrue on daily basis and
will be credited on monthly basis
The sign-up fee for the scheme will be BDT 250 per unit, with a minimum of BDT
500 and maximum of BDT 10,000
If any customer desires to discontinue the scheme prior to maturity, a penal fee @BDT 250 per unit (with a minimum of BDT 500 and maximum of BDT 5000) will be
deducted from the account and the balance proceeds (calculated on the amount
incorporating the last interest credit amount, the fraction days will not be considered)
will be credited to his/her transaction amount
Failure to make three consecutive instalments will result in immediate closure of the
scheme and a penal fee @ BDT 500 per unit will be charged
In case of forced closure (nonpayment of three consecutive instalments) before 1 year,
a penal charge @ BDT 2000 per unit will be charged
The interest rate applied on the collection account will be 3% higher than the rate
offered on the scheme account
If there is any tax payable under the scheme, it will be deducted from the amountpayable to the account holder
In case of death of Education Savings Scheme holder the account will cease and the
amount deposited till the time of death and accrued interest will be paid to the
nominee
Schedule of Tenure & Terminal Values for 1 unit
TenureInitial
Deposit
Monthly
Deposit
Total
Payment
Maturity
ValueProfit
3 years 10,000 1,000 46,000 52,310 6,31010 10,000 1,000 130,000 206,510 76,510
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years
15
years10,000 1,000 190,000 400,227 210,2270
Schedule of Tenure & Terminal Values for 10 units
TenureInitial
Deposit
Monthly
Deposit
Total
Payment
Maturity
ValueProfit
3 years 100,000 10,000 460,000 533,334 73,334
10
years10o,000 10,000 1,300,000 2,196,630 896,630
15
years100,000 10,000 1,900,000 4,407,564 2,507,564
Fixed Deposit
Standard Chartered Fixed Deposits make your money work for you. With the advantage of
Standard Chartered's expertise, resources and experience, you can assure of maximizing the
growth potential of your savings safely.
Products that suit your needs
With our wide range of fixed deposits products, you have the option to earn a very high
interest.
Any Branch Banking
Any branch banking gives you the privilege to operate from any of our branches in
Bangladesh. All our 18 branches are conveniently located across important cities throughout
the country.
Perfect combination of liquidity and returns
Standard Chartered wide range fixed deposit products are the perfect combination of liquidity
and returns. You have the freedom to choose from the desired period from one month to Five
year. If you need cash before the end of your fixed deposit term, Overdraft/Loan facilities is
obtainable against security of FD without losing the interest earning & the FD. Premature
encashment will result in forfeiture of interest.
Debit Card
You can now avail the convenience of VISA Debit Card. It is the easiest and the most
secured way of utilising your money for retail purchases as well as paying the utility bills.
Affordable Opening Balance
The minimum opening balance and to earn interest on Fixed Deposit account is only BDT
100,000.
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Any Branch Banking
Any branch banking gives you the privilege to operate from any of our branches in
Bangladesh. All our 18 branches are conveniently located across important cities throughout
the country.
Other Services
Evening Banking with withdrawals as well as deposits and extended banking hours (6
p.m. to 8 p.m.) facility at selected branches (Gulshan, Dhanmondi #Rd. 2 & 5, Uttara) in
Dhaka and (Nasirabad) in Chittagong.
Standing order instruction
Locker services (Subject to availability)
Key features:
Deposit can be made in foreign currency only (cash, TC or Drafts or transfer from other
Fcy account)
Cash withdrawal from the account is in local currency o Fund Remittance (in both Lcy and Fcy) to any place in and out of the country
(without restriction)
Fund can be used to make investment in Wage Earners' Development Bond
Credit Card Standard Chartered:
Credit Card Product Range Standard Chartered Bank (SCB) issues both VISA and
MasterCard Credit Cards, the two renowned Credit Card brands. Our product range includes:
Local Card Visa Silver Credit Card Visa Mini Card MasterCard Silver Credit Card
MasterCard Gold Credit Card MasterCard Platinum Credit Card MasterCard Cricket Card
International Card Visa Silver Credit Card Visa Gold ...
Millionaire Scheme
Forced Saving is instrumental for future Millionaire Scheme Forced Saving is instrumental
for future. Standard Chartered offers you an excellent opportunity to save for your rainy days.
Start with BDT 100,000 and deposit BDT 10,000 per month and become a millionaire in just
5 years 9 months.
Education Savings Scheme
Responsive these days parents are finding themselves. This is a fixed term savings scheme to
be sold in units Customer can buy any number of units The scheme requires an initial deposit
BDT 10,000, which will be followed by monthly installment of BDT 1000 per unit It will bea non-transactional account where interest will accrue on daily basis and will be credited on
monthly basis The sign-up.
Resident Foreign Current Deposit (RFCD).
Resident Foreign Currency Deposit (RFCD) Resident Foreign Currency Deposit Account is
allowed for Bangladeshi residence only. RFCD Account offers you the convenience and
flexibility of managing your foreign currency related issues to some extent: Interest bearing
foreign currency account Multi-currency deposit facility: USD, EUR, GBP International
Credit Card issuance facility against RFCD account Documents you need to open an RFCD
Account.
Products & Services, Feature Products.
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It is essential that you do not take into consideration or respond to any information on this
site or send any information or materials to us before you read this Important Legal Notice
and our Data Protection and Privacy Policy.
Phone Banking Services
Phone Banking Service Standard Chartered Bank is the first bank in the country to offerautomated 24-hour Phone banking service. Our phone banking services include balance
enquiry, fund transfer, change of TIN, chequebook request, statement request, foreign
currency exchange rate etc.
Non-Resident Foreign Currency Deposit a short-term foreign currency deposit account
Non-Resident Foreign Currency Deposit a short-term foreign currency deposit account
suitable for Bangladeshis living abroad, offering competitive interest rates available in both
local and international markets. Features include: Interest paid in foreign currency Can be
opened for a term of 1 month, 3 months, 6 months or 12 months Interest rates are tiered
(based on amount and term) Interest payable on.
Foreign Currency Current Account Applicable to Bangladeshis working abroad, it .Foreign
Currency Current Account Applicable to Bangladeshis working abroad, it can be opened in
USD, GBP and Yen without restriction on transaction frequency. Can be operated through
nominees in absence of the accountholder.
Resident Foreign Current Deposit (RFCD)
Resident Foreign Currency Deposit (RFCD) Resident Foreign Currency Deposit Account is
allowed for Bangladeshi residence only. RFCD Account offers you the convenience and
flexibility of managing your foreign currency related issues to some extent: Interest bearing
foreign currency account Multi-currency deposit facility: USD, EUR, GBP International
Credit Card issuance facility against RFCD account Documents you need to open an RFCD
Account.
Non-resident Foreign Currency Deposit (NFCD)
Non-resident Foreign Currency Deposit (NFCD) A short-term foreign currency deposit
account suitable for Bangladeshis living abroad, offering most competitive interest rates
available in both local and international markets. Other features include: Interest paid in
Foreign currency Can be opened for a term of 1 month, 3 months, 6 months or 12 months
Interest rates are tiered (based on amount and term).
Foreign Currency Current AccountForeign Currency Current Account Applicable to Bangladeshis working abroad, it can be
opened in USD, GBP and Yen without restriction on transaction frequency. Can be operated
through nominees in absence of the accountholder.
SME Banking Our Business Financial Services (BFS) is now SME.
SME Banking Our Business Financial Services (BFS) is now SME Banking. SME Banking
supports the banking needs of Small & Medium Enterprises (SMEs). This is a one-stop
solution for all sorts of banking requirements.
Priority Banking - an exclusive service offer Priority Banking - a privileged service offered
to our selected customers. We promise you services that are personal, professional,privileged, private and profitable. This unique service, offered by only Standard Chartered
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Bank in Bangladesh, comes with a range of attractive benefits: Personal dedicated
Relationship Managers.
Moneylink Card
Moneylink Card Standard Chartered Bank launched Moneylink ATM in 1994, the first bank
to offer this service in Bangladesh. Moneylink ATM service is free of charge, offering thefollowing features: Cash Withdrawal & deposit Cheque deposit Cheque book request Change
of PIN printing of mini-statement Payment of utility bills.
Resident Foreign Currency Deposit (RFCD) Resident Foreign Currency Deposit Account
is allowed for Bangladeshi residence only. RFCD Account offers you the convenience and
flexibility of managing your foreign currency related issues to some extent: Interest bearing
foreign currency account Multi-currency deposit facility: USD, EUR, GBP International
Credit Card issuance facility against RFCD account Documents you need to open an RFCD
Account.
Mortgage Loan The Home Loan Standard Chartered Mortgage Home Loan to realise yourdream home Loan amount includes registration cost No cash security No personal guarantee
from third party Interest calculated on Monthly Reducing Balance Everyone dreams of a
sweet home.
Flexi Loan Tailored Flexi Loan from Standard Chartered is a Flexi Loan Tailored Flexi
Loan from Standard Chartered is a loan facility that has been custom designed to fit your
needs. Highest Loan amount is BDT 1200K depending on income assessment.
Auto Loan With Standard Chartered Auto Loan, it is easier 36 months Competitive Cost: We
offer you one of the most competitive rates in the market. Our interest rate is only 13% per
annum. However, you can enjoy lower interest rate if you prefer to deposit some security.
Personal Loan Personal Loans from Standard Chartered are the most flexible of their kind in
the market. Unlike the conventional banking at Standard Chartered, you do not need to
provide any cash security to avail Personal Loan from us.
Money Builder A unique savings plan that helps you build up a sizeable savings base over a
period of 5 years. You can begin to save with a small amount, add affordable monthly
installments for 5 years and get an amazing return on maturity.
Millionaire Scheme Forced saving is instrumental for futureThe rates of interest payable on the scheme is subject to change without any prior notice &
this may affect the matured value of the scheme. In the event of the death of scheme holder,
the account will cease and the amount deposited till the time of death and accrued interest
will be paid to the nominee.
STD Account
Standard chartered Call account offers you the convenient way to save for the future, as wellas enjoying easy access to your money.
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Debit Card
You can now avail the convenience of VISA Debit Card. It is the easiest and the most
secured way of utilizing your money for retail purchases as well as paying the utility bills.
Foreign Exchange
Standard Chartered Bank started its business in Bangladesh in 1948, opening its first branch
in the port city of Chittagong. The bank increasingly invested in people, technology and
premises as its business grew in relation to the country's thriving economy. This year,
Standard Chartered will be refreshing our brand identity in all the different parts of the world
in which we operate. We are reinforcing the values by which we work, to: constantly provide
world-class service for our customers deliver value for our shareholders make Standard
Chartered a great place to work for our employees
Corporate & Institutions
Standard Chartered, established since 1948, is highly reputable in providing flexible andinnovative financial services solutions. Our expertise is in corporate and institutional banking
including cash management, trade finance and custodial services, consumer banking and
treasury operations.
2.12 Foreign Exchange Business:
The foreign trade handled by the bank may be classified as under:
Export Business.
Import Business.
Foreign Remittance
Necessary services relating to foreign exchange and foreign trade.
The achievement ofThese two Banks Ltd. in the area of foreign exchange business has been
quite phenomenal. The bank has been providing services to import and export trade and for
repatriation of hard-earned foreign exchange of Bangladeshi living and working abroad and
has by now consolidated its position in these areas.
2.13 Remittance Facilities
For remittance purpose banks render the following services for their customer both home and
abroad:
Issue of foreign DD, MT, TT, etc in connection with outward remittance.
Payment of DD, MT, TT, etc in case of inward remittances.
Issue and encashment of travelers Cheque for both inward and outward remittances.
Sale and encashment of foreign currency Deposit accounts.
Opening and maintenance of non-resident foreign currency deposit accounts.
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Opening and maintenance of resident foreign currency deposit accounts.
Dealing in Foreign Exchange
Banks compute exchange rate for their customer.
Banks by & sell foreign exchange from & to the public.
Banks maintain sufficient stocks of F.Ex in their accounts abroad.
Banks maintain accounts with bank in important financial centers through which all
sales & purchases of F.Ex are routed.
Banks have to quote for foreign to be purchase & sold from & to the customer in their
day to day activities.
Correspondent Relationship
Banks maintain correspondent relationship with banks abroad to perform the following
service on behalf of their customers:
Collection of bills & cheques etc.
Issue of DD, MT, TT & Traveler cheques.
Arrangement for reimbursement on letter of credit issued.
Advising/ confirming & amending letter of credits.
Sale & purchase of foreign currencies.
Granting/ guaranteeing of loans & over draft.
Furnishing of credit information e.g. business/ market reports etc.
Required Documents for Opening L/C
The person or institution, who comes to open L/C. must be an importer, there are five types
of importer they are,
1. Commercial Importer
2. Industrial Importer
3. Lease Financing Importer
4. Public Sector
5. Actual User
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Generally Importer must have a certificate, named IRC (Importer Registration Certificate)
From CCI and E. Exception
1. Public Sector. Instead of IRC, they require specific recommendation from the
concerned Ministry.
2. Actual User
3. New Industrialist, for Capital Machineries.
Before opening L/C the Importer have to submit the following documents:
1. Valid IRC or equivalent certificate
2. Valid Trade License
3. Indent / Pro forma invoice / Contract
4. Membership Certificate from Chamber of Commerce of trade Association
5. Income Tax Certificate With TIN
6. Last three years audited / Provision balance sheet (if Any)
7. Cash Flow statement
8. Copies of the Bio-Data of the proprietor/Partner/Director
9. Declaration of liability with the branch/ with other branches/with other
bank-with loan status.
10. Declaration of assets liabilities of the proprietor/partner/Directors.
11. LCA Form Registration signed by the authorized person
12. Application and agreement for irrevocable U/C on banks proscribed form.
13. IMP Form signed by the authorized paid receipt.
14. Rent receipt of the business center.
15. Lease agreement and letter of consent
16. Nature and details of business/products
17. Inquiry form to obtain CIB report
18. Other papers.
2.19 Letter Of Credit (L/C):
The documentary credit or letter of credit is an undertaking issued by a bank for the account
of the buyer(the application) or for its own account, to pay the beneficiary the value of the
draft and/ or documents provided that the terms and conditions of the documentary credit are
complied wit.
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2.20L/C Opening Procedures
Authorized Dealer can open L/C at the request and instructions of the importer who maintain
regular current account with respective bank and have valid IRC. The importer will have to
submit the following Documents/papers to the bank for opening L/C.
Required Documents for Opening L/C:
1. Application and agreement for irrevocable letter of credit (FEx-1) with adhesive
stamp of
2. Tk. =150/- duly filled up and signed by the importer.
3. Indent / Pro forma Invoice/Contract duly accepted by the importer
4. LCa Form duly filled up and signed by the importer
5. Insurance cover note with money receipt covering all risk for 110% of the L/C value
6. Membership Certificate from chamber of commerce and industry/Registered Trade
Association
7. Income tax paid Certificate/ Declaration of Submission of income Tax return
8. Prove regarding TIN number
9. Any other documents as may be required as per Import policy / Public notice /
instruction issued by the Exchange rate from time to time
10. In case of importer of drugs and medicine valid drug license
11. In case of Public sector, attested copy of govt. Permission
12. IMP Form duty signed by the Importer.
Function of L/C Opening Bank before Opening L/C:
On receiving the documents/papers from the importer, the LC opening bank is to perform the
following functions in connection with opening the L/C.
l) To scrutinize the documents/papers thoroughly and to consult with import policy public
notice, Bangladesh Bank and International Divisions Circular and UCPDC.
Whether any terms and conditions and instructions are contrary to them whether the item is
permissible whether the date of shipment is mentioned in the L/C application Form covers
within the validity of LCA Form.
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ii) To verify Signature of the importer.
iii) To prepare a credit report on the importer (if not prepared earlier) Credit Report on
each importer of the branch should be prepared at the beginning of each year.
iv)To obtain Credit report on the exporter (if required).
v) To Prepare an Offering sheet. This offering sheet is nothing but a prescribed office note on
which the branch manager will sanction the margin to be obtained from the importer. If the
branch Manager discretionary power does not cover the importers desired margin, the case
will be forwarded to the controlling Office for considering and sanctioning the margin. LCA
to be prepared with Bangladesh Bank (if required).
vi) To prepare an L/C opening sheet where the first hand information regarding the L/C.
Which is going to be opened are available. Here the L/C No. And date, name of the importer
and exporter, name of the advising Bank through whom the L/C will be advised to the
exporter, amount of L/C both in foreign currency and in Bangladesh taka, amount of charges,
liability amount (total amount of L/C in BD Tk.) and particulars of LCA Form are to be
inserted.
Voucher Preparation
Foreign Currency to be converted into Bangladesh Taka with the exchange rate
(B.C.Selling) prevailing in the date L/C opening.
Commission of L/C to be calculated for each quarter and part there of as per circular.
Period to be calculated from the date of opening L/C the date of expiry of L/C. If the
period is within 90 Days commission to be realized for two quarters of three quarters
as the case may be.
P & T charges to be realized as per circular.
Foreign Correspondents Charges (FCC) to be realized as per Advising Banks
schedule or as per circular. The amount which is going to be realized from the
importer as FCC will have to be paid to advising bank later on, This A/C is
maintained in C/A ledger.
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Register Entry
1. L/C Opening Registered: To make entry in L/C opening register. This register in
maintained currency wise i.e. for L/Cs in US Dollar or sterling, separate pages to be
maintained for each currency. Authorized Official will initial the L/C opening
register.
2. L/C Liability and Margin Ledger: To make entry Liability voucher and margin
voucher in L/C Liability and margin Ledger FEX-B-3 Party wise
L/C Issue
L/C may be issued in three ways:
i) By Air Mail
ii) By Telex
iii) By SWIFT
Reimbursement Authorization
In the case L/C issued ` at Sight` basis Reimbursement Authorization to be senior
reimbursing Bank at time of L/C opening if it is nominated in the L/C.
Maintenance of L/C File
For each L/C there should be maintain separate file (Specials file for L/C). All the documents
Submitted by the importer, L/C copies, office copies of vouchers and other relevant papers to
be filed in it. Particulars of L/C and margin to be marked in the respective column the LC
file.
2.21 PARTIES TO LETTER OF CREDIT
Parties:
NOMINATED BANK (INTERMEDIARY BANK) Advising bank
ACCUCAMT OR BUYER (IMPORTER)
BENEFICIARY OF SELLER (EXPORTER)
ISSUING BANK (UC OPENING BANK)
(1) Notifying bank
(2) Confirming bank
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(3) Negotiating bank
(4) Accepting bank
(5) Paying bank
(6) Reimbursing bank
2.22 DUTIED AND RESPONSIBILITIES
1. APPLICANT OR BUYER (IMPORTER):
a) To realize the goods after having the documents,
a) Make payment to the issuing Bank
2. BENEFICIARY OR SELLER (EXPROTER):
a) Shipment
b) Submission of document to Negotiating Bank.
3. ISSUING BANK L/C OPENING BANK:
a) Issue L/C
b) Send to advising Bank/Add. confirming Bank
c) Make payment to Negotiating Bank through Reimbursing Bank.
4. Advising bank/Notifying bank:
a) Confirming the genuineness of the Exporter
b) Advice the Exporter
5.Negotiating bank:
a) make payment if everything is OK
b) Submission of documents to Issuing bank
c) Claim reimbursement to Reimbursing Bank
6. Confirming bank:
a) Confirmation of payment to the exporter
b) Make good payment if issuing Bank fails
7. Reimbursing bank:
a) Make payment to Negotiating Bank
Back to back letter:
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Back to back letter of credit may be defined as a credit which is opened at the instruct and
request of the beneficiary of the original export letter of credit on the strength of that credit.
Back to back is a tram given to an ancillary credit which arises where the seller uses the
credit granted to him by the issuing bank to support another credit granted by the sellers
bank to his suppliers.
Sometimes back to back credits countervailing credits i.e. credit and counter credit.
There are two types of back to back credit:
1) Foreign back to back credit2) Inland back to back credit
Guidelines for Establishing L/C on Back to Back Basis:
1. Only the recognized units of Ready made Garment Industry/Specialized textile
Industry under bonded warehouse system will be extended the back to back facility
for import / procurement of Raw Materials (fabric/Yam) and accessories. The
Authorized Dealers will, therefore, ensure that the industry requesting for availing of
the facility has been recognized by the Textile Division as an oriented readymade
garment/ specialized textile industry and they have got a valid Bonded Warehouse
License.
2. Irrevocable L/C (Export L/C) opened by the Buyers bank conforms to the Uniform
Customs and Practices for Documentary Credit, ICC publication.
3. The Export L/C shall be valid for a reasonable period to cover.
4. Negotiation of the export L/C should not be restricted with other Bank.
5. Payment clause of the Export L/C should be clear and without any ambiguity.
6. Generally the import L/C will be opened to the extent of 75% of the net FOB value of
export L/C and price of goods must be competitive. This percentage may vary
depending on the nature of products as per guidelines of Bangladesh Bank/Ministry of
Commerce.
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7. Interest for the usance period should not exceed LIBOR.
8. All amendments of the Export L/C should be noted down carefully to rule out chances
of excess L/C obligation under import L/C. Opening of import L/C against export L/C
received under Barter/ STA will not be allowed.
9. It should be ensured that there is no other hazardous clause in the Export L/C
2.23 Procedures of Opening of Foreign Back To Back L/C
The following paper/documents are required to be submitted by the exported to Authorized
Dealer for Opening foreign back to back L/C.
i) LCA Form duly filled & Signed
ii) L/C Application and Agreement Form duly stamped and filled up & signed.
iii) Indent/Performa invoice
iv) Insurance cover note with premium paid receipt
v) IMP Form-1 set
vi) Any other document
Along with the a\above papers/documents, original Export L/C must be submitted by the
exporter.
On receipt of the above documents, the Authorized Dealer will process the L/C and perform
the following functions:
i) To prepare an offering sheet as per instruction/guidelines of international Division, HeadOffice.
ii) Offering sheet should contain the following information/data:
- Liabilities of the applicant under different heads
- Past performances of the applicant
- Particulars of the export L/C
iii) Sanction by Branch Manager / Head Office
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iv) Particulars of L/C to be entered in L/C opening register and get the L/C number there
from.
v) The necessary vouchers are to be prepared
vi) The L/C to be typed L/C may be Air mailed or telexed (full text or short). L/C to be
forwarded to the foreign supplier through the Advising Bank.
1. Definition of foreign remittance
Foreign remittance, in sample terms, means money remitted in foreign currency. More
precisely, it is termed as remittance in foreign currency that are received in and made out
abroad.
2. Types
Two types of foreign Remittance:
1. Foreign Inward Remittance.
2. Foreign Outward Remittance
Foreign Inward Remittance:
Foreign currency remitted from abroad may be termed as foreign Inward remittance. That
means, foreign remittance comes in is known as Inward foreign remittance. In a broader
sense, remittance of foreign currency being received from abroad is called Inward foreign
remittance.
Modes of foreign Inward remittance:
T.T. : Telegraphic Transfer
M.T. : Mail Transfer
D.D. : Demand Draft
T.C. : Travelers Cheque
Foreign Currency Notes
EFT : Electronic Fund Transfer
On line Remittance
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T.T.: Cable or Telex instruction of payments is called as telegraphic transfer. When a foreign
bank issues a T.T. in favor of some one in Bangladesh. It credits the amount so received from
the remitter to the NOSTRO A/C. of its correspondent bank. On receipt of the T.T. the paying
bank in Bangladesh will make payment of the proceeds of the T.T. in foreign currency or in
equivalent Bangladesh Taka to the beneficiary.
M.T: Mail transfer means instruction of payment issued by one Bank to other Bank. In other
words, M.T. is an instruments issued by a remitting bank to the paying bank advising in
writing to make payment of a certain amount to the specific beneficiary.
D.D.: A Demand Draft is a negotiable Instruments issued by a Bank drawn on the other Bankwith the instruction to pay a certain amount to the beneficiary on demand.
T.C.: It is an instruments issued by Banks/Co.`s payable to the purchaser on presentation.
F.C: F.C. means Foreign Currency like U.S. Dollar & U.K. Pound Sterling which is a legal
tender issued by Central Banks, value payable on demand to the bearer. A non-resident can
bring foreign currency unto USD 3000/- with out declaration in FMJ (Foreign Money and
Jewelry) form & he can also carry unto USD 3000/- while leaving Bangladesh.
Remittance may be sent from abroad by way of TT/MT/DD which has already been
explained above. A remitter abroad simply has to approach a bank branch their with certain
amount to be deposited beneficiary in Bangladesh either in foreign currency of in equivalent
Taka currency. The Branch so approached abroad usually should have agency arrangement
with the paying banks in Bangladesh. However, in the absence of any such agency
arrangement, remittance may also be made by transferring cover value of the remittance to
the paying banks account abroad by the remitting bank.
Payment Procedures:
Foreign remittances are being paid by banks in Bangladesh in foreign currency. The paying
bank on getting TT/DD/MT observed primarily the following:
1. Verifies the instrument to see that it is in order
2. Verifies the signature
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3. Verifies the test number
4. Convert the foreign currency in taka currency at the prevailing rate fixed by the
Bangladesh Bank/ Rate committee.
5. To obtain C form where necessary
6. Incase of big amount, the paying Branch before effecting payment may take
confirmation from the issuing Bank/Reimbursing Bank.
7. To prepare FET schedule and send first five copies of FET with voucher to Int.
Division of head office of their respective Bank.
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CHAPTER-3
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3.1 Finding
Comparison between Janata bank and standard chartered bank
Interest rate is high In Standard chartered bank (SCB) than Janata bank.
All of the procedures are backdated in Janata bank rather than the SCB.
Services are faster of SCB rather than the Janata bank.
All the account is not getting online services in Janata bank but SCB provides
adequate online service.
SCB emphasize mainly high class people but Janata emphasize on all class of
people.
Employees of SCB are more efficient than employees of Janata bank.
.
3.2 Analysis
Our Innovative Product is Gravel card. This will have master power of currency. The specialfeature of gravel card are-
It will be able to withdrawal any types of currency in anywhere in the world.
It mainly emphasize on exporters, importers, business tourist & higher class of
people.
No transaction cost in own currency & vice- versa for other currency. Approximate
cost charge is .005(.05%/Day)
Annual fee is Tk. 2000/year.
One world one card.
Debit + Credit + Master + more = Gravel card
Credit limit is considered on the customer.
.
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Chapter-4
BIBLIGRAPHY1. Standard Chartered Bank Bangladesh Limited.
www.janatabank-bd.com/index1.html.
2. Bangladesh bank Annual Report-2006
3. The banking Companies, Act , 2006
4. Various lecture sheet of STBL & JBL
5. General Banking, Foreign Exchange, Credit Scheme operation Manual.
6. Dhaka stock exchange Profile.
7. Foreign Exchange Business Profile -2006
http://www.janatabank-bd.com/http://www.janatabank-bd.com/ -
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www.foreignbd . Com
http://www.foreignbd/http://www.foreignbd/