General Banking Department
General Banking consists of the management of deposit, cash, clearinghouse, bills, account opening, security instruments handling, customer services, locker facilities and other ancillary services of the bank beside Advance and Foreign Trade.
How to open Current Account of a Partnership Firm The account of Partnership Firm: As per Partnership Act, 1932 “PARTNERSH1P’’ is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all. Persons who have entered into the partnership with […]
Read more
7 Steps to Open a Bank Account: A Complete Beginner’s Guide Opening a bank account is one of the most important financial steps in modern life. Whether you are a student, job holder, business owner, freelancer, or someone opening an account for the first time, a bank account helps you […]
Read more
DPS of All Bangladeshi Banks – Features, Interest Rates & Comparison (2025) A Deposit Pension Scheme (DPS) is a fixed monthly deposit plan where individuals save a certain amount every month for a specific tenure, typically ranging from 3 to 10 years. At the end of the term, the depositor […]
Read more
Bank Draft: Comprehensive overview Introduction : Banks remit funds from one place to another through the network of their branches. The main instrument for remittance of funds are bank drafts, mail transfer, telegraphic transfer and traveller’s cheques. Here, we will focus are attention on features and operational aspects of bank […]
Read more
Clearing: Definition-Types-Steps-Benefits-Limitations Ever wondered how money moves so smoothly between banks, stock exchanges, or businesses? The secret lies in a process called clearing. It might sound complex, but it’s something we interact with more often than we realize—whether paying for your morning coffee, transferring funds, or trading stocks. In this […]
Read more
NFC Deposit Account NFC Deposit account means Non-Resident Foreign Currency Deposit A/C NFC Deposit A/C A/C At a glance Authorized dealers may open F.C A/C in the name of the followings persons without prior approval from Bangladesh Bank. All Bangladeshi Nationals/persons, including those having dual nationals / ordinarily residing abroad […]
Read more
The procedure of account opening of local bodies The procedure of account opening of Local Bodies/Authorities, Club, Association, Society & School/College Accounts of local Bodies/Authorities: A banker has to exercise care/caution in its dealing with accounts of local Bodies/Authorities, like the account of any Govt. or Semi-Govt. Organization (Autonomous Bodies […]
Read more
Common Irregularities in General Banking Common Irregularities in General Banking department of a Bank Common Irregularities in GB Cash department • Vault Limit exceeded. • Time of movement of cash to and from the vault is not being mentioned /recorded in the vault register. • Entry for inward and outward […]
Read more
How to open a Partnership Account? 1. Account opening form of a bank to be filled in and signed by the account holder 2. Introduction by an account holder with signature and account number or any person which is acceptable to the bank 3. Two copies of recent passport size […]
Read more
ATM is automatic teller machine (ATM) ATM is automatic teller machine (ATM): ATM is the acronym of automatic teller machine (ATM),which is also known as an automated banking machine (ABM) in Canada, is a computerized telecommunications device that provides the clients of a bank or financial institution with right of […]
Read more