Clearing Clearing is the process of collection of proceeds of instruments of different banks by a collecting bank through some systematic procedures with the involvement of Central Bank. Types of instruments: Cheques (CD, SB, Loan) Demand Draft Payment Order Others Related Terms: Crossing Clearing Stamp Endorsement Clearing […]
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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.
NFC Deposit Account
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 […]
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