An Internship Report on Soneri Bank Ltd.

Topics: Deposit account, Banking, Bank Pages: 8 (1991 words) Published: March 18, 2011
An Internship Report on Soneri Bank Ltd.

Muhammad Ali Jinnah University


Internship Report At

Submitted by: Mr. Umair Azim ME063005

An Internship Report on Soneri Bank Ltd.

Table of contents

 History  Job Description  Departments, I served  Accounts Opening  Remittance  Clearing  Areas, I learnt  How my internship would influence my career  Conclusion

An Internship Report on Soneri Bank Ltd.

Incorporated on September 28, 1991 the first Branch of Soneri Bank Limited formally opened doors for operations in Lahore on April 16, 1992 followed by Karachi Branch on May 09,1992. The bank now operates with 72 branches spread all over Pakistan including the Northern Areas of the country where no other private bank has ventured so far. Expansion of branches is based on a policy of maintaining a balance between the urban and rural areas with a view to offering services even in the remote areas of Pakistan. Pleasant and sophisticated atmosphere has been provided in the branches which are all fully airconditioned and computerized. The essence of our business philosophy is to cater to the banking requirements of small & medium sized entrepreneurs, providing them qualitative & competitive services with emphasis on encouraging exports. Nearly forty percent of our credit portfolio is related to export financing and credit decisions are taken within 48 hours that is why we say: We have more time for you

An Internship Report on Soneri Bank Ltd.

Job Description
I worked at Soneri Bank Limited, MB Sadder RWP. as an internee. The bank Manager told me about the rules and regulations and a brief history of the bank. Later on, he told me the basics of some operations of the departments in the bank. Though, I was supposed to serve in all possible departments, yet I served the Accounts department the most.

Departments, I served
During my internship at SBL, I got a chance to work in three main departments. These are: • • • Accounts Opening Remittance Clearing Department

An Internship Report on Soneri Bank Ltd.

Accounts Opening
Current Account Current is a non profit account, flexible account with a great convenience for individuals (in single or joint names), minors (to be operated by the guardian), charitable institutions, , limited companies, firms, associations, educational institutions, etc. Current account can be opened with a minimum amount of Rs. 10000/- (Rupees Ten Thousand). Rs. 25 will be deduct per month form account if balance decrease from Rs.10000. Current Account entitles account holder to avail amazing facilities such as: • • • •

No limit on a number of transactions Free Cash Deposit and Withdrawal facilities through your bank branch Free Clearing facility to deposit cheques of other banks within the city Free Online Funds Transfer through Cheques to any account across Pakistan through your bank branch Online Cash Deposit, Withdrawal and Funds Transfer through cheques from any of our branch across Pakistan Remittance facilities such as Payment Orders, Demand Draft, Telegraphic Transfers Rupee Traveler’s Cheque through your bank branch Import, Export and other business transactions Standing Orders facilities Safe Deposit Locker at designated branches Statement of Account on six monthly basis Usage of Electronic Banking through: o

• • • • • • •

ATMs across Pakistan owned by Soneri Bank and other banks

An Internship Report on Soneri Bank Ltd.
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Shopping/purchasing/payments through outlets displaying ORIX sign Free Online Cash Withdrawal facility upto Rs. 300,000/- from designated branches without Cheque Book Free 24-hours Telephone Banking and Call Centre facility Free 24/7 Online Funds Transfer to any customer of Soneri Bank through ATMs owned by Soneri Bank 24/7 Online Inter Bank Funds Transfer through ATMs owned by Soneri Bank to any account of increasing list of enabled 1 LINK member banks Free 24/7 Internet Banking to view...
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