AN INTERNSHIP REPORT

ON
[JS Bank of Pakistan Wazirabad Branch Disst.
Gujranwala]
Internship Report Submitted to Faculty of Management and Administrative
Sciences in Partial Fulfillment of Requirements for the Degree of
Master of Business Administration (MBA or M.B.A.)

Submitted By:
MBA (3.5 Years) Finance
Session

(2011-2015)

UNIVERSITY OF GUJRAT
Date of Submission 18/09/2013

Name of Program Coordinator:

Signature of Program Coordinator: ____________________

 Dedication
I dedicate to my dear Parents, Bank staff member, University Of Gujarat
and my respectable Teachers whose guidance is always with me.

Acknowledgement
First problem that every student faces is the choice of a organization for
internship. I am thankful to my friend Bilal Altaf for helping me out in time of
disorder. I am thankful to UOG for give me this chance. During our course I had
a real chance to learn from his huge knowledge and vast knowledge. I would like
to thank all those persons who helped me in finishing my project work. I am
thankful to one of my friend Mr.Naveed for his helpful attitude during the
achievement of my report.
I am very thankful to staff members. I am thankful to the Bank Manager,
Ch. Siadat Hassan Qureshi

Branch Wazirabad. He guides me during my

internship from 15.07.2013 to 31.08.2013. Finally I am thankful to the most

gracious and Almighty Allah who gives me the power that I perform my mission
with powerfully.

 Table of Content
Serial No.
1
2
3
4
5
5.1

5.2
5.2.1

5.2.1.5

5.2.2
5.2.3

5.2.4

Description
Title Page
Internship Certificate
Dedication
Acknowledgement
Table of Contents
Executive Summary
Introduction, overview and structure of organization
Brief Introduction of The organization Business sector
What is Bank
Overview of the Organization
Brief history
Evolution of Banking in Indo-Pak Sub-Continent
Present status and history
Vision & Mission Statement
JS vision Statement
JS mission Statement
Branches Network
Nature of the organization
Business volume, reward honors & success Stories
Business volume
Reward honors & success stories
Products and services

5.2.4.1

2
3
4
8
9
9
9
11
11
11
15
17
17
17
17
17
18
18
18
20

Rupee plus account

21
21
21
22

Rupee current account

Pls rupee saving account

22
22

Rupee basic banking account

Rupee fixed charges
Foreign currency account
Loans and running finance
Western union home remittance
Internet banking
Services

23
23
23
23
23
23
24

Demand Draft

24

5.2.4.2

Products
Kamiyab business
Retail banking

Page No.

WIFT System

24

Letters of Credit

24

Cheques

24

Payment Order

25

Mail Transfer

25

Foreign Remittances

25

Short Term Investments

25

PEST Analysis
Political (Includes legal &Regulatory)
Economic
Social
Technological
Role of JS in economic development
Organizational Structure
No. of Employees
JS of Pakistan, Head Office
Hierarchy of JS
Introduction of all Department
Cash Department
Clearance Department
Advance Department
Remittance Department
Deposit Department
Account Opening Department:
Credit Department
Government Department
Comments on the organization structure
WORK DONE BY ME
Branch Introduction
Branch Profile
Branch Hierarchy
Starting and Ending Date of Internship
Supervisor
Weekly time Table

26
26
26
27
27
27
28
29
29
29
30
30
30
31
32
32
32
33
33
34
35
35
35
35
36
36
36

Detailed Description of the Department in Which work

Account opening department
Current Account
Saving Account

39
39
40
40

5.2.5
5.2.5.1
5.2.5.2
5.2.5.3
5.2.5.3
5.2.6
5.3
5.3.1
5.3.2
5.3.3
5.3.4
5.3.4.1
5.3.4.2
5.3.4.3
5.3.4.4
5.3.4.5
5.3.4.6
5.3.4.7
5.3.4.8
5.3.5
5.4
5.4.1

5.4.2
5.4.3

5.4.4
5.4.4.1

5.4.4.8
5.4.5
5.5.6
5.4.6.1
5.4.6.2
5.4.6.3
5.4.6.4
6
6.1
6.2
6.3
6.3.1
6.3.2

Fixed Account
Precautions necessary to open an account
How to open an Account
Procedure to open an account
Documents to be attached
Issuance of cheque book
Payment of cheque
Cheque cancellation
How to close to Account
Advance Department
Loan against gold
Procedure for advance loan
Government Department
Pension payment Documents required
Payment of Pension
Remittance Department
Demand Draft
payment Order
Online transfer Money
Clearance Department
In-word clearing Book
Out-word clearing Book
Computer department
Foreign Remittance
Payment of western union
Payment of E-Remittance
utility bills collection
Describe detail of the tasks entrusted me
Summary of learning
Skill and qualification gained from training
What kind of responsibility assign me
Internship will influence your future career
Internship activities and class room knowledge
Conclusion of the report
Summary of training experience
Observation about JS
SWOT analysis
Strength
Weaknesses

41
41
42
42
43
45
45
46
46
46
47
47
48
48
49
49
49
50
50
51
52
52
52
53
53
53
53
54
55
55
56
57
57
58
58
59
59
59
60

6.3.3
6.3,4
7
8

Opportunities
Threats
Recommendations
References

60
61
61
62

5.4.4.2

5.4.4.3

5.4.4.4

5.4.4.5

5.4.4.6
5.4.4.7

Executive Summary
In order to understand my knowledge and effective skills, I have performed 6 weak
Internship at JS Bank of Pakistan, Wazirabad branch. The purpose of the internship was
to survey the issues related to finance and the completion of financial conditions, which
I learnt from my course books. In this report, I have given a very lengthy analysis of
what I have seen and felt during my Internship in Loan department, cash clearing
account and customer service I have mentioned all of my dynamic and reactive
education in my Internship report. During my internship, I wind up the strengths of the
organization as good energetic location, online banking, routine process and big place.
According to my inspection during internship the JS maintains an brilliant location in
banking sectors in Pakistan and this is based on the generally presentation of JS Bank
of Pakistan. The objective of this Internship was to survey the issues linking to Finance
and to find out evils about the academic concepts with sensible practice working in an
organization during the internship and study the system of JS Bank of Pakistan.
According to my information there are much possible perfections, which we can make
positive changes in the system of JS in future years.
Additionally, I have discussed regarding my learning skills and capabilities in the
whole permanent status that is all about the Operation behavior banking Terminologies
and working actions of Finance sector. I have made it possible to write each and every
thing that I have learnt over there. I have all my useful hard work in the form of these
documents thats the asset for my future line of business.
In this report the full investigation of the organization has been complete and the
economic, technological, management and strategic aspects have been evaluated to
examine the current location of the organization. All the information in this report is
based upon my inspection, interviews and useful connection in unlike tasks through my
internship at JS.

INTRODUCTION
JS Bank Limited has been produced after the combination and merger of
Jahangir Siddiqui Investment Bank Limited and commercial banking operations of

American Express Bank Ltd Pakistan. JS Bank Limited commenced operations in

Pakistan as a totally programmed bank onDecember 30, 2006. JS Bank Limited
also has a major trader warrant for government secu ritie s sta rting the State
B ank of Paki stan . JS Banks hea rt is to gi ve a quali t y andin no va ti ve
choice o f ban king mili ta r y and go ods. The Banks ke y be ha vi or can
be categorized into three Business Units:

Trade and Consumer Banking

capital
Corporate & Commercial Banking
Investment Banking

OVERVIEW OF ORGANIZATION AND ORGANIZATION

STRUCTERE
5.1 Brief introduction of the organization
It is an climbing duty to copy the foundation of word bank. Some people think
that banco is the foundation of bank. Banco means a work surface. The untimely
bankers had finished their business on the benches in Lombardy-Italy. There are others
who say that back is the beginning of it. It is a German word and means a joint stock
finance. There is no record for inspection the right judgment. We can speak

The Bank is a man who lends you an sun umbrella when the climate is light and
takes it missing when it rains.

What is Bank
A bank is an organization for the keeping, loan or exchange of money for
sanction credit, for transferring money by house foreign bills of exchange. It is a channel
during which currency moves into and out of flow. As it is clear from the definition of
banking, the main movement or function of banking is borrowing and lending of money
with a scope of increase. However, as far as the current day banking is disturbed, there
are a number of special banks, set up under specific different objectives, performing
arts a variety of functions.

 According to KINELY
A banker is an organization which receives deposits and advances loans.

According to GILBERT
A banker is a trader in investment or more correctly a trader in money. He is an
agent party between the borrower and the lender.

According to CROWTHER
A bank collects money from individuals who have it extra or who are save it out
of their incomes. It lends money to those who need it.

According to COULBARN
Banks are a variety of firms for the safe keeping of money and to granting and
transferring of credit.

Overview

of the Organization

5.2.1 Brief History

Evolution of Banking in Indo-Pak Sub-Continent
Indian civilization was reasonably common with the bank, right at the opening.
There is also enough proof to show that the people during the fifth century were
adapted to the use of hunting dogs as an savings loan, And whenever people loans
beside securities and other personal stuff and goods and other material goods.

Present status and history

JS Bank of Pakistan maintains its location as the bank of Pakistan Prime Minister
is resolute to set higher principles of achievement. Which is a main trading colleague of
the Government of Pakistan, with a exacting focus on promoting financial development
through violent lending policies and balanced Pakistani and technology-oriented
branches? The JS Bank of Pakistan came into survival on 20 November 1949 with the

National Bank of Pakistan NO.21 judgment of 1949.It is a quasi-public bank such as

banks and other businesses. consequently, receives funds from depositors and
provides loans / praise services in all sectors such as industry, trade and cultivation It
also acts as an manager of the Central Bank and working in places materials where
there is no branch of the State Bank of Pakistan there. JS of Pakistan also public sector
along with other banks, in January 1974 Wazirabad joint bank also in this bank. In 1999
the JS celebrates its golden anniversary during the past fifty years the bank has taken
significant

steps

in

the

economic

services

industry

in

Pakistan.

In 1999, the market share of 22% and ruins the largest financial institution in Pakistan.
Following is the brief the past of JS Bank of Pakistan

Vision & Mission Statement

JS vision Statement
To provide quality and innovative range of banking services and products to our
customers by a highly motivated team of professionals maintaining returns to our
shareholders.

JS mission Statement

To be a fa vo ri te partne r o f ou r cli entele b y p ro vi ding comple te

fina ncia l sol ution s exceeding service outlook, though a single
connection via conservative and non conservative, conveniently easy to
get to sharing channels.

Branches Network
ONLINE BRANCHES
JS SWIFT Network
Customer
facilitation
Centers
OVERSEAS BRANCHES
No. of ATMs
Islamic banking

1286
13
16
23
203
8

5.2.2 Nature of the organization

JS Bank of Pakistan is a banking institute, a public limited company

programmed in Karachi Stock Exchange (KSE), Islamabad Stock Exchange (ISE), and
Lahore Stock Exchange (LSE).

Business volume, reward honors & success Stories

Business volume
Annual Report 2012
(Rupees in Millions)
Total benefit

leave
Advance
savings
investor justice
Pretax Profit
After income tax profit
income per share
figure of division
quantity of worker

1149578
927421
525046
319531
110520
26011
17605
10.47
1300
16924

Reward honors & success stories

3rd Global person Resource brilliance Award 2012 Administered by Global

Media Links in teamwork with Better Pakistan.

"Planned in top 1000 banks of the world for the year 2012 by the world
famous The Banker publication owned by the Financial Times Group, London.

2nd Global Human Resource brilliance Award 2011 administered by Global

Media Links in teamwork with Better Pakistan.

Pakistan: operation of the Year Award 2011awarded by Islamic Finance

News, for two wind farm projects of 50MW each in which the bank acted as

global inter-creditor manager (for the Islamic Development Bank, the Asian
Development Bank and syndicate of local banks).

operation of the Year Award 2011 awarded by CFA relationship of

Pakistan for the private situation and offer-for-sale of Engro Foods Limited.

"Bank of the Year" award for the year 2011 by the world celebrated "The
Banker" magazine owned by the Financial Times Group, London

"Top commercial Finance House (Fixed Income) Award of the Year 2011"
awarded by the "CFA relationship of Pakistan". JS Bank of Pakistan Awarded

Best rising Markets Bank 2011Awarded By Global Finance Magazine

Bank of the Year awarded for the year 2010 by the world well-known The
Banker magazine owned by the Financial Times Group, London

"candidate up of Corporate Finance House (Fixed Income) Award of the

Year 2010", awarded by the "CFA organization Pakistan".

JS is awarded President of Pakistan Trophy, a top opening award by

partnership of Pakistan chamber of Commerce and production in 2010.

JS is awarded Prime Minister of Pakistan Trophy, a top opening award by

Lahore Chambers of Commerce and Industry in 2010

Among the international most important banks, JS is the only Pakistani bank
appear in top 500 banks of the world in The Banker magazine owned by the
monetary Times Group, London

Bank of the Year awarded for the year 2008 by the world renowned The
Banker magazine owned by the economic Times Group, London

Worlds Best overseas substitute Bank 2008 awarded by worlds important

monetary journal international Finance

Best Return on Capital for 2006 between all Banks in Asia. - Banker
Magazine in July 2008.

Products and services

 Products

Business

 KamiyabBusiness
A host of free military and benefits make the kamiyab business account the
perfect catalyst for the growth of small and large business alike.empover your business
to achieve more with the kamiyab business account.

Features:

Free online inter-city funds transfer

Free returned cheque(external)

Free demand draft and pay order issues

Additional free services upon maintenance of PKR 50,000 monthly average
balance includes:

Counter cheque

Collection cheque

Retained mail

Stop payment

Cheque book issuance(25 leaves)

Telex/postage

Statement issuance

Balance certificate

Small locker

Visa debit card issuance

Visa debit card annual free waiver

Retail Banking

Retail Banking at JS Bank offers a selection of products and services for

both depositors and borrowers at aggressive rates. Please call or visit
our Retail Banking team to discuss your financial needs. You may take a
photograph of the Products & Services in the menu on the left-hand side of the
screen. To get additional details, please click on to the specific Product
or Service. Please note that Zakat, w/tax, or any other tax/ situation are
related as per policy.

Rupee Plus Account

A high yield saving account for the discerning investor that calculates your profit on a
daily basis and credits it to your account every month. Get more from your money with
the JS bank rupee plus saving account.

Features:

Profit considered on daily basis and paid monthly

No restrictions on deposits and withdrawals

Free online inter-city funds transfer

Free return cheque(outward)

Free demand draft and pay order issuance

Additional free services upon maintenance of PKR 250,000 monthly average
balance includes:

Counter cheque

Collection cheque(Local)

Retained mail

Stop payment

Cheque book issuance(25 leaves)

Statement issuance

Balance certificate

Small locker

Visa debit card issuance

Visa debit card annual fee waiver

Rupee Current Account

A non-profit behavior account principally for individuals and companies having large
turnover of cheques. No minimum stability is required to open an report

Boundless contract account with inspection capability.

ATM/ Debit card ability.
Nationwide banking capacity

PLS Rupee Savings Account

Account for small businesses and persons wishing to produce extra profits on
their money. Account can be opened with Rs 5,000/= with follow features.
boundless communication account with examination ability

Profit accrues on monthly lowest amount balance and disburse into the account
six-monthly.
ATM/Debit card skill.
Country large banking capacity.

Rupee Basic Banking Account

Rupee account that can be open with Rs 1,000/= as least amount balance
obligation. Ideal for rewarded persons and persons with low transaction revenue
require.

No transactional charges up to 2 deposit transactions & 2 checking withdrawals.

No minimum balance requirements.
No charges to maintain the account.
Country wide banking facility.

Rupee Fixed Charges

Avail fixed deposits crop with special tenor and aggressive rates. You can place
your idle deposit accessible in Current, finances, Kamiyab or Rupee Plus
account and harvest the benefit of most favorable arrival.

different tenors
Expenditure of profit base upon your alternative.

Foreign Currency

Account

Current & Savings balance sheet in USD, hammer Stage, and Euro are
presented.

Loans & Running

Finance

We offer operation finance & Loan services against Deposits and Govt. of
Pakistan securities to be used as guarantee. A committed Relationship officer
will seem after all your credit wants.
rapid payment
workable duty

Western
Union
Remittance

Home

Fast and reliable way for receiving money transfer from across 190
countries & territories worldwide.
No bank report wanted.
standard money transfer are generally offered within notes for pick up by the
receiver
Receive inner payment from everyplace in the world.

Sale & Encashment of Govt. Of

Securities

Pakistan

We are certified agents to trade and encase Govt. of Pakistan securities

(Defense saving certificates & Special savings certificates.) Our report
holder can reward this ability from our any of the branches.

Countrywide Account Operation

You ca n acti vate yo u r accoun t from an y o f the b ran che s of JS

B ank Limite d. We ha ve aggressive strategy to increase our area office
system giving our clients a wider branch network.(subject to support from
narrow establishment.)
Deposit & remove cash
Issuance of Pay orders & Demand draft.
announcement of account printout

SWIFT transfer

condition of the art overseas money account funds transfer system. From
Pakistan to overseas and vice versa. Local system be relevant.

State of the art SWIFT mode of expense, ensure funds transfer in straight time.
safe and competent freedom system for inner and external expenditure

Utility Bills payment

P ubli c can easi l y de posit Ele ctri cit y, Sui ga s & PTCL bil ls a t an y o f
ou r ban k' s branches.

Hassle free
relaxed environment
No need to continue bank account

9 to 5 Non-stop banking
We offer 9 to 5 non-stop banking armed forces at our cash counters (for
Pak Rupee transactions only

9:00 A.M to 5 P.M (Monday to Thursday)

9:00 A.M to 12:30 P.M & 3:00 P.M to 5:00 P.M (Friday)
9:00 A.M to 12:30 P.M (Saturday)

JS Auto Financing
JS Bank

CarAamad
is an repayment based lend which will be comprehensive to persons as well as
businesses for buy of new/used/imported vehicles.

Product Benefits & Features

Quickest & Hassle-free processing

Personalize military
Low losing sum {as low as 10% }
bendable possession 1 - 5 years
First Year indemnity Financing/ up front
Early conclusion option { supposed Charges apply }
Co-Borrower ability
No -hidden Charges
Step-up & Step-down facility
Free Tracker Device No monitoring charges
Replacement of Financed means of transportation
Financing 150,000 to 3,500,000
No down payment & giving out fee previous to agreement
Cash your car at 75% money

expand Payment facility We believe in distribution the joy of our clients by giving
them repayment, which are aimed at making consumers car buying knowledge an
moving occasion.

Eligibility

Pakistani nationalized
Salaried OR Self-employed
smallest amount 20 & Maximum 65 Years Old (for business/self-employed
persons)
lowest amount 21 & Maximum 60 Years Old (for paid persons)
least net salary 12,000
1 month 1 year employ (situation apply) or 1 year industry

Power Speed Loan

best approval in city, within 120 mines (situation apply).

Payments
1. No Down sum before agreement
JS Bank is the fast and hassle free route to the car of your selection. donation no
down payment and processing charges till your submission is accepted.

2. PAYS (Pay as you wish)

JS Bank offer you flexible payment plans (Balloon expenses).
Walk UP
You can plan your own repayment plan with settlement increasing every year,
opportunity with lowinstallments to go with your cash flow.
Walk DOWN
Step down allows you to pay advanced at the opening with your
r e p a y m e n t r e d u c i n g i n subsequent years. Payment during the period of the credit
ruins reasonable.

3. Processing Charges
A processing charge of Rs.4000/- will apply after approval.

4. Repayment Options
JS Bank offer you more then one compensation option.

PDCs: You can pay back your loan via PDCs (job old Charges).
AADI:
Auto Account Debit education
W here yo u can pa y ba ck yo u r loan in a person al account open for
your Auto Loan capability.

5. Early agreement Option

We offer you an early agreement option with a supposed 5% charge of the outstanding
standard.

Insurance & Tracker

JS offers you the following insurance options

Comprehensive indemnity
indemnity financing for the first year/ up front insurance

Enjoy security and complete peace-of-mind as JS auto loan becomes the product which
offers you a free Tracker device installed in your car.

Markup Rates
JS Bank offers the car financing facility at the markup rates initial from as low as 15%
per annum.

Documents Required

CNIC (copy)
Current pay slip
Bank report for last 6 months.
Last service Bill
NTN (National Tax Number only for businesses)
evidence of business/listing (self-employed)
identification size photograph incase of CNIC with thumb feeling

Coming Soon

individual Loan

Mortgages

Muhib-e-Watan
calculated in particular care in view the needs of the beneficiary of foreign
remittances, the JS bank Muhib-e-Watan account give you great benefits and a
improved rate of go again.

Features:

huge profits, paid every month

Account tailored specially for Muhib-e-Watan account holder

Fast and easy account opening

Account opening with just PKR 5

In agreement with the state bank of Pakistans PRI program-funds from

anywhere in the world may be transfer to the Muhib-e-Watan account

Amounts from any bank account may be transfer

In addition, avail the following benifits fee of charges:

Issuance of cheque book(25 leaves)

Issuance of JS Bank visa debit card with yearly fee waiver

Pay order and demand draft

Telebanking

Returned cheques

RoshanKal
Be ready for any face life throw your way, with JS Bank Roshankal,an investment
plan that gives you the dual benefit of attractive returns plus a important sum of
life insurance treatment. So step up and busy life to the max,as we have you
enclosed for the likely and the unexpected!

Features:

Fund collection choice

The longer the plan is nonstop the top the returns

elasticity to top-up savings by deposit surplus money

Enjoy a definite life guarantee security

Option to withdrawal your full or incomplete savings after payment for two
full years

Extra benifits consist of:

increase protection

extra term guarantee

unintentional death and disability benefit

relations profits benefit

Life care benefit and waiver of top

Internet Banking
Log on to a world of perfect convenience and continuance with JS bank internet
banking. With state-of-the-art security, an ever rising list of services and a host of
benifits benefitting all types of account holder, exceptional banking is now at your
fingertips.

Features:

Online account report

Pay order, cheque book and paper report request

contribution of e-statements and sms alert

Real-time fund move (inter-bank and internet)

Utility bill expense examine(UBPS)

Standing orders

Sms alerts

e- statement

Be on top of all movement in your account with the js bank sms alert service.
with your mobile phone in hand you are never for missing from care track of
all that goes on with our comprehensive list of communication enclosed. And
if that is not sufficient get a birds eye outlook at any time or regularity of your
choosing throughout JS bank e-statement.

Features:
accept an alert for all dealings including branch deposit withdrawal, ATM
cash withdrawals , cheque payment, account balance, inter-bank fund
transfer(IBFT), cash deposit and telebanking.
decide any regularity f e-statements:
every day
Weekly
Fortnightly
Monthly
Semi-annually
Or annually

2 Services
Demand Draft
If you are looking for a secure, immediate and dependable way to move money,
you can now buy JS bank Demand Drafts at very sensible rates. Any person whether an
account holder of the bank or not, can purchase a Demand Draft from a bank branch.

SWIFT System
The

SWIFT

system

(Society

for

Worldwide

Inter

bank

Financial

Telecommunication) has been introduced for quick armed forces in the area of home
remittance. The method has built-in features of programmed test keys, which eliminate
the manual application of tests that often cause delay in the payment of home
remittance.The SWIFT Center is ready at Js Bank of Pakistan with a collective right of

entry number JS-APKKA. All JS abroad branches and abroad newspapers (over 450)
are picture remittance during SWIFT.

Letters of Credit
js is dedicated to contribution its business clients the widest range of options in the
region of money convey. If you are a profitable project then our Letter of Credit examine
is just what you are looking for. With aggressive rates, security, and easiness of
transaction, JS Letters of Credit are the most excellent way to do your business
connections.

Cheques
We are moving back money from his account by printed cheque of report.

Payment Order
If the client or account owner needs to make payment within the city, then this is
complete through P.O. It cant be cancelled without the permission of mutually parties. js
provide another cause to move your money using our services. Our pay instructions
are a safe and simple way to move your currency from one place to one more. And, as
common, our charge for this service is really aggressive.

Mail Transfer
It is quicker mode of transfer money than demand draft. Mail transfer is the inter
city transfer of money among two branches of a bank, through mail/currier. Move your
money securely and rapidly using JS Mail move service. And we also present the most
spirited rates in the marketplace.

Foreign Remittances
To make easy its clients in the area of Home remittance, js Bank of Pakistan has
taken a number of actions to:

raise home remittances through the banking system

gather the SBP commands/orders for timely and timely delivery of remittance to the
beneficiary

Short Term Investments

JS now offer brilliant tax of profit on all its short term asset accounts. Whether you
are look to invest for 3 months or 1 year, js charge of profit are exceedingly goodlooking, along with the safety and service only js can give.

5.2.5 PEST Analysis

In conduct PEST investigation, it is necessary to think each PEST factor as they all
participate a part in shaping the generally business situation.

Political (Includes legal &Regulatory)

Election in Pakistan, labor law, consumer protection, environmental principles, and
system on the manufacturing, fight rules, and family members between countries /
situation, wars, bombing and political trend, and government management, may be
affect by taxes and government structure in our business. When the government
changes, there may be changes in labor laws, in the event that the government should
not be a wage raise will involve our business. If the government and leadership for
change, then it can impress a far above the ground tax rate. Every day we hear about a
bomb blast in the area and many people were killed in the blast. This is also not a good
symbol for our big business.

Economic
In Pakistan, and trend in financial development, duty, and the level of community
spend, throwaway profits, and development in the employment / unemployment, barter
rates, tariffs, price rises, and prices bring in sell abroad, and levels of presentation may
be simple and high prices affect our business. The economic position in Pakistan is a
stoppage major challenge opposite Pakistan economic and improved deficiency and job
loss, and the fiscal deficit and the high and low investment has been inferred internal
break down of goods down with improved order and higher import prices to reason an
increase in price increases to 12 percent in 2009-10 percent and 25 in the first part of
last year. High charge of deficiency, joblessness and inflation has a depressing shock
on our production.

Social

Demographics (grow old, sex, event, relations volume etc.), and changes in way of
life, changes in people, culture, trend, fad and variety, migration / migration, physical
condition and quality of life and trend home, style, and the place of the work, can
consider, and work and earn ability have a important shock on our business. Pakistani
people are indifferent for the acceptance of European style.

Technological

Can globalization and the technological revolt and invention, discovery and
investigate, and power application / petroleum / source and transportation, construction
development and the PC, the Internet, and transport, etc. affect our big business.

5.2.6 Role of JS in economic development

Banks participate an significant role in promote financial behavior and financial growth
of the nation. Manufacturing, cultivation business, deal and much other financial
behavior rely greatly on banks. Banks help in the draft of funds. It also helps help the
increase of family income for growth of loans to deposit and asset product. Banks not
only save people's investments, but also give loans for the growth of trade, commerce
and do business The JS play an vital position in the finance and progress activities in
Pakistan. Help in the development of the financial system in all area of our nationwide
life. This has contributed considerably to the financial growth of the nation, and work in
trade and developed in a large area of process. JS was the first to go into the Bank
credit organization for small borrowers and farmers etc. second, toward promote
agriculture open-minded development of bank credit for cultivation and country growth.
Small short-term loan decided to farmers lacking significance. These development may
be in the form of seed, fertilizer and tools JS able to draw a large figure of deposit
through its branches in all part of the state many, and thus clever to give a lot of
recognition to a variety of sector. JS also give financial support for little manufacturing
for five years, credit services have been introduce to the
People for the normal national in a wide range and more liberal than before. The
main object of this plan is to make a payment in structure a rising country. JS also help
to give confidence the organization of new business through payment of share. Bank

also contributes to foreign trade wages, but the business of foreign trade in Mexico and
overseas.

Organizational Structure
5.3.1 ORGANIZATION CHART OF JS BANK OF PAKISTAN
DESIGNATIONS FO HIGHER LEVEL OFFICERS
PRESIDENT

SENIOR decision-making VICE PRESIDENT

GRADE 22

EXECUTIVE VICE leader

GRADE 21

VICE leader
GRADE 20

ASSISTANT VICE PRESIDENT

GRADE 19

GRADE I OFFICER
GRADE 18

GRADE II OFFICER
GRADE 17

GRADE III OFFICER

(GRADE 16)

5.3.2 No. of Employees

According to annual report 2012
Total number of employees

23000

5.3.3 JS Bank of Pakistan, Head Office

Head office of JS Bank of Pakistan

1st Floor, Sheehan Commercial Complex, Dr. Ziauddin Ahmed Road, Karachi, Pakistan
JS Bank of Pakistan, Head Office
JS Building,
Phone: 556605847
Email: enquiries@jsbank.com.pk
Url: www.jsb.com.pk/

5.3.4 Introduction of all Departments

Departmentalization
In-between an association
departmentalization.

into

special

parts

according

These are the following departments Explain it.

Cash Department
The most significant section in the bank is Cash section.
Cash section performs the subsequent function.

getting Cashier Books

Token Book

Paying Cashier Book

to

the

function

is

called

Scroll Books

Cash Balance Book

Receipt
The money, which also come or goes out from the bank, its proof must be reserved.

Payments
It is a bankers main contract to pay back money traditional for this customers account
generally by worship his cheques.

Clearance Department
Following are type of cheques composed for clearing:
clearance cheques
Transfer cheques

Collection cheques

.Bank is get ready two book for record of cheques

In-Word Clearing Books

Out-Word Clearing Book

Advance Department

Advances section is one of the mainly receptive and important department of the
bank. The major part of the income is earned through this section. Every bank has a
department which advance money to borrowers.

Principles of Advances
There are five principle, which must be accordingly practical while advance money to
the borrowers.

Safety

Liquidity

Dispersal

Remuneration

Suitability

Forms of Loans
In adding to buy and discount of bills, bankers in Pakistan usually lend in the form of

cash money, overdrafts and loan. JS provide advances to unusual people in different
ways as the case order.

Cash Finance

Overdraft/Running Finance

Demand Financing/Loans

Remittance Department

Allowance means a sum of cash sent in payment for impressive This department
deal with either the move of money from one bank to other bank or from one branch to
another branch for their clients. JS offers the following forms of remittance.

Demand Draft

Telegraphic Transfer

Pay Order

Mail Transfer

Deposit Department

It controls the following activities:

A/C opening.

Issuance of cheque book.

Current a/c

Saving a/c

Cheque cancellation

Cash

Account Opening Department:

This department is connected to open new the books of the customers and taint
opening of an account is the organization of the connection among the bank and client.
Branches. Following are the types of accounts open in the JS

Current

PLS SNTDR

PLS saving

FC

PLS term

Premium saver

BBA

Call deposit

5.3.4.7 Credit Department

Credit section is linked with other three departments connected to finance i.e.

Trade Finance

Ijarah

Corporate Banking

Government Department
Payment of income also is being complete by this department. Department of
Government segment receive all the regional and central proceeds. JS make payments
to following:

Retired officers of Armed forces

Civilian

Retired officers of PAF and families

Defense civilian pensioners

Others ( KRL, OGDC, PAEC/ PR, RANGERS)

Documents necessary for the income expenses:

Pension payment order

No and date of NIC

Pension book

Photographs of the pensioner

Two example name, thumb and touch feeling.

Comments on the organization structure

Banking division follow the sequence of authority and having particular coverage
necessities require using all level in this pecking order. JS Bank of Pakistan follow flat
organizational structure so better communication among managers and with the junior/ senior
employees .And since of the fewer levels of organization which include benefits such as lower
expenses as manager are generally paid additional than junior/senior employees.

 Regional Manager
Regional manager is on the peak of the pecking order, is liable before the board of
directors for accomplish the bank or organization business in north district according to the
panel set procedure and policy, and accepted events and laws. local manager honestly account
to the country head.

Branch Manager
Branch manger Mr. Mumtaz Ahmed is the dependable for formative the incentives and
plunder of the employees, evaluate their presentation, ensure the sufficiency of their
qualifications-experiences-professional skill, and upward them constantly. BM operate in
agreement with a set come near top all the branch behavior with regard to review and evaluate
all the banking operations it has, providing credit, and various managerial and monetary matter,
as fine. Branch manager report to regional manager from the report to country head.

Operation Manager
All junior/ senior officer report to business manager. Operation manager maintain
organization among branch manager and all junior/ senior officers. Banking sectors prepare
group for the project only in which one section helps other department to hold employees but
not eternally.

Senior Officers
There are four older officers in the branch. Senior officers regarding their department
report to the operation manager. Senior officers of credit report straight to the branch
manager.

5.4 WORK DONE BY ME

5.4.1 Branch Introduction

During my internship in JS Bank of Pakistan I enjoy to work with staff of branch,

Wazirabad Branch from 15.07.2013 to 31.08.2013 and I have a wish employee of js
Bank of Pakistan. in minimum time it was impossible to work in all department and know
to all work in bank but on my request manager are give opportunity I spend two more
week in bank then I was eight week spend in a bank. I am very thankful to branch Sir
Naveed Ali to provide me to good environment in bank.

Branch profile
Branch Name
Branch Code
Address
Phone
Fax Number
Tehsil
District
Division
Province
Status
Email

JS Bank Wazirabad Branch

9047
katcheri chowk, sialkot road, Wazirabad
556605841-4
556605847
Wazirabad
Gujranwala
Gujranwala
Punjab
Online
manager1815@JsBank.com.pk ,
opsmanager1815@jsbank.com.pk

Branch Hierarchy of JS Bank

Wazirabad Branch
Designation
Manager Officer Grade I
AF
Officer Grade II
Casher
Officer Grade II
BBO
Officer Grade III
Messenger

Names
Siadat Hassan Qureshi
Mr. Naveed Ali
Mr. Qasim Abbas
Mr. Atif Saeed
Mr. Noaman

Starting and ending dates of internship

Starting Date------ 15-07-2013
Ending Date------ 31-08-2013

5.4.2 Supervisor

Mr. Naveed Ramzan BBO Grade III

Mr. Haider Ali AF Officer Grade II

5.4.3 Weekly Time Table:

I worked in JS Bank of Pakistan Wazirabd Branch . I completed 6 weeks of
internship and performed many activities there. My weekly time table was as follows.
Department
Account
Opening
Account
Opening
Account
Opening
Account
Opening
Account
Opening

Weeks

Week 1

Date

Day

16/07/2013

Tuseday

17/07/2013

Wednesday

18/07/2013

Thursday

19/07/2013

Friday

20/07/2013

Saturday

Daily Work
Introduction with all the Staff
member of the branch
Introduction to Account
opening Department
Receiving the account
opening form
Receiving the account
opening form
Receiving the application and
issuing Cheque Book

Supervisor Name: Mr. Naveed Ali signature

Department
Account
Opening
Holiday
Account
Opening

Weeks

Date
22/07/2013

Week 2

Day
Monday

23/07/2013

Tuesday

24/07/2013

Wednesday

Supervisor Name: Mr. Naveed Ali

Department
Advance
Advance

Weeks
Week 3

Date
25/07/2013
26/07/2013

Daily Work
Receiving the application and
issuing Cheque Book
Receiving the application and
issuing Cheque Book
Filling cheque and Slips

Signature
Day
Thursday
Friday

Daily Work
Introduction
in
Department
Introduction in Credit

Credit

Advance
Holiday

27/07/2013

Saturday

28/07/2013

Sunday

Department
Loan against gold
Holiday

Supervisor Name: Mr. Bilal Altaf

Department

Weeks

Advance

29/07/2013

Advance
Advance

Supervisor
-------------

Date

Week 4

30/07/2013
31/07/2013

Signature ------------Day
Monday

Daily Work

Tuesday
Wednesday

Loan against Gold

Loan against Gold

Loan against Gold

Name: Mr. Naveed Ali

Department
Government
Government
Remittance

Weeks
Week 5

Remittance

Date
01/08/2013
02/08/2013
03/08/2013

Day
Thursday
Friday
saturday

Daily Work
Pension Payment
Pension Payment
Introduction of Remittance

05/08/2013

Monday

Demand Draft

Supervisor Name: Mr. Bilal Altaf

Department
Remittance
Remittance
Holiday
Holiday
Holiday

Weeks
Week 6

Date
05/08/2013
06/08/2013
07/08/2013
08/08/2013
09/08/2013

Supervisor Name: Mr. Naveed Ali

Department
Clearing
Clearing
Clearing
Clearing
Clearing

Weeks
Week 7

Signature

Date
12/08/2013
13/08/2013
14/08/2013
15/08/2013
16/08/2013

Signature -------------

Day
Monday
Tuesday
Wednesday
Thursday
Friday

Daily Work
Demand Draft
Payment Order
Eid al-Fitr
Eid al-Fitr
Eid al-Fitr

Signature ------------Day
Monday
Tuesday
Wednesday
Thursday
Friday

Daily Work
Introduction of Clearing
Inward clearing
Inward clearing
Outward clearing
Outward Clearing

E
remittances
Western
union
express
money
express
money
express
money

19/08/2013

Monday

20/08/2013

Tuesday

Payments of western union

21/08/2013

Wednesday

Collection and scroll of bills

22/08/2013

Thursday

23/08/2013

Friday

Supervisor Name: Mr. Naveed Ali

Departme
nt
Weeks
E
remittances
Western
union
Utility Bills
Utility Bills
Week 8
Utility Bills

Payment of E remittance

Date
26/08/2013

Collection and express

money
Collection and express
money
Signature -------------

Day
Monday

Daily Work
Payment of E remittance

27/08/2013

Tuesday

Payments of western union

28/08/2013
29/08/2013

Wednesday
Thursday

30/08/2013

Friday

Collection and scroll of bills

Collection and scroll of bills
Give a Party to Bank Staff
and Meeting with Branch
Manager and thankful to all
the staff of the branch for
cooperation during the
Internship

5.4.4 Detailed Description of the Departments in which Work

During the short time phase of my internship in JS Bank of Pakistan, I was

chance to work in these department these are under following

Account opening Department

Advance Department

Government Department

Remittance Department

Clearing Department

Foreign remittance

Utility Bills Collection

The reason was give a faster look the work of whole of banking organization I use a four
or five days in each part to learn more and more staff necessary its community meeting
a great learning knowledge.

5.4.4.1 Account Opening Department

During my internship we start from opening department I learn and practical a lot
of concerning the opening of an account. I think that the opening the account of
customer is suit a good family members between customer and banker. Due to opening
a bank account then become a customer of a bank and a knowledge the essential
obligation and pace that are essential to opening a new account then bank investigation
all the ID and all the necessary information JS give a many put scheme of account
these are the some normally open account following

Current Account

Profit and loss share account

And Fixed deposit account

Current account
This is depend on customer which account opened demand When a bank
believe to satisfying the apply for that is responsibility of bear to pay all check pinched
etc. and the boundary to equilibrium to his report due to natural world these deposit
account the accountability of the bank and the bank of Pakistan are not giving a profit
on this account and the obligation of customer to the smallest amount balance and
deducted the charge on current account service. This is the most significant function of
current account customer are remove money any time from his account there is not any
charges paying to bank in this account not giving profit to customer and not any entry
fee charge from customer. Current account use for fixed put down when customer
opening a fixed account first to open a current accounts that is use for income withdraw
that earn from fixed account. client draws a check on bank and withdraw profit each
month.

Saving account
And the second account is profit and loss economy account customer can open a
saving account the set down a very small amount of cash in saving account not any
service charge paying to bank in this account if a definite amount for specific time time
then bank work out a earnings and give to customer that are salaried after 6 month and
the cheque book issues to customer for the withdraw money from his account. There is
no limit on withdraw from deposit account and not give confidence to needless
withdrawal of deposit that policy allowable the state bank of Pakistan saving plan flor
students in college and institution of higher education and as well as manufacturing
work. And the other reason of encourage the routine of saving in public and the first put
down are very less necessary. And all report are open free of price to client.

 Fixed Account
Third is a fixed account bank are ability to our client of fixed account in this
account bank are fixed a definite amount are set for specific stage and open a present
account for withdraw a earnings every month that is regularly five to ten year.

Precautions necessary to open an account:

Know your customers:
The plan of the information of your clients is to obtain an plan of the economic
capital of the customers, and individuality and universal in order on opening an account.
Bank must have the following information about your customers.

Customer name:
at first enter the name of the customer total and in agreement with the NIC card
and the name of the corporation and according to business papers if a person of the
paid class enters their manager person's name.

Address:
Enter the full address in Business Administration / residential. The customer is
responsibility to provide a valid address.

Contact number:
go into the house and the executive mobile number and e-mail address (if any).

Can confirm the number of banking by give a call or send an e-mail message to him on
the client.

Special instructions:
We obtain all the orders from the client. If the client must not given particular
commands column is deselected by picture a row, and this must not be a blank article in
any condition.

 How to open an account

JS Bank of Pakistan facing to to opening a account I practical the next conditions
to accomplish for open new account.

Account holder is necessity name on account opening structure in the bank.

The necessary the two copy of national identity card customer and two copy of
NIC any other human being for later than innovative account owner to owner an
account.

Bank is lacking give any cause to reject to open an account.

The bank is correct to change a smallest amount balance of necessities.

The smallest amount quantity of balance to open a account for present and
economy five hundred and for fixed account one thousand.

Procedure to open an account

According to my perform in JS Bank of Pakistan when the customer wishes to
open an account bank officer be given a two NIC copies to any other family part and all
in sequence which is essential to open an account by the bank. First the account
opening officer get a NADRA confirmation form the reserve of NADRA and one copy of
confirmation send head office Gujranwala then after endorsement from head office. We
are open account then opening a account from side to side online then download these
account opening form in solid form then name of customer on these form. That are the
basic obligation of JS bank of Pakistan for opening a Account.

Title of account

Full name of candidate

Occupation of candidate

Address of candidate

Phone number of customer

Currency of account

What kind of your business

And introducer name address and signature

And any special ID regarding the account

And to initial put of account

 And the name of candidate.

Documents to be attached
And I study that if you open these account then these ID are required. These
are the special types of accounts.

Joint Account

For opening the joint Account necessary the both human being NIC copies.

Sole proprietors Account

In handle to open an account with JS bank of Pakistan sole owner has to

present their business official document number of listing.

Partnership Firm Account

in order that is necessary submit to be JS Bank of Pakistan in the case of
company firm. These are following necessities

Full name of big business

total address of business

The partner example signature

And the right copy expert of company action

If the company register necessary the registrations figure

Societies and Association Account

The bank are open the accounts of any club and any organization and that are nonprofitable business which are support to civilization and teaching and other generous
reason and any other benefit work some of these welfare association registered through
society act 1886 and these act to give a register certificate after all situation completion.

Specimen Signature
The name of candidate for the reason of safety take on definite in this card mark
a name of account holder and the account number that are problem to customer and

these card scan by the by of scanner and record in our computer for by any time when
require it.

Filing of deposit slip for Cash

file the slide put in his accounts for first amount first trample of branch on peak on

slip then write the name of account then write Account Number, write the quantity that
put and signature of saver.

Filing of Deposit slip for Cheque

First stomp of branch on top on slip then write the name of account then write

Account Number, write the name of these bank that cheque put, and write the number
of cheque and name of saver.

Zaqat Affidavit
If the customer gives a Affidavit paper of zaqat then no zaqat are deducted in his
account if these affidavit not give the on 1st ramdan deducted zaqat every year.

Letter of Thanks
Letter of appreciation is the latter issue by the bank to the client for two purpose
1st purpose is to say appreciation to the client for opening the account in their bank 2 nd
reason is to verify the speak to provided by the client while opening the account.

Issuance of cheque book

When the client open account in bank then the bank be issue a cheque book to
customer for the reason of remove of cash our account and bank give a first time to
cheque book to client that is contain on ten cheques in a order first take a form for
issuance cheque book that are symbol by account owner then the first cheque number
and last cheque number write on shape and write day on form then evidence in cheque
book list first write consecutive number of cheque number then name of account holder
then account number and name of account holder on register. Then sign by the officer
and give cheque book to customer. And the charge of cheque book improved from client
and every cheque price Rs. 5 bank are debit the customer account.

When the issue cheque book second time than on sheet of document in his cheque
book that take a sheet with the name of account then apply online and the procedure of
subject are same thats on top of explain but in second time cheque book issue are not
any shape necessary.

Request for cheque book to head office

The cheque book print in head office in Karachi we are open a website which is
use for cheque book that are NIFT than the officer login and first write a account number
and name of account owner and choose cheque book that compulsory.

Payment of cheques
In the JS bank of Pakistan I study how to create a sum of cheque. First filing the

cheque first name of barer or personality after that write a date and amount that are
compulsory to customer mark in statement and then after that write in shape then the
name of account holder front on cheque under the right place of cheque and give to
BBO that are examination customer balance if assemble to that draw a cheque then
stamp of verify signature and pay money then reorganization a cheque in system and
stamp of reorganization and further to manager checking check and sign and submit to
casher and stamp of salaried cash and name of receiver on back of cheque and pay
the quantity.

Cheque cancellation:
These are the some following condition the cheque are cancelled

Write any outlook date on cheque

Any overwriting on cheque

caution out cheque

Wrong signature of account holder

diversity in shape and statement quantity

If the inadequate self-confidence in client

Any extra incorrect satisfying of cheque

How to close an account

The account can be stopped up from the account holder at any time.the

customer file the account concluding account shape and submit in bank then bank are
all quantity salaried to customer and closing the account and customer go back cheque
book to bank and the office cancel all the outstanding cheque in cheque book.

Advance Department
This is the the majority important section of a bank is go forward section and
bank earn a huge segment of income through this section. And the each bank provide a
advance to client and earn a income in JS Wazirabd branch the head of move forward
division AF officer Sir Mr. Naveed Ali he is very capable human being The move
forward section is a essential reason to give a loan to customer small expression and
extended term together but in this branch provide loan only next to Gold mortgage.
Officers make a proposal of loan and get all in sequence from customer that is required.
And the main meaning this division takes a loan at loan attention and gives the extra
cash to client at far above the ground speed of notice.

Loan against Gold

This is the the majority ordinary form of bank lend. You can congregate your
require designed for ready cash next to your idle gold. The score rate is 15.50 percents
and the ability provided 40 thousand rupees next to each ten grm of net inside of gold.
And no most limits of money for loan, the loan refund after the period of one year and
only accepted gold ornaments and the quality and weight of gold to be decide by JS
bank of Pakistan goldsmith chosen and no additional charge for near the beginning
repayments.

Procedure for advance loan

These loan give only farming growth against by advance of Gold. That advance
provide for one time short era of time. First the customer comes in bank for Appling for
loan. Loan section deal Sir Syed Mohsin advice to customer all the obligation that is
essential for attractive a loan. First go goldsmith for the examination the value and mass
of gold these goldsmith Muhammad shabbier chosen by JS bank of Pakistan
Wazirabad. Then the goldsmith write a in order of gold on a exact paper the crass mass
of gold and the net burden of gold and the marketplace price of gold and the name of
manager of goldsmith. Then the customer come in bank and casher check and
checking the mass of gold and then write the quantity of loan that are provide to client.
Then Haider Ali suit a suggestion of loan online satisfying the form on computer then
these form written in firm form and name of customer all page of suggestion and distant
the three lawful stomp paper and three other voucher become one a Debit voucher for
the expense to customer amount one for indemnity and other withholding duty then
submit to manager check all suggestion and name on proposal that vouchers
compensation to casher on answer and one withdrawal voucher that the casher sum to
client.
The these suggestion reserved in a divide folder then satisfying these trample paper
and open a account in ledger register first write the name of customer and lecture to of
customer then write a NIC of customer and Phone number date of birth and the amount
of loan write in debit article and all the in order and what kind of jewels and its mass and
the market price of gold and analyze the withholding tax and indemnity write in record
then these register make sure by casher and name of casher and Manager.
Then these file refer to account opening section then open the account online and
printout the suggestion and name by customer these bookkeeping opening form kept in
folder and these folder reserved in proceedings in banks client receives cash and go to
house.

5.4.4.3 Government Department

Government section is a significant part of the bank these requirement some

punishment assign from statement bank of Pakistan unpaid to the cause any mistake or
nor finished employment and complementary.

Government Payment

Government expenditure are incorporated

sum of pay

sum Of retirement fund

retirement fund sum to Armed force

retire officers of PAF and family

Traffic Chillan

The Pension Payment Documents Required

Pension imbursement order

CNIC Number and the date of Expire

Two exact Signature/ thumb

One photographs of the pensioner in list of retirement fund

Original pension Book

Officer enter them in a ledger to kept eternal evidence.

Payment of Pension
First file the retirement support imbursement arrange mark the PPO and the
name of pensioner and the name of pensioner two place and write amount of pensioner
payment then we two printed use one confirm stamp and 2 nd is paid cash then submit to
managers name on register book and retirement fund book and on allowance sum
arrange Then manager provide to casher retirement fund book and retirement fund

expense order casher reserved the pension payment order and pay money to
pensioner.

Make a Scroll
At the finish of day these all retirement fund evidence in pension proof list and
then create a scroll on Excel sheet mark a name of pensioner, PPO number of
pensioner and quantity that are sum to pensioner. And create a debit voucher and
propel to major branch Daska by postage.

5.4.4.4 Remittance Department

Regularly use the business payment is the main purpose of payment section to
move funds one place to another place. payment means to sum of amount in payment
for great. That department is ability provided to our client transfer money one branch to
any other branch. That is offer safety to our customer JS bank of Pakistan Wazirabad
branch are subject the following form of remittance ability give to our client.

Demand Draft

Pay order

Online transfer of

Demand Draft
The significant form of convey is order draft. The purchaser satisfying request
form for subject demand draft, on this form the name of sender and account number of
sender and take in the name of receiver. And the customer submit amount of DD in
branch then the making a demand draft and give to the customer. If the customer are
account holder then first put amount in our account then draw a cheque and JS charge
receive 130 rupees for account owner if the customer is not account owner then pay a
tax and bank charge. And two type of DD
a. Open DD:

open DD is where straight payment is foolish

b. Cross DD:

but angry DD is where sum is made through report JS bank of

Pakistan are charge these on creation demand draft

Up to fifty thousand is 130 rupees only

And over fifty thousand is 2.6% only

Pay Order

Restricted salary for the move of funds are set. Pay order is the the majority

suitable and easy and secure form to move one put to other. JS bank Pakistan is not
charge any charge to creation of pay order, bank are daily operating cost salaried by
sum order for instance the payment of charges of information paper then make a sum
order and signature of receiver of payment order on back are two and one on payment
order book then the customer show these payment arrange to casher and casher be
given pay order and give a money to customer and reserved ka pay order post ring of
option and cipher the request. If the customer needs to disburse in cash, then cash is
submitted by the customer with the bank charge and preservation tax and only cost is
deduct. If the customer pays by cheque then we are not charge a maintenance tax from
client.

Online Transfer Money

JS Bank of Pakistan has smallest amount charge of online change repair. saver
simply plug out the put slip with the amount to be transfer fasten your account and the
account number to put JS Bank of Pakistan of the computer scheme and the Internet is
the best way move cash from one town to one more. If the customer deposit cash for
online then charge a withholding tax from customer if the account owner draw a cheque
and transport currency his account then buyer are not paid a custody tax. We get a NIC
duplicate of correspondent and file online shape then printout these then on these form
autograph of correspondent.

5.4.4.5 Clearance Department

trade of in order of profitable banks is an friendship in a definite place for the

reason of distribution thanks and the claim completion. In the Pakistan the scheme of
payment organization by the report bank of Pakistan. If the office of statement bank are
not accessible in place then JS the represent of the SBP as a payment house for in
order.
When the cheque sketch on one bank and the owner and the put in his account
at the bank of stairway and resolve the joint promise by two banks and modify the sum
asset and liability of together banks when a account holder submit a check in his
account then that bank send to cheque head office and head office send to these credit
branch when the payment pass and return to bank then the bank credit the customer
account. That is a very easy and secure method to move to currency.
A exacting bank the differentiation the sum represent the cash to salaried ad the
quantity to be getting by it. Each and every bank and then get the amount from him or
pay the net amount payable. In JS Wazirabad branch is head the clearing department
Sir Naveed Ali has twenty years knowledge. This is the essential reason to give the
facility cheque their clientele to pay one more bank.
Differentiation among the total represent the amount to be salaried by a exacting
bank, and the amount to be received by it. Each bank and then receives the net amount
due from him or pay the net amount payable. Wazirabad JS branch is head this part by
Mr. Naveed Ali has twenty years knowledge. The objective of this part is to make easy
check their clients to disburse one more bank.

In-Word Clearing Books

The bank is using this book footage all the cheques that are received by the bank
in the first payment. In this list all in order healthier in the book. First we are make sure
the account equilibrium and the name of account holder if both are right then two stamp
one for verify signature and other for bank move stamp. And make a debit voucher then
give to manager and manager signature on cheque and debit voucher and go back to
BBO then we are debiting the customer account and credit cash then the original debit
voucher send to NIFT and the copy reserved in evidence.

Out-Word Clearing Book:

The Bank use overseas review evidence for the reason of copy all the details of

the check that the bank had been deliver to other banks. When the customer put a
cheque In his account then we a filing a credit slip write a name, account number and
the signature of customer and write a cheque number and write a amount . At the finish
we are evidence in a payment register and fasten a package wrap and drive to NIFT.
Next day go back a payment then credit the client account.

5.4.4.6 Computer Department:

These department head by the Naveed Ali are drama the all purpose of computer
section the essential purpose of computer section to give the ability to customer in the
sum of cheque. These are the major purpose that are do by computer section are as
follow.

Checking equilibrium of account holder.

Posting of cheque

Issue bank statements to Account Holder.

Payments of Western Union.

Payment of Express Money

Dealing E remittance.

5.4.4.7 Foreign Remittance

Payment of Western union
We take delivery of a Ten digits number and copy of CNIC of customer and
unique CNIC then open a logion then enter number then enter the CNIC number of
customer then enter that turn into a payment and printout on page two name in front
page and two signature of customer support side of paper and the cash paid stamp on
front side. Then send to casher stamp cash sum with date and provide money to client

At the end of daylight hours all account are generate and print out on page and create a
credit voucher F16 send to major branch Karachi by postage.

Payment of E Remittance
This same procedure as to western union but in E payment write name, speak to,
phone number NIC number, subject date of NIC and end date of handset, and name of
dispatcher. Then go into and print on page. Two signatures in front page and two
signature of customer back face of document and the money paid trample on face
surface. Then send to casher trample cash sum with date and give money to customer
At the end of day all report are generate and print out on sheet.

5.4.4.8 Utility Bills Collection

I work in the usefulness bills compilation section as the JS bank of Pakistan collect
utility bills on behalf of WAPDA sui Gas company and Pakistan telecommunication
business incomplete by put the trample on the usefulness bills receive cash stamp and
date of receive and the signature of the cash officer receiving on the utility bills. Bills are
alienated into two parts one part go back to customer and additional reserved in bank.
At the end of day all bills arrange and making a collected record on excel sheet that is
called scroll. One copy reserved in file of bank for evidence and one roll copy send to
WAPADA Sui Gas and PTCL office. The bank charge charge on the bills.JS bank
charge Rs. 8 per bill collection.

5.4.5 Describe details of the tasks entrusted me

Following everyday jobs allocate me. And carry out a work throughout internship
plan first day manager Mr. Mumtaz Ahmed opening All Department in a Bank due to
the reason of less worker in branch there are no divide department and all particulars
talk about in every day time bench in start in internee work first sit in secretarial opening
and introduction how open and account typically assign me to physical labor due to limit
by head office Karachi not allow to use computer these are all job do throughout my
internship program as following.

Fill out online & put slips

Opening new account opening process tell me our work only evidence in account
opening register and printout these account opening form.

Daily filing cheque and put slips

I was creation Scrolling of utility bills on excel piece

Print out the confirmation NADRA for account opening

In word clearing record and make a voucher

Out word payment filing slips and sending to head office by NIFT

uphold postage and stamp list

send off a zero equilibrium letter to purchaser

send off a Dormant/ out of action account letter to clientele

make sure book subject to evidence

Opening account in ledger register loan against loan

Filling the lawful document of loan in proposal

To uphold saving and current account register

retirement fund payment record in register

file check

Filing the other charge voucher

Western union payment

E payment payment

state money payment

Maintain utility bills register

Printing of account opening forms

Make sum order

Make order draft

Maintain clearance record

Send apply for for new check book online

Receiving check book from NIFT and record in record

5.4.6 Summary of Learning

The major reason of the inside do not only to complete the academic supplies
are nor better quality attain throughout the eight week of my internship plan also to

study more request of our meadow of learn relative in our marketplace. I well-read a lot
and the real impact of learning on my vocation social life in a group of people the
preparation matter also as civilization association and the principles of the populace
their approach in the direction of the bank.

5.4.6.1 What are the skills and qualifications you think you have
gained from the training?
Previous to the create of preparation in my JS Bank of Pakistan, I believe it was
a incessant to do in a bank since the student does not illustrate a real consideration
sensible job. I have educated more skill and writing are whole skill explain is more
difficult task. Always some are hidden skills that can only come known stage.
How to expand a place to do hard work in the bank and the presentation are
augment the also whole of the age. How to show the frequently and to commitment to
the bank and to commerce with customer of staff member of bank and in difficult
position we are not take a any tension and make customer sense that they trust you and
resolve the exit evils.
among the work presentation and your existence method so they message on
top of all my work and power authority and add to the skills of computer and how to
work with generation in our work life and management of our worker and timekeeping
and sprint to proper time table. And the significant I have erudite a lot of skills and
dealing with hundred customers in a day and the breath of customer with reading
performance and announcement by the by of way of chatting with us. And any worker is
work done is outstanding and to how confident it.

What kind of responsibilities that you have undertaken during

the training period

The following everyday jobs assign me.

Fill out online & deposit slip

To open an account

Log mail items at bank recording frequently

Scrolling presentation

To do the confirmation NADRA

In word payment record and create a voucher

Out word payment transfer

Maintain postage and stamp list

Check book subject

Opening account in ledger list loan against loan

To maintain saving and current explanation register

Pension payment register maintained

Filing the suggestion of credit

Filing make sure

Filing the other accuse voucher

Western combination payment

E remittance sum

Express cash payment

Maintain helpfulness bill list

Printing of account opening

Make payment order

Make Demand draft

Maintain clearing record

Send ask for for new check book online

Receiving check book from NIFT proof in index

5.7.3 How do you think the internship will influence your future career
plans?
I have use of our time of internship some in all-purpose banking and the
distinction everyday jobs are allocate in the age of preparation in every department. I
have in the age of internship I shall talk in the general about the obligation that are
some significant points are discuss.

First of all I undertake the blame of timekeeping and the growth of the position
you require it in a opportune so that everybody can develop harmful thoughts
about me.

And the second is work hard and achieve the tasks assign in a timely way. That
is a most significant for any achieve a winning in business.

 Third I learn amazing novel in the sports ground.

5.7.4 How do you think are related internship activities that you
carried out are correlated with your class room knowledge?
I have some uncertainty about the banking system in Pakistan before the start of
preparation in a bank my friend and relative give a proposal to internship in any other
business but I puzzled brain in every mind. And there is knows fault that the procedure
tricky for the bank if any small error become a big evils and every day total a work at the
end. After closing the day all work is checked them. And I have decided to working in
banking sector in the future because I am considering in the good-looking work in the
future time era because I are very enjoy and happy ready in banking sector if in banking
sector give me a best letters of salary I prefer to banking job.
Second part is a among the preparation session in banking sector and the
information of class room I have done if my insight I have my own sensitive that the
class room work information and the effective in the marketplace is not joined also a
great deal in the estimation
And the big advantage of classroom study is that and the receiving any
preparation in any business association in any meadow and I able to tell the serious
information to any association operational rules. throughout the first days means staring
day we are not do our work efficiently. But when go any stable job in any organization
after conclusion of degree then we are do efficient work in any association due to that
the benefit of internship that are knowledge many to you. Because we are perform a
sensible work before any initial a job. That is improved for him.
Finally I just want to this part most adopt this type of physical condition working in
any group during our educational period we are study more that classroom information
how to use in organization working and that will advantage for student in his outlook.

6. Conclusions of the report

6.1 A Summary of key conclusions derive from the training
experience.

The preparation sitting has a finished and I like the work in bank a bundle of
feelings. During the preparation session I learn the following things. First I know that the
knowledge of university is not enough to working in any organization because the
knowledge of class not apply to all in work but the training is compulsory for learning the
organization work otherwise we are not good working on the starting of any job. But soft
skills are very important when we do a job. When we going to the bank I realized that
the relationship between the staff member and the customer of the bank, if these
relation are good in staff member and with customer we get big benefit enjoyed. In short
time period we are not proper knowledge gained but that are the basic skill are learn
that are more benefit for in my future life. And the bank is key role to any success of
country.

6.2 General observation about the sector JS Bank of Pakistan.

Banking sector in Pakistan has huge facilities provided for investors and the
creation of jobs for new applicant and the provided a very colorful future. And there is
not incorrect a job of bank is difficult and to achieve the goal is hard but I observe the
state respect and honor in the society.
For increase the foreign asset to need to overcome on violence and solve the
economic crisis. Due to the best reputation our country and bank then attract to foreign
investors to willing to invest in Pakistan but due to the reason the terrorism may to
foreign investor are not safe investment in Pakistan. Need of the hour is to increase the
foreign countries and the domestic asset that are play a more role in the increase of
Pakistan financial system.

6.3 SWOT analysis

And SWOT analysis by the scan for ecological and examine the strength and
weakness opportunity and threats by the bank of the external environment called

analysis specify some organizations strength opportunities and threats and weaknesses
and SWOT analysis. This analysis is very important for the organization and
organization to maintain the force, and to overcome the weakness, capitalizing
opportunities for up-and-coming, carving ways to deal effectively with the threats and
Turn them in strength of the organization. During training for eight weeks in the bank
Wazirabad branch I came across the following SWOT analysis of the bank. The JS
Wazirabad branch SWOT analysis below:

6.3.1 Strength
And one of the most important products in the JS is a huge strength.

Bank generally relying on customer service

Customer gives ideas to improve the effectiveness of bank and bank welcome to
customer for given our opinions.

The bank staff best teamwork to our customer.

In bank environment is friendly in staff member.

The products of bank are excellent.

Branch is modern online and internet facility.

Bank is a fully computerized and every person work on computer .

And the ATM card free giving to customer.

And the customer lockers are not available.

And JS is the government bank leading to private sectors bank.

And the transfer of funds electronic system.

Use a phone banking

6.3.2 Weaknesses
In my opinion these are the points that could determine the efficiency and
profitability of the bank.

In branch culture are mixed

Branch are located in village

And branch is new setup online

The facility of credit card is not available

And the weak system of audit

And the employees is less.

Give loan only against gold reserve.

And not available copy machine in bank.

And internet connection is not proper working.

And the lack of technological skills in staff because guide banking but now an
online banking use.

6.3.3 Opportunities

It is a opportunity the informational technology.

And give a facility to customer credit card.

And use a best link of internet and work is professionally perform.

And expand a local setup.

6.3.4 Threats:

The more struggle

2nd the legal reputation are good required.

And the early response to scenario changing of bank

And the economic and political condition on bank

Recommendations:

Regulatory issues connected to the regulatory authority is received

An expert staff physically presents at the committee of senior officials bank

received complaints from customers and criminals should be caught red- handed
person.

Box is such that no individual complaint outside the box can be accounting to the
papers.

As the head office is addressing pension, old age pension holders especially in
this branch facilities should be increased to provide.

Security cameras and the latest technically should be fine.

JS deposit mobilization should introduction the product.

All employees will be a check and equilibrium should be implemented.

Penalty charge a handsome amount employees must be guilty.

Different periods in a financial year in preparation sessions should be conducted.

To make employees more efficient and overall competitive benefit rules somehow
the top management should be applied to all employees.

Account debt issuance and other methods should be more suitable and elastic.

make sure that all such workers to follow rules.

Reference & Sources used

Islamic Banking. (n.d.). Retrieved March 20, 2015, from

http://www.scribd.com/doc/94456429/Islamic-Banking#scribd

JS Bank. (n.d.-a). Retrieved March 20, 2015, from http://www.jsb.com.pk/

Wikipedia. (n.d.-b). Retrieved March 20, 2015, from http://xn--wwwrp0a.wikipedia.com/

JS Bank financial Reports. (n.d.-a). Retrieved March 20, 2015, from

http://www.jsb.com.pk/

Study On The Merger Of Faysal Bank Finance Essay. (n.d.). Retrieved March 20, 2015,
from http://www.ukessays.com/essays/finance/study-on-the-merger-of-faysal-bankfinance-essay.php