Shahjalal University of Science and Technology, Sylhet

Course Title: Principles of Banking

Course Code: BUS 221

Team Whistle Blower

General Banking
By Team Whistle Blower

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 Team Members

ANAMUL HAQUE
Ismail Ali
2019731085 Nazhath Jannath 2019731078
Shima
2019731097

Niloy Chowdhury MD Parvej Khan

2019731057 2019731052
 SUPERVISED BY

Sayma Sadia Shawon

Assistant Professor

Departments Business Administration

Shahjalal University of Science and Technology,

Sylhet
“A healthy Banking system is one of
the vital parts of a nation's
foundation.”

—Hendrith Smith
General Banking

An operational function; consist of

● Management of deposit
● Clearing house.
● Bills & account opening.
● Locker & other facilities.
Functions of
General Banking

Maintenance of Receipts and payments of

01 02 cash
deposits

Handling transfer Operations of

03 transactions 04
clearing house
 Functions of
General Banking
Maintenance of Maintenance of accounts
05 safe deposit 06
with Bangladesh bank and
lockers. other banks.

Reporting to head 08 Keeping good

07 office about daily relation with
position. valued customer.
 Type of Accounts

Saving accounts

What is your
Type of Accounts
learning style? Current accounts

Fixed deposit
 01
Savings Account

Opened for interest purpose

● A person can keep money as he wants.
● But he can withdraw money two times in a week .
● Interest is allowed as per annum
 02
01

Current Accounts

Mainly for business owners

● A person can keep &
● Withdraw money any time as he wants.
● Generally, do not provide interests
● Requires a higher minimum balance when compared
to savings account.
 03
Fixed Accounts
Deposit for a fixed specified
period in advance
● Normally, money can be withdrawn after a certain
period.
● Higher interest rate.
Sections of general banking

Account opening &

Closing Clearing house
section

Remittance section Cash sections

Mail receive & Bills & clearing

dispatch section sections
Opening of accounts

● Application on the prescribed form.

● Photographs
● Introduction or Reference
● Specimen signature
● Mandate for an operation of the account by
an agent
● Opening the account
● KYC
Closing of accounts

● At the request of the customer.

● Inoperative Account
● At the instance of the banker
● On receipt of notice of customer’s death
● On the insanity of the customer
● On insolvency of the customer
● On receiving notice of assignment
Clearing house

● Acts as a mediator between any two entities or

parties that are engaged in a financial transaction.
● Ensure that the transaction goes smoothly
Clearing house(cont.)

● An arrangement for the banks to mutually settle

their claims over each
● Collection of cheques and drafts, central banks
initiate this system where all banks must have
their accounts.
Importance of Clearing house
● Settlement of Transaction
● Easy transfer of money
● Risk minimization
● Liquidity
● Time saving
Bills & clearing sections
● Cheque clearing
● Securities and derivatives clearing
Mail receive & dispatch section
● Customer feedback
● Internal communication
● Banking relation
● Giving notice
● Central banking response
 Conclusions

To conclude, a bank account is not only about saving

money, it's also about managing money. General banking
helps you control your money and consist of providing
various types of services to its clients.
● Thanks!
Do you have any questions?