General Banking:
Banks, generally commercial banks, have to provides different services to customers under its various sections such as General Banking Section, Loan Section, Foreign Trade & Foreign Exchange Section, and so on. General Banking Section is one of the important parts in a commercial bank. General Banking is generally marked as the entrance point to build up bank-customer relationship. It is the gateway or introduction point for bank to create relationship with customer. Mostly, General Banking deals with operational functions of the bank.
Functions of General Banking Section/Department of a Commercial Bank include :
- Account Opening
- Dealing with different Deposit Products
- Dealing with Cash/Taller Section
- Issuing of Pay Order (PO)/Demand Draft (DD)
- Dealing with Telegraphic Transfer (TT)
- Fund Transfer related activities
- Provide Locker Service
- Issuing and handling of Security Instruments/Receipts for Term (Fixed) Deposits
- Issuing and delivering of Cheque Books
- Provide BACH/Clearing House related Services
- Attracting Deposits through different Deposit Products
- Dealing with mail receives and dispatch
- and Other Ancillary Services
Published Date: 30/06/2023
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