Products Of Askari BankAskari Mahana Bachat Account: Askari bank provides deposit facility to its sole custumers with the choice of 1 to 3 years period. It has been created keeping in view saving requirement of sole investors . Sole investrs don’t wish to mold or block their funds for long period with a competitive ratio of retrun payment on the 1st of every month. Askari bank has up to 90% financial facility availble for custumers, if they need.

Askari Deposit Multiplier Account

“Worth of starting investment of Rs. 100,000/- will increase to Rs. 265,000/- at maturity!

Askari Deposit Multiplier account : Askari bank has introduced this account for single investors, whose aim is to deposit cash for long period saving & earn high rates of retrun.The maturity time of account is 10 year & after this time period depositor will get great return.

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Value plus deposit: Askari bank has introduced value plus deposite account, which gives assurance of immense financial autonomy & protection. Now any body can open value plus account at Askary bank its great way of normal checking account.

ASKARI CARD

Askari bank provides Askari debit card which help its custumers at the every aspect of life. Askari card is your shopping patner which upgrade quality of life by permitting you to do shopping, fare at resturant, transfer funds, withdraw & deposit cash through ATM from any where, At any time.

Travelers Cheques

Askari bank limited has always introduce remarkable products in banking sector, in this way TC is also greater launched product of askari bank. Askari bank provides tc to its custumers to use that at the every place of world on the place of money.Unlike money, tc is much suitable to carry from one place to another.

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SmartCash This is the credit line of Askari bank which has limit up to 500,000.

Personal Finance

Askari bank provides personel finance product which helps to its borrowers to come up with all the inelastic demands. This can be pay back to bank on easy installments.

Mortgage Finance

Askari inorder to purchase or get construction of home, though this is the great oppurtunity of askari bank to its custumers. bank provide mortgage facility to its custumer,

Business Finance: Askari bank also provide facility of business finance to its custumers, in order to increase the operation of business & earn more profit.Thus this is also great product of Askari bank.

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Services of Askari bank

Islamic Services

Islamic corporate service

Islamic investment banking service

Islamic trade financing service

Islamic general banking service

Islamic consumer banking service

Agriculture Services

Kissan evergreen finance

Kissan tractor finance

Kissan livestock development service

Kissan farm transport service

Agriculture banking service

Corporate Services

Letter of credit

Letter of guarntee

Bill discounting

Export financing service

Investment Services

Project finance service

Balance sheet restricting service

Syndication service/bonds/sukuk service &finance certificate service.

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Map of Branches of Askari Bank

Thus, the Askari bank has 226 branches around the country & it is divided into four regions.

North, Central, South & West region.

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Communication method of Askari bank

Askari bank uses UDID communication method. The word UDID stands for:

Upward Communication

Downward Communication

Internal Communication

Diagonal Communication

Upward Communication: Upward communication is process of transferring information from assistants to high authorities of bank. Without this kind of communication management of bank can’t perform its duty sufficiently. Thus, this kind of communication is in the form of report, suggestions, advises & complaints.

Downward Communication: Its is process of commanding from high authorities of bank to their assistants. This kind of communication gives caution to assistant to do some thing, about which command is.

Asst: Vice President/Branch Manager

Market Manager Operational ManagerFinance Manager

B.D.O Cashier Officer

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Fallowing is the chart of downward communication.

Internal Communication: A communication which held within the bank. It consist whole communication b/w different ranks of people available inside the bank. Such a communication can be in the formal form & informal way.

Diagonal Communication : A communication which held b/w the two different departments of bank for the consideration of matter or for verification of any document of bank. In this communication a employee from side is on high rank at bank and from other employee is not on high rank of that department. Thus, we can say it’s a interaction of two different departments of banks.

Thus, this is the communication method of Askari bank which is applied at Askari bank. Among other communication method this UDID method of communication is suitable to run flexible any of organization including banks.

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INTRODUCTION TO ASKARI BANK

Definition of Bank?

Ans: The place related with the security, exchange & lending of money.

OR

It is the place of transactions of money.

History of banking: The word bank is derived from the word banco which means bench. The Jews moneylenders of Italy used to transact their business sitting on benches at the different markets places. According to French experts it has been taken from the French word Banque, while Germans said that it had been taken from Back, while means “ Joint Stock Company”. Thus, the modern banking system is totally different from old one & present banking system is much efficient as compare to previous banking system. Modern banking system provides many facilities to its customers & it’s a much flexible, so in banking sector great revolution has been took place.

Askari Bank was found as army welfare trust. It was founded for the support of Army officials. The head office of Askari bank located at AWT PLAZA RAWALPINDI. It provides service of saving scheme to its Army officials.

Askari Bank was founded on Oct 19th 1991, in the form of public limited company. Askari bank got business commencement certificate on Feb 26th 1992.Askari bank is schedule bank & it interact with the business of banking as defined in banking organization 1962.

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Askari Bank of Pakistan touching the new heights of success in all areas of its functions. The protection of depositor’s fund, great production & irony use of technology are the tramples of its organization’s strength.

Askari bank is only private bank of Pakistan which has been rated as A1+ for short term and A+ for long term class. This was decleared by (Pakistan Credit Rating Agency). Thus, at that time Askari bank was alone private corporate which had got such a familiar grades of banking sectors.

In 1994, Askari bank of Pakistan got international identification as a Asia Money Award & also got title of “Best Commercial Bank of Pakistan”. In 1995 Askari bank was decleared “Best Domestic Bank Of Pakistan”.

Thus, with the passage of time as per keeping in view growth rate, Askari bank has expanded its network to increase the total strength of Bank. Now almost at the every part of Pakistan Askari bank is located & performing its functions to achieve great output & increase the familiarity. Thus, the Askari bank of Pakistan playing great vital role in the banking sector & it has great scope overall the country.

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Conclusion

Askari bank was came into exisistence in the year 1991.Askari bank started its functions from 1992.Askari bank was operated by a Pakistan army, as a Army welfare trust. During the initial days it was established with the aim of , to support army officials by providing them service of saving scheme.

In the year 1992, 26th Feb Askari bank of Pakistan got business commencement certificate to operate its functions in market. During the year 1994, it was decleared that Askari bank of Pakistan is best commercial bank of Asia & in year, 2001 again it was decleared that ACBL is best bank of Pakistan. ACBL is only bank of Pakistan which has got A1+ & A+ grades for the short term & long term activities & services of bank.

Askari bank almost come up with all the needs of its customers by providing them its products & services, like Smart cash & project finance service. Askari bank spreaded almost every part of Pakistan. Askari bank has got set of 226 branches which are located at the fallowing sites of Pakistan:

North Region Central Region South Region West region.

Thus, the Askari bank of Pakistan has got larger strength overall the country & it play’s great vital role in the banking sector of Pakistan.

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HISTORY OF ASKARI BANK

Askari bank came into exisistence on 9th October 1991 as a public limited organization & functions of Askari bank started from 1st April 1992. Askari bank decleared as a best bank of the year 2001 in global financing. Thus, the head office of Askari bank situated at AWT plaza in Rawalpindi.

Askari bank has set of 226 branches, Containing 31 branches of Islamic banking, and a wholesale bank branch in Bahrain. Askari bank has contributed system of 4,173 online ATMs including all important cities of Pakistan helps to the delivery sectors of customer service. Askari Bank has accomplished porpose of growth in business and functions during 2009. The total assets of the bank worth’s about Rs.254 billion as at December 31, 2009, registering an increase of 23 percent during December 31, 2008.Customer deposits extend Rs.206 billion by December 31, 2009, an increase of 23 percent during December 31, 2008.

Profit after taxation decleared an increase of 187% at Rs.1.11 billion, when differerntiate with previous year, Even preserving the opposite influence on net mark-up income due to increased nonperforming advances. The Bank’s NPLs stood at Rs.17.73 billion as of December 31, 2009 constrast to Rs.11.69 billion at the end of passed year, an increase of 52 percent.

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Thus, the Askari bank of Pakistan play’s great vital for the stability of economy of Pakistan. This bank provides many various kinds of facilities to different types of businessmens & general public, & Askari bank is that bank which is come up with always expectations of its costumers from every point of view, so Askari bank is well reputed bank of Pakistan among banking sector of Pakistan.

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Report way of Askari Bank

Askari bank uses reports through emails. According to Askari bank purpose of using reports by emails, is that it is much efficient, safe & secure way of sending report from one place to an other, directly reach to the hands of particular person, it’s a less time consuming & it’s a less expensive.

Askari bank uses Ms Office to come up with the process of making reports. Askari bank Prepairs different kind of reports and send through email way, either to head office, other organization & to its customers. Sometimes authorities from head office of Askari bank ask to send report related with any department or send records of its employees, in such a way Askari bank uses ms word & ms access to Prepair reports related with records & any simple information.

A person who has account in bank he obliviously use to known about his or her account’s statement or balance sheet of his or her accounts. Customers also ask Askari bank to send them information related with their accounts, in such a situation bank uses ms excel to Prepair account statement or balance sheet.

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Thus, today is modern era and every bank wants to use technological ways to send any kind of information to its customers & head office. Thus, the Askari Bank of Pakistan also send reports to its customers & head office by email way because, such a kind of way has immense value in the today’s era.

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Departments of Askari bank

Departmentation of Askari bank: Askari bank consists of various departments which are performing different functions of bank.

Fallowing are departments of Askari banks

Operational Department: The function of this department is to prepare plans of bank & it’s a supportive hand for many essential works or matters of bank. Operational department also responsible for the security of fixed assets of bank.

Credit Department: The function of credit department of Askari bank to advance loans. This department offer’s loan for various purposes of life & also charge interest .Thus, this department mostly use to advance loan for short term trade financing. Cash Department: This department is one of the most important department of Askari bank, which is used for the cash transactions of bank. Thus, cash department is responsible for checking signature of

check. After going through this process cash department make transaction of cash.

Remittance Department: The function of this department is that this department work as agent on the behalf of costumer in safe transaction from one place to another.Account’s Department: This department is responsible for keeping daily records of voucher. Account department also keep record of expenses, confirmation of utility bills & distribute salaries. Account’s department also involve in custody & supply of stationery of bank.

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Audit Department: This department check’s record of bank & this department also has direct contact with state bank of Pakistan. Audit department is also responsible for every operation of bank, with desiring of improving management & internal control.

Corporate Department: The function of this department to deal with those costumers those have large scale business. Its major activities are advancing syndicated loans, guarantees & work with capital finance.

H.R.M Department: This department involve in managing functions of recruitment, staff training & evaluation.

International Department: This department is involved in foreign trade transactions. This department also manages correspondent & planning for abroad functions.

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Suggestion:

Askari bank of Larkana needs to improve its criteria of hiring its employees.

Askari bank needs to improve its attitude with its visitors. Askari bank needs to expand level of their website because

that is not sufficient for web visitor. Askari bank needs to expand network of branches in larkana

city. Askari bank of Larkana needs to improve its management. Askari bank of Larkana needs to improve its guideline.

Thus, Askari bank of Larkana need to strictly fallow above suggestions, if bank wants to keep good relationship with their visitors because

today’s customer may be their tomorrow’s customers. Thus Askari bank of Larkana needs to take care about it.

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STAFF OF ASKARI BANK LARKANA BRANCH

Manager Syed Munawar Ali Shah

Credit In charge Javed Katpar

Operation manager Naresh kumar

Accountant Abbas shaikh

CD In charge Javed Iqbal

Clearing in charge Sarfraz shaikh

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Account opening Sarfraz Sanghi

Chief cashier Rafique Mirani

System admin Saleem Ahmed

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ORGANIZATION CHART OF ASKRI BANK LARKANA BRANCH

MANAGER

SYED MUNAWAR ALI SHAH

CD INCHARGE

JAVED IQBAL

CLEARING INCHARGE

SARFRAZ SHEIKH

CREDIT INCHARGE

JAVED KATPAR

OPRETION MANAGER

NARESH KUMAR

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CD INCHARGE

JAVED IQBAL

CLEARING INCHARGE

SARFRAZ SHEIKH

ACCOUNT OPENING

SARFRAZ SANGI

SYSTEM ADMISALEEM SALEEM AHMED

ACCOUNTANT

ABBAS SHEIKH

Acknowledgement

Firstly all praises to Almighty Allah who gave us ability to

come up with process of making Project on “Askari Bank Larkana”. It gives us immense

pleasure to say thanks to our worth teacher Sir Naveed Anwar, who assure apoun us &

gave us task to prepare project on ACBL. We would also like to say thanks Manager of

Askari Bank Larkana Mr. Munawar Shah who gave us his precious time & we are also

thankful to staff of Askari Bank Larkana because staff members have also cooperated

with us during the guideline time.

Your Sincerely

Uzair Gulzar Shaikh

Taroon Kumar Gehani

Yasir Mughal

Zianab Soomro

Wajid Dhakan

TABLE OF CONTENTS

S.R# Topic Page#

1. Introduction to ACBL 1 to 2

2. History of ACBL 3 to 4

3. Staff 5 to 6

4. Branches/Products/Services 7 to11

5. Communication Method used in Bank 12 to 13

6. Report used in Office 14 to 15

7. Departments 16 to 17

8. Charts 18

9. Suggestion 19

10. Conclusion 20