Banking Diploma Examination-IBB

Saturday, March 26, 2016

Bank All Info

50 banking words used in India

1. Automated Teller Machine (ATM) – A machine, activated by a magnetically encoded card that can process a variety of banking transactions. 2. Bank Ombudsman – A person who hears customer’s complaints against banks. 3. Bank Ombudsman is appointed by – RBI. 4. RBI was nationalized in – 1st January 1949

Countries List in Asia continent

Countries List in Asia continent
Asia is the biggest continent in the world, It includes 50 independent countries and occupies the eastern part of the single Eurasian landmass. It is surrounded by the Arctic Ocean from the north, by the Pacific Ocean from the east and by the Indian Ocean from the south, The continent is separated from Africa by Suez Canal. The Mediterranean Sea and Black Sea separate

The Principle of Production

The basic principle of consumption already explained must be reflected in the productive system of an Islamic state. Because production means creation of utilities, just as consumption is the destruction of the same. Production does not imply the physical creation of something out of nothing, since nobody can create matter. All that man can do to make things useful and serviceable is said to be

How to open Bank Account

According to Dictionary of Banking and finance ” Bank account is a contractual agreement between a bank and it’s customer, allowing the customer to use bank services for fee. Accounts may be established in the name of individuals or firms.They may be time or demand. They may be single name, joint name or trustee name. They may be general or for some specific purposes.”
How to open

How to Prepare Bank Exams in India

Current Affairs Questions To Prepare For Bank Exams

Question 1
Government of India has launched Mahatma Gandhi Pravasi Suraksha Yojana scheme in _______ to protect Indian workers.
a) Singapore
b) Dubai
c) South Africa
d) London
Answer : b) Dubai

Question 2

On 29 Oct 2013, World’s first underwater rail link was opened by Turkey, which connects the continents _____.
a) Asia and Europe
b) Africa and Europe
c) Asia and

7 Steps in the Development of Islamic Economic Science

In my view, there are at least seven steps in the formulation and development of Islamic economic science. They are interlinked with each other. The first step is to identify an economic problem or an issue. It is to be followed by a search for the explicit or implicit guiding principles of the

Banking Careers

Banking Careers Are Booming

With the financial crises of the late 2000s, bank careers went into in a severe slump, making it difficult to find employment in this field. However, if you’re concerned that it’s going to be more difficult to find a job in banking than in other careers, don’t be. Your concerns were warranted, but the worst of the crisis has passed, according to most experts. Making things even better is the

How to Use an ATM and avoid hacking

Most of the people do not know how to use Automatic teller Machine (ATM). I do believe my topics will help you to use ATM easily. At first, we have to know about the basic manual hacking of Bank accounts using ATM Machines all over the World!
ATM is the acronym of automatic teller machine (ATM),which

All jobs sites of Bangladesh

bdjobs.com is the first and leading career management site in Bangladesh. Eight young business and IT friends backed by strong command over e-business and in-depth understanding of the needs of job seekers and employers in the country's context started this venture on July 2000.

Bdjobs.com has been able to get good response from a large number of organizations in the country who use online job advertisement facility, online CV bank access and online application receiving and processing facility of www.bdjobs.com. Till now, more than 10,000 employers in the country have recruited more than 3,50,000 professionals at different levels for their organizations through Bdjobs.com service.

No. of Unique Daily Visitors:     95,000 (on average)
Monthly Pageviews:     40 million
No. of Resumes :     9,00,000+
No. of Corporate Accounts:     10,000+

EXP Form

EXP Forms issued in quadruplicate & numbered serially. Signed by the exporter & certified by the branch. EXP Forms are properly entered in register with full particulars before issuance of the same.

The certified sets are to be submitted to the custom authority along with shipping documents by the exporter. The custom authority will fill up the necessary portion & return the duplicate, triplicate & quadruplicate copies to the exporter for submission of the same to the branch

Branch should taka care not to issues fresh EXP – From for the same consignment. If second EXP – Form is issued then the first EXP- Form will be kept unreconcilled in Bangladesh Bank. The utilization of the sets of EXP Form are as:

01.	Original	Custom authority forwarded it to Bangladesh Bank
02.	Duplicate	Branch submits to Bangladesh Bank with in 14 days from the date of shipment of goods
03	Triplicate	Branch reports to Bangladesh Bank after repatriation of the export proceeds
04.	Quadruplicate	Remains as the office copy of the branch.

(a) EXP Form Register:

i. Full particulars of EXP Form should be entered in the register & specimen is given below.

ii. A separate folio should be allotted in each exporter in the register for the purpose of recording the particulars of the EXP Form as well as to ensure that the relative forms are submitted to the branch along with the shipping documents allowed by the customs.

iii. If no shipment could be made with in a reasonable time, the exporters concerned should be asked to surrender the unused EXP Forms for customs.

iv. The cancelled EXP Forms should be filed in the file of the respective exporter.

Sl. No.	EXP Forms No.	Exporter particulars	Commodity	Amount in EXP Form	Date of certified	Certified officer’s Initial	Date of shipment
01	02	03	04	05	06	07	08

Bill No.	Date of Negotiation	Date of Submission Of Duplicate EXP	Date of Realization	Amount realized in F.C	Amount Paid to Exporter	Exchange Rate	Date of Submission Of Duplicate EXP
09	10	11	12	13	14	15	16

(b) Declaration on EXP Form

Before exporting any commodity, the exporter is required to declare on EXP Form, the full particulars of the export showing description, quantity, grade & value of exports as well as the country of imports, to the custom officer at the export point, under taking to repatriate the full export value to Bangladesh with in a period of 04 months through a Bank in Bangladesh. All the copies are to be properly & correctly filled in & signed by the exporter or his authorized agent before the same is submitted to customers.

(c) Checking of EXP Form

On receipt of the EXP Form the same shall have to be scrutinized to ensure the following:

i. All receipt of the EXP Form have been properly filled in & duly signed by the exporter or his authorized agent as recorded with the branch.

ii. The exporter is registered with CCI & E & the valid export registration number has been quoted on the EXP Form correctly.

iii. Arrangement has been made with the branch for payment of custom duty on export where applicable.

iv. Goods intended for export are permissible for export as per foreign exchange regulation.

(d) Certification of EXP Forms

Before issuing any EXP Form to an exporter the branch is required to give certificate in all the copies. The authorized official of the branch under proper stamp of the branch should sign this certificate. The customs officials will not accept declaration on the EXP Form unless all the copies bear the aforesaid certificate. In order to avoid any loss of foreign exchange to the country, branch should not certify any EXP Form unless they have satisfied them selves with regard of the following points.

i. About the bonafide to the exporter & foreign buyer, if necessary by making enquiry through foreign correspondents.

ii. The arrangements made for realization of full export proceeds covered by the relative EXP Form with in specific period.

iii. Arrangements has been made for receipt of title of goods like bill of lading, airway bill etc by the branch on shipment of the underlying goods.

iv. The EXP Form is signed either by the exporter or one holding valid legal power of attorney such that both the exporter & their attorney may be held responsible jointly & severally for repatriation of export proceeds.

v. In case of exports on CAD, T.R, D.A, care should be taken, as any L/C does not back terms of export.

vi. If shipment is proposed to be made against a charter party B/L, necessary confidential reports of the charter party should be obtained.

(e) Disposal of EXP Form by Customs

After passing the goods for export, the custom authority will certify with date of shipment of goods, on all of the EXP Form & forward the original copy (exchange control copy) to Bangladesh Bank & remaining 3 – copies to the exporter for forward transmission to the branch, who citified the EXP Form.

(f) Submission of EXP (second & third copy) to Bangladesh Bank

i. After shipment the branch will certify the duplicate copy of EXP Form under seal & signature & forward it to Bangladesh Bank with in 14 days from date of shipment along with a certified copy of commercial invoice.

ii. On receipt of the realization of export proceeds branch will certify triplicate copy of EXP Form & forward the same to Bangladesh Bank along with monthly statement supported by A-I schedule.

Shipping Guarantee

In absence of the original shipping documents, goods may be cleared by non-negotiable copies of the documents, against indemnity / shipping guarantee issued by the L.C opening bank on request of the importer. Before issuance of guarantee branch should have to observe following formalities:

i. Checking of Invoice & Non negotiable copy of Bill of Lading with L/C file are done and that shipment is effected before expiry of L/C & the invoice value is within the L/C amount & other particulars are in order.

ii. A letter of indemnity i.e. a counter guarantee is obtained from the importer.

iii. Retention of 100% margin made & Bank’s commission is realized.

Accounting Procedure

(a) Contra Transfer Voucher Dr. Bank’s liability for acceptance of L/C

Cr. Customers liability for acceptance of L/C

Dr. Customer’s liability S.G.

Cr. Banker’s liability on S.G

(b) A/C’s voucher Dr. Importer’s account

Dr. Margin / cash security on L.C

Cr. Margin / cash security on S.G

Cr. Income A/c Com / Charges

iv. On receipt of the original shipping documents following reversal vouchers are to be passed:

(a) Contra Transfer voucher Dr. Banker’s liability on S.G

Cr. Customer’s liability on S.G

(b) A/C’s voucher Dr. Margin / cash security on S.G

Dr. Importers account (if any)

Cr. MBE Account

Cr. Income A/c Com / Charges etc

iv. Entered in Shipping Guarantee Register, having following column:

Date	S.G No.	Name of Importer	L.C. No	Amount of Guarantee		Merchandise
				F.C	BTk.
01	02	03	04	05	06	07

B.L No & date	Charge recovered	Reversal date	Return of Indemnity	Remarks
08	09	10	11	12

Bill of Entry for consumption:

i. Detail statement of imported goods prepared by the importer / the C & F agent concerning description, nature & value of goods, payment of duty, sale tax, vat etc signed by custom`s authority.

ii. The importer must submit exchange control copy of custom bill of entry to AD branch within 04 months from the date of remittance. If it is not submitted with the period the matter should be taken up with the concern importer & promptly reported to Bangladesh Bank for further necessary action against the importer.

iii. Bill of entry & certified invoice submitted by the importer should be matched & checked with relevant duplicate IMP form & should be filed separately party wise & month wise for eventual inspection by Bangladesh Bank.

Pages

Saturday, March 26, 2016

Bank All Info

Bank All Info

50 banking words used in India

50 banking words used in India

Countries List in Asia continent

The Principle of Production

The Principle of Production

How to open Bank Account

How to open Bank Account

How to Prepare Bank Exams in India