Saturday, March 26, 2016

Bank All Info

Bank All Info

50 banking words used in India

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 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 Prepare Bank Exams in India

 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

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

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

why study international business?

why study international business?

There are many different reasons why students today need to learn more about international business.First, almost any large organization you work for will have international operations or be affected by global economy.You need to understand this increasingly important area in order to better asses career opportunities and to interact effectively with other managers.For example, as part of your first

What is International Business?

What is International Business?

Any business transaction between parties from more than one country is part of international business. Examples of such business transactions includes buying raw materials or inputs in one country and shipping them to another for processing or assembly, shipping finished products from one country

How to Use an ATM and avoid hacking

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

Friday, May 29, 2015

All jobs sites of Bangladesh

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 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


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.