Internship report on National Credit and Commerce Bank Ltd

8/13/2019 Internship report on National Credit and Commerce Bank Ltd

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NCC Bank Limited [OVERALL BANKING SYSTEM

OF NCCBL ]

Introduction

National Credit and Commerce Bank Ltd started its journey since 1985 as an investment

company in Bangladesh. The aim o the company !as to mo"ili#e resources$ develop country%s

&ndustrial and Trade 'ector and playing a catalyst role in the ormation o capital market as !ell.

&ts mem"ership !ith the "ro!se helped the company to a great e(tent in this regard. The

company operated up to 199) !ith 1* "ranches. Therea ter !ith the permission o the Central

Bank converted in to a ull ledged private commercial Bank in 199+. Their paid up capital !as

Tk. +9.,, crore at their starting period. 'ince its "eginning NCC Bank Ltd has ac-uired e(cellent

reputation "y providing sincere personali#ed service to its customers in a technology "ased

environment.

The Bank has set up a ne! standard in inancing in the &ndustrial$ Trade and oreign e(change

"usiness. &ts various deposit / credit products have also attracted the clients0"oth corporate and

individuals !ho eel com ort in doing "usiness !ith the Bank.

Direction & Management of NCC Bank Ltd

)+0mem"er "oard o directors$ including the chairman and a vice0chairman oversees the a airso the "ank. The managing director is its chie e(ecutive. The unctions o "ranches are carried

out under direction and surveillance o 2eneral 3anager and his 4eputy 3anager. The "ank had

58 "ranches and 1,18 employees. The registered head o ice o the "ank is at 4haka. The "ank

conducts traditional commercial "anking unctions as !ell as oreign e(change "usiness and

provision o other inancial services.

Capital Structure of NCC Bank Ltd

The "ank has a strong capital "ase. &ts authori#ed capital is T . )5,,.,, million !hile it6s paid

up capital is Tk.1),1.79 million. The share price o the "ank is par value Tk.1,,.,,. To meet the

overall re-uirement the "ank "orro!s rom Bangladesh Bank and other "anks and inancial

institutions. 'o ar the "ank has "een a"le to meet its capital ade-uacy re-uirement success ully.

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OF NCCBL ]

Corporate Culture of NCC Bank Ltd

NCC Bank is one o the most disciplined Banks !ith a distinctive corporate culture. &n this "ank$

it "elieves in shared meaning$ shared understanding and shared sense making. The people o "ank can see and understand events$ activities$ o"jects and situation in a distinctive !ay. They

mould their manners and eti-uette$ character individually to suit the purpose o the Bank and the

needs o the customers !ho are top importance to them. The people in the Bank see themselves

as a tight knit team amily that "elieves in !orking together or gro!th. The corporate culture

they "elong has not "een imposed. &t has rather "een achieved through their corporate culture.

Mission & Vision of NCC Bank Ltd.

Mission

To mo"ili#e inancial resources rom !ithin and a"road to contri"ute to gricultures$ &ndustry /

'ocio0economic development o the country and to pay a catalytic role in the ormation o

capital market.

Vision

To "ecome the Bank o choice in serving the Nation as a progressive and 'ocially esponsi"leinancial institution "y "ringing credit / commerce together or pro it and sustaina"le gro!th.

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Board of Directors

Tofazzal ossain

Chairman$ Board o 4irectors

!.S.M. Main "ddin Monem

:ice Chairman$

Board o 4irectors

!l#a$ Md. Nurun Ne%az

Chairman$

;(ecutive Committee o the Board

! dus Salam

Chairman$ udit Committee o the Board

Ma# u ul !lam Tara

4irector

'.( Ma#mud

4irector

Md. S#a#$a#an

4irector

Mo#ammad !li

4irector

4irector

Manzurul assan Talukder

4irector

)o$ e#an Banu

4irector

Masuda Begum

4irector

!n$uman !ra Begum

4irector

Mo#ammed Nurul !min

3anaging 4irector

*ak#rul !n%ar

4irector

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)ationale of T#e Stud+The purpose o the study is to make a "etter understanding o major activities and

pro"lems in the "anking sector o Bangladesh. By this !ay people can kno! ho! the

Bank6s o our country attempts to ind solutions in competitive "usiness environment. By

this study it is possi"le to kno! ho! NCC Bank provides their service$ ho! they interact

!ith their customer$ and ho! they earn pro it.

, $ecti-e of T#e Stud+

The primary o"jective o this study is to kno! the overall "anking activities o NCC

Bank Ltd. There are some speci ic o"jectives. These are as ollo!sC4?$

'avings 4eposit >'4?$ 'pecial 'aving 'cheme >'''?$ 'hort Term 4eposit >'T4?$ /

i(ed 4eposit eceipt > 4 ?. The interest rates are also distinctive or di erent kind o

account. 'uch as or 'avings account interest rate is *@$ or Current account interest rate

is ,@$ or 'hort Term 4eposit interest rate is 1,@$ and i(ed 4eposit interest rate is 9@

to 9.5,@. 'pecial 'aving 'cheme >'''? also kno!n as 4eposit Aension 'cheme >4A'? is

a monthly installment "asis account. &t is a more competitive product o NCCBL compare

!ith any other "ank6s 4A' account. 4ue to no deduction o money !hich they declared

a ter the maturity date o this account a huge amount o customer open it in NCCBL. The

interest rate also higher compare !ith any other "ank. &ts interest rate is 1).1,@.

/-aluation of !ccount ,pening !cti-ities

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ccount opening procedure o NCCBL is very good. They collected all the necessary

documents !henever they open an account. ,nl+ fi-e to ten minutes are re0uired to

open an account if all t#e documents are correct. 1eoples are %illingl+ comes to

open an account in t#is ank. T#e+ don2t need to force or con-ince to t#eir client to

open an account in t#eir ank.

There are some negative sides also of t#eir account opening acti-ities. Sometimes

peoples are #ig#l+ dissatisfied %#ene-er t#e+ found t#at lots of information t#e+

#a-e to pro-ide. T#e aut#orit+ of NCCBL does not manage an+ introducer for t#eir

potential client. 3it#out introducer it is not possi le to open an account. So t#e+

loss man+ ne% client. Still NCCBL perform t#eir transaction %it# c#e0ue ook.

1eoples are dissatisfied of t#eir traditional ser-ice. T#eir interest rate is not more

t#en #ig#er compare %it# t#eir competitor. 3#en t#eir ne% client fill up t#e

account opening prescri ed form t#en t#e account opening officer don2t input all

t#e information into #is computer s+stem. It is -er+ ad for future in0uir+.

1rocess of C#e0ue Book Issues

NCCBL provides three kinds o che-ue "ooks. These are current$ savings and ' 4 > ?.

Current che-ue "ook6s pages are consisting o t!enty to i ty pages$ savings account

che-ue "ook6s pages are consisting o ten pages and ' 4 > ? consists o t!enty pages.

hen they provide a che-ue "ook they deduct a charge !hich value is Tk 1) or savings$

Tk )+0 58 or current and Tk )+ or ' 4 > ?. Che-ue "ooks are provided "y t!o !ays$

one is providing "y re-uisition slip and another is direct re-uisition slip.

C#e0ue Book2s re0uisition slip4 Customers 'ervice icer receives these types

o slip rom the client6s and gives the che-ue "ooks under processing. Arocessingmeans Che-ue Book6s collect rom the volt and then put an account num"er in the

che-ue "ook$ !rite do!n the serial num"er o the che-ue "ook in the re-uisition

slip and che-ue "ook register$ then :eri ied client signature. ter all this things

the Arincipal icer sign in the che-ue leaves and sent the che-ue "ook to

another Arincipal icer or sign. ter his sign the client can receive the che-ue

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"ook. Then the o icer posting the serial num"er o the che-ue "ook6s lea in the

computer.

Direct re0uisition slip4 hen a ne! account is open then the o icer provides a

direct re-uisition slip to the ne! account holder or getting his her ne! che-ue

"ook. & an account holder "roke or lost his her e(isting che-ue "ook or

re-uisition slip then also these direct re-uisition slip is to "e provided.

/-aluation of C#e0ue Book Issue 1rocess

The che-ue "ook o NCCBL in not more secured. There is no security layer e(ist in theirche-ue "ook. 'o$ anyone can make copy or counter eit o their che-ue "ook. The che-ue

"ook6s lea is very short. &t is containing 1, to 5, lea s. Aeople !ant more lea in their

che-ue "ook. There are some positive sides also. They can issue a che-ue "ook very

-uickly. henever they issue a che-ue "ook it is checking three times.

!ccount Closing and Transfer !cti-ities

&n NCC Bank Ltd account is closing "y t!o !ays. ne is closing "y "anker$ and anotheris closing "y customer re-uest. & any customer doesn6t maintain any transaction !ithin

si( years or the account > C? "alance "ecomes lo!er than the minimum "alance$ "anker

has the right to inactive or closes an C. 'ometime many account "ecomes inactive due

to Bangladesh Bank6s circulation.

& the customer !ants to close their C$ they !rite an application to the manager and

re-uest him to close their C.

'ometime customer !ants to trans er their account to another "ranch o NCCBL. &t may

occur or many reasons. Transportation pro"lem$ home shi ting$ to get oreign e(change

acility$ are signi icant reasons to trans er account. 'ometime it may occurred to maintain

relationship !ith the "anker !ho trans er to the another "ranch.

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/-aluation of !ccount Closing and Transfer !cti-ities

NCCBL doesn6t maintain letter !ith their client !ho are irregular to continue their

account. 3any clients don6t kno! their account "alance is insu icient. & NCC Bank Ltd!arns their customer a"out their "alance statement then many o their account may not "e

closed. hen customers are !illingly !anted to close their account then there is no

prescri"ed orm availa"le in the "ank. This is a great pro"lem or uneducated customer

!ho doesn6t kno! ho! to !rite an application. & there is prescri"ed orm availa"le then

it is easy to apply to the "ank to close an account.

ccount trans er process o NCCBL is very good. Customers are not hampered i they

!ant to trans er their account to another "ranch..

)emittance Department !cti-ities

NCC Bank is the mem"er o 3oney 2ram and ' & T >'ociety or orld!ide &nter0

Bank inancial Telecommunication Net!orks?. Dsing the services o this glo"al net!ork$

non0resident Bangladesh nationals can send money rom a"road to their home country

!ithin a e! minutes !ithout any risk. NCC Bank has also arrangement !ith oreign

money e(change companies like D ; ;(change Co$ edha0 l0 nsari Co$ Alacide(press$ Ea"i" ;(press Company$ F0Aress 3oney etc.

/-aluation of )emittance Department !cti-ities

NCC Bank is an authori#ed dealer o many oreign maney e(change companies. But their

many oreign currency collections are per ormed "y 3oneygram. Customer "rings an

eight digit A&N num"er. 'ay it to the authori#ed o icer. Then the o icer trans ers the

amount to his her account. & the customer has no account in this "ank then the o icerissues a voucher e-uivalent o the amount.

This all steps are accomplished "y more secured !ay. Because !ithout the A&N num"er

and the avoring person money has not dis"ursed. lthough this total step is per orm "y

computer system. 'o there is not as much o possi"ility o error.

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!ccounts or Cas# Department !cti-ities

This department starts the day !ith cash in vault. &t should "e dealt very care ully. 'o this

department is to handle !ith highly secured consideration. ll cash receipts and payments are made through this department. 4epositors deposit money in their account

through this section "y deposit slip. This section also receives cash rom customer or

opening pay order$ Bank dra t. This department also responsi"le or cash payment against

the !ritten che-ue. ter matching signs and checking "alance authori#ed o icer pay

cash. ;lectricity "ill and 2as "ill also taken "y this department.

/-aluation of !ccounts or Cas# Department !cti-ities

There are ive cash o icers are al!ays dedicated to serve their client highly. They don6t

leave their place in service period !ithout any cause. Three CCT: cameras monitor all

the activities or security purpose.

Their cash department is not !ell decorated. lthough there is no A ' machine is e(ist in

the cash department. 3ost o the time ake note is ound in their cash department. &t is

ocus on their irresponsi"ility. No training session is occurred or their cash department6s

o icers.

C#e0ue Clearing Department !cti-ities

&n Bangladesh Bank there is a very large room !hich contains i ty or more ta"les or

each "ank that is called the clearing house. There are t!o types o clearing house. These

are as ollo!sBanks !hich are conducting !ithin 1km o Bangladesh Bank?). ) nd Clearing Eouse >Banks !hich are not conducting !ithin 1km o Bangladesh

Bank?

Clearing ouse 1rocess

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NCC Bank Ltd has a che-ue clearing department !here an o icer al!ays per orms to

complete this process. This process is starting !ith collecting other "anks che-ue rom

their client. The "ank takes the responsi"ility to collect the amount o money o this

che-ue on "ehal o their client rom the desired "ank. rom 9am to 1)pm this di erent

"ank6s che-ue and pay orders is collected. ter collecting these che-ues the authori#ed

o icer posting all this che-ue6s amount and the "ank6s name in the computer system.

Then the o icer print out a copy o this posted value. ter doing that the o icer sorting

all the che-ue "ank and "ranch !ise and attach a counter o every che-ue. ter doing

this jo" the o icers take so t copy in their pen drive. Then they !rite an advice copy

!here the total value is included or mentioning !hich is de"ited rom this "ank.

/-aluation of C#e0ue Clearing Department !cti-ities

Che-ue clearing department is very sensitive department or any "ank. By this

department NCC Bank Ltd take the responsi"ility to pass the other "ank6s che-ue on

"ehal o their client. t this "ank many o icer o their di erent "ranches are per ormed

o this process. Their clearing house is very active. No che-ue is dishonored !ithout any

reason. They pass the che-ue only i the amount is availa"le in the client6s account. Big

amount che-ue is passed "y the permission o higher authority.

1a+ment ,rder 51,6 Department !cti-ities

The Aay rder is an instrument issued "y "ank. &t should not "e dishonored "ecause the

customers purchase it "y cash payment. 3any government or private o ices !ant it !hen

someone applying or jo" or some time it is used or "usiness purpose. The maturity o

A is ten years.

& any customer !ants to take a Aay rder >A ? at irst he she deposit money and

commission along !ith A application orm. &n the application orm he she included

their necessary in ormation such as payee6s name$ date$ A no$ etc. ter checking and

approval o the instrument "y the authority$ it is delivered to customer. 'ignature o

customer is taken on the "ack side o the counterpart o Aay rder.

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/-aluation of 1a+ment ,rder 51,6 Department !cti-ities

The task o A issue is very sa e or any "anker. ;veryday NCC Bank Ltd issues i teen

to t!enty A . They can issue a A very -uickly. Their customers are very pleased or

their s!i t service. They use three seal and t!o signatures or issuing a A . Though using

these three signatures is very time consuming "ut it is much secured also. They maintain

a registered "ook. &n this registered "ook all the in ormation is included o every A .

They are using Bangla and ;nglish language or issuing a A . 'ome A is issued "y

Bangla and some A is issued "y ;nglish. 'o it makes con using !hen to add totalamount.

!d-ance Banking or Loan Department !cti-ities

dvance inancial products o NCCBL are mainly categori#ed "y Continuous loan$ Term

loan$ Loan under '3;. They provide loan "y assessing all the criteria as per Bangladesh

Bank La!. The interest rate o their loan product is ourteen to si(teen percent. They may

collect mova"le product or asset or the hundred percent cash payment against loan

dis"ursement. They are using C&B report$ C 2 rating !henever they lending money. By

C 2 rating they can determine the per ormance o any loan project. C&B >Credit

&nvestigation Bureau? is a prescri"ed orm provided "y Bangladesh Bank. &t has to

maintain or lending purpose.

Loan )eco-er+ !cti-ities

&t is the duty o the Bank to recover the landed und !ithin the speci ic time. & the

"orro!er ails to repay the money !ithin the mentioning period "ank !ill declare him as

a de aulter. Bank recovers the und "y selling the securities given "y the "orro!er or "y

ree#ing his account.

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ecovery o loan can "e made "y three !ays. These are Aersuasive$ voluntarily$ and

legally.

Aersuasive recovery means i the "orro!er didn6t paid the due amount o loan in timethen the irst step o "ank is private communication !ith him. &t creates a mental pressure

on "orro!er to repay the loan amount. &n this case "ank can provide some advice to the

"orro!er or repaying the loan.

:oluntarily recovery method is applying "y some steps. These are "uilding task orce$

a rranging seminar$ loan rescheduling policy$ !aiver o interest rate$ etc.

hen all steps ail to keep an account regular and the "orro!er does not pay theinstallments and interests then "ank take necessary legal steps against the "orro!er.

/-aluation of !d-ance Banking or Loan Department !cti-ities

ter dis"ursing any loan they continuously monitor it. They maintain letter to

communicate !ith their loan customer. & any loan installment is overdue they

immediately negotiate !ith the "orro!er. Their every employee o advance department is

highly educated and smart. Their loan customers get highly support rom this "ank.

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!ppendi7

Aer ormance at 2lance o NCC Bank Ltd

Aarticulars Taka in million),,+ ),,= ),,5 ),,* ),,7uthori#ed Capital 75,.,, 75,.,, )$5,,.,, )$5,,.,, )5,,.,,

Aaid up Capital 55).55 *,7.81 975.,= 1$),1.79 1+5).,1eserve und 51,.7+ 7*1.18 88=.9, 1$)15.58 1995.+*

;-uity und 1$,*+.)8 1$,*9.)+ 1$859.9= )$=17.+7 ++)*.5)

4eposits1=$*7+.=

)1*$,*9.)

+)1$=78.)

))8$1=7.+

= +=9,1.77

Loans and dvances1)$85,.8

515$)11.1

5),$5++.1

+)=$*78.+

* +)*87.75&nvestment )$9**.,) =$+85.)+ +$,1,.=5 +$55).,8 *)**.*)

etained Aro it ,.5= 1=.)8 1,.+1 7.8+ 8.1+

&mport Business1+$,89.9

=1+$)7=.,

81*$)9*.+

,17$*=*.8

, )8779.)1;(port Business =$9*7.++ 5$771.*5 7$77*.+, 8$557.,, 9577.9)4ividendG Cash >@? 1,.,, 0 1,.,, 1,.,, 0Bonus >@? 1,.,, +,.,, 1,.,, 1).5, +,.,,

perating income )$)*).8* )$)8+.+7 )$9+).,, +$91+.19 5)*9.,+perating ;(penses 1$*+7.9) 1$5*).88 1$91+.** )$*=5.*) +=88.78

Aro it Be ore Ta( *)=.9= 7),.=9 1$,18.+= 1$)*7.57 1+5*.+)Aro it ter Ta( 79.1) )85.1* +5).,8 =79.)) *77.18

Total ssets17$=+9.9

+)1$=*9.,

))*$11=.1

++)$*15.,

1 =)5)).85i(ed ssets +,,.=1 )97.)) +,8.1= +5+.71 5)).,,

,.=5@ 1.++@ 1.+5@ 1.=7@ 1.59@; 1*.1,@ ),.8+@ 18.9+@ 19.8)@ ),.)+@

;A' +,.99 =*.91 +*.11 +5.== 5,.,9;nd o year share price >Tk.? 189.75 5==.75 +1).75 )89.)5 ==1.5Capital de-uacy atio 9.,1 9.,5 9.,) 9.78 1,.*1

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OF NCCBL ]

Non per orming Loans as @o Total dvances

9.75 7.87 =.8) =.95 =.17

:olume o Non0per ormingLoans 1$)5+.+5 1$188.=, 981.5= 1$)1).)* 1+5+.+1

dvance 4eposit atio >@? 87.58@ 9=.**@ 95.*,@ 87.*8@ 9+.**@mount o provision againstclassi ied loans 7++.8* *5,.,* =,5.75 5)+.58 *==.11

mount o provision againstunclassi ied loans 118.+= 1+8.9, ),).1= )8).,9 +88.78

,rgan gram of NCC Bank Ltd

Business , $ecti-es of NCCBL

3ake good relationship !ith client / sound investments

3eet capital ade-uacy re-uirement at all the time

;nsure 98@ recovery o all advances

;nsure a satis ied !ork orce

ocus on ee0"ased income

dopt an appropriate management technology

&nstall a scienti ic 3&' to monitor Bank6s activities

1roduct & Ser-ices

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!. *inance8Loans4

B. *oreign /7c#ange4 Non esident oreign Currency

4eposit ccount >N C4?

Non esident B4T 4eposit

ccount >N T ?

esident oreign Currency

4eposit ccount > C4?

oreign Currency 4eposit

ccount

3oney2ram

D ; ;(change

Alacid ;(press

ra" National Bank > NB?

4haka Hanata

Ea"i" Iatar

l ardan

C. Deposit Sc#eme4

NCC Bank 'pecial 'avings 'cheme>'''?

i(ed Term 4eposit > 4 ?

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Cash Credit 'ecured verdra t

Bank 2uarantee Long Term and 'hort term inancing Eouse Building Loan Car Loan 'mall Business Loan

Loan gainst &nvestment &nland Bill Aurchase Lease inance 'chemed Aersonal Loan scheme estival 'mall Business Loan 'pecial Eouse Building Loan Credit Card


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OF NCCBL ]

'hort Term 4eposit >'T4?

'aving Bank ccount >'B C?

Current 4eposit ccount >C4 C?

T+pes of !ccounts

Current Deposit

&nterest ate ,.,,@

&ndividual ccount

Hoint ccount

Aroprietor 'hip ccount

Limited Company ccount

S#ort Term Deposits

&nterest ate 1,.,,@

&ndividual ccount

Hoint ccount

Aroprietor 'hip ccount

Limited company ccount

Page 16 of 30

Sa-ings Deposits &nterest ate *.,,@ &ndividual ccount Hoint ccount Aroprietor 'hip ccount Limited Company ccount

*i7ed Deposit &nterest ate 909.5,@ &ndividual ccount Hoint ccount Aroprietor 'hip ccoun Limited company ccount


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*i7ed Deposits G

i(ed deposit is one$ !hich is repaya"le a ter the e(piry o a predetermined period i(ed "y

account opener. The period varies orm + months to 1) months. These deposits are not repaya"leon demand "ut they are !ithdra!a"le su"ject to a period o notice. Eence$ it is a popularly

kno!n as JTime 4eposit6 or JTime Lia"ilitiesK. Normally the money on a i(ed deposit is not

repaya"le "e ore the e(piry o a i(ed period.

Interest )ate of *D) at NCCBL

or + months9.5,@

or * months9.)5@or 1) months 9.,,@

The 4 "ecomes rene!ed automatically in NCCBL i the customer does not !ithdra! it a ter

the date o maturity.

C#ecklist of Documents to e , tained for Various T+pes of !ccounts

Sa-ing !ccount4

Collect an ccount opening orm rom the Bank.

ill all the re-uirements o the orm.

Nominee is to "e speci ied i the applicant re-uired.

) copy passport si#e photograph !ith introducer6s signature and account num"er

The account holder sign o his her o!n sel in ront or the speci ic "ank Arinciple icer

in the account opening orm.

National &4 card6s photocopy

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Current Deposit !ccount G

Collect an ccount opening orm rom the Bank.

ill all the re-uirements o the orm.

Nominee is to "e speci ied i the applicant re-uired Ahotograph is most important or

any account.

National &4 card6s photocopy

Sole 1roprietors#ip4

Ahotograph o signatories attested "y introducer.

Copy o valid Trade License.

T&N Certi icate.

180 permission rom Bangladesh Bank

'ignature !ith "usiness seal

1artners#ip4

'ignature Card

Ahotography o signatories attested "y introducer

Aartnership 4ee

Aartners letter o authority to open account and authori#ation or operation

Copy o valid Trade License

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180 permission rom Bangladesh Bank

Limited Lia ilit+ Compan+

'ignature Card

Ahotograph o signatories attested "y introducer.

Copy o 3emorandum and rticles o ssociation

Copy o Certi icate o &ncorporation and commencement o "usiness >&n case o pu"lic

Ltd. Co?

Copy o Board esolution to open the account and authori#ation or operation.

List o 4irectors and signatories along !ith addresses

'ignature !ith company seal

!ssociation8Trust8Societ+4

'ignature Card

Ahotograph o signatories attested "y introducer

Copy o esolution o governing "ody to open the account and authori#ation or

operation

Copy o consolation "yla!s rules.

Certi icate o registration

List o authori#ed signatories and mem"ers o the governing "odies along !ith address

Trust 4eed

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Ser-ices of NCC Bank Ltd.

Brokerage Eouse

3em"er$ 4haka 'tock ;(change Ltd.

ull 'ervice 4epository Aarticipant

Treasury 'ervice

Arimary 4ealer o 2ovt. pproved 'ecurities

emittance 'ervice

Correspondence arrangement !ith more than ++, inancial &nstitutions all over the

orld or age ;arners emittance they have gency arrangement !ith 1) reputed ;(change

Eouses covering major locations.

NCC Bank Card Di-ision

NCC Bank has launched its :isa Credit Card 'ervice on ugust ))$ ),,5 and they are o ering

three types o cards !hich are :isa Classic$ :isa 2old >Local? and :isa 4ual Currency Card

>2lo"ally and locally?. 'ince then !ere a"le to reach 5,,, cards$ "oth corporate and general.

3#+ NCC Bank Credit Card9

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OF NCCBL ]

Lo!est interest rate in the country >)@ per month?

4ual Currency :isa Credit Card

ne supplementary card ree o cost or li etime >'pouse only?

Treasure point acilities including oreign part

'hortest process or 4ual Currency card$ only )= hours

oaming 3o"ile Ahone "ill payment acilities

Dse o additional 1=) T36s Booth and *,, A ' o 4utch0Bangla Bank

T#eir Commitments

They promise the ollo!ing servicesG

4edicated service at client6s door steps

'porty

aster service

'ecurity o cards

Team !ork

Transparency

Iuick decisions

3ide )ange of !cceptance

NCC "ank :isa Credit Card is accepted at over 5$,,, merchant outlets around the country. Their

!ide range o merchants include Eotels$ estaurants$ irline and Travel gents$ 'hopping

3alls$ Eospitals$ He!ellery 'hops$ 3o"ile Ahone and &nternet 'ervice Aroviders$ Aetrol Aumps

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OF NCCBL ]

and many more. No! NCC Bank :isa Credit Cards can also "e used at all 1=) T36s Booth

and *,, A ' >Aoint o 'ale? o 4utch0Bangla Bank.

Instant Cas# !d-ance

Clients do not need to carry cash any more i they have a NCC Bank Credit Card. They can

!ithdra! cash up to 5,@ o their credit limit rom any T3 across the country that sho!s :isa

logo.

Credit *acilities

NCC Bank :isa Credit Card o ers ree Credit acility up to =5 days and minimum o 15 days

!ithout any interest >Aurchase only?.

Supplementar+ Card

NCC "ank :isa Credit Card holder can also enjoy spouse Credit Card ree o cost or li etime

and issue more 'upplementary card

)e%ard 1rograms

s a NCC Bank :isa Credit Card holder$ client !ill accumulate Treasure points or every

purchase made "y using :isa Credit Card. or every Tk. 5, and D'4 1 spent on their Credit

Card and !ill earn 1 and 1.5 Treasure Aoint accordingly and "e closer to redeeming the re!ard

o their choice.

*le7i le 1a+ment ,ption

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OF NCCBL ]

ith the NCC Bank :isa Credit Card$ customer have the convenience to pay as little as 5@ o

their outstanding >or Tk. 5,,$ !hichever is higher? on the Card account every month$ thus having

the po!er and le(i"ility to plan their payments.

!uto:De it 1a+ment *acilit+

ith the NCC "ank Credit Card$ customer no longer has to stand in long -ueues or paying their

monthly "ill. They can pay their monthly "ill through NCC Bank ccount "y instruction uto0

4e"it.

Corporate Visa Credit Card

The ne! dimension o NCC Bank :isa Credit Card is Corporate Credit Card !hich has already

started to "ene it the Corporate Eouses.

, $ecti-e of Corporate Customers

ast and ccurate 'ervices

; ective Communication

ttractive Aricing > nnual ee 5,@ discount on card ee?

'trong Communication

'miling aces o the Bankers

2ood m"ience in the Bank

Balance Transfer *acilities

& anyone holds other Bank Credit Card$ then NCC Bank !ill issue a credit card !ith e-uivalent

limit and !ill issue a pay order "y de"iting card C rom "alance trans er option or the

e-uivalent amount o total outstanding in order to ull settlement and cancellation o other Bank

C.

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OF NCCBL ]

)emittance 1roducts

'pecial &nterest rate on 'avings and Term 4eposits

age ;arners el are 4eposit Aension 'cheme

Loans or eal ;state >Land purchase and Eouse construction renovation?

dvance against egular emittance

Indicati-e )ates

4eposit Aroducts

'avings Bank 4eposit C ,*.,,@

'hort Term 4eposit C 1,.,,@

'pecial 'avings 'cheme 1).1,@

4 MThree 3onth 9.5,@

4 M'i( 3onth 9.)5@

4 M ne Oear 9.,,@

!d-ance 1roducts

National Credit and Commerce Bank Limited is a ne! generation Bank. &t is committed to

provide high -uality inancial services products. Bank is a service oriented industry and deals

!ith various inancial products. dvance inancial products o NCCBL are mainly categori#ed

as under ? is a loan account in avoring o NCCBL6s client !ho has also a deposited account in

NCCBL such as 'pecial 'aving 'cheme or i(ed 4eposit eceipt. They collect loan rom this

account 8,@ o total amount o their deposit account !ithout any collateral. The interest rate is

1=@ or this account.

S,D 5;6 Secured ,-er Draft 5;eneral6

This is also a loan account. The loan collector can collect loan rom this account "y lean their

!ork order !ith the "ank. The "ank give the guarantee on "ehal o loan collector to the

"ene iciary company that they !ill give the amount o money o this !ork order i the collector

are ailed. Then the "ank gives 8,@ o total value o the !ork order. nd a ter completed some

portion o the !ork !hen the loan collector get irst payment o this !ork rom the "ene iciary

company then he she give it to the "ank. By the end o the last payment !ith interest the loan

collector can close their ' 4 > ? account. Eere the interest rate is 1=@ and commission is

1,,, taka or processing ee.

CC 5 +pot#ecation6

The mortgage o mova"le property or securing loan is called hypothecation. Eypothecation is a

legal transaction !here "y goods are made availa"le to the lending "anker as security or a de"t

!ithout trans erring either the property in the goods or either possessing. 'ince the goods al!ays

remain in the physical possession o the "orro!er$ there is much risk to the "ank. 'o$ it is granted

to parties o undou"ted means !ith highest integrity. &nterest rate is 1*@.

CC 51ledge6

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OF NCCBL ]

&n case o pledge$ the "ank ac-uire the possession o the goods or a right to hold goods until the

repayment o loan and "ankers have special right to sell a ter due notice to the "orro!er in the

event o non0repayment. &nterest rate is 1*@.

Term loan4

ouse Building Loan

This loan is provided against 1,,@ cash collateral$ "esides< the land / "uilding are also

mortgaged !ith the "ank. &nterest rate is 1*@ p.a. overdue installment o this loan is o"liged to

pay very shortly.

Lease *inance

This type o inancing are usually provided to transportation sector. No! a day this Lease

inancing is one o the popular inancing projects. ate o interest is 15@.

Loan under SM/

Consumer Credit Sc#eme

This scheme is aimed to attract consumers rom the middle and upper middle class population

!ith limited income. The "orro!er should have saving or current deposit account !ith the "ank.

3inimum )5@ o the purchase cost o the product is to "e deposited "e the "orro!er !ith the

"ank is e-uity "e ore the dis"ursement o the loan. The rest 75@ is to "e kept as cash collateral!ith the "ank.

3orking capital loan

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OF NCCBL ]

Loans allo!ed to the manu acturing unit to meet their !orking capital re-uirement$ irrespective

o their si#e "ig$ medium or large all under the category.

ouse )epairing8)eno-ation Loan

This loan is o ered or renovation and moderni#ation o the house "uilding lat. The genuine

residential o!ners can avail this kind o loan. Loan can "e repaid "y monthly e-ual installments

including interst !ithin ma(imum 5 years. &nterest rate is 1*@.

Small Business Loan

This loan is o ered to the small and promising entrepreneurs to meet their capital re-uirement

and ena"le them to operate and e(pand the "usiness purposely. The range o this type o loan is

one to ive lac taka.

1ersonal Loan

This loan is provided to salaried persons in various organi#ations to meet any emergency cash

needs. &nterest rate is 15@ p.a. and ma(imum credit ceiling is Tk1$ ,,$,,, 0

Loan sanctioning 1rocedure in NCC Bank Ltd

4ocuments re-uired or the proposal o loan

1. e-uest or credit limit o customer

). Aroject pro ile o pro ile o "usiness

+. Copy o trade license duty attested

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OF NCCBL ]

=. Copy o T&N >Ta( &denti ication Nu""er? certi icate

5. Certi icate copy o 3emorandum and eticles o ssociation$ certi icate o

incorporation$ certi icate o commencement o "usiness$ resolution o the "oard$

partnership deed >!here applica"le?

*. Aersonal net !orth statement o o!ner$ directors$ partners etc

7. :aluation certi icate o the collateral security in "ank6s orm !ith photograph security

8. C&B >Crediot in ormation Bureau? in-uary orm duly illed in > or Aroposal 1, lac?

9. 'tock report duly veri ied >!here applica"le?

1,. &ndent Aro orma invoice Iuotation

11. Arice veri ication report

1). 'tatement o accounts

1+. 4eclaration o the name o the sister consern and their lia"ility

Steps In-ol-ed on t#e Sanctioning a Loan

1. The applicant needs to apply in prescri"ed application orm

There are three prescri"ed orms as illed up$ these are icer?$ NCC Bank Ltd$ 3irpur Branch

). 3rs. Tania > icer?$ NCC Bank Ltd$ 3irpur Branch

+. 3d. "u Oousu $ 3anaging 4irector$ Aaci ic urnishers Ltd

=. !!!.ncc"ank.com."d