Internship Sadman

Chapter-1
Introduction of the Report
1.1 Introduction
Banks plays an important role in the business sectors and in the industrialization of a country.
Basically, the banks take deposits from the customers against interest and land it to the
borrowers against interest for a cessation period. Under these circumstances of banks offers
different interest rates and other options to the customers to remit and deposit their money.
These options are very common among the entire bank, but only the customer services and
other facilities vary from bank to bank. Deposit help to build a saving attitude of people.
Deposit scheme forces people to deposit their money. That means it increase their saving. As
we know that savings inject money in the society in Investment form. But in our country
people do not have sufficient money for saving at a time as many people of Bangladesh is
still remain under poverty line. So, they save a small portion of their income regularly, then
that small amount will become a huge figure which will help them to meet their urgent
requirement as well as it will also progress the economy. So, if they come under the deposit
scheme of “Agrani Bank PLC” according to the range of their income then they can easily
accumulate big amount after a given period.
Origin of the Report:
Internship a practical course of BBA program of the Faculty of Business Studies of Comilla
University. This is an individual report. I have been working at “Agrani Bank PLC,
Monohorpur Branch, Cumilla” for the last 3(Three) months and supervised by experienced
executions and officers to have general idea about “Deposit Schemes” of a public commercial
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bank in Bangladesh. The standard procedure for the long, formal report is followed here as
per my internship instruction.
To fulfil this requirement, I worked as an intern in Agrani Bank PLC, Monohorpur Branch
Cumilla. For the internship my preference was in banking products. I submitted resume to
different institutions but appointed as an Internship Trainee of the ABL. My assigned topic is
Internship Report on Deposit Schemes of Agrani Bank PLC: A Study on Monohorpur
Branch, Cumilla which is assigned by my supervisor in the department. On the basis of
working experience in the internship period, I have prepared this report and I have tried my
level best to relate the theoretical knowledge with the practical work situation.
1.2 Objectives
Broad Objective:
The Broad objective of the study is to analyze Different Deposit Schemes offered by
Agrani Bank PLC, Monohorpur Branch, Cumilla.
Specific Objectives:
The specific objectives of the study are given as:
1. To examine the deposit appraisal procedures followed by Agrani Bank PLC.
2. To analyze various deposit schemes of Agrani Bank PLC.
3. To find out some problems of the deposit activities of the Bank.
4. To recommend some suggestions for further development of ABL.
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1.3 Scope
The report was entirely produced based on three months’ Internship observations at “Agrani
Bank PLC, Monohorpur Branch, Cumilla.” The institution offers the genuine knowledge and
information on this subject.
The organizational part of this report will provide the information of organizational structure,
background, objectives, products and services of ABL. The main part covers the differences,
among the last 5(Five) years of various types of Deposit Schemes offered by ABL,
Monohorpur Br., Cumilla. At the last part of the report there will be some recommendations
for ABL to improve their deposit related services.
1.4 Methodology
This report is based on the primary and secondary data. This report also bears the practical
knowledge of individual worked at the particular branch during the master paper period. So,
the methodology is the mixing of secondary data with practical knowledge.
In order to make the report more meaningful, two sources of data have been collected.
Primary Sources of Data:
i. Data gathered from various division of bank.
ii. Primary work exposure with Agrani Bank PLC.
iii. Face to face conversation/interview with the bank officials and observations.
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Secondary Sources of Data:
i. Annual report of Agrani Bank PLC.
ii. Printed forms and documentation supplied by ABL.
iii. Different Publications and Journals regarding banking activities and policies.
iv. Website of Agrani Bank PLC (www.agranibank.org).
1.5 Limitations
Although efforts will be made to make the report as comprehensive as possible, nevertheless,
the following limitations have been identified for the preparation of the report.
i. Time is main point of limitation for this wide range of study. Due to the time limit, the
scope and dimension of the report may not be broadened.
ii. There is a lack of sufficient secondary data.
iii. Data insufficiency limitation is the main constraint in the development of the report.
iv. As I am a not an employee of ABL, some data could not be collected due to internal
security of the bank.
v. Due to lack of experience, there is a chance of having some mistake in the report,
though best effort has been applied to avoid any kind of mistake.
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Chapter-2
Organizational Overview
2.1 History of Agrani Bank PLC
Agrani Bank emerged as a Nationalized Commercial Bank following the Bangladesh Banks
(Nationalization) Order 1972 vide President’s Order No. 26 of 1972 under which former
Habib Bank Limited and Commerce Bank Limited and renamed as Agrani Bank. The Bank
was incorporated as a State-owned Commercial Bank on 17 May 2007 under the Companies
Act 1994. On a going concern basis, Agrani Bank PLC took over the business, assets,
liabilities, rights and obligations of Agrani Bank through a vendor’s agreement signed on 15
November 2007 between the Ministry of Finance of the People’s Republic of Bangladesh and
the Board of Directors of ABL with retrospective effect from 01 July, 2007. Agrani Bank
PLC is governed by the Board of Directors consisting of chairman, 5 Directors and MD &
CEO at present. The Bank is headed by the Managing Director & Chief Executive Officer;
Managing Director is assisted by Deputy Managing Directors and General Managers. The
bank has 11 Circle offices, 53 zonal offices and 37 Divisions in head office. ABL has been
able to create 974 branches including 36 corporate, 43 AD (authorized dealer) branches
widely distributed and is a technology pioneer, with all branches providing real time online
banking. We also have five subsidiaries: a merchant bank, a small and medium sized
enterprises (SMEs) financing company and remittance house in Singapore, Malaysia and
Canada.
Agrani Bank PLC is the First state-owned Commercial Bank in Bangladesh to introduce
Agent Banking. Currently ABL has 400 agent booths who are operating Agent Banking
activities around the rural areas of Bangladesh. In Agrani Bank PLC, Islamic Banking system
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is operated under 'Islamic Banking Unit' since February 28, 2010. Currently Islamic banking
system is being operated through 60 windows.
Vision:
To become the best leading state-owned commercial bank of Bangladesh operating at
international level of efficiency, quality, sound management, excellent customer service and
strong liquidity.
Mission:
To operate ethically and fairly within the stringent framework set by our regulators and to
assimilate ideas and lessons from the best practices to improve our business policies and
procedures to the benefit of our customers and workforce.
Core Values:
We value integrity, transparency, accountability, dignity, diversity, growth and
professionalism in providing high quality of services to all our customers and stakeholders
inside and outside the country.
Motto:
To adopt and adapt modern approaches to remain supreme in the banking arena of
Bangladesh with global presence.
Objectives:
Agrani Bank provides commercial banking services to almost every type of people. The
range of services provided by the Bank includes- making loans and advances, accepting
deposits, discounting bills, directing domestic and international money transfers, carrying out
foreign Exchange transactions in addition to international money transfers, and offering other
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customer services such as safe keeping, collections and issuing guarantees, acceptances and
letters of credit. Core business of the Bank includes- deposit mobilization and lending
activities including short- term, long- term, import and export financing. Financing activities
are extended to different sectors of the economy that could be grouped in to several sectors
including Rural & agriculture, Garments & Textiles, Jute, Cement & Bricks, Tannery, Steel &
Engineering, Food & Beverage, Chemical & Pharmaceuticals, Printing & Packing, Glass &
Ceramics and miscellaneous. The core and highlighted strategic objectives are:
1. Winning at least 7.00 percent share of deposits and 5.50 percent share of loans and
advances of Bangladeshi market.
2. Gaining competitive advantages by lowering overall cost compared to that of
competitors.
3. Overtaking competitors by providing quality customer service.
4. Achieving technological leadership among the peer group.
5. Strengthening the Bank’s brand recognition.
6. Contributing towards the economic well-being of the country by focusing particularly
on SME and agricultural sectors.
7. Strengthening research capability for innovative products and services.
8. To facilitate and handle all kinds of commercial banking services to its customer
authorized by Bangladesh Bank.
9. To handle the export and import trade of Bangladesh.
10. To take part in international banking etc.
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2.2 Hierarchy- Head Office
Agrani Bank PLC is governed by a Board of Directors consisting of 13(thirteen) members
headed by a Chairman. The Bank is headed by the Managing Director & Chief Executive
Officer; Managing Director is assisted by Deputy Managing Directors and General Managers.
The bank has 10 Circle offices, 30 Divisions in head office, 53 zonal and 969 branches
including offices 27 corporate and 40 AD (authorized dealer) branches.
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2.3 Corporate Information- Head Office
(According to ABL Annual Report 2022)
Name of the Company Agrani Bank PLC
Chairman Dr. Zaid Bakht
Managing Director & CEO Md. Murshedul Kabir
Company Secretary S.M. Tauhide Rabbani
Legal Status Public Limited Company
Date of Incorporation 17 May 2007
Registered Office 9/D Dilkusha Commercial Area, Dhaka - 1000, Bangladesh.
Authorised Capital Tk. 2500.00 Crore
Paid Up Capital Tk. 2072.29 Crore
Net Profit Tk. 111.00 Crore
No. of Employees 10,140
No. of Branches 969
Phone-PBX +88-02-9566160-9, +88-02-9566153-4, +88-02-9566074-5
FAX +88-02-9562346, +88-02-9563662, +88-02-9563658
SWIFT AGBKBDDH
Website https://www.agranibank.org/
E-mail agrani@agranibank.org
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2.4 Products and Services
1. Deposits 1) Savings Bank Account
2) Current Deposit Account
3) Special Noticed Deposit Account
4) Fixed Deposit Receipt Account (FDR)
5) Monthly Profit Deposit Scheme
6) Agrani Bank Pension Scheme (APS)
7) Agrani Bank Bisesh Sanchay Scheme (ABS)
8) Agrani Bank Quarterly Income Scheme
9) Agrani Bank Sanchay Pension Scheme
10) Agrani Bank Double Benefit Scheme
11) Agrani Bank Millionaire Deposit Scheme
12) Agrani Bank Lakhpoti Deposit Scheme
13) Agrani Bank Probash Deposit Scheme
14) Agrani Bank Nari Amanot Scheme
15) Agrani Bank Senior Citizen Savings Scheme
16) Agrani Bank Wages Earners Deposit Scheme
17) Agrani Super Saving Scheme
18) Agrani Education Scheme
19) Student Super Savings Scheme (S4)
20) Agrani NRB Deposit Scheme
2. Loans and Advances 1) Personal Loan
2) Any Purpose Loan
3) Freedom Fighter Loan
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4) Loan Against Pension Vata of Retired Govt.
Officer/Staff
5) Agrani Bank Loan for Overseas Worker (ALOW)
6) Green Banking Finance
7) Short Term SME Loan
3. Cash Services 1) ATM Service
2) Cheque Encashment
3) Foreign Currency
4. Fund Transfer 1) Inter-Branch Money Transfer
2) SWIFT
3) Telegraphic Transfer (TT)
4) Issuing Foreign Draft
5) Encashing Foreign Draft
6) Bangladesh Electronic Fund Transfer Network
(BEFTN)
7) Bangladesh Automated Clearing House (BACH)
8) Online Deposit to Accounts
9) Real Time Gross Settlement (RTGS)
5. Other Foreign 1) Documentary Bill Collection
Exchange Services 2) Advanced Payment for Import & Export
3) Foreign Remittance (Incoming & Outgoing)
4) Forex Currency Endorsement Against Passport
5) Issuance of Draft, TT
6) Collection of Draft, Cheque, TC
7) Opening of Student File, Medical File
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2.5 SWOT Analysis
SWOT Analysis is the detailed strategy of an organization’s exposure and potential in
perspective of its strength, weakness, opportunity and threat. This analysis used the
organization to make their existing line of performance also foresee the future to improve
their performance in comparison to their competitors. By SWOT Analysis, an organization
can also observe their current position. It can also be considered as an important tool for
making changes in the strategic management of the organization.
SWOT is an acronym for the internal strength and weakness of a firm and the environmental
Opportunity and Threat facing that firm. So if we consider Agrani Bank as a business firm
and analyze its strength, weakness, opportunity and threat the scenario will be as follows:
Strengths:
➢ Emphasis on promoting financial inclusion.
➢ Managing and maintaining reputation and brand image.
➢ Comprehensive Credit Rating over the years.
➢ Good Banker-Customer relationship.
➢ Innovative products and services.
➢ High Standards governance practices.
➢ Strategically expansion of our footprint to targeted locations.
➢ Continuous investment in digital technologies to drive growth.
➢ Continuous training and up-skilling of our employees.
➢ Strong Capital Base.
➢ Young and Enthusiastic Work force.
➢ Efficient Cost to income ratio.
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Weaknesses:
➢ Varied Products and Services.
➢ Considerable concentration on Large Loan.
➢ Reliance on Industry Culture.
➢ Lack of proficient manpower in some departments.
➢ Limited Advertisement and Publicity of Bank's Product and Services.
➢ Mitigate risks by diversifying their income and geographic concentration.
➢ Foster ongoing communication and collaboration with regulators.
Opportunities:
➢ Continuous expansion in new business areas to include unbanked/under banked
population pools.
➢ Enhance customer engagement for securing our position as a leading Bank.
➢ Scope in digital Financial Inclusion.
➢ Diversified Investment.
Threats:
➢ Liquidity problem in the banking industry.
➢ Looming Economic crisis because of Supply Chain disruption due to ongoing Russia
and Ukraine war.
➢ Higher Inflation.
➢ Increasing trend of NPLs (Non-Performing Loans).
➢ Reduction of Foreign Reserve.
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Chapter-3
Theoretical Framework
3.1 Deposit
A Deposit is a financial transaction in which a person or entity places money into a bank
account. This process involves the transfer of funds from the depositor to the bank, with the
expectation that the deposited amount can be withdrawn or accessed at a later time. Bank
deposits are a fundamental component of the banking system and play a crucial role in the
overall economy.
Depositors use bank accounts to safeguard their money, earn interest, and facilitate
transactions. By depositing money into a bank, individuals and businesses can keep their
funds in a secure place, access banking services, and potentially earn interest on their
balances. Some types of bank deposits, such as savings accounts and CDs, may accrue
interest over time. The bank compensates depositors with interest payments as a reward for
keeping their money in the bank. The interest rates can vary based on the type of account and
prevailing market conditions. Deposits are generally considered safe because they are often
backed by government deposit insurance, which protects depositors up to a certain amount in
case the bank encounters financial difficulties. In the United States, for example, the Federal
Deposit Insurance Corporation (FDIC) insures deposits in member banks. Deposits contribute
to the overall functioning of the economy by providing a stable source of funds for banks to
lend to individuals, businesses, and other entities. This lending, in turn, supports economic
growth and development.
In summary, a deposit involves placing money into a bank account for safekeeping, potential
interest earnings, and the convenience of conducting financial transactions. It serves as a
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foundational element in the financial system, supporting economic activities and providing a
secure environment for individuals and businesses to manage their funds.
3.2 Deposit Schemes
Deposit schemes refer to various financial products or plans offered by banks and financial
institutions to attract deposits from individuals, businesses, and other entities. These schemes
are designed to cater to the diverse needs and preferences of depositors while providing them
with opportunities to earn interest on their deposited funds. Different types of deposit
schemes may offer varying interest rates, terms, and features.
There are several types of deposit schemes are available in ‘Agrani Bank PLC’ but I’ll
discuss about those schemes which are available in ‘Agrani Bank PLC, Monohorpur Branch,
Cumilla.’ as I have completed my internship program from this branch.
3.3 Types of Deposit Schemes
There are 8 (Eight) types of deposit schemes are available in Agrani Bank PLC, Monohorpur
Branch, Cumilla. They are:
1. Current Deposits (CD)
2. Savings Deposits (SB)
3. Fixed Deposits (FD)
4. Special Notice Time Deposits (SNTD)
5. Sundry Deposits
6. A.B. Pension Sanchay Prokolpa
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7. ABS Account
8. Monthly Profit Deposit Scheme (MDS)
These schemes are describing in detailed below:
1. Current Deposits (CD)
Current Deposit Account is the net flow of current transactions with no restriction. It is
suitable for those customers who need unlimited transactions because of no restriction on
withdrawal either in amount or in frequency.
Interest Rate: 0%
Features: Cheque-book, ATM Service, Real time Online Banking facility.
Types of Current Deposit Account
➢ Individual
➢ Two or more persons jointly
➢ Sole Proprietorship Concerns
➢ Partnership Firms
➢ Limited Companies (Both Public and Private)
➢ Societies / Clubs / Associations / Local Bodies
➢ Banks
➢ Govt. / Semi Govt. Offices / Corporations / Autonomous bodies.
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Required Documents
❖ Name of applicant(s) together with name(s) of parents and spouse(s).
❖ Present and Permanent Address.
❖ Date of Birth
❖ Nationality
❖ TIN (if any)
Duly attested photocopy of valid Passport / Employer’s Certificate / ID Card / Driving
License /National ID Card or Certificate about credentials by the local Ward Commissioner /
Chairman of Union Parishad. Two copies of recent passport size Photographs of account
holder duly attested by the Introducer. One copy of Passport Size Photograph of Nominee
duly attested by the Account Holder.
For opening of current accounts for joint stock companies, associations and clubs etc.
(a) Duplicate of Registration or Incorporation (In case of Company or registered
organization)
(b) Duplicate of the business start date certificate (only for public limited company)
(c) Duplicate of Memorandum and Articles of Association (in case of limited company),
constitution and by-law (in case of association)
(d) Proposal of board of directors / managing committee / governing body meeting for
account management)
(e) Certified copy of the names of directors / officials and their signature
(f) Declaration.
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In Agrani Bank PLC, Monohorpur Branch, Cumilla, available current deposits are CD Govt.
Organization, CD Non-Fin Public Enterprises, CD Individuals and Others.
2. Savings Deposits (SB)
A savings account is a basic type of bank account that allows to deposit money, keep it safe,
and withdraw funds, all while earning interest.
Rate of Interest: 3.00%
Account under Green Banking and CSR 1 % above of Savings rate.
Features: Cheque-book, ATM Service, Real time Online Banking facility.
Savings Account may be opened in the name of
➢ Individual (Single).
➢ Two or more individuals (joint)
➢ Minor jointly with Natural / Legal Guardian.
➢ Clubs / Societies / Associations or Similar Institutions / non-profit organizations.
Required Documents
❖ Date of Birth.
❖ Nationality.
❖ TIN (if any).
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In Agrani Bank PLC, Monohorpur Branch, Cumilla, available Savings deposits are SB Govt.
Organizations, SB Autno and Semi Autno Org., SB Individuals and Others.
3. Fixed Deposits (FD)
It is a deposit with fixed amount of time agreed upon between the bank and the depositor in
exchange for not withdrawing the money during the agreed-upon period of time.
Interest Rate:
• 3 Months 7.50%
• 6 Months 7.75%
• 1 Year and above 8.00%
Fixed Deposit Account can be opened in the name of:
➢ Individual (Single).
➢ Two or more persons (joint).
➢ Sole Proprietorship Concern.
➢ Partnership Concern (Firm).
➢ Limited Companies (both Public and Private).
➢ Society / Club / Association / Local Bodies / Govt. / Semi Govt. Organization, etc.
Required Documents
❖ Date of Birth
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❖ Nationality
❖ TIN (if any)
For opening of FDR accounts for joint stock companies, associations and clubs etc.
(A) Duplicate of Registration or Incorporation (In case of Company or registered
organization)
(B) Duplicate of the business start date certificate (only for public limited company)
(C) Duplicate of Memorandum and Articles of Association (in case of limited company),
(D) Proposal of board of directors / managing committee / governing body meeting for
account management)
(E) Certified copy of the names of directors / officials and their signature
(F) Declaration
In Agrani Bank PLC, Monohorpur Branch, Cumilla, available Fixed deposits are FD Govt.
Organizations, FD Non fin Public Enterprises, FD Individual and Others, FD Non-Res(F.C.
Deposits NFCD).
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4. Special Notice Time Deposits (SNTD)
Any individual or corporate body can open Special Notice Deposit Account, which is an
interest-bearing deposit account, for a short period of time. However, 7 days of notice is
required if the customer wishes to withdraw money from this account.
Interest Rate:
• Below 1.00 crore 3.75%
• crore and Below 25.00 crore 4.00%
• 25.00 crore and Below 50.00 crore 4.50%
• 50.00 crore and Below 100.00 crore 5.00%
• 100.00 crore and Above 6.00%
Types of SNTD Account:
➢ Individuals
➢ Two or more persons jointly
➢ Sole Proprietorship Concerns
➢ Partnership Firms
➢ Limited Companies (Both Public and Private)
➢ Societies / Clubs / Associations / Local Bodies
➢ Banks
➢ Govt. / Semi Govt. Offices / Corporations / Autonomous bodies.
Required Documents
❖ Date of Birth
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❖ Nationality
❖ TIN (if any)
For opening of SND accounts for joint stock companies, associations and clubs etc.
(A) Duplicate of Registration or Incorporation (In case of Company or registered
organization)
(B) Duplicate of the business start date certificate (only for public limited company)
(C) Duplicate of Memorandum and Articles of Association (in case of limited company),
(D) Proposal of board of directors / managing committee / governing body meeting for
account management)
(E) Certified copy of the names of directors / officials and their signature
(F) Declaration
In Agrani Bank PLC, Monohorpur Branch, Cumilla, available Special Notice Time Deposits
are SNTD Govt. Org., SNTD Non-Fin Public Enterprise, SNTD Insurance Company & P.F.
Public, SNTD Individual and Others.
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5. Sundry Deposits
A sundry deposit typically refers to a deposit made to a bank account that is not easily
categorized. It could include various types of funds, such as cash, checks, or other forms of
payment, that don't fit into a specific category.
The types of funds of Sundry Deposits available in Agrani Bank PLC, Monohorpur Branch,
Cumilla are Key deposit, Premium paid XPB and others.
Interest Rate: 0%
In Agrani Bank PLC, Monohorpur Branch, Cumilla, available Sundry Deposits are Staff cash
security, Clearing adjustment and others.
6. A.B. Pension Sanchay Prokolpa
Deposit pension scheme allows customers to deposit a specific amount every month
throughout 5 or 10 years. At the end of the 5/10 years customer can get a scheduled amount
of money.
Interest Rate:
• 5 Years 7%
• 10 Years 9% (Opening of new account closed)
Required Documents
❖ Date of Birth
❖ Nationality
❖ TIN (if any)
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7. Agrani Bank Special Account (ABS)
Agrani Bank Special Account (ABS Account) allows customers to deposit a specific amount
every month throughout 5 or 10 years. At the end of the 5/10 years customer can get a
scheduled amount of money.
Interest Rate:
• 5 Years 6%
• 10 Years 7%
Required Documents
❖ Date of Birth
❖ Nationality
❖ TIN (if any)
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8. Monthly Profit Deposit Scheme (MDS)
Monthly Profit Deposit Scheme (MDS) is a special type of deposit account where client can
avail monthly profit which will be transferred to Savings Deposit Account (SB). One Person
can open more than one MDS Account.
Duration: 3 (Three) years.
One time deposit amount: Minimum amount TK. 5.00 lac and maximum amount above TK.
5.00 lac, any amount multiple Tk. 1.00 lac.
Interest Rate: 8.00%
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Chapter-4
Data Analysis and Findings
4.1 Data Analysis
There are various types of Deposit Schemes are available in Agrani Bank PLC. But in
Monohorpur Branch, Cumilla of ABL, only 8 (Eight) types of deposit schemes are available.
I have collected the statement affairs of the last 5 (Five) years (2018-2022) of Monohorpur
Branch and analyzed the differences of the amount among the years of each deposit schemes.
The information I have collected from last five years statement affairs of ABL, Monohorpur
Branch are showing below in the Table:01.
Table: 01
Schemes 2018 2019 2020 2021 2022
Current 34612479.38 136256575.06 95427526.10 72985099.12 32606479.49
Deposits
(CD)
Savings 286070290.90 303258226.81 377683120.65 435711314.54 413058240.77
Deposits
(SB)
Fixed 214011738.94 227823083.41 264150925.21 290024792.07 348897952.10
Deposits
(FD)
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Special 40125621.97 29638324.44 49044963.43 24773871.90 33122878.17
Notice
Time
Deposits
(SNTD)
Sundry 14206.00 15107924.00 182196.00 320316.00 1002781.77
Deposits
A.B. 207965.98 10971.00 10971.00 10971.00 10971.00
Pension
Sanchay
Prokolpa
ABS 75503016.95 75772335.66 73379341.62 70272804.74 68731590.76
Account
Monthly 5000.00 5000.00 5000.00 5000.00 5000.00
Profit
Deposit
Scheme
(MDS)
Total 650550320.10 787872440.40 859884044.00 894104169.40 897435894.10
Deposit
Total 11542 12122 12632 12864 13456
Deposit
Account
(Quantity)
Sources: Statement affairs of ABL, Monohorpur Branch, Cumilla. (Y: 2018-2022)
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Financial statement data of Agrani Bank PLC, Monohorpur branch, Cumilla are analyzed on
the basis of trend analysis. Trend analysis evaluates an organization's financial information
over a period of time. Now I’m going to show the above information (Table:01) in graphs for
each type of deposit scheme separately:
Graph: 01
CURRENT DEPOSIT
Amount in TK.
136256575.1
140000000
120000000
95427526.1
100000000
72985099.12
80000000
60000000 34612479.38 32606479.49
40000000
20000000
0
2018 2019 2020 2021 2022
Comments: Current Deposit Account is the net flow of current transactions with no
restriction. From the above graph we can see that, the amount of Current Deposits of ABL,
Monohorpur Branch, Cumilla is highest in the year 2019, which is Tk.13,62,56,575.10 and
lowest in 2022, which is Tk.3,26,06,479.49. After 2019 the amount of Current Deposit is
decreasing year by year.
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Graph: 02
SAVINGS DEPOSIT
Amount in TK.
500000000 435711314.5
413058240.8
377683120.7
400000000
286070290.9 303258226.8
300000000
200000000
100000000
0
2018 2019 2020 2021 2022
Comments: A savings account is a basic type of bank account that allows to deposit money,
keep it safe, and withdraw funds, all while earning interest. From the above graph we can see
that, from 2018 to 2021 the amount of Savings Deposits is increasing constantly and got the
highest level in 2021, which is Tk.43,57,11,314.50. Then in 2022 it slightly decreased.
Graph: 03
FIXED DEPOSIT
Amount in TK.
348897952.1
350000000
290024792.1
300000000 264150925.2
250000000 214011738.9 227823083.4
200000000
150000000
100000000
50000000
0
2018 2019 2020 2021 2022
Comments: It is a deposit with fixed amount of time agreed upon between the bank and the
depositor in exchange for not withdrawing the money during the agreed-upon period of time.
From the above graph we can see that, the amount of Fixed Deposits of ABL, Monohorpur
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Branch, Cumilla is increasing constantly from 2018 to 2022, and got the highest level in
2022, Tk.34,88,97,952.10 and lowest level in 2018, Tk.21,40,11,738.90.
Graph: 04
SPECIAL NOTICE TIME DEPOSIT

Amount in TK.
49044963.43
50000000
40125621.97
40000000 33122878.17
29638324.44
30000000 24773871.9
20000000
10000000
0
2018 2019 2020 2021 2022
Comments: Any individual or corporate body can open Special Notice Time Deposit
(SNTD) Account, which is an interest-bearing deposit account, for a short period of time.
From the above graph we can see that, the amount of SNTD Schemes of ABL, Monohorpur
Branch, Cumilla is highest in the year 2020, Tk.4,90,44,963.43 and lowest in 2021,
Tk.2,47,73,871.90. Besides, the graph shows that, the amount is constantly increasing and
decreasing year to year.
Graph: 05
SUNDRY DEPOSIT
Amount in TK.
20000000
15107924
15000000
10000000
5000000 182196 320316 1002781.77
14206
0
2018 2019 2020 2021 2022
30 | P a g e
Comments: A sundry deposit typically refers to a deposit made to a bank account that is not
easily categorized. It could include various types of funds, such as cash, checks, or other
forms of payment, that don't fit into a specific category. From the above graph we can see
that, the amount of Sundry Deposits of ABL, Monohorpur Branch, Cumilla is highest in the
year 2019, Tk.1,51,07,924 and lowest in 2018, Tk.14,206. Overall, this deposit scheme is in
very poor condition.
Graph: 06
A.B. PENSION SANCHAY

PROKOLPA
Amount on TK.
250000 207965.98
200000
150000
100000
50000 10971 10971 10971 10971
0
2018 2019 2020 2021 2022
Comments: Deposit pension scheme allows customers to deposit a specific amount every
month throughout 5 or 10 years. At the end of the 5/10 years customer can get a scheduled
amount of money. From the above graph we can see that, the amount of A.B. Pension
Sanchay Prokolpa of ABL, Monohorpur Branch, Cumilla is highest in the year 2018,
Tk.2,07,965.98. After that, from 2019 to 2022 the amount remained the same, Tk.10,971.
31 | P a g e
Graph: 07
ABS ACCOUNT
Amount in TK.
75503016.95 75772335.66
76000000
73379341.62
74000000
72000000 70272804.74
70000000 68731590.76
68000000
66000000
64000000
2018 2019 2020 2021 2022
Comments: Deposit Pension Scheme (DPS; in Agrani Bank which is called ABS) allows
customers to deposit a specific amount every month throughout 5 or 10 years. From the
above graph we can see that, the amount of ABS Account of ABL, Monohorpur Branch,
Cumilla is highest in the year 2019, Tk.7,57,72,335.66. After that, the amount decreased
constantly and got the lowest level in 2022, Tk.6,87,31,590.76.
Graph: 08
MONTHLY PROFIT DEPOSIT

SCHEME
Amount in TK.
6000 5000 5000 5000 5000 5000
4000
2000
0
2018 2019 2020 2021 2022
Comments: Monthly Profit Deposit Scheme (MDS) is a special type of deposit account
where client can avail monthly profit which will be transferred to Savings Deposit Account
(SB). From the above graph we can see that, the amount of Monthly Profit Deposit Schemes
32 | P a g e
(MDS) of ABL, Monohorpur Branch, Cumilla remain the same from the year 2018 to 2022,
Tk.5,000.
Graph: 09
TOTAL DEPOSIT
Amount in TK.
1E+09 859884044 894104169.4 897435894.1

787872440.4
800000000
650550320.1
600000000
400000000
200000000
0
2018 2019 2020 2021 2022
Comments: The above graph shows us the picture of overall condition of all deposit schemes
available in ABL, Monohorpur Branch, Cumilla. Here the highest level is in 2022,
Tk.897435894.10 and the lowest level is in 2018, Tk.65,05,50,320.10. So, the branch total
deposit is increasing year to year. Besides, from Table: 01 we can see the quantity of deposit
accounts also increasing year to year, which is a good side of the branch.
33 | P a g e
4.2 Findings
Findings are necessary for going a better conclusion for any successful report. For this
reason, here I have tried to accumulate all the matters through I have described in this report.
• Agrani Bank PLC, Monohorpur Branch, Cumilla is playing an important role toward
the growth and economic development of the people of this area.
• The amount of Current Deposits of the branch, after getting the highest level in 2019,
is constantly decreasing year by year.
• The amount of Savings Deposits of the branch is constantly increasing from 2018 to
2021. But in 2022 it slightly decreases. So, this deposit scheme is profitable for the
branch.
• The amount of Fixed Deposits of the branch is constantly increasing from 2018 to
2022. So, we can say that it is beneficiary for the branch.
• The amount of the Special Notice Time Deposit (SNTD) fluctuates each year.
• The amount of Sundry Deposits got the highest level in 2019 and the lowest in 2018.
Overall, this deposit scheme is in very poor condition.
• The amount of A.B. Pension Sanchay Prokolpa got the highest level in 2018 and
from 2019 to 2022 it remained the same. Overall, this deposit scheme is not in a
profitable position.
• The amount of ABS Accounts got the highest level in 2019. After that the amount
constantly decreased year by year.
• The amount of Monthly Profit Deposit Schemes (MDS) remains the same from the
year 2018 to 2022.
34 | P a g e
• When we calculate the total deposit of the branch, we can see that the amount is
constantly increasing year by year. So, overall, we can say that, the deposit function
of the branch is in profitable condition.
• Bank is overloading the clients by charging so much documents and papers which
seems to the clients being harassed by the relevant officer.
35 | P a g e
Chapter-5
Recommendations and Conclusion
5.1 Recommendations
As an internee of Agrani Bank PLC, my gathered practical knowledge on Deposit Schemes
offered by Monohorpur Branch helps me to recommend some recommendations which are
beneficiary for the bank as well as customers. These are:
➢ Agrani Bank PLC, Monohorpur Branch, Cumilla should introduce innovative current
account products with features that attract customers. Besides, they should strengthen
customer engagement by understanding their needs and preferences. Offer
personalized services and incentives to encourage customers to keep their funds in
current accounts.
➢ When dealing with fluctuations in Special Notice Time Deposit (SNTD), it's
important for Monohorpur Branch, Cumilla of Agrani Bank PLC to address the
factors that may contribute to this variability. They should consider reviewing and
adjusting the interest rates offered on SNTD in response to market conditions.
Competitive interest rates can attract more deposits, while adjusting rates can help
manage the bank's liquidity.
➢ To get the Sundry Deposits scheme in a profitable condition, Monohorpur branch
should add more categories of funds or add more features to attract clients to put
money in these funds.
➢ To increase the amount of A.B. Pension Sanchay Prokolpa in Agrani Bank PLC,
Monohorpur Branch, it's essential to implement strategic initiatives that can attract
more participants and contributions. Introduce additional incentives or benefits for
participants. This could include tax advantages, employer matching contributions, or
36 | P a g e
bonuses for long-term participation. Such perks can make the pension scheme more
attractive.
➢ To make the ABS Accounts as a profitable deposit scheme of the branch, they should
collect feedback from existing ABS Account holders to understand their concerns,
preferences, and reasons for any reduction in usage. Use this feedback to make
informed adjustments to the account features or services. They should analyze the
offerings of competitors and compare them with ABS Accounts. Identify areas where
Agrani Bank PLC can differentiate itself or provide better value to attract and retain
customers.
➢ To increase the profitability of Monthly Profit Deposit Schemes (MDS) of
Monohorpur Branch of Agrani Bank PLC, they should launch targeted marketing
campaigns to raise awareness about the benefits of MDS. Clearly communicate the
features, returns, and advantages of participating in MDS to both existing and
potential customers.
➢ If clients of Agrani Bank PLC, Monohorpur Branch, Cumilla, are feeling
overwhelmed or harassed due to excessive documentation requirements and
procedures, it's important for the bank to address these concerns to improve customer
satisfaction. They should invest in digital solutions to automate and digitize processes
wherever feasible. This can reduce paperwork, streamline workflows, and make
transactions more efficient for both customers and bank staff.
37 | P a g e
5.2 Conclusion
The Banking arena in recent time is one of the most competitive business fields in
Bangladesh. As Bangladesh is a developing country, a strong banking sector can change the
socio-economic structure of the country. So, we can say, the whole economy of the country in
linked up with its banking system.
Agrani Bank PLC is the largest nationalized commercial Bank of Bangladesh. This bank
performs hundreds of important activities both for the public and for the government as a
whole. It has an outstanding bearing to thrive our business sector. It has strong performance
on General Banking, Loans & Advances, Industrial credit and foreign Exchange.
In this report, I have tried my level best to highlight on Deposit Schemes of Agrani Bank
PLC. Deposit schemes refer to various financial products or plans offered by banks and
financial institutions to attract deposits from individuals, businesses, and other entities. These
schemes are designed to cater to the diverse needs and preferences of depositors while
providing them with opportunities to earn interest on their deposited funds. Different types of
deposit schemes may offer varying interest rates, terms, and features.
Agrani Bank PLC's deposit schemes is the emphasis on financial education and awareness.
The bank actively engages in educating customers about the different deposit options
available, helping them make informed decisions aligned with their financial goals. This
approach not only fosters a sense of transparency but also contributes to building trust
between the bank and its customers.
In conclusion, we can say that, Agrani Bank PLC, Monohorpur Branch, Cumilla is in a
profitable condition in terms of Deposit Schemes offered by them. Though some of the
deposit schemes are not in a profitable position, the branch should take initiatives to make
them attractive too and make those schemes profitable too.
38 | P a g e
References:
https://en.wikipedia.org/wiki/Agrani_Bank (17/11/23)
https://www.agranibank.org/ (17/11/23)
https://www.agranibank.org/assets/reports/annual/ABL_Annual_Report_2022.pdf (18/11/23)
https://www.agranibank.org/index.php/aboutus (23/11/23)
https://www.agranibank.org/index.php/aboutus/hierarchy (23/11/23)
https://www.agranibank.org/index.php/aboutus/apa (23/11/23)
https://www.investopedia.com/terms/d/deposit.asp (24/11/23)
https://www.lawinsider.com/dictionary/deposit-scheme (24/11/23)
https://www.agranibank.org/index.php/home/deposits_products/Savings-Bank-Account
(27/11/23)
https://www.agranibank.org/index.php/home/deposits_products/Current-Deposit-Account
(27/11/23)
https://www.agranibank.org/index.php/home/deposits_products/Special-Noticed-Deposit-
Account (27/11/23)
https://www.agranibank.org/index.php/home/deposits_products/Fixed-Deposit-Account
(27/11/23)
https://www.agranibank.org/index.php/home/deposits_products/-Monthly-Profit-Deposit-
Scheme (27/11/23)
https://www.agranibank.org/index.php/home/deposits_products/Agrani-Bank-Pension-
Scheme-(APS) (01/12/23)
https://www.agranibank.org/index.php/home/deposits_products/ABS-Account- (01/12/23)
https://www.lawinsider.com/dictionary/sundry-deposit (01/12/23)
https://personetics.com/3-critical-steps-for-financial-institutions-fighting-for-deposits/
(18/12/23)
39 | P a g e
Appendix:
1. Statement Affairs of ABL, Monohorpur Branch Cumilla (Year:2018).
Schemes Amount
Current Deposits (CD) 34612479.38
Savings Deposits (SB) 286070290.90
Fixed Deposits (FD) 214011738.94
Special Notice Time Deposits (SNTD) 40125621.97
Sundry Deposits 14206.00
A.B. Pension Sanchay Prokolpa 207965.98
ABS Account 75503016.95
Monthly Profit Deposit Scheme (MDS) 5000.00
Total Deposit 650550320.10
Total Deposit Account (Quantity) 11542
Schemes Amount
40 | P a g e
Schemes Amount
Schemes Amount
41 | P a g e
Schemes Amount
42 | P a g e

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Internship Sadman

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Chapter-1

Introduction of the Report

accumulate big amount after a given period.

Origin of the Report:

per my internship instruction.

Internship Report on Deposit Schemes of Agrani Bank PLC: A Study on Monohorpur

Branch, Cumilla which is assigned by my supervisor in the department. On the basis of

Agrani Bank PLC, Monohorpur Branch, Cumilla.

The specific objectives of the study are given as:

1. To examine the deposit appraisal procedures followed by Agrani Bank PLC.

2. To analyze various deposit schemes of Agrani Bank PLC.

3. To find out some problems of the deposit activities of the Bank.

4. To recommend some suggestions for further development of ABL.

information on this subject.

for ABL to improve their deposit related services.

the methodology is the mixing of secondary data with practical knowledge.

Primary Sources of Data:

i. Data gathered from various division of bank.

ii. Primary work exposure with Agrani Bank PLC.

i. Annual report of Agrani Bank PLC.

ii. Printed forms and documentation supplied by ABL.

iv. Website of Agrani Bank PLC (www.agranibank.org).

scope and dimension of the report may not be broadened.

ii. There is a lack of sufficient secondary data.

security of the bank.

2.1 History of Agrani Bank PLC

able to create 974 branches including 36 corporate, 43 AD (authorized dealer) branches

system is being operated through 60 windows.

To become the best leading state-owned commercial bank of Bangladesh operating at

procedures to the benefit of our customers and workforce.

We value integrity, transparency, accountability, dignity, diversity, growth and

inside and outside the country.

Bangladesh with global presence.

advances of Bangladeshi market.

2. Gaining competitive advantages by lowering overall cost compared to that of

3. Overtaking competitors by providing quality customer service.

4. Achieving technological leadership among the peer group.

5. Strengthening the Bank’s brand recognition.

6. Contributing towards the economic well-being of the country by focusing particularly

on SME and agricultural sectors.

7. Strengthening research capability for innovative products and services.

authorized by Bangladesh Bank.

9. To handle the export and import trade of Bangladesh.

10. To take part in international banking etc.

Agrani Bank PLC is governed by a Board of Directors consisting of 13(thirteen) members

including offices 27 corporate and 40 AD (authorized dealer) branches.

(According to ABL Annual Report 2022)

Name of the Company Agrani Bank PLC

Chairman Dr. Zaid Bakht

Managing Director & CEO Md. Murshedul Kabir

Company Secretary S.M. Tauhide Rabbani

Legal Status Public Limited Company

Date of Incorporation 17 May 2007

Registered Office 9/D Dilkusha Commercial Area, Dhaka - 1000, Bangladesh.

Authorised Capital Tk. 2500.00 Crore

Paid Up Capital Tk. 2072.29 Crore

Net Profit Tk. 111.00 Crore

No. of Employees 10,140

No. of Branches 969

Phone-PBX +88-02-9566160-9, +88-02-9566153-4, +88-02-9566074-5

FAX +88-02-9562346, +88-02-9563662, +88-02-9563658

1. Deposits 1) Savings Bank Account

2) Current Deposit Account

3) Special Noticed Deposit Account