Introduction of all the departments
function of remittance departments is to handle with the following instruments:
of pay order & demand draft.
department deals with the transfer of money from one place to another. This
department deals with the local currency transfer only. Askari Bank Limited
provides these services to both customers & non-customers.
service Department perform the following duties:
brief information about different account to customer.
service to customer such as filling the forma.
the cheque book.
Debit card and credit card.
record keeping of utility bills and other collection.
All physical movement of cash in
the bank is made through the cash department. Normally cash department performs
Act according to any standing instruction.
Transfer of funds from one account to another.
Handling of ATM.
Verification of signatures.
Handling of prize bond.
The word clearing has been derived from the word
“Clear” and is defined as ” a system by which banks exchange cheques and other
negotiable instruments drawn on each other within a specific area and thereby
secure payment for their clients through the Clearing House At specified time”
in an efficient way”.
It is a place where representatives of all banks sit
together and interchange their claims against each other with the help of
controlling staff of State Bank of Pakistan and where there is no branch of
State Bank of Pakistan the designated branch of National Bank of Pakistan act
as controlling member instead of State Bank of Pakistan.
department is responsible for budgeting and account opening. All the
transaction that are take place in the bank are match to the computers
generated report and save it in a physical form that these transactions are
take place in the bank.
account is responsible for budgeting and also record daily expense incurred by
the bank. Account department work as a backbone of the organization. This
department directly report the operational manager and vice president. Preparing
the bank’s annual accounts and coordinating external audit is also a direct
function of the finance division.
The computer has change the way of
working. Now all the departments of Askari bank limited perform their duties in
computerize environment. The duty of the I.T department is to perform:
of N.I.C online for the purpose of account opening.
Computerize record keeping of Accounts.
Generate report of daily transaction in the
Maintain the LAN and make the software and
Auto finance Department:
finance Department offers us the most convenient and affordable vehicle
financing scheme to help us own our favorite brand new car.
Department deals with arrangement by which a buyer can take ownership of
something now and pay for it later or over time credit department perform following
provide the different kind of loan to the Kissan or former it include:
Ever Green Finance.
Livestock Development Finance.
Farm Mechanization Finance.
Consumer Finance Department:
consumer finance department provide the business loan 500,000 – 50,000,000. The
rate of interest charge by the bank is twenty one percent which is lower as
compare to the other competitors.
Human Resource Department:
resource department performs the following functions:
Recruitment and selection.