Internship Report On Prabhu Bank Limited Babarmahal, Kathmandu Submitted By

Agriculture Loan

Based on the viability of the agriculture project/ proposal, Prabhu Bank provides Agriculture Loan to finance the short/ long term financing need of client. This loan is also provided to purchase tractor, seeds, fertilizers, insecticides, etc.

8. 
   Loan against Shares and Securities
   

The recent political development in the country has revived the hope for the economic development and prosperity of the country. The NEPSE positively responded the recent development and more activities and an upward trend is seen in the stock market. Those investors not having fund in hand but wants to invest in stock market can apply for the loan against shares and securities.

New services provided by PBL

A. Branchless banking

Branchless banking represents a significantly cheaper alternative to conventional branch based banking that allows financial institutions and other commercial actors to offer financial outside traditional bank premises by using delivery channels like retail agents, mobile phone etc. BLB can be used to increase the access of financial services to the unbanked communities.
Customers are benefitted from BLB by following ways:

1. 
   Service provided at their doorstep/village
   
2. 
   Availability of basic banking services throughout the day
   
3. 
   Hassle free transaction for the villagers as there are no vouchers
   
4. 
   Familiarity in dealing with their own person
   
5. 
   Reduces the cost of transaction
   

2. Cash deposit machine

PBL launches a self-serving terminal that lets us make cash deposits and payment transactions to PBL account. CDM services are available 24/7 in a week. All successful transactions are immediately credited and customers will be issued an advice slip confirming the transaction. To use the CDM, customers might not have to worry on any card (debit card issued by PBL) or any voucher at the bank counter. They only require the account number to deposit and name for conformation. This service is available only in Babarmahal branch of PBL, Kathmandu.

2. Internet banking

PBL facilitate banking with a click of a mouse and where people can keep track of the account from anywhere in the world. PBL has robust, instant, secure and reliable banking solution for its clients. Following services can be enjoyed by customers:

1. 
   General information: information about customer
   
2. 
   Account information: information about selected customers
   
3. 
   Account statement: account statement of the specifies period
   
4. 
   Interest statement: statement of calculated and posted interest
   
5. 
   L/C list: list of L/C’s outstanding
   
6. 
   G/T list: outstanding guarantee list
   
7. 
   TR loan list: details of TR
   
8. 
   Customer details: details information of customer
   
9. 
   Obligor report: obligor report of the customer
   
10. 
    User history: detail login history
    

2. Mobile pay

PBL is providing Mobile Banking-financial service with its service powered by pay bill (p) ltd. The customer of PBL can pay utility bills, shop online, buy tickets, send gifts, pay bills and even transfer money through the mobile phone. It is easy, simple and secure.
The following services are available:

1. 
   Nepal Telecom pin less top up- NTC Prepaid, Postpaid, Landline, ADSL
   
2. 
   Recharge pins purchase-NTC GSM/CDMA, Ncell, Dishhome
   
3. 
   Bills payments- Subish cable and other internet bills
   
4. 
   Payment on retail outlets- Dot Fashion, Vesper house, Bhumi restaurant, many more
   
5. 
   Online shopping- Muncha.com, CG Digital, QFX, many more
   
6. 
   Person to person funds transfer
   

2. Mobile/SMS banking service

PBL has started SMS banking service. Now your bank balance is at your fingertips. This service is available from all branches. Basic services provided by SMS banking are:

1. 
   Current balance inquiry
   
2. 
   Last transaction inquiry
   

2. PBL ATM/Debit card service

PBLis visa associate member bank. Bank has launched Debit card services for all the branches with in Kathmandu valley and the service has been extending to the other branches out of Kathmandu valley.
Functions offered at our ATMs

1. 
   Fast cash
   
2. 
   Cash withdrawal
   
3. 
   Enquiry (balance enquiry & statement enquiry)
   
4. 
   PIN change
   

PBL is issuing three categories of Visa Debit Card:

1. 
   Visa domestic: valid in Nepal and India
   
2. 
   Visa international: valid worldwide
   
3. 
   Visa travel quota: valid worldwide issued against travelers’ cheque
   

2. Remittance

This special feature helps the tourists and especially the Nepalese workers abroad to transfer funds to Nepal as and when required the receiver can get transferred money upon the completion of a simple form requirement without any hassles and within no time. Remittance service is provided through draft, SWIFT and telegraph transfer, mail transfer, fax transfer. PBL has operated online web based remittance system, where by money can be sent to Nepal from worldwide. Payments can be collected from more than 214 branch offices of the PBL. PBL has made association with the following foreign agencies for direct remittance through PBL Remit where by Nepali citizens and other people at Qatar, UAE and Dubai can send money to Nepal instantly.
Remitters from any part of the world can send money from any bank to an account at PBL. The originating bank will send the money through one of PBL’s corresponding banks (listed below).
The remitter must provide the following to the sending bank:

1. 
   Beneficiary’s name
   
2. 
   Beneficiary’s bank account number
   
3. 
   Beneficiary’s branch name or address, and
   
4. 
   Beneficiary’s bank (i.e. Prabhu Bank- SWIFT Code; PBLA NPKA)
   
5. 
   PBL primary process foreign remittance via SWIFT (The Society for Worldwide Interbank Financial Telecommunication) and Telex no: 2671 NP through the following correspondent banks.