Land Lord
In the case, the person is totally new, and the bank doesn’t know anything about him. For this bank need an account having the amount over and above the credit card limit of that credit card. Usually, there is more chance of default in this case; so, the bank avoids issuing credit card to that person.
PAYMENT PROCEDURE
The cardholder should have to pay all the amounts what he has consumed. But in order to facilitate the cardholder, 5% is the minimum limit that the bank requires and that should be paid monthly. If you paid only 5% then 2% interests will be charged on remaining amount and it is added into the next month payments.
If that 5% is not paid then Rs. 100 are the additional charges charged to the next month payment apart form the 2% interest.
RECOMMENDATION
During my internship, what I feel should be there are:
- Human Resources Department should be there in order to motivate and trained the employees. I have noted some dissatisfaction among the employees, due to in efficient promoting system. So the bank should provide clean and on the merit basis promotion system.
- The bank is now over staff. The building under operation is in adequate for such a large staff. So the building should be extended later.
