Negotiable Instrument act 1881

Section 4 - Promissory note

A “promissory note” is an instrument in writing

(not being a bank-note or a currency-note)

containing an unconditional undertaking,

signed by the maker,

to pay a certain sum of money

only to, or to the order of, a certain person,

or to the bearer of the instrument.

Section 5 - Bill of exchange

A “bill of exchange” is an instrument in writing containing an unconditional order, signed by the maker, directing a certain person to pay a certain sum of money only to, or to the order of, a certain person or to the bearer of the instrument.

Section 6 - Cheque

A cheque is a bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand and it includes the electronic image of a truncated cheque and a cheque in the electronic form.

Section 13 - Negotiable Instruments

A Negotiable Instrument means a promissory note, bill of exchange or cheque payable either to order or to bearer.

Section 123 - Cheque Crossed Generally

Where a cheque bears across its face an addition of the words and company or any abbreviation thereof, between two parallel transverse lines, or of two parallel transverse lines simply, either with or without the words, not negotiable, that addition shall be deemed a crossing, and the cheque shall be deemed to be crossed generally.

Section 124 - Cheque crossed specially

Where a cheque bears across its face an addition of the name of a banker, either with or without the words not negotiable, that addition shall be deemed a crossing, and the cheque shall be deemed to be crossed specially, and to be crossed to that banker.

Section 126 Cheque crossed specially

Where a cheque is crossed generally, the banker, on whom it is drawn shall not pay it otherwise than to a banker.

Payment of cheque crossed specially. - Where a cheque is crossed specially, the banker on whom it is drawn shall not pay it otherwise than to the banker to whom it is crossed, or his agent, for collection.

Section 130 Cheque bearing Not Negotiable

A person taking a cheque crossed generally or specially, bearing in either case the words not negotiable, shall not have, and shall not be capable of giving, a better title to the cheque than that which the person from whom he took it had.

Bill of Exchange

A Bill of Exchange is an instrument in writing

containing an unconditional order

signed by the maker

directing a certain person

to pay on demand

or at a fixed or determinable future time

to or the order of a certain person

or to the bearer of the instrument.

সুদ বা Usary

﴿ وَمَاۤ اٰتَيۡتُمۡ مِّنۡ رِّبًا لِّيَرۡبُوَا فِىۡۤ اَمۡوَالِ النَّاسِ فَلَا يَرۡبُوۡا عِنۡدَ اللّٰهِ‌ۚ وَمَاۤ اٰتَيۡتُمۡ مِّنۡ زَكٰوةٍ تُرِيۡدُوۡنَ وَجۡهَ اللّٰهِ فَاُولٰٓٮِٕكَ هُمُ الۡمُضۡعِفُوۡنَ﴾

যে সুদ তোমরা দিয়ে থাকো,  যাতে মানুষের সম্পদের সাথে মিশে তা বেড়ে যায়,  আল্লাহর কাছে তা বাড়ে না।  আর আল্লাহর সন্তুষ্টি অর্জনের উদ্দেশ্যে  পরিশুদ্ধির জন্য তোমরা যা দিয়ে থাকো,  প্রকৃতপক্ষে তা ই বৃদ্ধিপ্রাপ্ত হয়।  (সূর রূমঃ ৩৯) ﴿ يٰۤاَيُّهَا الَّذِيۡنَ اٰمَنُوۡا لَا تَاۡكُلُوۡا الرِّبٰٓوا اَضۡعَافًا مُّضٰعَفَةً‌ وَاتَّقُوۡا اللّٰهَ لَعَلَّكُمۡ تُفۡلِحُوۡنَ‌ۚ‏﴾ হে বিশ্বাসীগণ!  চক্রবৃদ্ধি হারে সুদ খেয়ো না  এবং আল্লাহ সচেতন হও,  আশা করি তোমরা সফলকাম হবে।  (সূরা আলে ইমরানঃ ১৩০)

الَّذِيۡنَ يَاۡكُلُوۡنَ الرِّبٰوا لَا يَقُوۡمُوۡنَ اِلَّا كَمَا يَقُوۡمُ الَّذِىۡ يَتَخَبَّطُهُ الشَّيۡطٰنُ مِنَ الۡمَسِّ‌ؕ ذٰلِكَ بِاَنَّهُمۡ قَالُوۡۤا اِنَّمَا الۡبَيۡعُ مِثۡلُ الرِّبٰوا‌ۘ‌ وَاَحَلَّ اللّٰهُ الۡبَيۡعَ وَحَرَّمَ الرِّبٰوا‌ؕ فَمَنۡ جَآءَهٗ مَوۡعِظَةٌ مِّنۡ رَّبِّهٖ فَانۡتَهٰى فَلَهٗ مَا سَلَفَ وَاَمۡرُهٗۤ اِلَى اللّٰهِ‌ؕ وَمَنۡ عَادَ فَاُولٰٓٮِٕكَ اَصۡحٰبُ النَّارِ‌ۚ هُمۡ فِيۡهَا خٰلِدُوۡنَ‏

যারা সুদ খায় তাদের অবস্থা হয়

ঠিক সেই লোকটির মতো

যাকে শয়তান স্পর্শ করে পাগল করে দিয়েছে।

তাদের এই অবস্থায় উপনীত হবার কারণ হচ্ছে এই যে,

তারা বলেঃ “বিক্রয় তো সুদেরই মতো।”

অথচ আল্লাহ‌ বিক্রয়কে বৈধ করেছেন

এবং সুদকে করেছেন নিষিদ্ধ।

কাজেই যে ব্যক্তির কাছে তার প্রভূর পক্ষ থেকে

এই উপদেশ পৌঁছে যায়

এবং ভবিষ্যতে সুদখোরী থেকে সে বিরত হয়,

সে ক্ষেত্রে যা কিছু সে খেয়েছে তাতো খেয়ে ফেলেছেই

এবং এ ব্যাপারটি আল্লাহর কাছে সোপর্দ হয়ে গেছে।

আর এই নির্দেশের পরও যে ব্যক্তি আবার এই কাজ করে,

সে নরকের অধিবাসী। সেখানে সে থাকবে চিরকাল।

{আল বাকারাহঃ ২৭৫ } 

يَمۡحَقُ اللّٰهُ الرِّبٰوا وَيُرۡبِىۡ الصَّدَقٰتِ‌ؕ وَاللّٰهُ لَا يُحِبُّ كُلَّ كَفَّارٍ اَثِيۡمٍ‏

আল্লাহ সুদকে নিশ্চিহ্ন করেন

এবং দানকে বর্ধিত ও বিকশিত করেন।

আর আল্লাহ‌ অকৃতজ্ঞ দুষ্কৃতকারীকে পছন্দ করেন না।

{আল বাকারাহঃ ২৭৬ }

يٰۤاَيُّهَا الَّذِيۡنَ اٰمَنُوۡا اتَّقُوۡا اللّٰهَ وَذَرُوۡا مَا بَقِىَ مِنَ الرِّبٰٓوا اِنۡ كُنۡتُمۡ مُّؤۡمِنِيۡنَ‏

হে বিশ্বাসীগণ! আল্লাহ সচেতন হও

এবং লোকদের কাছে তোমাদের

যে সুদ বাকি রয়ে গেছে তা ছেড়ে দাও,

যদি যথার্থই তোমরা বিশ্বাসী হয়ে থাকো।

{আল বাকারাহঃ ২৭৮ }

فَاِنۡ لَّمۡ تَفۡعَلُوۡا فَاۡذَنُوۡا بِحَرۡبٍ مِّنَ اللّٰهِ وَرَسُوۡلِهٖ‌ۚ وَاِنۡ تُبۡتُمۡ فَلَكُمۡ رُءُوۡسُ اَمۡوَالِكُمۡ‌ۚ لَا تَظۡلِمُوۡنَ وَلَا تُظۡلَمُوۡنَ

কিন্তু যদি তোমরা এমনটি না করো

তাহলে জেনে রাখো,

এটা আল্লাহ‌ ও তাঁর বার্তাবাহকের পক্ষ থেকে

তোমাদের বিরুদ্ধে যুদ্ধ ঘোষণা।

এখনো সময় আছে (সুদ থেকে) ফিরে এসো

তাহলে তোমরা আসল মূলধনের অধিকারী হবে।

তোমরা জুলুম করবে না

এবং তোমাদের ওপর জুলুম করাও হবে না।

{আল বাকারাহঃ ২৭৯ }

Viva 2014

Slogan of IBBL for 2014: Year of consolidation (অভিনন্দন) and sustainable (টেকসই) inclusive (ব্যাপক) growth (বৃদ্ধি).
Incorporation: 13 March 1983
Starting Operation: 30 March 1983
Equity: 4,300 Cr. Approx.
Authorized Capital: 2000 Cr.
Paid up capital: 1464 Approx
Earning Per Share: 4.42
Deposit: 47000 Approx.
Investment: 48000 Approx.
last branch: Lalmuhon
No. of deposit account type:
Number of  Manual: 19
Text Book on Islami Banking: sud o adhunik banking-moududi, islamer orthoniti-
PCIDSS: Payment Card Industry Data Security Standard
Starting ATM Operation: August 2001, Electroways
Starting Own ATM Operation: 03/11/2009
Starting Own ATM Card: 04/11/2009
Products of Card Department:
Products of ADD:
linked Networks: Omnibus, VISA
Number of ATM Booth:
Number of ATM Card:
Number of Remittance Card:
Number of Hajj Card:
Number of VISA Card:

Regulatory Capital: Tier1 or Core Capital (Paid up capital, Statutory reserve), Tier2 or Supplementary Capital, Tier3 or Additional Supplementary Capital.

Definition of Cheque: According to N.I act 1881, section-6,

A cheque is a bill of exchange drawn on a specified banker and not expressed to be payable other wise than on demand.

Types of Cheque: Mainly two types- Bearer and Order. These are also two types- Open and Cross. Cross cheque is two types- General cross and Special Cross. 

Characteristic of a cheque

01. Signature & Date,

02. Specified page

03. Printed

04. Paid by ordinary currency

05. Presentation

06. Specified amount

07. 3(three) parties

08. Figure & Amount will be equal.

Post dated Cheque:

A post-dated cheque is one which bears a future date.

Antedated Cheque:

Antedated Cheque is one which bears a previous date before the date of issuing cheque book.

Stale Cheque:

Stale cheque is one which remains in circulation for more than six months.

Stop payment of Cheque:

1. Direction comes from the account holder for stop payment
2.  Any notice received regarding lost or stolen of cheque
3.  Injunction imposed by the court/ tax office to stop transaction of any account.
4. Notice received regarding death of account holder.
5. Direction given by account holder to stop

Garneshi Order:

It is an order by the court, by which any creditor can croak any fixed amount or total amount of the debtor deposited to any third party. Third means banker.

Endorsement:

Signature on backside of any instrument for negotiation is called endorsement.

Endorsement is five types

1. Special Endorsement: the endorser specifies the person to whom or to whose order the instrument is to be paid.

2. Blank Endorsement:   The endorser does not specify an endorse.

3. Restrictive endorsement: The endorser prohibits further endorsement.

4. Conditional endorsement: The endorser excludes his liability conditional

5. Partial endorsement: The endorser transfer of the ownership of the instrument but this is not operative for negotiation of the instrument.

 

 

 Nostro Account: Our Accounts with yours

 Vostro Account: Your Account with us

  Bank Security -(e¨vsK F‡Yi RvgvbZ) -e¨vsK FY ev বিনিয়োগের wbivcËvi Rb¨ F‡Yi  wecix‡Z    e¨vsK †h ¯’vei-A¯’vei wKsev e¨w³MZ M¨vivw›U msi¶Y K‡i, Zv‡K FY ev AMÖx‡gi RvgvbZ e‡j|

  Lien-  (c~e©¯^Z¡ ) e¨vs‡Ki FY cwi‡kva bv nIqv ch©š— e¨vsK KZ©„K FYMÖnxZv ev g‡°‡ji m¤ú` AvUK K‡i  ivLvi AwaKvi‡K e¨vs‡Ki (Lien) c~e©¯^Z¡  e‡j|

 Pledge– (cY¨`ªe¨ eÜK ) অস্থাবর সম্পদ কারো কাছে বন্ধক রাখাকে Pledge (cY¨`ªe¨ eÜK) e‡j| অর্থ্যাত বিনিয়োগ গ্রহীতা কর্তৃক কোন অস্থাবর সম্পদ বিনিয়োগের সিকিউরিটি হিসেবে ব্যাংকের কাছে বন্ধক রাখাকে প্লেজ বলে।

 Mortgage- (¯’vei m¤ú` eÜK) বিনিয়োগের সিকিউরিটি হিসেবে কোন স্থাবর সম্পদের অধিকার ব্যাংকের কাছে হস্তান্তর করাকে মর্টগেজ বলে ev ¯’vei m¤ú‡`i eÜK e‡j| রেজিস্টার্ড মর্টগেজ, ইকুইটিবল মর্টগেজ।

 Hypothecation – (`Ljnxb eÜK) FY MÖn‡Yi D‡Ï‡k¨ FYMÖnxZv e¨vs‡K †Kvb ¯’vei ev A¯’vei m¤úwË hw` Ggbfv‡e e&ÜK iv‡L †h, m¤úwË FYMÖnxZvi `L‡jB †_‡K hvq Zv‡K `Ljnxb eÜK e‡j| ‡h `jx‡jj gva¨‡g `Ljnxb eÜK m„wó Kiv nq Zv‡K  Letter of Hypothecation e‡j|

Inoperative account: When no operation in the AWCA for 6 (six) months & MSA, SND for 12 (twelve) months is called Inoperative Account.

Dormant Account: When no operation in the AWCA for 12 (twelve) months & MSA, for 2 (two) years is called Dormant Account.

Unclaimed Deposit Account/ Tamadi Account: No transaction for ten years, such type of account is called Tamadi Account, AOF, SS Card, & other documents relating inoperative accounts for transferred to BCD through FAD for onward submission to Bangladesh Bank.

Components of Deposits
Cost bearing Deposits	Cost Free Deposits
Mudaraba Savings Deposits (MSA)	Al Wadeeah Current Deposits (AWCA)
Mudaraba SND (MSNA)	Profit Payable A/c
Mudaraba Term Deposits (MTDA)	Sundry Deposits
Mudaraba Hajj Savings Deposit (MHSA)	Non Resident Taka Deposits (NRTA)
Mudaraba Savings Bond (MSBA)	Convertible Taka A/c
Mudaraba Special Savings(Pension)Deposits (MSSA)	DD Payable
Mudaraba monthly Profit Deposit Scheme (MMPDSA)	TT Payable
Mudaraba Muhor Savings Deposits (MMSA)	PO Payable
School Mudaraba Savings Account (SMSA)	F.C. Deposits (excluding MFCD)
Mudaraba Farmers Savings Account (MFSA)

Suspense Account:

When charging of expenditure become necessary but can not be made with due approval for the want of maturity/ supporting papers, in these cases expenditure may be incurred to the debit of Suspense account.

Sundry Account:

When the amount received by the Bank can not be credited to the relative head of accounts for certain reasons, as like wrong account number, absence of beneficiarys name. In order to overcome the above situation Bank is required to keep such type of amounts in sundry Deposit Account.

Profit Suspense Account:

Amount recovered against the profit kept in Profit suspense account is transferred to Income account after realized.

Compensation Suspense Account:

Amount recovered against the Compensation kept in Compensation Suspense Account   is transferred to Compensation Realized Account after realization the adjust of Investment..

 

Equity:

01. External Equity-Long term & Short Term liabilities 02. Internal Equity-Owners equity & share capital

Call Money:

Interest bearing deposits repayable either on demand or after a period of notice depending upon the terms of contract.

Narrow money: Cash in hand & amount wthdrawable by cheque.

Broad money: Cash in hand & all types of deposit.

Hard Money: Other than cash but near to cash i.e. DD, Cheque, PO etc.

Balance of Trade:  

Balance of Trade of a country is a systemic record of economic transaction of visible commodities between the residents of the reporting country and the residents of the rest of the world over a specified period of time, usually one year.

Balance of Payment:  

Balance of Payment of a country is a systemic record of all economic transaction of visible & invisible commodities between the residents of the reporting country and the residents of the rest of the world over a specified period of time, generally one year.