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ofit for three or six or nine months is given. Profit is calculated for the six months only for outstanding TDR. Zakat is also deducted but if Zakat deduction form is submitted to the bank, no Zakat will be deducted then. 10% with holding tax is also deducted from the profit to calculate net profit.

CALL DEPOSIT:

It is highly liquid instrument. It can be cashed at any time when needed. This instrument bears no profit on it. It is mostly used for the purpose of tenders.

LOCKERS:

In the complex and unsafe environment of today it has become a necessity for every person to obtain lockers. These are the safe keepers provided by the banks. Mostly the public to safe keep there valuables uses these lockers and bank has the obligation to maintain them.

As per the requirement of people banks are now a days maintaining many sizes of lockers. MCB is also a part of this concern and is maintaining 4 sizes in lockers.

Size Fee Charged Key Deposit

(In Pak Rupees). (In Pak Rupees)

Small 1000 3000

Medium 1050 3000

Large 3000 3000

Extra Large 4000 3000

Key Deposit is the only amount in this instrument, which is refundable at the time lockers, is returned. The rent for the month is taken in advance and is taken annually.

FOREIGN EXCHANGE

IMPORTS:

1. LCS ESTABLISHMENT:

Any company can provide its documents containing e-form, bill of landing, short shipment notice in case of short shipment, packaging list etc. The information provided from the documents is recorded in the LC establishment portion or section in the computer.

2. PAYMENT OR RETIREMENT:

When the transaction has been completed then approved documents from the concerned bank are sent to the home bank for the payment or retirement of the LC. These transactions have been recorded in the payment or retirement section of the computer.

EXPORTS:

1. LODGMENT:

Any company can provide its documents containing e-form, bill of landing, short shipment notice in case of short shipment, packaging list etc. The information provided from the documents is recorded in the LC lodgment portion or section in the computer.

2. PAYMENT:

When the transaction has been completed then approved documents from the concerned bank are sent to the home bank for the payment or retirement of the lodgment. These transactions have been recorded in the payment or retirement section of the computer.

FOREIGN CURRENCY DEPOSIT:

The foreign currency deposit relates with the foreign currency accounts, cash deposit or credit and foreign remittances.

FOREIGN REMITTANCES:

In this we received the messages through SWIFT for foreign remittances. Which we record in their respective accounts. If these are relates with Pak rupees than it was transferred in Pak rupees with the latest rate and if this relates to the foreign currency than it is dealt with accordingly. The amount has been credited to the respective account and the head office has been debited against it. After crediting the amount to the respective account. All the subsequent entries have been made in the registers and also in the computer record as the system now have been upgraded on com