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Micr & Bach

In: Business and Management

Submitted By sabrina1010
Words 6268
Pages 26
Table of Contents Contents | Page No | Executive Summary | 2 | Chapter 1- Introduction | 3-4 | Objective | 3 | Scope | 4 | Chapter 2- Contribution of MICR cheques & Automated Clearing House over our economy | 5-18 | New era in Bangladesh Banking | 5 | Old payment and settlement system | 7 | Clearing activities in old system | 7 | Difficulties in old system | 9 | New payment and settlement system | 10 | About MICR cheques, its processing ,benefits and strength | 11-14 | About automated clearing house | 14 | Overall contribution over our economy | 16 | Chapter3 - Criticism | 19 | Chapter4 - Conclusion | 20 | Chapter5 - References | 21 |

1. Introduction 2. About Bangladesh banking and the new era 3. Old payment and settlement system 4. Difficulties of old system 5. New payment system

Executive Summary

This Term Paper is about the “contribution of MICR cheques & Automated Clearing House over our economy”. It is great pleasure for us that banking industry of Bangladesh is growing and modernizing its activities to a great extent. So in my term paper I have tried to demonstrate our new payment and settlement system, which recently adopt new methods and systems. As we know Bangladesh bank launched new MICR cheques as the initiative of automation system to all over banks in our country. So considering the importance of having a modern state-of-the-art payment and settlement system, Bangladesh Bank has actively worked...

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