C&S:Currency Chest Joint Custodian

• Executing day to day Currency Chest Operations as per the regulatory guidelines
• Monitoring the Vault operation as Joint custodian
• Tallying of Vault cash on daily basis.
• Processing of Unsorting cash received from branches within ( T+2) basis.
• Adjudication of Notes received from branches
• Maintaining records of Bi-monthly/Half Yearly/ cash verification/other Audit at the chest.
• Handling cash remittance i.e. cash payment to branches and CRAs (ATMs) and cash receipt from branches or CRAs recyclers)
• Ensuring proper sorting of notes as per RBI guidelines and monitoring the Sorters at the chest. Handling and managing discrepancies found during sorting.
• Ensuring checking and proper packing of Soiled Note Remittance boxes
• Handling CCMS updating for inward, outward, sorting etc
• Ensuring vigilance keeping security aspects in mind
• Accompanying Soiled Note Remittance sent to RBI and handing over of cash to RBI with acknowledgement
• Attending RBI CVPS i.e. reprocessing of Soiled Note remitted by Chest
• Ensuring Checking and proper maintenance of Safety & Security gadgets
• Updating & Maintaining various registers at the Currency Chest
• Reconciliation of Chest cash balance at the EOD.
• Timely RBI reporting in E-Kuber

• Why does the role exist
• There is shortage of currency chest Joint custodian staff to perform the day to day activity.
• What is its contribution towards the organization

Currency chest operation is critical job & also monitor by the RBI. Currency chest is cash operation job providing services to branches as well as ATMs. Currency chest to follow all the regulatory guidelines & this would help to perform better for the organization.

What is the size of the operation the position manages and supports

Total size of the operation is 7 people in the currency chest.

• Handling of vault as Joint Currency chest
• Processing of Unsorting Cash within T+2 basis
• Accuracy of payment to ATM , Branches etc
• Tallying of cash in vault by EOD.
• Co-ordination with CC Head/Ops Head/ BBO team
• Follow with regulatory guidelines
• Handling cash remittance i.e. cash payment to branches and CRAs (ATMs) and cash receipt from branches or CRAs recyclers)
• Ensuring proper sorting of notes as per RBI guidelines and monitoring the Sorters at the chest. Handling and managing
• Excellent problem solving and communication skills

• Optimal qualification for success on the job is:
• Graduate
• Additional Certificate course related to Banking sector
• Knowledge of Internal Accounts in finacle, MS excel & MS power points

For successful execution of the job, the candidate should possess the following:

Experience in branch banking operations preferably as Branch Teller or cash management as a Teller