C&S:Currency Chest Operations Staff

2 - 4 years

4 - 6 Lacs

Posted:-1 days ago| Platform: Naukri logo

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Work Mode

Work from Office

Job Type

Full Time

Job Description

C&S: Currency Chest Operations Staff

Internal Usage

  • No. of Vacancies

    :
  • Reports to

    : Currency Chest Head
  • Is a Team Leader

    : NA
  • Team Size

    : NA
  • Grade

    : Assistant Manager / Deputy Manager
  • Business

    : Retail Operation
  • Department

    : Clearing & Settlement
  • Sub - Department

    : Currency Chest
  • Location

    : Mumbai
  • BU

    : Retail Ops
About the Role
Currency chest operation is a critical function monitored by the RBI. It provides cash services to branches and ATMs while ensuring compliance with regulatory guidelines. Efficient operations help strengthen the organizations overall performance.

Team Size

: 56 people in the currency chest.
Key Responsibilities
  • Execute day-to-day currency chest operations as per regulatory guidelines.
  • Monitor the CRL of mapped branches in coordination with CC Head/Ops Head/BBO team.
  • Handle cash remittance (payment to branches/CRAs and receipt from branches/CRAs/recyclers).
  • Ensure proper sorting of notes as per RBI guidelines and supervise Sorters.
  • Manage discrepancies identified during sorting.
  • Check and pack soiled note remittance boxes.
  • Accompany soiled note remittance to RBI and ensure proper handover/acknowledgment.
  • Attend RBI CVPS for processing of soiled notes.
  • Liaise with vendors for upkeep of note-sorting/counting machines.
  • Update entries in CCMS (inward, outward, sorting, bin management).
  • Process vendor bills in P2P and coordinate with COT team for approvals.
  • Maintain joint custodianship of the vault, as required.
  • Ensure maintenance of safety & security gadgets.
  • Update and maintain various registers at the currency chest.
  • Verify Finacle & CCMS transactions in a timely manner.
  • Monitor CIT vehicles in line with RBI guidelines.
  • Reconcile chest cash balance at EOD and submit MIS to CO as required.
  • Liaise with RBI, vendors, and other banks as needed.
  • Ensure compliance with security and vigilance requirements.
Qualifications
  • Graduate.
  • Additional certification in banking preferred.
Role Proficiencies
  • Experience in branch banking operations (preferably as Branch Teller or in cash management).
  • Knowledge of internal accounts in Finacle.
  • Proficiency in MS Excel & MS PowerPoint.
  • Strong problem-solving and communication skills.

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Axis Bank

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