Operational Procedure – Deposits to Current Accounts

INTRODUCTION

The purpose of this assignment is to understand the operational process in relation to bullion deposits to current reports Hatton home(a) Bank PLC.

Hatton National Bank PLC is a leading private bank in Sri Lanka. HNB is a large-scale company where approximately 4350 employees are operative. It provides banking, monetary and a wide range of related services and has abroad extension offices in Chennai and Karachi.

We have examined the process at the Middeniya split of Hatton National Bank PLC.


OPERATIONAL PROCEDURE DEPOSITS TO CURRENT ACCOUNTS
prepareor Tenders a Deposit at the Counter
When a constituent men in a perfected Cash Deposit swerve for a specified amount with the equivalent amount of exchange to be deposited, the undernoted procedure should be followed.

1. The Teller should examine the Deposit Slip and satisfy himself / herself that it has been properly completed by checking the undermentioned details ?

a.The correct name of the customer and ac librate get along has been entered in the spaces provided.
b.Particulars of the denominations have been entered.
c. The Deposit Slip bears the date and the hint of the depositor.
d.



Alterations if any, on the Deposit Slip are authenticated by the dear signature of the depositor. It would nevertheless be advisable to meet a fresh Deposit Slip where the amount is modify and the deposit is not being made by the account holder personally.
2. The Teller will then proceed to count the cash tendered with the Deposit Slip beginning with the highest denomination tendered and working down to the lowest, until all the cash has been counted. In the process he / she must ensure that every currency note and gold tendered is not forged, mutilated or obsolete. As the counting of the cash in each denomination is completed, the value of cash legitimate should be entered on reverse of the Deposit Slip on the preprinted denominations column provided for this purpose. Once the...If you want to get a full essay, order it on our website: Ordercustompaper.com



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