Beruflich Dokumente
Kultur Dokumente
Mirpur, Dhaka.
Cash Management
Compiled by:
D.R. Karmaker
Faculty Member
BIBM.
Cash is the most liquid Current Asset of Banks Balance Sheet and, as such, it
demands special attention for Efficient Management. Cash Department plays a
paramount role in creating good perception among the customers about the services of
a bank. Cash-in-charge, ideally a senior level officer with direct experience in cash
management shall be responsible in performing efficient cash management. Efficient
Cash Management constitutes the following roles.
1.
Receipt of Cash:
Before receiving cash from depositors in Pay-in-Slip/Credit Voucher the
concerned cash official(s) shall:
a. Verify/check the (a) Title of Account, (b) A/C Number, (c) Amount in
Words and Figures, (d) Date, etc. written on Pay-in-Slip/Credit Vouchers
with the records of computer program and shall satisfy on their correctness
and genuineness.
b. Carefully check and count the Currency Notes.
c. Write down denomination.
d. Affix Cash Received stamp.
e. Make entry of particulars of the Cash Received.
f. Verify entries/Particulars of Pay-in-Slip/Credit Voucher with those of the
Cash Receiving Register.
g. Keep Cash in the Drawer of Cash Counter under lock and Key (within
counter limit) during transaction hours.
2.
Payment of Cash:
While Paying Cash against debit instruments namely cheques, Demand Drafts
(DD), Pay Order (PO), Pay Slip (PS), SDR, FDR, etc, and also against other
debit instruments issued under scheme deposits of the Branch as well as Cash
Debit Vouchers, the following formalities have to observed:
Verify Genuineness & Authenticity of the instrument, make posting, passing
& cancellation of the Cheques and, thereafter, count relevant cash and note
down denominations thereagainst on reverse/back side of respective
instruments/ vouchers.
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4.
5.
6.
At the end of days cash transaction, Cash In-Charge shall count, sort and
balance the remaining cash (after receipt & payment) and shall prepare and sign
the Cash Position Memo. However, Deposit In-Charge/Manager shall check and
confirm that the figures mentioned in the Cash Position Memo agree with the
total figures of (I) Cash Payment Register, (II) Cash Receiving Register and (III)
Daily Affairs (cash in hand figure) and, upon satisfaction, shall authenticate the
Cash Position Memo by his full signature/ countersignature.
7.
8.
Vault Maintenance:
Branch has to ensure the vault/cash in safe limit as set by Head Office time to
time. Cash in excess of vault has to be deposited immediately with BB/Sonali
Bank or designated cash feeding branch.
Cash safe/vault Register:
The cash safe/vault register is a record indicating the contents of cash in the
safe/vault. All deposits and withdrawals from the cash safe should be recorded in
this register denomination-wise under the signature of the manager and the cash
officer. The balance of this register at the close of the days business will
represent the total cash holding of the branch. The balances of prize bonds,
sanchaya patras and other cash items must agree with the respective balances and
the related registers of the different cash item stock issue register.
9.
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