Job Description:

C&S-Currency; Chest

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 5-6 people in the currency chest.

Key Skills- * Financial Acumen – Solid understanding of cash management and banking operations.

- Security Awareness – Understanding of security protocols for handling and storing cash
- Regulatory Knowledge – Familiarity with laws and regulations governing currency management and banking operations
- Integrity and confidentiality – Adherence to ethical standards and maintaining confidentiality of cash operations
- Problem Solving skills – Ability to address and resolve issues

Clearing & Settlement: Role description
- Executing day to day Currency Chest Operations as per the regulatory guidelines
- Monitoring the CRL of the mapped branches in co-ordination with CC Head/Ops Head/ BBO team
- 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
- Liaising with vendors for upkeep of Note Sorting Machines, Counting Machine etc.
- Updating entries in CCMS for inward, outward, sorting, bin management etc
- Ensuring vigilance keeping security aspects in mind
- Monitoring of sorting operations
- Accompanying Soiled Note Remittance sent to RBI and handing over of cash to RBI with acknowledgement
- Attending RBI CVPS i.e. processing of Soiled Note remitted by Chest
- Processing of vendor Bills in P2P
- Liaising with COT team for approval
- Handling joint custodianship of vault, whenever required
- Ensuring Checking and proper maintenance of Safety & Security gadgets
- Updating & Maintaining various registers at the Currency Chest
- Timely verifying Finacle & CCMS transactions
- Monitoring of CIT vehicles as per the RBI guidelines
- Reconciliation of Chest cash balance at the EOD.
- Submission of MIS as per CO Requirements.

Key Responsibilities

- Liaisoning with RBI/ vendors/ Other Banks
- Co-ordination with CC Head/Ops Head/ BBO team
- Ensuring 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

Qualifications

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

Role Proficiencies:

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.

Skills:

Refer to the Job Description

About Company:

Axis Bank is the third largest private bank in India, serving ~59 million customers with a workforce of over 104,400 employees as on March 31, 2025. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses. As on March 31, 2025, The Bank has a large footprint of 5,876 domestic branches, 13,941 ATMs and cash recyclers, with close to 47% branches in rural and semi-urban region. The Bank's overseas operations encompass eight international offices, including branches in Singapore, Dubai (at DIFC), and Gift City-IBU. There are also representative offices in Dhaka, Dubai, Abu Dhabi, and Sharjah. The international offices focus on Corporate Lending, Coverage Business, Trade Finance, Syndication, Investment Banking, Liability Businesses, and Private Banking/Wealth Management offerings.

📌 C&S:Currency Chest Operations Officer (Jaipur)
🏢 Axis Bank
📍 Jaipur