Cash Transactions - Verification
- Conduct surprise physical cash verification at the branch, ATM, and agency vault, ensuring proper custody and safekeeping.
- Verify cash replenishment agency operations and account reconciliation.
- Scrutinize daily cash transactions for anomalies, particularly large receipts or payments.
- Confirm that cash verification is done by an officer independent of the joint custodian.
- Ensure all cash transactions of 10 lakh or more are reported in CTR.
- Verify PAN/Form 60 compliance for cash transactions of 50,000 or more.
- Check insurance cover for inward and outward cash remittances.
- Review currency chest transactions and timely reporting to RBI.
- Report and verify counterfeit currency.

Deposits - Verification
- Verify adherence to KYC/AML guidelines and FATCA/CRS compliance for all customer accounts.
- Ensure proper handling of large term deposits, particularly repayments in cash exceeding limits.
- Examine high-mortality accounts and dormant account revival processes.
- Ensure accurate reporting of Suspicious Transaction Reports (STR).




- Confirm the transfer of unclaimed deposits (10+ years) to RBI.
- Ensure senior citizen advantages are applied correctly.
- Verify changes to customer account details (address, PAN, etc.) per bank guidelines.

Loans & Advances - Verification
- Confirm loans and advances are sanctioned per delegated authority and documented correctly.
- Verify securities and their proper registration, and ensure correct entry in the system.
- Monitor compliance with prudential norms (income recognition, asset classification, provisioning).
- Validate follow-up actions for overdue loans, including physical verification of securities.
- Confirm all loan transactions are processed via the LLPS system.

LC/BG - Verification
- Ensure Letters of Credit and Bank Guarantees are issued as per standard formats.
- Verify margin, security, and terms of payment for compliance with sanction guidelines.
- Confirm government guar

📌 Bank Audit Staff (X7JX+MX2)
🏢 K J AJITH AND ASSOCIATES
📍 X7JX+MX2