Banks are maintaining Currency Chests as storehouses to keep stock of Bank Notes and Rupee Coins primarily to circulate currency and meet the client requirements. They carry out functions like remittance and withdrawal of currency, ensuring its integrity, availability and the maintenance of quality. For managing these day to day functions they require software which can cater to their needs in an accurate and efficient manner.
Currency Chest Module is a web based application which can be used extensively by Currency Chest to enter and record their daily transactions. The module provides daily mandatory reports like Inward-Outward Report, Bin Balance Consolidation, Net Effect, Link Office and Chest Slip etc. and extensive MIS.
Currency Chests have to invariably report all transactions Statutory Bodies. The module also provides data export to meet statutory requirements.
Branch Module – Branches can indent their Cash Requirements.
Dynamic Bin Allocation
Daily Mandatory Reports
Data Export to meet statutory requirements
Deposit and withdrawal of cash on First In First Out basis (FIFO)
Diversion, Exchange of Currency
Accuracy of Data
Centralized / Remote Control
Surprise Verifications by Inspectors / Officials made easy
Control over frauds – as Cash is put and taken out of vault on FIFO basis