C A R M-9

Branch:NARSIPATNAM

For the month of December- 2014

REPORT ON DEPOSIT ACCOUNTS.

PARTICULARS

CA

SB

Term Deposits

Number of new Accounts opened during the month

694

43

Common features for All Deposit Accounts:

1 Whether accounts opened during the month are in line with
RBI guidelines/ stipulated norms for opening of new
accounts (SB, CD and Term Deposits)
2 Whether Branch has complied with Know Your Customer
Norms in opening of Deposit Accounts
3 Whether nominations are obtained and recorded properly
4 Whether insurance premium debited to the newly opened
Insurance linked Deposit accounts on the same day (ASB,
AGSB, AbhayaJeevan, ICD) and credited to Insurance
Company's account with nodal branch
5 Whether abnormal transactions are observed in personal
accounts of Staff such as SB/ ASB/ CD/SOD?
6 Quote
the instances
where term deposit
amount/aggregate of deposits, including interest amounting
to Rs.20, 000/- per depositor are paid in CASH in violation of
Income Tax rules
7 Whether Branch is complying with the standing instructions
given by Account holders promptly.
DEMAND DEPOSITS
(Please use separate sheet wherever necessary)
1 Comment on the accounts directly opened by cheque instead of
cash
2 Whether SB/CD/ASB/ Debit Cards undelivered/ Kiddy Bank /
Passbooks of customers remaining in the branch are kept in
proper custody
3 Whether branch is making manual entries in pass books in
violation of guidelines
4 Whether SB/CD/ASB/Cheque
Book
issue Register is
maintained. Requisition slips filed as per rules
5 Whether Cheque books are delivered to the account holder or
persons authorized and service charges are levied for issuance
of cheques-books wherever applicable?

Yes
Yes
Wherever obtained
Yes

NO
No Such cases

Yes

Nil
Yes
No
Yes
Yes

INOPERATIVE ACCOUNTS
1

2
3

4
4.1
4.2
4.3

Whether the system is taking care of conversion of

operative accounts to inoperative accounts in the event of
non-operations in Savings Bank accounts for a period of
two years and for a period of one year in Current Deposit
accounts respectively
Whether service charges are levied in SB/CD inoperative
accounts once in a year
Whether debits in inoperative accounts are authorized by
Manager and concerned Departmental Officer? (Please
check the entry and signature on the instrument with
specimen signature card on record)
Verify all the accounts that are transferred from inoperative
to operative during the month and report
Whether any abnormal transactions are noticed. If yes,
please furnish details
Whether KYC guidelines are implemented (If no, please
furnish the a/c numbers
Any other observation

Yes

Yes
Yes

Yes

Yes
Nil

TERM DEPOSITS
1
2
3
4
5
6
7
8
9
1
0
11

Whether Age proof is obtained in case of deposits in the name

of senior citizens (in case of extra interest paid)
Whether branch obtained permission for accepting Term
Deposits of Rs. 1 crore and above (in case of bulk deposits)
Whether correct rate of interest is paid on renewal of overdue
Term Deposits during the month (Accuracy in calculation and
application of correct Rate of Interest to be checked)
Whether interest paid on premature cancellation of Deposits
during the month is correct in terms of application of correct
rate of interest and accuracy in calculation
Whether necessary precautions as laid down are observed
while issuing duplicate Term Deposits
Whether system generated serial no. is tallying with the
printed serial no
Whether all Term Deposits offered as security to the Bank for
Deposit Loans / Other Loans / Other facilities such as LC, BG
are duly linked as security in the system.
Whether the deposit loan is linked to the deposit
Whether TDS is collected in respect of payment of interest on
Deposits as per Sections of Income Tax Act and remitted to IT
Authorities within seven days from the end of the month
Whether due date notices are given to depositor

Yes

Any other observations/comments in the above mentioned

accounts, which require the attention of Zonal/Head Office

Nil

Nil
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No

Furnish the Particulars of Deposits accepted at

interest rates other than card rates
Name of the
depositor

Amt
(Rs. in
crores)

Rate of int. at
which deposit
accepted

Card
Rate

NIL

CERTIFICATE
We certify that special rates were allowed as above duly
permitted by the competent authority.

Signature of the Branch Manager

Signature of the auditor
Details of FCNR/NRE/ONR Accounts newly opened
during the month.
Type of Account

No. of A/cs opened

Nil

1
2

3
4
5
6

Whether the Branch is maintaining

these
accounts separately without mixing them with
Domestic deposits
Whether the Branch is noting the full details of
Depositors in the system such as Address,
Passport details, Occupation and Nationality etc
Whether the copies of VISA / passport are
obtained duly attested by Branch Manager / Officer
Whether the branch is noting VISA particulars to
know the current status of the depositor
Whether the branch is noting the full details of
transactions in the computer system
Whether
the
Branch
is
obtaining
proper
introduction and recording Authorized Dealers
signature

No such account is
opened during the

7
8
9
10
11
12
13
14

15
16
17
18

19

What are the instances where the rate of interest

offered is not as per RBI guidelines/Head Office
guidelines from time to time?
Quote the instances of irregularities in the
payment of interest on NR Deposits
Any other irregularities observed in the operations
of these accounts
What is the time taken for getting realization
advice from OSB,IBD, Mumbai
Whether transactions under FCNR are reported to
IBD, Mumbai and control number obtained
If presented in the form of Foreign currency,
whether the same is handed over to Authorized
agent/Money Changers for obtaining counter Draft
Whether operations under NRE accounts allowed
as per H.O.Cir.No.205/15/20 dated 26.09.1996
and guidelines issued from time to time
Whether funds received through Western Union
Money Transfer or any other inflow of funds, which
are not eligible for credit to NRE accounts are
allowed to be credited
Whether the Branch is holding any Foreign
Currency Notes and if yes whether the currency is
properly accounted for
Whether the control number given
by
IBD,
Mumbai
is being noted in the system
/ledger/Correspondence?
Whether the branch is submitting the IBS returns
to the Controlling Office/IBD, Mumbai promptly.
Whether the branch is submitting Form I/II/III
[wherever required] as per Head Office guidelines
& FCNR cheques are sent to IBD, Mumbai in FCNR
schedule only
Any other observations/comments, which require
the attention of Zonal/Head Office

Deficiencies observed

NIL

Branch compliance

NIL