INTRODUCTION TO JS BANK

JS bank limited was formed in 2006 by the merger of Jahangir Sidiqqui investment bank and the
commercial banking operation of American express in Pakistan in term of deposit growth. JS bank grown
rapidly to 321 branches in 161 cities in Pakistan and 1 international branch in Manama Bahrain. JS
consolidated profit after tax quarter ended march 31, 2018 were RS 352.2 Million

CASH MANAGEMENT & ATM

Cash management services include local and cross border payment, collection, information
management and investment services for corporate, institutional and individual client.

(A) CASH TRANSACTION

CASH PAYMENT
Universal teller deals with the transaction of local currency account of the branch. Let’s suppose
a client steps in the bank and present the cheque of same branch or some other branch of JS. The
cashier will make sure the following:

i. The cheque is neither post dated nor more than six months old
ii. There is no cutting or over writing on the cheque, and if there is any, there must be
signature of authorized person. ( account holder )
iii. The amount in words and figure are same.
iv. There is on clearing, cash, and transfer stamp already affixed on the cheque.
v. Cheque is not marked as stopped.
vi. Verify the signature of the drawer of the cheque.
vii. Customer has put his/ her signature on the back of the cheque.
viii. Amount more than 50000 must call back to customer.
ix. There are sufficient fund in the account to honor cheque.
x. In case of business /companies /firms /their rubber stamp is affixed and authorized
officials have signed.
xi. On all payment voucher on their backside the cashier must affix cash paid stamp.

CASH RECEIPTS
The following points teller should be keep in mind at the time of receiving of cash

i. Count the cash

ii. Write detail of cash received sign
iii. Affix cash received stamp
iv. Sign it on the prescribed place
v. Utility bills
vi. Deposited by customer in the account

BALANCING OF CASH
Universal teller prepare on daily basis, statement for closing cash balance as per the following
Performa.
Date Denomination Sorted Unsorted Coins

Reissueable Defective Soiled

INSURANCE OF CASH

As per instruction of state bank of Pakistan branch vault are insurance with insurance company
in case of any loss insurance company are responsible. If branch vault are exceed from limit
excess amount should be insurance at same day.

CASH SHORTAGE OR EXCESS

Cash short and over is an income statement of account in which shortages and overages in cash
are recorded. Any difference between actual cash at the end of the day versus the expected
amount of cash based on based on checked cashed, deposit received.

ATM
An ATM card is a payment card or dedicated payment card issued to customer which enables a
customer to access automated teller machines (ATMS)

RESTOCKING & BALANCING

These following points teller should be remain at the restocking and balancing

i. Prepare cash for restocking

ii. Obtain ATM cash position
iii. Switch ATM to supervisor mode
iv. Unlock ATM cash safe
v. Count and balance cash
vi. Post to ATM GL A/C
vii. Place cash in cassettes
viii. Insert cash cassettes
ix. Input cash number into ATM
x. ATM to live mode

TREATMENT OF SHORTAGE CASH & EXCESS

i. Posting cash excess & short account
ii. Reconciliation with ATM general roll
iii. Reconciliation with ATM cash report
iv. Intimation to area and finance division
TREATMENT OF CAPTURED CARD
Acquiring branch to return the card after proper identity check through the presentation of
original CNIC also required to get a disposition long or signed with date and time along with
photocopy of original CNIC.

Bank maintains the proper record of retained, return and cut for at least six months. Card can be
collected from acquiring branch with two working days in case of other banks card are sent to
card facilitation center if card holder not collect. Issuing branch card kept at least ten days.

CLEARING, TRANSFER, ONLINE, COLLECTION

CLEARING
Clearing is a system in which fund transfer from one bank to another bank .clearing are two
categories outward clearing and inward clearing.

Outward clearing
Outward clearing means cheques and other instruments sent for collection on behalf of customer.
Outward clearing increase the deposit of the bank

Inward clearing
Inward clearing are cheques and others instruments draw on drawee banks are collected by other
bank .inward clearing decrease the deposit of the bank.

Different form of inward and outward clearing

Local cheque clearing

Within the same geographical / clearing zone .local clearing included returns cheque processing
24 hours clearing cycle.

Intercity cheque clearing

Drawn bank outside the local clearing .intercity clearing included returns cheques 48 hours
clearing cycle

Same day clearing

Same day clearing refer to money that can be transferred or withdrawn the same day that it
deposited. Same day clearing included returns 4hours clearing cycle.

REMITTANCE
To cater the needs of people living abroad , now with JS bank you can send or receive money
from anywhere outside Pakistan and anywhere within Pakistan.JS bank remittance services is
available for everyone you do not need any of account . Inward remittance receives money on
the behalf of customer and outward remittance sent money on the behalf of customer.

PAY ORDER AND DEMAND DRAFT

Demand draft
The other city transaction can be done with
demand draft . it is made by the request of the
customer .
Demand draft also know as negotiable
instrument
Demand draft can be cancelled only with the
beneficiary consent
Pay order
The same city transaction can be done with pay
order .it is made by the bank request of the customer
Pay order also know as not negotiable instrument
Pay order can be cancelled only with the beneficiary
consent.

TELEGRAPHIC TRANSFER
Telegraphic transfer is an electronic method of transferring funds utilized primarily for oversea
wire transaction .funds are transfer through swift society worldwide interbank financial
telecommunication .the use of these system provides a level of security to the transaction.

SECURITY ARRANGEMENT OF CASH VAULT

Branch covered by CCTV camers ,alarm monitoring system installed other devices such as
sensors ,smoke detection ,fire alarm, fire extinguisher .branch equipped with alarm monitoring
system conned with outside company .