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Thursday 28 November 2013

Duties of Universal Teller in Banking sector

This Article Was Live On: Thursday 28 November 2013 And Till Now HaveNo comments.


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Role of Universal Teller in Banking sector.



In addition to the duties of clerical cadre, duties of UT shall be as under: 

  1. Receive cheques/ withdrawal forms/ demand drafts/ bankers’ cheques, process, verify that the instrument is correctly drawn, verify customers account details, operational instructions and correctness of endorsements; 

  2. Verify customer’s signature, post transactions in branch computer system and authenticate/ independently pass and make payment of cheques/ withdrawals forms/ demand drafts/ bankers’ cheques up to and including Rs.35,000/-; 

  3. Receive Cash and whenever necessary, stamp, sign and issue counter slips/ acknowledgements up to and including Rs.40,000/-;

  4. Accept cash from Head Cashier, maintain and manage records, tally cash and hand over remaining cash to
  5. Head Cashier and generation of relevant/ required reports;

  6. Update pass books;

  7. Accept instruments for transfer, give due acknowledgements, process, post and authenticate/pass independently up to and including Rs.1,00,000/-;

  8. Prepare print and issue remittance instruments i.e. DD/MT/BC and relative advices wherever required, paste protective tapes and punch values where applicable and sign them independently up to and including Rs.25,000/-.

  9. For DD/MT/BC beyond Rs.25,000/- the Universal Teller will be required to print and only sign as second signatory.

  10. Accept instruments for clearing/collection and give due acknowledgements;

  11. To briefly explain the features of Bank’s various products and services to customers, to reply their queries and to refer interested customers to appropriate specialized sales personnel.



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