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Administration Manual - B.E.S.T. Undertaking.

Administration Manual - B.E.S.T. Undertaking.

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1168<br />

the period of 366 days to 370 days at their card rates. The norms for placing service<br />

rendering deposit for lifting lower denomination notes/coins upto<br />

Rs.20 denomination are as follows :-<br />

.<br />

Denomination Deposit to be placed<br />

% of value lifted<br />

Rs.1/- 100%<br />

Rs. 2/- 50%<br />

Rs. 5/- 20%<br />

Rs. 10/- 30%<br />

Rs. 20/- 10%<br />

On receipt of advice from ATC/CCR regarding lifting of notes/coins by any bank<br />

following steps should be followed.<br />

1. To submit proposal to G.M. through CAO & FA, CIA about placing of Term Deposit<br />

with bank stating therein denomination wise notes/coins lifted by the bank.<br />

2. On approval of the G.M. a bill voucher is prepared in favour of the concerned bank &<br />

cheque is drawn and issued to such bank accordingly.<br />

3. To collect TDR from the bank & enter it in the register kept for the purpose, obtain<br />

signature of senior officer and get it audited by MCA.<br />

4. Prior to date of maturity of term deposit, arrange to discharge TDR, send it back,<br />

receive the maturity proceeds and instruction for depositing in SBI, Commercial<br />

Branch under high value.<br />

D. Certificate of Deposit :

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