Banking Operation Manual
Banking Operations Manual
Banking Operations Manual
THE A.P. STATE CO.OPERATIVE BANK LTD TROOP BAZAR :: HYDERABAD _________________________________________________ Vol. I
1
Banking Operations Manual
PREFACE
This Banking Operations Manual is prepared with a view to provide a ready guide to the officers and staff of the Bank – Andhra Pradesh State Cooperative Bank (APCOB) - in day-to-day banking operations. The Manual is prepared based on the extant banking law, practices and is an attempt to provide guidance to the front office functionaries in the Banking operation of the Bank. It is compiled in January - March 2008 and mainly covers the aspects which are currently relevant to the Andhra Pradesh State Co-operative Bank (APCOB). The Manual is to be used keeping in view any changes in rules and practices over time. This is also not a document to provide any full fledged legal framework of banking operations and is in the nature of a guide to operatives and not a rigorous substitute for extant circular instructions, directives etc. The language used is also one to facilitate understanding rather than being legalistic. Throughout this Manual, based on the context, the reference to Masculine gender is to be read as reference to Feminine gender also and similarly the usage of singular be read contextually to include the plural. In compiling this document, use has extensively been made of the Operational Manual for Cooperative Banks [2004 edition] brought out by the National Federation of State Co-operative Banks, Mumbai, which is gratefully acknowledged. This Manual has been gone through in detail and vetted by various senior officers of Head Office and the Co-operative Training Institute of the Bank. The final version is brought out after detailed consultations with wellexperienced officers at the Head Office and Branches. Over a period of time it is expected that this manual will be vastly improved based on inputs from the functionaries at different
Banking Operations Manual
THE A.P. STATE CO.OPERATIVE BANK LTD TROOP BAZAR :: HYDERABAD _________________________________________________ Vol. I
1
Banking Operations Manual
PREFACE
This Banking Operations Manual is prepared with a view to provide a ready guide to the officers and staff of the Bank – Andhra Pradesh State Cooperative Bank (APCOB) - in day-to-day banking operations. The Manual is prepared based on the extant banking law, practices and is an attempt to provide guidance to the front office functionaries in the Banking operation of the Bank. It is compiled in January - March 2008 and mainly covers the aspects which are currently relevant to the Andhra Pradesh State Co-operative Bank (APCOB). The Manual is to be used keeping in view any changes in rules and practices over time. This is also not a document to provide any full fledged legal framework of banking operations and is in the nature of a guide to operatives and not a rigorous substitute for extant circular instructions, directives etc. The language used is also one to facilitate understanding rather than being legalistic. Throughout this Manual, based on the context, the reference to Masculine gender is to be read as reference to Feminine gender also and similarly the usage of singular be read contextually to include the plural. In compiling this document, use has extensively been made of the Operational Manual for Cooperative Banks [2004 edition] brought out by the National Federation of State Co-operative Banks, Mumbai, which is gratefully acknowledged. This Manual has been gone through in detail and vetted by various senior officers of Head Office and the Co-operative Training Institute of the Bank. The final version is brought out after detailed consultations with wellexperienced officers at the Head Office and Branches. Over a period of time it is expected that this manual will be vastly improved based on inputs from the functionaries at different