agrani bank

of fund may be affected at the written request an account holder of the branch and against value received from him. It is preferable to obtain a confirmatory cheque from the customer.

Characteristics: a. Issued by one branch to another branch and massage is tele-communicated b. Remittance / transfer of money is done through tested tele messages. c. Remittance is affected on the basis of tested message. d. Test key apparatus is required.

Issue of T. T: Obtain T.T. application form duty failed in and signed by the purchaser/applicant with full account particulars of the beneficiary. Receive the amount in cash/transfer with prescribed commission, postage, and telephone/telex charge. Prepare T.T. message inserting test number (code number). Enter in T.T. issue register. Issue advice to the payee branch.

Dr.: Cash or Cheque Cr.: Gen. A/C Paying Branch Cr.: Income A/C - Commission on T. T. Cr.: Telegram charges. (Cost Memo given to the purchaser) T. T. message prepared in duplicate, checked and signed by the in charge and Manager, tested and transmitted. IBCA prepared in duplicate. The original sent to paying branch as confirmation of message.

T. T. Receiving and payment: Go through text of the T. T. carefully and 'Decode' the text and tally the test. - If the test agrees - Pass the Following Vouchers: a. T.T. Advise and Credit Dr. Gen. A/c - Issuing Br. (Responding) Cr. Bills Payable - T.T. Payable Dr. Bills Payable - T.T. Payable Cr. Party A/C. b. T.T. Advice & PAY Dr. Gen. A/C Issuing Branch (Respond) Cr. Bills payable A/C - T.T. payable (T.T. PO is issued and delivered to the Payee) Dr. Bills Payable A/C - T.T. Payable (T.T. PO) Cr. B/P Cash /Clearing (Duly signed by the payee on revenue stamp and identification) IV) Money Transfer (M.T) In the prescribed format the purchaser / the drawer branch instruct the drawer branch to pay a specified sum of money to the payee named in the IBCA preferably by crediting his account.

Issuance Procedure of M.T: i. Application in writing in prescribed form ii. Deposit of money including commission iii. Issue of cost memo iv. Entry in M.T. issue register serially v. M.T. advice in IBCA (in block letters) with Test.

Vouchers: Dr. Cash / Party A/C Cr. General A/C (Drawee Br)