Account and Finance Department
All accounting information is maintained in accounting department and with these available accounting information, finance department plans and control the funds.
There are lots of routine functions which accounting department has to do. To record the transaction on the basis of invoice, and vouchers, keep vouchers in safe place after including them in files and to reconcile the bank statements.
Responsibilities in brief
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Maintain Treasury Operations (Investment)
- Maintenance of minimum Cash Reserve Ratio (CRR)
- Maintenance of Money Market Operations like investment in Call money/ Repo/Inter Bank deposits to earn income.
- In line with maintaining adequate SLR, department trades in Government Securities
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Maintenance of Share accounting System
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Maintenance of the Book of accounts
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Budget Planning and control
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Offering Payment & Settlement Operations through RTGS/NEFT.
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Reconcile of the Book of accounts both Internal & External .
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To Prepare Interim Financial Statements & Annual Financial Statements
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Supervision, monitoring and review of work related to enforcing accountability