✅ General Practice
Q1
What is the minimum amount for a deposit into or withdrawal from a currency chest, and what are the subsequent multiples required?
Q2
By what time must currency chests report all transactions through the CyM-CC portal on a standard working day?
Q3
What is the correct reporting procedure, if a currency chest operates on a day when the CyM-CC portal is not available (e.g., a global holiday or Sunday)?
Q4
Consider the following statements:
Q5
Which of the following statements regarding the eligibility of cash in currency chest balances are correct?
Q6
What specific transaction type must currency chests take particular care to ensure is NOT reported as a 'deposit' transaction?
Q7
Penal measures for shortages in chest balances, shortages due to pilferage or frauds, and counterfeit banknotes detected in chest balances shall be taken on the basis of the prevailing ……..
Q8
What penalty is levied if a currency chest wrongly reports soiled note remittances sent to the RBI as 'withdrawals'?
Q9
What is the correct procedure for reporting currency chest diversions?
Q10
Which of the following statements regarding penalties for reporting irregularities are correct?
Q11
What functionality is provided by the CyM-CC portal to assist with a bank's Business Continuity Plan (BCP), if a currency chest cannot report due to connectivity issues?
Q12
Who is designated as the Competent Authority to decide on the nature of an irregularity and levy a penalty or penal interest?
Q13
Which of the following statements regarding the waiver of penal interest are correct?