Module: General Practice
Q9: What is the correct procedure for reporting currency chest diversions?
Diversions between chests of the same bank must be reported as a 'withdrawal'.
Diversions between chests of different banks must be reported as a 'deposit'.
All diversions must be reported through the 'Diversion Module' of the CyM-CC Portal.
The currency chest sending the diversion must initiate the entry, and the receiving chest must acknowledge it.
Diversions between chests of different banks must be reported as a 'deposit'.
All diversions must be reported through the 'Diversion Module' of the CyM-CC Portal.
The currency chest sending the diversion must initiate the entry, and the receiving chest must acknowledge it.
✅ Correct Answer: B
All currency chest diversions must be reported using the 'Diversion Module', as per the RBI Master Direction. They should not be entered as deposits or withdrawals.
The sending CC initiates the entry, and the receiving CC acknowledges it to complete the Currency Chest Reporting cycle.
The sending CC initiates the entry, and the receiving CC acknowledges it to complete the Currency Chest Reporting cycle.