How to find indian bank cif number

how to find indian bank cif number

How To Check SBI Transaction Status Using The Reference Number

The State Bank of India is one of the finest banks available in India. The bank is known for the large number of services and facilities it provides. One such facility is the checking of the transaction status for any form of internet banking transaction with a Reference Number. One can do this by following the simple steps stated in this article. Mar 22,  · Author was Member of ICAI- Regional Research Committee and ICAI- Committee For Direct Taxes and can be reached at email [email protected] or on phone Phone: 0 1 2 6 6 1 9 4 6. Cell: 9 8 3 7 5 1 5 4 3 2 having office at 1 1 5, Chappel Street, Meerut Cantt, UP, INDIA) View Full Profile.

Our Alma mater plays an important role in the process of auditing of PSU banks. The exercise of empaneling the auditors on year to year basis and submitting it to RBI for how to find indian bank cif number forwarding to the PSU is a tough job.

In the past, ICAI had aimed at setting up a benchmark in Bank Audits by using the technical expertise of Finacle partners, Infosys, as they have committed to provide us comprehensive and high quality solutions for our CA members to conduct the audit of banks effectively and efficiently.

Although Bank Audit is much more than just knowing the How to make hard cookies soft Banking Software, a proper understanding of such software ensures a smooth and result oriented Audit Procedure. As how to install android on chinese iphone 4 Guidance note for Bank Audits issue by The Institute of Chartered accountants of India, as part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit.

We also Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion.

The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

At the part of Auditors, it has become essential to have a working knowledge of Finacle in order to conduct Bank Audit. Finacle uses different menus for different functions and reports. In this article I have attempted to summarize 51 key Finacle menus and their uses related to Loans by the bankers. Finacle has hundreds of menu options but of course not all of them are useful to Auditors. This is only an exhaustive list of Finacle menu options which can be useful in the process of a statutory Bank Audit.

This menu can effectively be used to figure out daily balance of advances and deposits of the bank. Major expenses can also be checked and provision of interest accrued and Non-Performing Asset can be verified.

Sudden increase in advances and deposits just before the balance sheet date should be verified to check any window dressing done by the branch. Thus revenue leakage can be identified.

What is the conductivity of aluminum Schedule is drawn based on Actual balance of loan account when Schedule is set as Actual. The menu can be used for future dates also.

The statement of account of an NPA account from the date of NPA starting with the balance and reversal of unrecovered interest. Statement shows interest accrued entries as well as actual transactions such as recovery or credits and interest application. This menu simply generates the list of accounts classified as NPAs in Finacle. Auditor should verify that the balance sheet shows the exact amount of NPAs as Finacle.

Discrepancies, if any, should immediately be reported. Recovery process should be done by the bank in all such cases. Auditor should also verify that the due date of Packing Credit is decided according to the Sanction Letter. Post Comment.

Notice: It seems you have Javascript disabled in your Browser. In order to submit a comment to this post, please write this code along with your comment: eef6edbc8eedb User Menu. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control To obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances valuate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.

Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. Search can be based on Menu Name or Menu Description. Menu list can be generated and LST list file can be downloaded and converted in to excel as ready reference.

Many banks have zero tolerance norms regarding generation of Exception Report every day in their branches. It generates the list of exceptional financial and non-financial transactions during the given period.

Exceptional transactions such as activities in accounts which are due for review, advance balance greater than the Sanctioned Limit, accounts opened without introducers, system generated commission changed manually etc.

List of transactions between ranges of amounts can also be generated from this menu. High value transactions which suddenly increased the advance or suspicious transactions can be seen and verified from this menu. ConsolidatedDummyLedger 2. NPA Acct Details. Tags: bank auditCA Amresh Vashisht. Name : CA Amresh Vashisht. Member Since : 17 Jun Total Posts how to find indian bank cif number Bank Audits Decoding Housing Loans.

View More Published Posts. Tax planning for Individuals under Income Tax Act. Cancel reply Leave a Comment Your email address will not be published. Latest Posts. Popular Posts. Featured Posts. Newsletter Join our newsletter to stay updated on Taxation and Corporate Law. Useful menu for searching Menus by giving a string value.

Menu for generation of reports regarding impersonal accounts? Through this, Force run the interest application for those accounts where interest is not applied by the system. Maintains history of Non-Financial operations- AFI generates a list of critical transactions which are required to be monitored closely, such as premature closure of an FD to check charges thereon or transactions in accounts having balance below minimum limit.

It shows the current classification and History of the Classification for the account. Various reports over charges, security details and insurance details can be generated. Menu through which details of financial transactions and Intersol transactions can be known.

This is useful to know the position of business growth — sub head wise. This menu can be used for ledger inquiry of loan account. Further Transaction Inquiry can be viewed by clicking on the Transaction Date. The Loan Demand Reminder will be generated.

This menu can be used to generate the loan repayment schedule report. This menu can be used to check the payment history in the loan account.

ICACD menu can be used to inquire customer asset classification details. The menu option is used to generate the loan documents expiry report for the given period. This menu is used to generate the M 27 report based on Sanctioning Authority for a given. Critical Reports through a single menu can to be generated and check all what is genie in a bottle about points and rectify any irregularities, if any.

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The bank has been delivering abundantly convenient services and facilities to its customers in the public banking sector. Having an account in an SBI means enjoying a lot of facilities and services offered by them. Having an account in SBI means, you will access the large number of facilities and services that they offer. One such feature or service is the checking of the status of the transaction with a Reference Number. Transactions status is one of the most innovative ways through which an account holder can see whether or not a single transaction or multiple transactions has been completed or not.

It is often seen that some transactions are interrupted midway, and the account holder cannot understand the complete knowledge about the transactions. These details are crucial sometimes, and often people need to get these details to get the assurance that they have successfully sent the money or received it correctly.

To receive the transaction status of your SBI account, one has to follow specific steps. The steps are listed below. Step 1 : The first step of the process is by visiting the official State Bank of India website, i. All one needs to do is log in to their State Bank of India net banking account using the username and password in the new version of the SBI page. Click on that menu.

A drop-down list will appear, showing a number of options. A page will appear showing a variety of options. Step 3 : After clicking that, two text boxes will appear. Fill these text boxes according to the dates for whose transaction you want the status of. Step 4 : Whenever one does any form of the transaction through internet banking provided by SBI, one receives a reference number for that transaction. All one needs to do is find that reference number from the long list to view its status.

After finding one needs to simply click on it. Step 4 : After clicking on it, a new page will appear, stating all the transaction details, reason, and status. One must keep in mind to do all this is that one needs to have a pre-existing SBI internet banking account. The State Bank of India is one of the finest banks available in India.

The bank is known for the large number of services and facilities it provides. One such facility is the checking of the transaction status for any form of internet banking transaction with a Reference Number. One can do this by following the simple steps stated in this article. Save my name, email, and website in this browser for the next time I comment. News Ticker. Be the first to comment Leave a Reply Cancel reply Your email address will not be published. You may see ads that are less relevant to you.

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