JAIIB PPB 2025: Operational Aspects of Deposits & Clearing – Chapter 5 & 6 Explained!

Ever wondered how banks manage deposits, clear checks, and prevent fraud? 🤔

If you’re preparing for JAIIB 2025, understanding the operational aspects of deposits, account statements, and the check clearing system (CTS) is crucial for scoring high.

In this 12th session, we wrap up Chapter 5 and dive into Chapter 6, covering:

• ✅ Operational aspects of deposit accounts
• ✅ Bank passbooks, account statements & customer service
• ✅ Check Truncation System (CTS) & clearing process
• ✅ Regulations on check handling, payment, and fraud prevention

📌 Who should watch?

• 📖 JAIIB aspirants looking for a structured breakdown
• 🏦 Banking professionals seeking to refresh their concepts
• 💡 Anyone curious about how banks operate behind the scenes

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📖 Understanding Operational Aspects of Deposits & Clearing

📌 Statement of Accounts & Passbook Management (00:01:13)

• 🔹 Banks must provide passbooks for savings accounts – it’s a mandatory facility.
• 🔹 Monthly account statements should be sent without additional charges.
• 🔹 Passbook entries should be clear, computer-printed, and legible.
• 🔹 Precautions to prevent fraud:
  • – No passbook issuance without a token ID or unique identification.
  • – Encourage self-service passbook updating machines with barcode scanning.

Mandate vs Power of Attorney – JAIIB PPB Module A Chapter 7 Part 1

📌 Understanding Checks & Their Parties (00:04:47)

• 🔹 A check is a negotiable instrument (as per Section 6 of the NI Act).
• 🔹 Three key parties in a check transaction:
  • 1️⃣ Drawer – The person who writes the check.
  • 2️⃣ Drawee – The bank responsible for payment.
  • 3️⃣ Payee – The recipient of the money.
• ✅ Checks must be correctly filled with:
  • – A valid date (English or regional calendar accepted).
  • – Correct figures & words (if different, words prevail).
  • – Authentic signatures & stamping.

📌 Understanding Check Clearing & Check Truncation System (CTS) (00:13:24)

🔹 What is CTS?

The Check Truncation System (CTS) was introduced by RBI in 2008 to eliminate the physical movement of checks in clearing.

📌 How does CTS work?

1. 1️⃣ Customer submits check to the bank.
2. 2️⃣ Presenting Bank scans & sends an electronic image to the Clearing House.
3. 3️⃣ Clearing House calculates net settlements & sends data to the Paying Bank.
4. 4️⃣ Paying Bank verifies the check & approves or rejects payment.
5. 5️⃣ Final settlement occurs via RBI’s clearing process.

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✅ JAIIB Principles & Practices of Banking Notes
✅ CTS, Clearing Process & Operational Banking Guidelines
✅ Check Handling, Stop Payments, and Positive Pay System (PPS)

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📌 Conclusion

👏 Congrats! You’ve just mastered another important JAIIB topic!

Here’s a quick recap:

• ✅ Operational Aspects of Deposits & Passbooks – Mandatory for savings accounts.
• ✅ Check Handling & CTS – Ensures fast & secure check clearance.
• ✅ Stop Payments & Fraud Prevention – Key to customer protection.
• ✅ Positive Pay System – A new fraud prevention tool for high-value transactions.

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