DD and PO Synopsis - full details. 5. Payment of the Demand...

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Issuance and payment of demand drafts and pay orders: Synopsis: 1. Issuance of DD/ PO after obtaining the application form duly filled in and receiving the amount from the client. 2. Printing of DD / PO in the system. 3. Maintenance of daily transactions in the account and connecting to the day book and the day end process and to the general ledger balances. 4. Maintenance of Demand draft / Pay orders issue register in the system with
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Unformatted text preview: full details. 5. Payment of the Demand draft / Pay order presented to the Bank. 6. Monthly jottings of the outstanding pay orders and balancing with the GL head. 7. Noting stop payment of DD / PO as per the request of the client and issuance of duplicate PO / DD. 8. Revalidation of stale drafts and pay orders....
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