Reserve Bank of

India
6
Currency Chest
3 Currency Chest
Guwahati Branch 5 2
(Having currency Shillong Branch
4 (Having currency
Chest and account
1 Chest)
with1RBI) 1 1

Lalganesh Bank Branch Bank Branch Bank Branch

Branch (No Currency (No Currency (No Currency
(No Currency Chest) Chest) Chest)

(1) It will be recorded as inter-branch remittance.

Lalganesh Br (Remitting Br) will pass the following entry in its book
Guwahati Br. (Inter-branch) A/c .... Dr
To Cash A/c.. Cr
Guwahati Br (Remitted Br) will pass the following entry in its book
Cash A/c .. Dr
To Lalganesh Br. (Inter-branch) A/c .. Cr

(2) It will be recorded as transaction with Link Office because Shillong Br doesnt have account
with RBI
Shillong branch will pass the following entry in its book
Guwahati Br. (Inter-branch) A/c ...Dr
To Cash A/c. Cr

(3) It will be recorded as transaction with RBI

Guwahati branch will pass the following entry in its book
RBI A/c .......Dr
To Cash A/c......... Cr
((Being amount of Rs.XXXXX deposited to Guwahati Currency Chest)

(4) It is the transmissions of information regarding currency chest transaction vide ICCOM
(secured web site) by Shillong Branch (having currency chest) to Guwahati Branch/Link
Office (having account with RBI).

(5) On receipt of information vide ICCOM by Guwahati Branch/Link Office

Guwahati branch will pass the following entry in its book
RBI A/c ..................................Dr
To Shillong Br. (Inter-branch) A/c ....... Cr
(Being amount of Rs.XXXXX deposited by Shillong Br to Shillong Currency Chest)

(6) It is the transmissions of information regarding currency chest transaction that has
happened during the day in Guwahati and Shillong currency chest vide ICCOM (secured
web site) by Guwahati Br.
RBI will pass the following entry in its book
Guwahati Currency Chest A/c . Dr
Shillong Currency Chest A/c . Dr
To UBI Guwahati Br A/c. Cr

From the above model we can understand that if a branch is having currency chest but no
account with RBI than it has to be dependent on other branch having account with RBI.