The CTS inward clearing is a time bound process, which
needs to be completed before 3.00 p.m. approx. in the afternoon. It is
monitored by NPCI, a Government body.
A newly appointed Probationary Officer reported at one of
the Clearing house of a top ranking Indian Public sector bank in Pune,
Maharashtra, and the sub-staff asked him during his first interaction, “What
did you do?” This PO was shocked. He replied, “Nothing. Why?” The sub-staff
enquired, “Then why did you get posted here? This is a punishment branch!”
The Indian public sector banks have successfully
maintained certain branches as punishment branches, for their staff. This
particular clearing house is actually a place where newly appointed PO’s are
sent to work hard for the comfort of the old senior officers. These PO’s take
all the risk involved in passing the cheques of their bank presented by the
other banks in inward clearing. While the seniors pass the time pretending to
work.
The roles of the newly appointed Probationary Officers
are modified by manipulating the system. A scale – I Probationary Officer is
assigned the role of a Chief Manager (The role of a Branch Manager), to enable
him to pass the high value cheques i.e. cheques with a value of Rs 2,00,000/-
and above. The Scale – II officers in this branch do not login as Senior
Managers to take care of the high value cheques. Thus the Probationary Officers have to take
the risk for the comfort of their seniors. They pass cheques upto Rs 25,00,000/-.
The Probationary Officers working in the branches are empowered to transfer
amount of Rs 1,00,000/- pay cash upto Rs 50,000/- but in CTS Clearing they are
told that the limit is Rs 25,00,000/- for which they have no circular. It is
really an exploitation of the new officers because they are not aware of their
rights and duties.
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