1) Treasury & Cash Management
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FD for NDC – Event Based
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Execute/renew Fixed Deposits (FD) as required for NDC; maintain documentation and accounting entries.
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Coordinate with banks; track maturity, lien, and interest accounting.
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NDC Funding – T+3
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Ensure funding requests are processed within T+3; maintain supporting schedules and approvals.
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Fund Movement – Ongoing
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Initiate and monitor fund movement from Collection A/c to Escrow per daily inflows/outflows and compliance thresholds.
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Maintain maker–checker controls and audit trail.
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Prefunding Requirement – Daily Monitoring
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Track prefunding levels and trigger top-ups to avoid transaction failures; maintain daily MIS.
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All Bank Account Monitoring – Ongoing
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Monitor balances, holds, charges, interest, and unusual activity across collection, escrow, NDC, and FD-linked accounts.
2) Accounting & Reconciliations
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Bank Reconciliation – Daily
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Perform daily bank reconciliations for all PPI-linked accounts; clear open items, investigate variances, and pass rectification entries.
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Accounting in SAP – Ongoing
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Post daily journals, accruals, reversals, inter-account transfers, and settlement entries in SAP.
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Maintain GL hygiene, proper cost center tagging, and monthly close schedules.
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Income Booking & Payment Upload – Ongoing
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Book interchange/fee income, process payment uploads, and ensure correct TDS/GST implications.
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Coordinate with Ops for settlement files; validate and post entries.
3) Invoicing & GST Compliance
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Bill of Supply – Ongoing
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Prepare and issue Bill of Supply/invoice for eligible PPI services; ensure proper tax positions.
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Interchange Income GST Validation & Invoicing – Monthly
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Validate monthly interchange income, apply correct GST rate & place-of-supply, and issue invoices.
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Reconcile with gateway/acquirer statements; manage credit notes, amendments, and GSTR linkages.
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GST Filing – Monthly
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Prepare workings (B2B/B2C, RCM if any), reconcile with books, and support timely GSTR filings with proofs and trail.
4) Regulatory & Compliance
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RBI Quarterly Escrow Certificate – Quarterly
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Prepare workings and documentation for RBI-mandated Escrow certificate; coordinate with bank/auditor for issuance.
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Maintain evidence of compliance with PPI guidelines (utilization, settlement timelines, permitted debits/credits).
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Assist in preparation of Net Worth Certificate.
5) Controls, Audit & MIS
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Maintain maker–checker controls across fund movements and postings.
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Prepare daily/weekly/monthly MIS on balances, prefunding, recon breaks, invoice status, and compliance calendars.
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Support internal/external audits, respond to queries with schedules and evidence.
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Drive process improvements (automation of reconciliations, templates in SAP, standard SOPs).
