SWO full form in Banking is Single Window Operators, one of the clerical staff of the banks. This department provides receipts and cash payments and clears and passes cheques & drafts. SWOs are categorized into types: SWOs A and SWOs B.
Eligibilities for SWO role in banks
- The applicant must be a graduate.
- However, there are differences in the minimum percentage age required for graduation, based on which bank one is applying for. For example, the age eligibility is 18 to 28 years in a corporation bank, while for PNB, the age is 20 to 25 years.
Duties of SWO-A in banks
SWOs play a significant role in banks. These include:
- Delivery of the checkbook is subject to authorization by the competent authority.
- Concerns about cash receipts
- Recounting of notes by cash department staff
- Issue of ESI stamps, in which the applicant may become applicable
- Receipt of dividend warrants, cheques, drafts, pay orders, and instruments other than bills.
Duties of SWO-B in banks
- Receipts of issuance and cash of gift cheques/pre-signed drafts/pay orders/traveler’s cheques/ bank orders above 25k.
- Cash payment of all withdrawal forms/cheques/gift cheques/bankers cheques above 20k
- Clearing and transferring vouchers, cheques, etc., above 25k.