Ashish Tiwari

Role: Operations Manager at HDFC Bank
Location: Thane, MH, IN
LinkedIn followers: 500 followers

OperationsView LinkedIn profile

Experience

Operations Manager
HDFC Bank
Feb 2023 — Present · Mumbai, IN
UPI (Unified Payments Interface) reconciliation refers to the process of matching and balancing the transactions conducted through the UPI system. UPI is a real-time payment system in India that enables users to make instant money transfers between banks using their smartphones.Reconciliation is essential to ensure the accuracy and integrity of UPI transactions. It involves comparing the data from various sources to identify any discrepancies or inconsistencies. The reconciliation process typically includes the following steps:Data Collection: Gather transaction data from multiple sources, including the UPI platform, banks, payment service providers (PSPs), and other intermediaries involved in the transaction flow.Data Matching: Compare the transaction details from different sources to ensure they align correctly. This includes matching transaction IDs, amounts, dates, and other relevant information.Discrepancy Identification: Identify any discrepancies or inconsistencies between the transaction records. These could include missing transactions, duplicate entries, incorrect amounts, failed transactions, or any other anomalies.Investigation and Resolution: Investigate the identified discrepancies to determine their cause and take necessary actions to resolve them. This may involve contacting the respective banks or PSPs to clarify any discrepancies or errors.Reconciliation Report: Prepare a reconciliation report that summarizes the findings of the process, including the total transaction volume, successful transactions, failed transactions, and any outstanding discrepancies.UPI reconciliation is crucial for maintaining the integrity of the payment system and ensuring that all transactions are accurately recorded and settled. It helps in identifying and resolving any errors, preventing fraud, and maintaining trust among users and stakeholders of the UPI ecosystem.

Education

Mumbai University Mumbai
BCom - Bachelor of Commerce
2008 — 2011

Contact information

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Work email
•••••@hdfc.bank.in
Personal email
•••••@•••••.com
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Current company

HDFC Bank

Banking · 216K employees · Mumbai, Maharashtra, India

HDFC Bank is India's largest private sector bank, offering a comprehensive range of financial products and services to our customer base of over 92 million. Our extensive distribution network of 8,919 branches and 21,031 ATMs across 3,836 cities and towns as of August 2024, reaches every corner of the country, making us accessible to millions. Promoted by Housing Development Finance Corporation (HDFC), India's leading housing finance company, HDFC Bank began operations in 1995 with a simple mission: to be a "World-class Indian Bank". With a single-minded focus on product leadership, customer focus and operational excellence, we have emerged as a leading player in all our business segments. We cater to individuals and businesses, offering a full range of innovative banking solutions including loans, payments, and wealth management. Our business solutions empower companies of all sizes, from MSMEs to large corporations, helping them grow with tailored banking services and financial tools. In 2023, the Bank merged with HDFC Ltd, combining our robust banking services with HDFC Ltd's legacy of leadership in housing finance. This merger enhances our ability to offer home loans and other financial services, ensuring seamless access for customers across urban and rural areas. As a socially responsible corporate citizen, we believe in banking with a purpose. Through our CSR initiative, Parivartan, we actively work to drive positive change across education, healthcare, skills training, and sustainable livelihoods impacting over 10 crore lives across the country. Our commitment to community impact is as strong as our dedication to delivering value to our stakeholders. As we expand, we continue to stay at the forefront of innovation, offering seamless digital banking experiences to enhance the lives of our customers. HDFC Bank prioritises the security of its systems and remains committed to maintaining the confidentiality of its customers' data. As a precaution

hdfc.bank.in

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Experience

Operations Manager

Education

Mumbai University Mumbai

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