Near-real-time audit
of a bank branch's transactions
Concurrent Audit
Quick Reference for Your Business
Ongoing Transaction Audit — everything you need to know about Concurrent Audit.
01
What It Is
Conducted continuously
(monthly/ongoing), not once a year
Catches errors
and irregularities as they happen
Required for
large / sensitive branches per RBI guidelines
02
What It Covers
| Area | Checks |
|---|---|
| Advances & disbursements | Sanction terms, documentation, end-use |
| KYC / AML | Compliance with norms |
| Income & expenses | Interest, charges, leakage |
| High-value transactions | Verification and reporting |
Note: Concurrent audit is prevention, not post-mortem. By checking transactions as they occur, it stops errors and irregularities before they grow — which is why RBI mandates it for high-risk and high-volume branches. Reports go to the branch and management regularly.
03
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