Banking
Neev
(Querist) 12 August 2015
This query is : Resolved
Dear Team,
I'm a banker by profession, I 've wrongly credited Mr.B bank account instead of crediting account of Mr. A, as Mr.A mentioned a wrong account No. On cash deposit slip and Mr.B has withdrawn the same amount and is not traceable now. Please guide what I should do? Is there any law which supports the banker? If no what'sthe pprocedure to settle Mr.A account.
P. Venu
(Expert) 13 August 2015
What is A's explanation for furnishing the wrong account number?
SAINATH DEVALLA
(Expert) 14 August 2015
Actually in this age of computerization,unless the name and the account number tallies the system will not accept,as per my knowledge.Now that a wrong credit has been given,what do U mean by"PROCEDURE TO SETTLE A's ACCOUNT"
T. Kalaiselvan, Advocate
(Expert) 25 August 2015
A mistake is a mistake which has to be rectified. The Person responsible for such wrong act shall be held responsible to make good the loss suffered by innocent victim due to the fault of the banker. There is no legal remedy to escape the liability.
SAINATH DEVALLA
(Expert) 25 August 2015
Nothing more to add as the querist is silent.
Guest
(Expert) 25 August 2015
You may better follow the prescribed instructions of your bank, as issued from time to time. If not accessible, seek guidance from your zonal superiors or else, you should consult some expert on getting your documents examined throroughly.
Guest
(Expert) 28 August 2015
Academic Query
