Debit entry omitted by bank in current a/c
ACCOUNTS SECTION URBAN BANK RO
(Querist) 18 March 2021
This query is : Resolved
Sir,
One debit entry for issue of a Demand draft was omitted in a Current A/C,which was restored on a latter date. But at that time the Current A/C was closed.Now whether the A/C holder is liable to pay the amount to the Bank.
Thanks.
Narendra
email:narendraerp@yahoo.com
J K Agrawal
(Expert) 19 March 2021
Closing a account does not close agreement of fidelity between bank and customer. Under contract act also the both parties are always liable for all errors and emissions. The customer as well as the bank is bound to pay as if it was payable when the account was running.
