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Devidaskshetty   16 September 2017

Banking

Can a bank clear cheques of high value cheques above 5 Lac without alerting the account holders?


Learning

 6 Replies


(Guest)

Why do you feel the need for alert when issued cheque and no instruction issued for bank? 

Kumar Doab (FIN)     16 September 2017

Originally posted by : JIGYASU: Cool Critic
Why do you feel the need for alert when issued cheque and no instruction issued for bank? 

Instead of saracastic and bossy question to querist the clear reply could have been posted that ; I don't know.

Kumar Doab (FIN)     16 September 2017

Originally posted by : Devidaskshetty
Can a bank clear cheques of high value cheques above 5 Lac without alerting the account holders?

 

 

You may go thru:

https://www.rbi.org.in/scriptts/BS_CircularIndexDisplay.aspx?Id=9322

 

https://www.npci.org.in/pdf/RBI-Circular-Cheque-Related-Fraud-Preventive-Measures.pdf

 

 

 

 

Kumar Doab (FIN)     16 September 2017

Go thru:

VII;Sending an SMS alert to payer/drawer when cheques are received in clearing.

 

and also check at your concerned Bank's website.

Or demand printed version from BM (without) any cost to you.

Devidaskshetty   17 September 2017

Thank you Mr. Kumar Doab for your valuable response.

Devidaskshetty   17 September 2017

Thank you Mr. Kumar Doab for your valuable response.

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