13. Operations in the account
Withdrawals from Current /Cash credit would be by Cheque leaves supplied
by the bank only. First time issue of the cheque book will be on submission
of a request letter to the bank, also agreeing to maintain the minimum
balance in the account and for penal charges in case of non maintenance
of minimum balance. Reissues of the cheque book will be against the
presentation of requisition slip provided in the cheque book, which will be
presented to the bank duly signed.
If the requisition slip is not from a current cheque book or to be handed over
to a third party, and the bank has any reason on the genuineness of the
application, then the cheque book will be sent to customer’s
recorded address by registered post at customer’s expense.
At the time of receiving the cheque book from the bank, the account holder
should count the cheque leaves therein and draw attention of the bank if
any cheque leaves are missing from the book.
When an uncrossed cheque is presented for cash payment at the counters
of the bank, it should be signed by the presentor on the reverse of the
cheque. The payment cashier will ask for another signature to be made by
the presentor at the time of receiving cash.
14. The Bank will register request from the drawer regarding cheque lost,
stolen etc., but cannot guarantee depositors against loss in such cases, in
the event of a cheque being paid. Stop payment will be done with a charge
of 150/- per cheque with a maximumof Rs 1000/-.
15. In terms of section 45 Z of the Banking Regulation act 1949, banks may
return a paid instrument after obtaining a true copy thereof, by mechanical
or other process at the cost of the customer. Account holders who want to
avail this facility must execute an indemnity in a standard format prescribed
by the bank.
16. Where any cheque drawn on the account is returned for want of funds
charges prevailing on the date of such return will be levied for every
cheque so returned. If such returns exceeds three times , steps will be taken
to close the account with due notice to the account holder.
17. An account holder may deposit money as often they wish. Minimum
cash to be deposited in the account is Rs.25/- in case of rural branches and
Rs.50/- in other branches. However for cash deposited for more than
Rs.50000/- customer should write down the PAN number in the deposit slip.
If no PAN number is allotted to the account holder then he should furnish
Form 60 Cash and cheques to be deposited should be handed over at the
respective counters and no individual outside the counters have any
authority to receive them.Customers can avail the drop box facility to