The charges notified will be all inclusive and no additional charges such as courier charges, out of pocket expenses, etc, will be recovered from the customer.Ī. Iii. The Bank will debit the customer’s account with applicable service charges, as per the tariff schedule notified by the Bank from time to time.
#Handover chequebook full#
Ii. In cases wherein the cheques contain incomplete address of the drawee bank’s branch, the COCPC cluster / branch will obtain the full postal address and then after receipt of the same will send it by registered post to the drawee bank. I. The OBC cheques will be sent for collection to the postal address of the drawee bank within a day of receiving of the cheques by the branches /COCPC clusters through registered post /courier
Where the Bank does not have a branch of its own, the instrument will be directly sent for collection to the branch of a drawee bank or collected through a correspondent bank / a bank where a collection arrangement exists, if any.Ĭheques drawn on the Bank’s own branches covered under CBS network at outstation centers will provide same day credit to its customers. The Bank will not decline to accept outstation cheques deposited by its customers for collection.Ĭheques drawn on other banks at outstation centers will normally be collected through our Bank’s branches at those centers. Iii. The cut-off timings will be displayed at branches/ATM for the benefit of each customer. Ii. The cut-off time for sending cheques for collection will be worked out for each location/branch based on the cut-off time afforded by the clearing house at each location. Alternatively, cheques can be deposited at ATM centers in the drop-box, CDMs, round the clock. I. Cheque will be accepted during business hours of the Bank’s branch.
The timings for the acceptance of cheques will be as follows: Reserve Bank of India has discontinued Non-CTS clearing with effect from 1st January 2019. Reserve Bank of India will continue to issue directions to include clearing of additional cities to the three grid locations. The clearing of various cities has been linked to the CTS grid at these three locations. Withdrawal of amounts so credited, will be permitted only after the cheque-return process is completed.īank branches, situated at centers where no clearing house exists, will present local cheques on branches of the drawee banks across the counter and it will be the Bank’s endeavor to credit the proceeds at the earliest.ĬTS grids has been implemented at three locations Delhi, Chennai and Mumbai. This will enable the branches to reply to the customers query for late clearance of their cheques. NPCI circular, indicating the name of the banks taking concession for returning their unpaid cheques, be forwarded to all the branches and also to COCPCs. In case of Banks, who have obtained extension for their Inward cheque process, then the clearance of the cheques of such Banks, will be granted on next working day, after the cheque-return process is completed for that day. The Bank will give credit to the customer’s account on the same day, on which the clearing settlement takes place. All CTS compliant cheques and other negotiable instruments payable under a grid system will be presented through the clearing system prevailing at the center.Ĭheques deposited at branch counters and in collection boxes within the branch premises before the specified cut-off time will be presented for clearing on the same day.Ĭheques deposited after the cut-off time and in collection boxes outside the branch premises including off-site ATM will be presented in the next clearing cycle.
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