Banks will now alert you before clearing heavy amount cheques
By Ankit Sharma
Dec 9, 2014
Print    Email    RSS   

With the intent to control the frauds associated with Cheques the Apex bank has asked the banks to alert the customers through the SMS before clearing the cheque. Before clearing a cheque of heavy amount (Rs 10 lakh or above) the bank will send an alert to the customer through a phone call or SMS and will confirm regarding the clearing of the cheque.

In case of the non home branch ban will make proper check with the home branch will confirm the details of the account holder. Banks also have to send an SMS alert to the payer or the recipient when cheques are received in clearing.

Banks are being asked to give special attention to cheque handling services at the branches. However, Some bankers are not in favour of alerting customers as the process of sending SMSs or calling would require a lot of resources.

(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

5 steps to avoid credit card debt and...
Some New Ways to Save on Your Car...
Make more out of your credit card with...
Travel Credit Cards in India: A Comparison
Prevent your debit and credit card from...

Daawat*Call giℛℒ escort In ZiRaKpUr OOOOOOOOOO...
Good Morning, i forgot my FCMB Account Number and...
Radhey@09646870399 @Escoℛts In#Chandigarh...

91st Founders day of the Karnataka Bank Feb 18, 2015
Banks on strike from 25th February Feb 16, 2015
SBT bank postponed the Open House meet Feb 13, 2015
Yes bank planning to line up for credit card portfolio Feb 12, 2015
Pocket banking – new app by ICICI bank Feb 11, 2015
News Archive