Cheque Collection Policies

Collection Service

Immediate credit of local as well as outstation cheques upto Rs. 5,000/- (Rs. Five thousand only), as per guidelines issued from time to time, is provided to the individuals (personal customers)who are maintaining satisfactorily conducted accounts. However, the customers will have to bear usual service charges as well as the postal charges. In the event of cheques being returned unpaid, the customer will have to pay interest for the period for which funds are utilised. All cheques (local and outstation) deposited by the customers are cleared by the bank as follows:

Local Clearing:

Cheques are cleared normally on the third working day, depending on the centre subject to depositing of the cheques/instruments in time.