Can a different bank Cheque be deposited at another bank?

Can a different bank Cheque be deposited at another bank?

There is no problem in moving funds from your account in one bank to your account in another bank as well as from your account to another person’s account. You can deposit a cheque (even of your own account) in any bank to any other account(even to your own account) in any other bank.

Is there any charges for cheque deposit?

RBI does not allow banks to charge more than ₹150 per cheque for speed clearing of cheques worth over ₹1 lakh; there are no charges for values up to ₹1 lakh. Keep in mind that you will also have to pay a fee of ₹100-150 if your cheque bounces, whether you are the issuer or the depositor.

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Can I deposit cheque in any branch of bank of India?

Outward Clearing In all Speed Clearing Centres, our branches would accept cheques drawn on Upcountry CBS branches of other Banks, alongwith local cheques deposited by customers and present them in local clearing. Service Charges as stipulated by RBI are levied.

Can I deposit money at a different bank?

If you belong to a regional or national bank, you can make a deposit at any branch. If you are part of a credit union, you can make a deposit at your home credit union or another branch if your credit union is part of a larger network.

What are the different types of cheques in India?

What are the types of cheques in India?

  • Bearer Cheque. A bearer cheque is the type of cheque that allows the person bearing or carrying the cheque to the bank to receive the payment specified on the cheque.
  • Order cheque.
  • Crossed cheque.
  • Open cheque.
  • Post-dated cheque.
  • Stale cheque.
  • Traveller’s cheque.
  • Self cheque.
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How much does bank cheque cost?

Request made at an ANZ branch: $10.00. Request made through ANZ Internet Banking for personal accounts: $7.50. Request made through Internet Banking for business accounts: $5.00.

Can we deposit cheque at any branch?

Banker’s cheques are issued only for the clearing area of the respective bank. It can be cleared in any branch of the same bank and city as it comes under the local jurisdiction.

Can I deposit money at a different bank in India?

Generally, no, you cannot. You can deposit cash in your bank account only through your bank’s CDM. But of course you can deposit cash at a CDM in one branch of the bank if you have an account in another branch of the same bank.

Can I deposit money from other branch of same bank?

And the banking facilities available to customers at branches other than the home branch are called non-home branches. If any cash transaction, such as deposit or withdrawal, is done at a non-home branch, a fee is levied. This fee varies across banks.