What is cheque scrutiny?

TIGHTER SCRUTINY If the cheque is of a big amount, or it looks suspicious, banks are now required to alert the customer through a phone call and get confirmation from the payer or the recipient. In case of non-home branch cheques, the bank will contact the home branch to confirm the details of the account holder.

What should a bank teller do when a customer presents a cheque with a general crossing?

In general crossing, the cheque bears across its face an addition of two parallel transverse lines and/or the addition of words ‘and Co. ‘ or ‘not negotiable’ between them. In the case of general crossing on the cheque, the paying banker will pay money to any banker.

Are cheque numbers confidential?

The precautionary measures have to ensure that the confidential information — customer name/account number/signature, cheque serial numbers and other related information are neither compromised nor misused either from the bank or from the vendors’ (printers, couriers etc.) side.

Does bank call before clearing cheque?

The Reserve Bank of India (RBI) has asked banks to alert account holders by a phone call and contact the base branch in case of a non-home cheque before clearing a high-value payment.

What happens if a cheque is not cleared?

If cheques are lost in transit or in the clearing process or at the paying bank’s branch under physical instrument delivery clearing, the bank should immediately bring the same to the notice of the presenting customer (beneficiary)’s notice so that the customer can inform the drawer to record stop payment and can also …

Can someone deposit a check not in their name?

No. That will not be possible, unless the person to whom it is marked, “Pay to the order of” has signed the back of the check. If he does that and hands it to you, your bank will require that you, also, sign it on the back, then you may deposit it in you account.

Can a stale check be cashed?

Banks don’t have to accept checks that are more than 6 months (180 days) old. That’s according to the Uniform Commercial Code (UCC), a set of laws governing commercial exchanges, including checks. However, banks can still choose to accept your check.