Table of Contents
- 1 Can we deposit outstation cheque?
- 2 Is there any charges for cheque deposit?
- 3 How many days it will take to clear outstation cheque?
- 4 Can I deposit money other than home branch?
- 5 How much does bank cheque cost?
- 6 What is the meaning of outstation cheque?
- 7 Can a cheque be collected through clearing centre at Mumbai?
Can we deposit outstation cheque?
Branches, which are connected through a centralized processing arrangement and are offering anywhere banking services to its customer will provide same day credit to its customers in respect of outstation instruments drawn on any of its branches in the Core Banking Solution network if received in the branch up to …
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.
What is the cheque bounce charges of SBI?
Cheque returned charges for Cheques drawn on SBI (for technical reasons) for all segments when the customer is at fault. 2. 3. Cheque issued by the customer –₹350/- (for one cheque return per month); ₹750/- per return in the same month for financial reasons.
What does outstation cheque mean?
a cheque from a bank account in one place that is exchanged for money in another city, state, etc.
How many days it will take to clear outstation cheque?
It takes a long time to get the outstation cheque to clear. In fact, to be precise it takes around 3-weeks for such types of cheques to clear. So, if you are residing in another state, and have to receive funds from another state, it is advised not to take such cheques, unless they are payable at par across the cities.
Can I deposit money other than home branch?
So, basically, a home branch is a branch where the customer’s account is maintained. 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.
How much amount can be deposited in non home branch of SBI?
Rs 2 lakh per day is the maximum limit for the deposit of cash at the SBI non-home branch.
What is an outstation cheque?
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.
What is the meaning of outstation cheque?
The outstation cheque is one which is payable not through local clearing house. In earlier days such outstation cheques were required to be send by registered post or courier to the other bank’ branch on which was drawn for payment or to nearby own Bank’s branch for collection.
Can a cheque be taken out of the same bank account?
However, now a days due to fully computerised banking network the branch is able to debit the account of the drawer of the cheque if it is drawn on same bank. If it is drawn on different Bank’s branch in out station it can be send though clearing and get the credit. Only the cheque should be MICR.
How long does it take for a bank to clear a cheque?
So, such banks which don’t have clearing houses what they do is they send the recieved cheque to the nearest bank branch (of their own) for clearing on their behalf. So, this whole process may take 2 days.
Can a cheque be collected through clearing centre at Mumbai?
Now the cheque cannot be collected through clearing centre at Mumbai. They used to send the cheque to collection centre at New Delhi for clearance and it will take five to six days for clearance. The cheque drawn on New Delhi is called as outstation cheque