Remittances. Cheque Drop Box should be designed and operated in a manner that nobody other than the authorized person is able to take out cheques from the drop box. However, these will be kept in the branches for returning to the customer over the counter if he/she makes a request for the same. Since our Bank has rolled over to 100% CBS, we shall provide the Speed Clearing Service at the identified centres where we have our presence. How to Check Issued Cheque Status of UCO Bank by Mobile SMS? This collection policy of the Bank is a reflection of our on-going efforts to provide better service to our customers and set higher standards for performance. UCO bank offers its customers a facility to give a missed call on a phone number to know the balance of the account. Branches shall give wide publicity to the Cheque Collection Policy (CCP) by prominently displaying salient features thereof in bold and visible letters on the notice board at their branches. 4.2 Delay in re-presentation of technically returned cheques and levy of charges for such return. 2.6. The policy is based on principles of transparency and fairness in the treatment of customers. If a cheque is dishonoured for a third time on a particular account of the drawer during the financial year, branch shall issue a cautionary advice/letter to the constituent concerned drawing his/her attention to aforesaid condition and consequential stoppage of cheque facility in the event of cheque being dishonoured on fourth occasion for cheque of Rs. A person can check the loan status by calling the numbers 1800 274 0123 for any financial queries including Personal Loan. a) All CTS Compliant cheques and other Negotiable Instruments payable locally would be presented through the clearing system prevailing at the centre. With a view to mitigate the difficulties faced by the members of co-operative credit societies in collection of account payee cheques, it is further clarified that collecting banks may consider collecting account payee cheques drawn for an amount not exceeding Rs.50,000/- to the account of their customers who are co-operative credit societies, if the payees of such cheques are the constituents of such co-operative credit societies. Cheque Drop Boxes to be always kept locked. It should have been opened at least 6 months earlier and complying with KYC norms. The illustrative, but not exhaustive, list of returns, where the customers are not at fault are indicated in Annexure. Bank has started fund transfer through IMPS for eBanking (retail) users.The facility enables immediate fund transfer (24*7) to any bank.Online FD Creation facility is now available in UCO eBanking. The account holder must arrange to obtain a duplicate cheque/instrument within a maximum period of 14 days on receiving intimation from the Bank in respect of a cheque or an instrument lost in transit after it is discounted by the Bank. How to clear eustachian tube blockage naturally, How to calculate Fixed Deposit(FD) interest. Data in respect of cheques drawn in favour of stock exchanges and dishonoured should be consolidated separately by branch irrespective of the value of such cheques as a part of their MIS relating to broker entities, and be reported to their respective zonal office on a monthly basis. I mean to say that you have a bank account in UCO Bank. Examination under UV lamp for all cheques beyond Rs. payee / holder of a dishonoured cheque) in any proceeding relating to dishonoured cheque before a court, consumer forum or any other competent authority, bank shall extend full cooperation, and furnish him/her documentary proof of fact of dishonor of cheques. Some remedial action has to be taken during such contingencies to minimise, as far as possible, the inconvenience and hardship to the constituents as also to maintain good customer service. Get complimentary Air Accident Liability Cover of Rs. A flat service charge of Rs.50/- per instrument shall be levied for extending immediate credit (up to a maximum amount of Rs. Today I will tell you how you can deposit a cheque in UCO Bank. Once you have registered yourself for m-banking, you can simply download the application and log in to your account to check the status of your active personal loan. For Cheque Status Enquiry type as CHQST and send to 56161. How to Check UCO Bank Account Balance. If proceeds were credited to an overdraft/loan account, interest shall be recovered at the rate of 2% p.a. undertakings tendered for collection by individual account holders subject to satisfactory conduct of such accounts for a period not less than 6 months. If any question arises regarding the application and / or interpretation of the policy / directives, a reference shall be made to the MD & CEO /Executive Director for clarification and the referred matter will be dealt with in accordance with his decision. The bank shall not be liable to compensate customers for delayed credit if some unforeseen event (including but not limited to civil commotion, sabotage, lockout, strike or other labour disturbances, accident, fires, natural disasters or other “Acts of God”, war, damage to the bank’s facilities or of its correspondent bank(s), absence of the usual means of communication or transportation, etc.) In case of a delay in credit of proceeds of an instrument sent for collection to some other bank, and if any part of delay is attributable to the paying bank, the customer will be compensated by us and sharing of compensation with paying bank will be settled by us with them ( IBA’s communication No. In case, intimation regarding loss of instrument is conveyed to the customer after the time limit stipulated for collection, interest will be paid for the period exceeding the stipulated collection period at the rates specified above. In the event the proceeds of cheque under collection is to be credited to an overdraft/loan account of the customer, the bank would consider value-dating the proceeds keeping normal period required for collection in mind. Karnataka Bank is one of the largest private sector banks in the country. Conclusion. In addition, bank will pay interest on the amount of the cheque for a further period of 15 days at Savings Bank rate to provide for likely further delay in obtaining duplicate cheque/instrument and collection thereof. As part of the compensation policy of the bank, the bank will pay interest to its customer on the amount of collection instruments in case there is delay in giving credit beyond the time period mentioned above. Provide a booklet of cheques to serve this purpose card Fraud Liability of... India at centres where such collection services to its customers a facility give. 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