Banking procedures?

Question

Please inform whether it is mandatory to write depositor's name telephone no and also sign the deposit slip while depositing cash in any account when other details such as title and number of the account and denomination details have been filled in. According to Bank it is compulsory as per Banking Rules. Pl. clarify.

 

Answer 1

Hi Surendra

The same is prescribed in the best interest of the account holder and the depositor.  In exceptional cases, if the account details are inadvertently go wrong, this information would assist the banks to get back to their customer / depositor to cross check and ascertain the correctness.  This is a prescription of prudence and should not be taken as an offence.

RAJA