Legal Question in Banking Law in India
for what purpose account holder name,phone no and sign on back side of the self cheque leaf for withdrawal of 16000.00
Asked on 7/02/15, 11:15 pm
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
03.07.2015
Dear Sir / Madam,
It is not the account holder's name (since it already appears on the face of the cheque). Since it is a self cheque, the Bank needs a record of the person who has actually withdrawn the cash from the A/c and hence this practice. The Bank is also entitled to ask the person's photo ID prior to paying the cash.
Regards,
Answered on 7/03/15, 12:10 am
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