Banker's Cheque:
A Banker's Cheque is a cheque issued by the Bank payable to the order of specified payee for payment within a local area. Any variations of rate will be decided by Credit Committee on Remittances products.
-> Features and Benefits:
*. All Banker's Cheques are pre-printed with the crossing "NOT NEGOTIABLE".
*. To be issued for use only within the clearing area of the issuing Bank and if cleared outside the clearing area then the normal outstation cheque commission is payable.
*. Should be accepted as good by the payee asit has been paid for by the customer at time of issue. It cannot be returned except for technical reasons.
*. To be used by customers who do not have a current account but wish to make payments by cheques, or in situations when apersonal cheque is unacceptable.
A Banker's Cheque is a cheque issued by the Bank payable to the order of specified payee for payment within a local area. Any variations of rate will be decided by Credit Committee on Remittances products.
-> Features and Benefits:
*. All Banker's Cheques are pre-printed with the crossing "NOT NEGOTIABLE".
*. To be issued for use only within the clearing area of the issuing Bank and if cleared outside the clearing area then the normal outstation cheque commission is payable.
*. Should be accepted as good by the payee asit has been paid for by the customer at time of issue. It cannot be returned except for technical reasons.
*. To be used by customers who do not have a current account but wish to make payments by cheques, or in situations when apersonal cheque is unacceptable.
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