Wednesday, August 10, 2011

Payable at par-a Current Account instrument payable to bearer means? Are there any limits for payment.?

I have received a current account cheque for Rs.5000/- drawn on my name issued by a company, payable at par at all branches of ICICI Bank Limited in India. After waiting for 1Hr 25min for my turn for service selected token number, I was denied cash payment, because, the cash cannot be paid for the cheque of other branch, but can be credited to my account. I don't have account in the branch to transfer the amount. I have lost all my planning for weekend. Is it fair on the part of the Bank?

No comments:

Post a Comment