report analyses the provision of cheque services by Bank of China (Hong Kong) and evaluates the need for providing such a service. Most‚ if not all‚ banks provide this service. Nevertheless the report’s aim is to overlook this tradition and give an insight into whether a bank should really be providing this service. The Bank Wide Operation Department is in charge of the bank’s cheque clearing process. A staff member from this department was interviewed regarding the cheque services. The report reviews
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Internet banking‚ we now have instant cheque clearance. Image based cheque clearing system or Cheque Truncation System (CTS) is a project undertaken by Central banks of many countries such as India (Reserve Bank of India – RBI)‚ UAE (Central bank)‚ Saudi Arabia (Saudi Arabia Monitoring Agency – SAMA) etc. for faster clearing of cheques. CTS promises to bring multiple benefits to customers by substantially reducing the time taken to clear the cheques as well as to the banks by enabling
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Title: A Study on Dishonour of Negotiable Instrument with Special Emphasis on laws of Dishonour of Cheque in India Table of Contents Chapter No. | Chapter Title | Page No. | Chapter 1 | Introduction:-Title General IntroductionStatement of the Problem Objective of the StudyHypothesisesResarch Question Scope and Limitation Research MethodologyTentative ChapterizationReview of Literature | 5-9 | Chapter 2 | Meaning of Negotiable Instrument and Dishonour of Negotiable Instrument | 10-12 |
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Aviles‚ Alexandra A. Mr. Rodriguez Pre AP English 1 17 September 2014 Lawrence Exeter Jr.: A Short Story July 14th‚ 1931. I lie in my deathbed at 10:49 pm‚ thinking. It seems like just yesterday I was only five‚ with my whole life ahead of me. I remember my mother told me stories while I sat on her lap. She would make hot chocolate and I would listen to her talk. My favorite story always started the same way. On September 2nd‚ 1903‚ the day I was born. My mom went into labor a month earlier
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II. Statement of the Problem • State the problems facing the manager/key person The manager Joe of Project Scheduling at Blanque Cheque Construction (B) is facing late competition of his first project due to schedule slipping and unforeseen circumstances and it can be damaging to his career due to serious consequences and other penalties. • Identify and link the symptoms and root causes of the problems. Upon analyzing this case I identify the warning sign of schedule slipping. The manager
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clearinghouse. A representative of each bank represents his bank in the clearinghouse. Each bank has collected cheques as behalf of their customer but these cheques are not drawn on their own bank so in the clearinghouse‚ they hand over these cheques to respective banks on which these cheques are drawn. Similarly each bank receives cheques from other banks if any. INSTRUMENT TO BE PRESENTED: 1. Cheques 2. Demand Drafts 3. Pay Orders TYPES OF CLEARING: There are four types of clearing:- 1. Inward Clearing
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1881. PAYING BANKER * A Banker on whom a cheque is drawn should pay the cheque when it is presented for payment. * This cheque paying function is a distinguished one of a banker. * This obligation has been imposed on him by sec. 31 of the N.I Act‚ 1881. * A banker is bound to honour his customer’s cheque‚ to the extent of the funds available and the existence of no legal bar to payment. * Again‚ for making payment the cheque must be in order and it must be duly presented for
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WHEN CUSTOMER’S SIGNATURE ON CHEQUE IS FORGED 1. When the customer’s signature on the cheque is forged there is no mandate to the bank to pay. As such a banker is not entitled to debit the customer’s account on such forged cheque. In Canara Bank vs. Canara Sales Corporation and Others [(1987)2 Supreme Court Cases 666] the company has a current account with the bank which was operated by the Company’s Managing Director. The Company’s account in whose custody the cheque book was‚ forged the signature
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Project Report on Axis Bank Content 1) Objectives 2) Introduction 3) Retail Branch Operations a) Account Opening b) Fixed Deposits c) Recurring Deposits d) Cash e) Cheque f) Demand Drafts g) Electronic Fund Transfer h) Franking i) E Tax Payments j) Forex Operations 4) Suggestions and Recommendations 5) Conclusion 6) References Objectives The objectives of the project are: 1) To observe the various product and service offering under
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the confirmation of cheque Rs 750000 for clearing which was rejected by me as it was not issued by me. After that I visited branch for the enquiry about the cheque which was not issued by me but branch manager refused to show me any detail. Instead manager asked me to show cheque books to verify whether it was misused from cheque books which I had. But manager didn’t find any cheque series from chequebooks I had. After that manager also ask me about Rs.85000 and Rs.50000 cheque cashed on 20th Nov
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