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Can a bank refuse to accept amount for deposit?

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 September 2013 state bank of India refused to accept amount for deposit of out of state account of the same bank. Is it possible for bank to refuse amount?

The Amount was 15000/-

Is there any guidelines of RBI for such refusal?

28 September 2013 You should first enquire their reason of not accepting it.


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