Opening of account with account payee cheque.
Querist : Anonymous
If a prospective customer(beneficiary),visits bank premises supposedly on 16.10.12 with a cheque in his possession dated 01.8.2012 and wish to open his account for encashment of cheque. Can a banker open the account with such a cheque ? What are the risks associated with it and what protection a banker will get under law if some fraud happens. ?
Kindly guide me.
With regards
Querist : Anonymous
I'm not asking what bank does normally in such cases ?
I am just asking about what should be done in such cases as per the book of Indian law with documentary proof.
It is really important and urgent too.
thank you.
akash deep
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