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Bank auditing

19 July 2021

I wanted to know that was when, why the inspection charges are debited and which loan account are debited this charges ?How do I audit?kindly tell me.

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4 Replies

prasad Nilugal (3909 Points)
Replied 19 July 2021

Inspection changes are applicable on inspection of shot term / Long term loan account by the Bank itself or Outsource as per provisions .I think Charges are applicable as per the guidelines of Reserve Bank of Bank of India . you have to confirm .

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 19 July 2021

Inspection charges are fixed by RBI as per norms which are deducted by banks on every loan accounts and debited from their accounts. You should verify such charges by asking the bank manager and by checking the banks loan documentation papers and loan directives, guidelines