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ILLITERATE CUSTOMER RIGHT ON BANKING SERVICE

990 views 2 replies

Chiranjit Choudhury

0 Points Joined April 2021

Madam/Dear sir,
If one illiterate customer bearing Non Cheque facility account in any PSU/ Pvt bank, he/She has the rights to enjoy the fund transfer facility to another account (Supposed amount is above than 1 lac)?
If yes than what is the way to benefit this facility.

Replies (2)

CA. Sourav Sarkar

Chartered Accountant

24588 Points Joined November 2019

The person have to appear in front of bank manager for authentication of account and have to follow such rules as prescribed.

Or there is a other way that is.

There is real time transfer of funds to the beneficiary account. The remitter need not use a physical cheque or a demand draft. The beneficiary need not visit a bank branch for depositing the paper instruments.