Collection of third party account payee cheques - Prohibition on crediting proceeds to third party accounts

Last updated: 02 October 2010

Collection of third party account payee cheques Prohibition on crediting proceeds to third party accounts RBI/2010-11/ 222 DBOD.BP.BC.No.47/ 21.01.001/2010-11 October 1,2010 The Chairmen/Chief Executives of All Scheduled Commercial Banks (excluding RRBs LABs) Dear Sir Collection of third party account payee cheques Prohibition oncrediting proceeds to third party accounts Please refer to our circularDBOD.BP.BC.No.32/21.01.001/2009-10
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