ACCOUNTS AND FINANCE
| No.CTN/FIN/90-91 |
Date:
4-5-1991
|
CIRCULAR NO.27
Zonal Managers
(All)
Zonal Accounts Officers (All)
Sub-Zonal Managers (All)
Accounts Officers (Bombay)
Sales Offices, (All)
(Coimbatore, Bangalore, Calcutta, Ahmedabad & Solapur)
SUB.:- Cheque Collection Charges.
With effect from 1st May 1991, the following shall be the Cheque collection charges. These charges should be included in the amount of cheque and the party tendering cheques should be immediately given the debit note of the Bank Collection Charges at these standard rates as soon as you receive the cheque.
|
Sr.No.
|
Category of Cheque | Rate per Rs.100/- or part thereof on the amount of cheque. |
|
1
|
Cheques which are drawn on Bombay Branch of the bank and also tendered at Bombay. |
No
Charge
|
|
2
|
a) Cheques which are drawn on Bombay branch of the Bank but are tendered at outside Bombay |
Rs.0.60
paise
|
|
AND
|
||
| b)Cheques which are not drawn on Bombay branch of the Bank but are tendered at Bombay. |
Rs.0.60
paise
|
|
|
3
|
Cheques drawn on any branch of the Bank outside Bombay and are also tendered outside Bombay. |
Rs.1.25
paise
|
|
4
|
Cheques tendered at zones, sales offices on local branch of Bank collect charges for purchasing draft at. |
Rs.2.50
paise per thousand
|
|
5.
|
Demand Draft, pay slips drawn on Bombay, but tendered at zone, sub-zone, sales office. |
No
Charge.
|
You are also aware that all of our buyers are not granted cheque facility. In case the buyer has been granted cheque facility you should collect cheque collection charges and can also give delivery on the basis of cheque received.
