student (WORKING) (757 Points)
10 December 2010I'VE RECD A CHEQUE WITH NAME RAKHEE FOR "UTI" BUT MY NAME IN BANK A/C IS "RAKHI" .
WHETHER THE BANK WILL CLEAR THIS CHEQUE SINCE SPELLING IS NOT MATCHING.
WHETHER THERE R SEPARATE GUIDELINES FOR CORE BANKING BRANCES & OTHER BRANCHES?
I'VE FACED THE SAME PROBLEM IN ONE OF THE CASE WHERE I RECD CHEQUE OF "RAMA DEVI" & IT WASN'T CLEARED IN MY BANK(PNB-CBB) A/C WHERE I HAVE SPECIFIED MY NAME AS "RAMA" SO HOW THE BANK WORK FOR THIS?
CA PARAS BAFNA
(Practising CA )
(33428 Points)
Replied 10 December 2010
Please ask at the branch where you are having an account. Generally they will not return the cheque if they allow you to deposit such cheques.
CAclubindia
