Cash remittance to other branch SB/CA/CCL/OD accounts by the customer can be credited through ABB with a maximum amount of Rs.2,00,000/- per day per account.
Cash Cheque presented by the customer of other Branch account can be paid through ABB subject to following condition
Maximum amount of Rs.50000/- can be paid through cash mode to account holder only
Cash Withdrawal through Withdrawal slip / Loose Leaves are not to be allowed in ABB transactions.
In case of current account, Cash payment may be allowed provided the party is an individual or a proprietaryship concern. Necessary ID proof to be taken.
Bearer cheque should not be paid through ABB
The Account Holder must personally be present for doing the Transactions.
Inter Branch Standing instructions can be effected for operative accounts like SB, CA and Loan Accounts.
Standing Instruction should be given at the base / originating branch only. (For Ex. Standing instructions for RD Accounts in One Branch can be effected from SB account of another Branch)
Pass Book is Compulsory for ABB Transactions.
TERM DEPOSITS : (FD/RD)
Interest on deposits can be transferred from originating branch to any other branch account i.e. SB/CA/CCL/OD.
Closure and Opening of Deposit should be done at originating branch only & the proceeds of the deposits can be transferred to any other branch SB/CA/CCL/OD of the same customer.
Cash remittance of RD Installment can be made from other branch to the originating Branch.
