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Important Information Regarding Bank Cheque Transactions
Important Information Regarding Bank Cheque Transactions Nepal Rastra Bank has issued important guidelines regarding the use of financial instruments such as cheques, bills, and pay orders for transactions and account deposits. The rules emphasize that the full amount stated in such financial instruments must be deposited into the customer's account. If there are any charges associated with the use of financial instruments, banks and financial institutions must inform the customers in advance before deducting any amount from their accounts. Furthermore, if any individual, firm, company, or institution deposits a cheque into their account and there is insufficient balance in the issuing account, no charges or amounts can be deducted from the customer's account under any circumstances. This provision has been implemented to ensure the financial security of customers. For more information, you can visit the Nepal Rastra Bank's website or contact the nearest branch. Source: Nepal Rastra Bank
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·24 Dec, 2024
