Cheque Collection Policy

Cheque Collection Policy refers to the policy followed by a bank in respect of
various local and outstation cheques and instruments deposited with the bank for credit to an account. The policy inter alia deals with  

• Cheque purchase requests
• Time frame for credit of cheques
• Payment of interest in case of delay in collection of cheques
• Instant credit of local and outstation cheques
• Cheque instruments lost in transit