Wednesday, June 20, 2012

TIME-NORMS FOR VARIOUS BANKING TRANSACTIONS


The following time norms etc. are indicative only
•             For Cash Payment
a) Through teller: 3 to 8 minutes
b) Through cashier: 8 to 15 minutes
•             Receipt of cash: 10 to 20 minutes
•             For issuance of dd/fdr: 15 to 25 minutes
•             Payment of demand drafts 10 to 20 minutes
•             Payment of fixed deposit receipt 15 to 20 minutes
•             Opening of an account 20 to 25 minutes
•             Retirement of bills 20 to 30 minutes
•             Updation of pass books 5 to 15 minutes
•             Statement of accounts within 7 days
•             Collection of Cheques:
Local:  1 to 4 days
Outstation: 7 days for National Clearing
10 days in case of State Capitals other than North Eastern States and Sikkim.
14 days for rest of the country.

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