1.
Branches are authorized to issue duplicate term deposit receipt in lieu of
original lost.
2.
Duplicate Term Deposit Receipt should not be issued merely on demand by the
depositor.
3. A
letter should be obtained from depositor advising the branch about loss of term
deposit receipt and requesting for issuing a duplicate thereof. In case of
joint account, the letter should be signed by all joint depositors irrespective
of special instructions like “either or survivor” etc. The signature of
depositor(s) on the letter should be verified by the officer concerned.
4.
It should first of all be ensured that no lien is outstanding against this Term
Deposit Receipt.
5.
The matter should be referred to the Manager/Sr. Manager for his permission to
issue duplicate Term Deposit Receipt.
Note
: a term deposit receipt is a “Not Negotiable” and “Not transferable” instrument.
6.
An indemnity bond should be obtained duly executed by depositor(s). No surety
may be called for.
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