Can I deposit cheque in any other branch?

Answer – Yes, you can deposit cheque in any branch of SBI in India. Just make sure that there are two sections in the dropbox- local cheques and outstation cheques. Drop the cheque in the correct compartment.

What is the clearance time for Cheques deposited from other banks in SBI bank?

1.11 Cheques deposited at branch counters and Cheques deposited in the drop-box within the branch premises, before the specified cut-off time, will be sent for clearance on same day, for which the clearance period will be T+1 working day.

Is Andhra Bank Cheques are valid now?

The old cheque books from Andhra Bank and Corporation Bank are valid only till June 30, 2021, it said in a communication to its customers. As per RBI directives, all old cheque books issued by branches of the erstwhile Andhra Bank and Corporation Bank would not be effective in usage from July 1.

Can you bank a cheque in a different bank?

If the cheque is drawn within the same bank, the process is internal. If it is from another bank, the “Presenting Bank” sends the image of the cheque to the “Paying Bank” via the Automated Clearing House, which is owned and operated by the Kenya Bankers Association.

How do I know if my cheque is cleared SBI?

To enquire cheque status:

1. Click Enquires > Cheque Status. The Cheque Status page appears.
2. Select the account for which you wish to verify cheque status.
3. Select the single cheque option to verify status of a single cheque.
4. Enter the cheque number(s).
5. Click [Enquire].

Does cheque book expire in SBI?

SBI has said that the cheque books of these banks will not be valid after December 31. Five associate banks of State Bank of India (SBI) and Bharatiya Mahila Bank were merged with SBI with effect from April 1, 2017.

Which bank Cheques are invalid?

New Delhi: Cheque books of three state-backed banks – Allahabad Bank, Oriental Bank of Commerce (OBC), United Bank of India (UNI) – will become invalid starting from October 1, 2021. Cheque books of these three banks will become invalid because they were merged with larger banks.

How much time does it take for cheque clearance?

For all practical purpose, the cheque clearing between scheduled commercial banks now happens within three working days,” said an official of Indian Bank on anonymity as he is not authorised to talk to media. In the CTS, the image of the cheque is captured at the presenting bank level.

How much time does it take to deposit a cheque in SBI?

If it is out of the station it may take three days. Similarly, you can deposit a cheque received by of AB can be deposited in your SBI account. There will not be any problem. But the clearance will be done in one day if it is in the same city or 3 days if it is outstation cheque.

What is the cheque collection policy of Bank of India?

Bank’s Cheque Collection Policy (CCP) was first formulated in 2005 and is reviewed periodically, as per the guidelines issued by Reserve Bank of India (RBI)/IBA/BCSBI from time to time. The Policy duly approved by Bank’s Central Board shall be known as Bank’s Cheque Collection Policy -2015. 1.2.

Can I transfer money from SBI to AB Bank through cheque?

As far as know from one bank to another bank you can transact through cheques. If you have an account in SBI and AB. You can transfer the money from SBI to your account in AB through cheque. If it is in the same place it will be cleared within one working day.

What are the timings for Bank of India cheque clearing?

Most of the branches allow the last clearing to take place around 3.30pm 3.45pm as the branch timings for general public is till 4pm. If you miss the slot then the cheque is presented the next day for clearing which would hence delay the process for you.