G I F T C H E Q U E

1. Introduction:
GIFT CHEQUES ARE ISSUED BY THE Bank against consideration to the csto!ers"non
csto!ers #or the satis#action o# the csto!ers in $artic%ar and the non&csto!ers in
genera%. Ti%% no' gi#t che(es 'ere )eing issed #or a !ini!! o# Rs.*1"& and a !a+i!! o#
Rs.,-1"&.
The Co!$etent Athorit. o# the Bank has decided to introdce ne' Gi#t Che(es o# the
deno!ination o# Rs. *--"& and Rs. 1---"&in addition to e+isting Gi#t Che(es o# Rs.*1"&/
Rs.1-1"&and Rs.,-1"&. The $ro$osed s.ste! and associated $rocess are en!erated )e%o' 0
APPLICATION FORM:
A Gi#t Che(e !a. )e issed to an.)od. a$$%.ing #or it. The a$$%icant !st sign in #%% in the
A$$%ication For!.
The $artic%ars o# the a$$%icant as 'e%% as o# the Gi#t Che(e issed sha%% )e recorded in the
Gi#t Che(es Register Book 1o. ,12 nder the athentication o# the athori3ed o4cia% and
the seria% n!)er o# the register noted on the a$$%icant.
The Gi#t Che(e enc%osed in a co5er designed #or the $r$ose sha%% )e handed o5er to the
a$$%icant against his signatre in the Gi#t Che(e isse Register.
The a$$%ication #or!s sha%% )e 6%ed seria%%..
The #nd #or the Gi#t Che(e !a. )e de$osited in cash or ). a se%# 7dra'n che(e on the
)ranch.
8rinted Gi#t che(e #or!s together 'ith co5ers sha%% )e o)tained #ro! the a$$ro5ed $rinters.
The stock sha%% )e recorded in the Gi#t Che(es Register and he%d in the cstod. o# the
athori3ed o4cia%.
8ro$osed S.ste!
i) The ne' Gi#t Che(e sche!e code 'i%% )e CBS Gi#t Che(e 9CBSGC:/ re$%acing
Gi#t Che(e 9GC 1-1:;
ii) The 1e' Gi#t Che(e accont sha%% )e --<=-1,>--1222 and sha%% )e tit%ed as
?Centra% Gi#t Che(e Accont@. This 'i%% )e an A4ce Accont o# the ?Head A4ce@
SAB 9--<=:.
,. 8rchase Consideration o# 8a. Arder
Chi%e acce$ting consideration #ro! csto!er #or issance o# Gi#t Che(e Branch 'i%% !ake
the credit transaction throgh TD in the o4ce accont n!)er --<=-1,>--1222 on%./ no
!atter #ro! 'hich )ranch the credit is initiated. A credit #ree3e sha%% )e there/ #ro! the date
o# introdction o# ne' s.ste!/ #or the ear%ier s.ste!/ i/e; SAB S$eci6c Gi#t Che(e Accont.
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2. E+change #or Gi#t Che(e
Gi#t Che(es in a%% deno!inations to )e issed 'ith Free of Charge
>. Issance o# Gi#t Che(e 0
a) 1on DICR Gi#t Che(es are to )e discontined #ro! the introdction o# ne' s.ste! o#
Gi#t Che(e . DICR sort code ----,E--- 'i%% )e $rinted in a%% Gi#t che(es. Ne!
"#"te$ of Gift Che%ue ha" &eco$e e'ecti(e fro$ )*)+,)**
b) Criting o# Seria% 1!)er o# Gi#t Che(e 0
Branch Seria% 1!)er 9BS1: 'i%% )e identica% to the 8rinted Seria% 1!)er 98S1: o#
the Gi#t Che(e. Branch !st ensre that 8S1 F BS1 are identica%.
c) Signing o# Gi#t Che(e 0
It is !andator. #or the o4cia%s signing Gi#t Che(e are to $t their signatre seria%
1!)er %ike dra#t since it is -a#a&.e at -ar at a.. &ranche". Gi#t che(e is to )e
signed ). t'o o4cers o# the )ranch 'ith signatre seria% n!)er 'here5er it is not
$ossi)%e ?Issed Under Sing%e Signatre@ sta!$ to )e a4+ed.
*. 8a.!ent o# Gi#t Che(e 0
a: Dode o# 8a.!ent 0
Gi#t che(e can )e $aid in a%% three !odes %ike Cash " C%earing " Trans#er. In order to ensre
that a Gi#t Che(e is $aid on%. i# it is issed in the s.ste!/ there 'i%% )e a 5a%idation rn
)e#ore $a.!ent. The s.ste! 'i%% !atch the #o%%o'ing 0
i) 8rinted Seria% 1!)er ;
ii) Isse Branch;
iii) Isse Date ;
iv) Isse A!ont.
): 8a.!ent ). a Branch other than Issing Branch
In $%aces 'here in'ard c%earing is no' centra%i3ed/ the Ser5ice " Dain Branch 'i%% !ake
$a.!ent o# Gi#t Che(e. 8a.!ent o# Gi#t Che(e to )e done ). de)iting Centra% Gi#t Che(e
Accont i/e; --<=-1,>--1222. In other $%aces 'hen Gi#t Che(e is $resented #or $a.!ent/
it is to )e $aid to the de)it o# a)o5e stated accont. Under no circ!stances the gi#t Che(e
sha%% )e sent to the issing )ranch #or co%%ection.
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c: Re5a%idation o# Gi#t Che(e 0
Chen a re(est is recei5ed #ro! indi5ida% csto!er #or re5a%idation o# the Gi#t Che(e/ the
issing Branch 'i%% cance% it and isse a ne' Gi#t Che(e.
G. Re$orts and Reconci%iation o# Gi#t Che(e Accont
Se5era% se#% re$orts are designed 'hich !a. )e generated ). the D.D. Ce%%"Branch #or
contro% and !onitoring. The re$orts are as #o%%o's 0
a) Atstanding CBS Gi#t Che(e 7 For DD Ce%%
b) Reconci%iation o# CBS Gi#t Che(e 7 For DD Ce%%.
c) Issing Branch&'ise $osition 7 For D. D. Ce%% F Branch
d) Age&'ise $osition 7 For D. D. Ce%%
e) Gi#t Che(e S)sidiar. Da. Book 7 For Branch
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