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DBOD.BP.BC. No. 49/21.01.001/2011-12

As banks are aware, instruments with account payee crossing are required to be credited to the payee’s account and not paid in cash over the counter. However, some unscrupulous elements use demand drafts without any crossing for transfer of money as an alternative to settlement through cash.

 

2. In order to address the regulatory concerns that have arisen in this context, banks are advised to ensure that demand drafts of Rs. 20,000/- and above are issued invariably with account payee crossing.


PERSONAL PERCEPTION

Different people have different perception. One man’s meat could be another man’s poison.

A couple bought a donkey from the market.

On the way home, a boy commented, “Very stupid. Why neither of them ride on the donkey?”

Upon hearing that, the husband let the wife ride on the donkey. He walked besides them.

Later, an old man saw it and commented, “The husband is the head of family. How can the wife ride on the donkey while the husband is on foot?” Hearing this, the wife quickly got down and let the husband ride on the donkey.

Further on the way home, they met an old Lady. She commented, “How can the man ride on the donkey but let the wife walk. He is no gentleman.”

The husband thus quickly asked the wife to join him on the donkey. Then, they met a young man. He commented, “Poor donkey, how can you hold up the weight of two persons. They are cruel to you.” Hearing that, the husband and wife immediately climbed down from the donkey and carried it on their shoulders.

It seems to be the only choice left. Later, on a narrow bridge, the donkey was frightened and struggled. They lost their balance and fell
into the river. You can never have everyone praise you, nor will everyone condemn you. Never in the past, not at present, and never
will be in the future.

Thus, do not be too bothered by others words if our conscience is clear..

 

Ref: DBOD.BP.BC No. 56 / 21.01.001/ 2005-06

Collection of Account Payee Cheques -Prohibition on Crediting Proceeds to Third Party Account

 

Please refer to our circular DBOD.BP.BC.No.56/21.01.001/2005-06 dated January 23, 2006 in terms of which banks are prohibited from crediting ‘account payee’ cheques to the account of any person other than the payee named therein.

 

2. In view of concerns raised that these instructions are not being adhered to, we reiterate that banks shall strictly adhere to the instructions contained in our circular referred to above and not collect account payee cheques for any person other than the payee constituent.

 

3. With a view to mitigate the difficulties faced by the members of co-operative credit societies in collection of account payee cheques, relaxation was extended vide our circular DBOD.BP.BC.No. 47/21.01.001/2010-11 dated October 1, 2010. In terms of the said circular, banks may consider collecting account payee cheques drawn for an amount not exceeding Rs.50,000/- to the account of their customers who are co-operative credit societies, if the payees of such cheques are the constituents of such co-operative credit societies. The above relaxation will continue as hitherto, subject to the conditions outlined in the circular dated October 1, 2010 referred to above.

 

4. Banks may note that the above prohibition and relaxation shall also extend to drafts, pay orders and bankers’ cheques.


The Reserve Bank of India issued a notification on Friday saying that from April 1, 2012, banks, drafts, pay orders and bankers’ cheques will have to be presented within three months of the date of issue of these instruments.

The change has been prompted by instances of misuse of the payment instruments.

Banks have been instructed to print the change on the cheque leaves and drafts that will be issued from April 1, 2012

Ref: http://www.rbi.org.in/scripts/NotificationUser.aspx?Id=6805&Mode=0

Searching…

BE PATIENT

This is a true story which happened in the States. A man came out of his home to admire his new truck. To his puzzlement, his three-year-old son was happily hammering dents into the shiny paint of the truck. The man ran to his son, knocked him away, hammered the little boy’s hands into pulp as punishment. When the father calmed down, he rushed his son to the hospital.

Although the doctor tried desperately to save the crushed bones, he finally had to amputate the fingers from both the boy’s hands. When the boy woke up from the surgery & saw his bandaged stubs, he innocently said, ” Daddy,I’m sorry about your truck.” Then he asked, “but when are my fingers going to grow back?” The father went home &
committed suicide.

Think about this story the next time someone steps on your feet or u wish to take revenge. Think first before u lose your patience with someone u love. Trucks can be repaired.. Broken bones & hurt feelings often can’t.. Too often we fail to recognize the difference between the person and the performance. We forget that forgiveness is greater than revenge.

People make mistakes. We are allowed to make mistakes. But the actions we take while in a rage will haunt us forever.

A Family Story‏

A teacher from a primary school asks her students to write an essay 

about what they would like God to do for them.


At the end of the day while marking the essays, 

she reads one that made her very emotional.


Her husband, who had just walked in saw her crying 

and asked her what happened.


She answered: ‘ Read this essay’


“Oh God, tonight I ask you something very special: 

Make me into a television. 

I want to take its place. 

Live like the TV in my house. 


Have my own special place and have my family around me.

To be taken seriously when I talk. 

I want to be the centre of attention 

and be heard without interruptions or questions.


I want to receive the same specail care that the TV receives 

when it is not working. 

Have the company of my dad when he arrives home from work,

 even when he is tired.

 

I want my mom to want me when she is sad and upset, 

instead of just shouting at me or ignoring me. 

I want to feel that my family just leaves everything aside,       

every now and then, just to spend some time with me. 


Lord I don’t ask you for much…. I just want to live like every TV”


At that moment the husband said ‘ Poor child. 

What horrible parents’ 

His wife looked up at him and said,

‘That essay is our son’s’.

Q to MBA guy: How to Kill an Ant?
Asked in exam for 15 marks….

Student:Mix Chilli Powder withSugar&keep it outside theAnt’s Hole.
After eating, Ant will search for some water near water tank.Push ant in to it.

Now ant will go to dry itself near fire.When it reaches fire, put a bomb into the fire.Then admit wounded ant in ICU.Remove oxygen mask from it’s mouth n kill the ant.

MORAL:Ddon’t play with MBA students they can do any thing for15 marks

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