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11. Withdrawals :
(a) A depositor is allowed withdrawal of money from his account by forms of withdrawal or by cheques to the extent of 100 withdrawals per year.
(b) A depositor cannot withdraw by withdrawal forms a sum smaller than Rs. 1/- or any sum which is not a multiple of Re.1/- unless it be to close the account.
(c) When a depositor wishes to withdraw from his account by withdrawal forms he must present his
pass book personally or by duly authorised agent at the Bank with an order for withdrawal on the form prescribed by the bank for the purpose, signed by himself and showing the amount which he wishes to withdraw. In the case of joint account the withdrawal forms should be signed in accordance with the instructions given at the time of opening of the account.
(d) If the depositor is unable to write he must attend personally and affix his thumb impression to the
order, to be attested by the signature of the approved witness who knows the depositor and is known to the Bank. If a photograph is lodged with the Bank by an illiterate depositor, he need not
have his thumb impression attested every time he withdraws money. It will suffice if he affixes his thumb impression in the presence of an official of the Bank. An illiterate depositor may operate an account by means of a cheque provided that his thumb impression on every cheque is authenticated by the Bank's official.
(e) (i) Withdrawals may be made by cheques where allowed by the Bank. The Bank reserves the right to refuse payment of a cheque drawn for amount smaller than Rs. 5/-.
(ii) Cheques must be drawn on the printed forms provided by the Bank, the Bank reserves the right to refuse payment of cheques drawn otherwise.
(f) Cheque Books upto 50 MICR cheques, will be issued free of charge per year to account of an individual. Cheque Books will be issued only to good depositors who maintain a minimum balance of Rs. 500 and Rs.1,000 for account of individual/s and others respectively. The Bank reserves the right to withdraw the cheque book facility if a minimum balance of Rs. 500/- Rs. 1,000 is not maintained or for any other reason whatsoever, either with or without prior intimation.
(g) Applications for cheque book must be made by the depositor in writing on the Bank's cheque book requisition form. It is particularly important that the printed requisition form inserted in the cheque book must be used when a new cheque book is required. The requisition form should be signed in accordance with the mode of operation of the account as specified at the time of opening the Account.
(h) Accounts in which cheque books are issued will be drawn upon only by means of cheques. However,withdrawals may be allowed by means of withdrawal forms in accounts in which the cheque book facility is withdrawn or at the discretion of the Bank.
(i) The attention of the depositor is particularly drawn to the notice on the front cover of the cheque book, regarding the drawing of cheques and the safe custody of cheque books.
(j) Cheques/withdrawal forms must not be post dated.
(k) Cheques/withdrawal forms must be drawn in such a way as to prevent unauthorised alteration or additions after issue.
(l) All alterations made in the writing of a cheque/withdrawal form must be authenticated by the drawer's specimen signature, otherwise the cheque/withdrawal form will not be paid.
(m) The amount of the cheque/withdrawal form must be stated in words and figures. Writing should be clear and distinct.
(n) The Bank will be entitled to refuse payment of a cheque/withdrawal form on which the signature(s) does not exactly correspond with that on record at the Bank.
(o) It is desirable that in the case of a Savings Bank Account standing in the names of two or more
persons, the full title of the account should appear on the top of the cheque drawn on the account. A rubber stamp may be used for this purpose; such stamp (or writing) of the full title of the account would be in addition to the usual signature or signatures.
(p) Cheques/withdrawal forms should not be issued before the necessary funds have been credited
to the relative account and are actually available for withdrawal. If cheques/withdrawal forms are
presented when there are insufficient funds to meet them, payment will be refused and the cheques/withdrawal forms returned as Savings Bank Account should not be overdrawn. Disregard of this rule will entail summary closing of the account.
(q) The account number must be written on all cheques/withdrawal forms at the place provided for the purpose. Should any cheque/withdrawal forms be drawn without the account number being mentioned thereon the Bank shall be entitled to refuse payment of the cheque/withdrawal form.
(r) The bank will register instructions from the drawer of a cheque/withdrawal form to stop payment
of it, but cannot undertake any responsibility in case such instructions are over looked for any reason or cause whatsoever and howsoever arising.
12. Transfer to Other Deposit Account :
The Bank would accept instructions from depositor to transfer amounts from their Savings Bank Account to other types of deposit account such as Short Deposits, Fixed Deposits, Monthly Income Certificates, Recurring Deposits, Double Benefit Deposits, etc. Such instructions should normally be accompanied by cheques/withdrawal forms drawn on the depositor's account together with completed opening forms/cards in respect of the deposit accounts proposed to be opened. Transfer to such deposit accounts would be subjected to minimum amounts prescribed and Bank's rules relating to such accounts prevailing from time to time.
13. Nature of Savings Bank Account :
Saving Bank Accounts are not intended to take the place of Current Accounts. Savings Bank Accounts must not be overdrawn. The Bank reserves the right to stop the interest on or to close without notice any account which is not, in the Bank's opinion properly conducted.
14. Business Hours :
The Savings Bank will be open for transaction of business during the normal hours the Bank is open for business.
15. Change of Address :
Change of address should be immediately intimated to the Bank in writing.
16. Nomination Facility :
Nomination Facility is available to new as well as existing SB Accounts. A nomination form duly filled up and signed by all account holder/s is required to be submitted to the Bank for the purpose. The account holder/s can make, cancel and vary the nomination at any time during currency of the account by submitting the prescribed form for the purpose duly signed. The nomination can be made in favour of only one individual. The name of the nominee can be indicated in the Saving Bank Pass Book if so desired by the account holder/s, in writing.
17. Closing of Accounts :
(a) If a depositor closes the account within 12 months of opening it, a small charge will generally be made.
(b) The Bank reserves the right to close any account without previous intimation if in the Bank's opinion it is not operated upon satisfactorily or for any other reason whatsoever.
18. Deletion, Addition and alteration to rules :
(a) The Bank reserves to itself the right to delete, add to or alter these rules at any time without giving a separate notice to every account-holder. An announcement of any change in the rules put up on the Bank's Notice Board or published in the press shall be deemed to be sufficient notice to all account-holders.
(b) These rules as amended from time to time as aforesaid shall constitute a contract between the
account holder and the Bank and will be binding on the account holder, his heirs, executors, administrators or other legal representatives and on the Bank.
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