Mais conteúdo relacionado



  2. INTRODUCTION Collecting bankers are an essential part of the financial system, responsible for processing cheques and ensuring that funds are transferred securely between banks. They act as intermediaries between the payee's bank and the drawer's bank, presenting cheques for payment and verifying endorsements to ensure that the transaction is accurate and efficient. Collecting bankers are also responsible for providing advice and assistance to their clients, including information about fees and charges, as well as the status of their transactions
  3. COLLECTING BANKERS 1. A collecting banker is one who undertakes to collect amount of a cheque for his customer from the paying banker. 2. A banker is under no legal obligation to collect cheques, drawn upon other banks for a customer. 3. But every modern banker performs this duty, because, no customer will be satisfied merely with the function of payment of cheques alone. 4. In the case of crossed cheques, there is no other alternative to collect the cheques except through some banker.
  4. DUTIES OF COLLECTING BANKERS Exercise of reasonable care and diligence Exercise Protest and note a foreign bill for non-acceptance Protest and note Present the cheque for collection without any delay Notice of dishonors Present Present the cheque for collection without any delay Notice of dishonors Present Present the bill for acceptance at an early date Present Present the bill for payment Present
  5. EXERCISE OF REASONABLE CARE AND DILIGENCE When a banker collects a cheque for his customer, he acts only as an agent of the customer. As an agent, he should exercise reasonable care, diligence and skill in collection work. He should observe utmost care when presenting a cheque or a bill for payment. Reasonable care and diligence depend upon the circumstance of each case.
  6. PRESENT THE CHEQUE FOR COLLECTION WITHOUT ANY DELAY 1. The banker must present the cheque for payment without any delay. 2. If there is delay in presentment, the customer may suffer losses due to the insolvency of the drawer of insufficiency of funds in the account of the drawer or insolvency of the banker himself. 3. In all such cases, the banker should bear the loss.
  7. NOTICE OF DISHONOUR If the cheque, he collects, has been dishonoured, he should inform his customer without delay. The Negotiable Instrument Act has prescribed a reasonable time for giving the notice of dishonour. If he fails to do so, and consequences, any loss arises to the customer, the banker has to bear the loss.
  8. PRESENT THE BILL FOR ACCEPTANCE AT AN EARLY DATE  As per Sec. 61 of the NI Act, a bill of exchange must be accepted. Acceptance gives an additional currency to the bill, because, the drawee becomes liable thereon from the date of acceptance.  Moreover, in the case of a bill of exchange payable after sight, acceptance is absolutely essential to fix the date of maturity.  If a banker undertakes o collect bills, it is his duty to present them for acceptance at any early date. Sooner a bull is presented and got accepted earlier is its maturity.
  9. PRESENT THE BILL FOR PAYMENT  The banker should present the bills for payment in proper time and at report proper place.  If he fails to do so and if any loss occurs to the customer, then the banker will be liable. According to Section 66 of the Negotiable Instrument Act, a bill must be presented for payment on maturity.  As per Section21, sign bills are payable on demand. Section 22 lays down that the maturity of the bills is the date on which it is due for payment, to which, 3 days of grace are added.  Thus, the rules for calculating the maturity dates are given in secs. 23,24,and 26 of the NI Act.
  10. PRESENT THE BILL FOR ACCEPTANCE AT AN EARLY DATE  In case of dishonour of a bill by non-acceptance or non-payment, it is the duty of the collecting banker to inform the customer immediately. Generally, he returns the bill to the customer.  In the absence of specific instructions, collecting bankers to be foreign bill, the banker should have it protested and noted by a Notary Public and then forwarded it to the customer.
  11. CONCLUSION In conclusion, the duties of collecting bankers are essential for ensuring the smooth and secure transfer of funds between banks. They play a crucial role in preventing fraud and maintaining the trust that underpins the entire banking system. As such, collecting bankers are an integral part of the financial system and play a vital role in the economy as a whole.