Suggestion to Reserve Bank of India by Vinay Dadmal

Suggestion to RBI by Vinay Dadmal

Application No: 201807000025 Status: CLOSED Submitted Date: 25-07-2018 07:59:22 Closed Date: 09-10-2018 10:42:48 Application Details Office: Mumbai R.O Department: DEPOSIT ACCOUNTS DEPARTMENT Section: MISC. SECTION Application Under process With Office: Central Office Department: DEPARTMENT OF BANKING REGULATION Section: ADMINISTRATION Subject: To stop withdrawal slip use for transaction for saving and current accounts of all banks. Questionnaire: Application Details We now strengthned issues about cheque transaction under law. Now to overcome passbook related frauds please make it mandatory to withdraw money from banks accounts through individual issued cheques only. Stop transactions through withdrawal slip. Bank should charge 1% for each foil cheque transaction on transaction amount.Issue cheque books to all customers as per present guidelines.All other withdrawl procedures will remain same. Final Remarks Disposal Remarks Action Completed and reply sent,