How To Sign Mississippi Banking Presentation

How to industry sign banking mississippi presentation later

are we educational institutions siobhan and the Sharma Memorial RV College and is our initiative video lecture larva College one of the premier Institute's run by the prestigious RV group of institutions has come up for students with a unique initiative to engage at the time of this unforeseen medical emergency caused by corona outbreak as a social responsible institution we would like to connect academically with students to overcome the gap of classes hi Athena's assistant professor in the Department of Commerce has posted a PPT on the subject banking operations and innovations on the topic this Hana of trick listen to the PPT still the end do share and subscribe with your peer groups thank you yes so far we have discussed about what this paying back her what are the types of checks and what is a check so now we will be knowing about this Horner of check and grounds for this hollering yet check so let's start with that this one of check this Horner of the check is a condition in which Bank refuses to pay the amount of check to the pay whenever the tech is dishonored the drawee Bank instantly issues a check written memo to the payee banker specifying the reasons for dishonor in the definition it is clear that dishonoring in the sense the bank refuses to make the payment of the check given to the bank by the door so here there are some legal reasons for such dishonoring of check so we will further study about those reasons so they are as follows first one funds insufficient or exceeds arrangement prevalent reasons due to which bank return the check unpaid sometimes you write the check against which is to be created on a particular date in case salary is not credited or credited later than the date when the check is presented for payment bank will return it unfair so we have to confirm that and we have to maintain a minimum bank balance which has to be there for paying the check before issuing the check this has to be taken care in the case of overdraft account the check is dishonored with the reason call exceeds arrangement second point the amount in words and figures Bank dishonors the check if amount returned in words and numbers are different to one another in such cases the bank can't terminate the payment of the check and dishonor the check the third point to dishonor the checklist absence of pay mean in case the payee name is absent then the bank and responder the check with the reason stating that the payee name should be mentioned and it is required to think that as a valid check so next reason signature differences see sometimes you forget your signature and what happens is we usually keep one normal signature official things and the other one for routinely signing very short signatures so you have to remember properly what you have signed in the bank and the same signature has to be maintained if that signature is differing from one another that cheque will not be valid so there will dishonor the check next reason the alterations are overrated say once you are writing in check you have to make sure that there is no overwriting or any alteration of information which you have already written so this will be a reason for dishonoring the check here comes the next three so here comes the next reason so the next one is post-dated check with the date non-tech is not yet come so that means the day it is future niet which is not yet right suppose you have returned that the date of the check is for to me 2019 but you present the check on 1st May 2009 T so in this case the bank will not honor the check so it it will be treated as dishonoring because you cannot approach the bank before the date mentioned on the check arrives next reason instrument outdated or stale checks a check is valid for 3 months from the date return of the check so if a check is presented after 3 months so it is to be considered as a stale check bank cannot make payments for the invalid check which is outdated and the reason will be mentioned as stale check hot stale instrument so it is unpaid and return it back the next reason is payment stopped by drawed so mostly the dry stopped the payment in case if he thinks the check is lost or stolen in this case Bank dishonors the check and written it unpaired with the reason stating that it was stopped by the dryer itself the reason whatever the dryer gives either he says it's stolen either he says it's lost somewhere he had signifying that etc all this will be considered with the formal letter given for the back so next we type check as a general rule if the customer draws a type of check because it is easily altered then the bank can't refuse for making the payments of that particular check next reason dormant or in operative account if the account is inoperative for a long term you have not operated or you have not done any transactions then this can be your check can be despondent next account number if the account number is not mentioned in check clearly or it is absent then banker dishonors the check exploit same branch the same Bank branch can make payment of a check where the customer has his account if a customer presents a cheque for payment at the branch where he has no account it would be a similar his same Bank but it is different branch then also the check can be dishonored next point alteration or change so when it is seen that the customer has altered figures it could be dead it could be name it could be amount it could be any kind of alterations after drawing the check but not legally attested it if he is he has made some changes but he has there is no particular proof that he has changed it or some legal documents to make it prove it's the banker with dishonored that particular check also next one joint account some customers will have joint accounts and the signature of all the persons like two people have joined a convent both the signature should be required it is day it should be there and if the check has not been signed by all jointly the bank will not make the payment and that checks to business when the payment is talked like in case the droid asked the bank to stop payment and not to pay for a check issued in that case according to the instructions given by the drawer the check will not be honored by the bank last but not least the reason frozen account in case the government or court will order for a particular account of a person particular person to be frozen and not to do any transactions with that so the bank will dishonor all the checks bearing that particular account number or that particular person's account transactions it could be any kind up this particular topic will be soon back to the college I'll be back with another topic by the next time thank you for listening stay at home stay safe