Cheque Referral Process
ICICI Bank offers a cheque referral process, for cheques issued by the corporate customers, which could not be cleared as they are technically deficient.
The cheque referral process would enable customers to authorise clearing of cheques after being duly authenticated by the Bank. The referral process would cover only the following six technical reasons:
• Title of account required: Refers to the company stamp that must accompany the signature of a director/ authorized signatory
• Drawer's signature incomplete/ differs/ required
• Alteration in date/ figures/ words requires drawer's full signature
• Post-dated
• Out of date
• Amounts in words and figures differ
The technical reasons beyond the six reasons specified above would be rejected by the Bank.
A customer can register for technical cheque referrals by submitting the application form for “Phone Banking with Cheque Referrals”. The process flow for referring and approving such cheques would be as follows:
• ICICI Bank would send an SMS/email alert to the customers registered for “Phone Banking with Cheque Referrals”.
• The authorised user/s of the corporate calls the Bank and after authentication based on TPIN and CRN, gives confirmation for approving the cheque.
• Based on the decision given by the client, ICICI Bank would take appropriate action.
ICICI Bank offers a cheque referral process, for cheques issued by the corporate customers, which could not be cleared as they are technically deficient.
The cheque referral process would enable customers to authorise clearing of cheques after being duly authenticated by the Bank. The referral process would cover only the following six technical reasons:
• Title of account required: Refers to the company stamp that must accompany the signature of a director/ authorized signatory
• Drawer's signature incomplete/ differs/ required
• Alteration in date/ figures/ words requires drawer's full signature
• Post-dated
• Out of date
• Amounts in words and figures differ
The technical reasons beyond the six reasons specified above would be rejected by the Bank.
A customer can register for technical cheque referrals by submitting the application form for “Phone Banking with Cheque Referrals”. The process flow for referring and approving such cheques would be as follows:
• ICICI Bank would send an SMS/email alert to the customers registered for “Phone Banking with Cheque Referrals”.
• The authorised user/s of the corporate calls the Bank and after authentication based on TPIN and CRN, gives confirmation for approving the cheque.
• Based on the decision given by the client, ICICI Bank would take appropriate action.