About Course

Collection of cheques refers to the process of presenting a cheque for payment to the bank on which it is drawn. Here are the steps involved in the collection of cheques:

Unit-I
Introduction
Meaning
Position of collecting banker
Duties and responsibilities of a collecting banker

Unit-II

Statutory Protections not available
When Protections not available
Negligence

Course Content

Unit-I
A collection of cheques refers to the process of depositing or presenting multiple cheques at once to a bank for payment. This is often done by businesses or organizations that receive a large number of cheques as payment from customers or clients.

Introduction:
Meaning
Position of collecting banker
Duties and responsibilities of a collecting banker

Unit-II
Statutory Protections not available 1.Forgery: If the cheque is forged, and the collecting banker fails to detect the forgery, they may be held liable for any losses that result. 2.Alterations: If the cheque is altered in any way, such as changing the amount or the payee, and the collecting banker fails to detect the alteration, they may be held liable for any losses that result.

Collection Of Cheques

About Course

Course Content

Unit-I
A collection of cheques refers to the process of depositing or presenting multiple cheques at once to a bank for payment. This is often done by businesses or organizations that receive a large number of cheques as payment from customers or clients.

Introduction:

Meaning

Position of collecting banker

Duties and responsibilities of a collecting banker

Statutory Protections not available

When Protections not available

Negligence

Resources

Support

Quick Links

About Course

Course Content

Unit-I A collection of cheques refers to the process of depositing or presenting multiple cheques at once to a bank for payment. This is often done by businesses or organizations that receive a large number of cheques as payment from customers or clients.

Introduction:

Meaning

Position of collecting banker

Duties and responsibilities of a collecting banker

Statutory Protections not available

When Protections not available

Negligence

Resources

Support

Quick Links

Unit-I
A collection of cheques refers to the process of depositing or presenting multiple cheques at once to a bank for payment. This is often done by businesses or organizations that receive a large number of cheques as payment from customers or clients.