Legal Question in Banking Law in
i had deposited dd in delhi bank .as it was amritsar made dd,the delhi bank had couriered it to their amritsar branch for crediting it n clearing it...now in transit..couriered dd got lost...bank is asking me to bear with them and that i issue indemnity to get duplicate dd,now can the amritsar branch give indemnity on my behalf with request on letter head to clearing bank to issue duplicate dd...beacause it is their fault..india
5 Answers from Attorneys
amritsar branch of delhi bank or delhi bank has to issue indemnity and not you in favour of the amritsar bank. You are holding the deposit slip of depositing the cheque with the delhi bank.
It is your collecting bank's responsibility to get the duplicate draft, if they have lost it.Amritsar Branch of the Delhi bank to issue duplicate DD on the indemnity of your collecting Bank. If still they insist on your indemnity, you seek counter indemnity as also remibursement of all costs from your collecting bank.
It is your collecting bank's responsibility to get the duplicate draft, if they have lost it.Amritsar Branch of the Delhi bank to issue duplicate DD on the indemnity of your collecting Bank. If still they insist on your indemnity, you seek counter indemnity as also remibursement of all costs from your collecting bank.
It is your collecting bank's responsibility to get the duplicate draft, if they have lost it.Amritsar Branch of the Delhi bank to issue duplicate DD on the indemnity of your collecting Bank. If still they insist on your indemnity, you seek counter indemnity as also remibursement of all costs from your collecting bank.
It is your collecting bank's responsibility to get the duplicate draft, if they have lost it.Amritsar Branch of the Delhi bank to issue duplicate DD on the indemnity of your collecting Bank. If still they insist on your indemnity, you seek counter indemnity as also remibursement of all costs from your collecting bank.
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