Beruflich Dokumente
Kultur Dokumente
J N Nayak
TC LUCKNOW
Learning Objectives
Discounting of Bills
Collection of Cheques and Bills
Remittances
Safe Custody of articles
Hiring of Safe Deposit Lockers
Conducting foreign exchange transactions
Conducting Govt. Transactions.
Issuing Letters of Credit and Guarantees
GARNISHEE ORDER
I.T. ATTACHMENT ORDER
Issued by a court at the
Issued by I. Tax Deptt to
request of the judgement
attach the balance lying in
creditor attaching the fund
the account of customer /
belonging to the
defaulter of the order
judgement debtor
issuing authority.
The credit balance
Credit balance available &
available at the time of
future credit in the account
order is attached
are also attached.
Bank can exercise their
Right to set off not available
right of set-off before
once order acted upon.
remitting to court
present fund and any fund
Fund which is lying with
which are to be credited to
the bank as a debtor to be
the customer account.
attached
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Applicable
If the order in single name, no
joint account balance can be proportionately to joint
attached. account balance also.
Account of deceased Account of deceased
customer is not atachable customer can also be
Jt account with instruction attached
former or survivor can be
attached
Personal account of partners
can be attached for firms’s
debt.