For instance, in the case of home loans and automobile loans, lenders such as banks and non-banking finance companies (NBFCs) insist on the deposit of a certain number of undated, signed cheques such as 6 or 12 cheques in addition to the signing of the electronic clearance service (ECS) mandated by the borrower to legally enforce their right to recover the money from them in case of default. It is particularly true where parties to the transactions want the details of the payments to be legally covered under the Negotiable Instrument Act such as business transactions, payment of loans such as home loans, automobile loans, etc. Though a sizable chunk of such payments has been shifted to online modes such as real-time gross settlement (RTGS) national electronic fund transfer (NEFT), and electronic clearing services (ECS), for certain kinds of payments, cheques are still the preferred mode of payment. In the Deposit Accounts section, select Order checks or review.
It may have an impact on those businesses, particularly in micro, small and medium industries and businesses where cheques are still the dominant form of payment. Online banking steps: Select Customer service at the top of the page, then choose Self service. Go to service request section Request for cheque book Your Cheque book will be dispatched within 3 working days from the date of request. A transaction includes deposits and other credits, checks paid and other debits, ACH and deposited items, and signature and PIN-based purchases made with a U.S. Login to Internet Banking using User ID and password. While cheques and cheque books will attract 18% GST from July 18, maps, wall maps, hydrographic charts and atlases would attract 12% GST. Online Request You need to visit the website of Doha Bank.
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