Can someone else withdraw money from cheque?

If you are sending someone with a cheque to withdraw money from your account, the bank will demand KYC of the person carrying the cheque before handing over the cash.

Can I withdraw money from multi City cheque?

Withdrawal of amount so credited will be permitted as per the cheque return schedule of the clearing house.

Is it possible to withdraw money from another branch?

And the banking facilities available to customers at branches other than the home branch are called non-home branches. If any cash transaction, such as deposit or withdrawal, is done at a non-home branch, a fee is levied. This fee varies across banks.

What is the use of multi City cheque?

With the Multi City Cheque Book, you can withdraw funds by yourself as well as make payment to people in cities other than at city/town where you maintain an account. Benefits: Withdraw cash from any of our branches across India upto Rs. 1.00 lac per day.

What is the difference between normal cheque and multi City cheque?

A Multi city cheque is the type of cheque which is written directly by the customer which can be payable in every branch of that particular branch . While the normal cheque is issued by the bank on your demand . when you give the money to the bank they issue . the cheque also known as banker’s cheque.

How can I cash a cheque instantly?

Here are few options you can consider:

1. Take it to a Retailer. Many large retailers actually offer cheque cashing services.
2. Take it to the Bank which Issued the Cheque. You do not have to have an account with the issuing bank to have a cheque cashed there.
3. Take it to a Payday Lender.
4. Get a Prepaid Debit Card.

What is third party cash withdrawal?

Withdrawals for third parties would be allowed only through cheques and no cash payment would be allowed through withdrawal forms. For cash withdrawal by a third-party using cheque, KYC of the third party concerned will be required, the bank said.

What is the cash withdrawal limit by third party in SBI?

Cash withdrawal limit by third party: Rs 50,000 (only by using cheque.) For cash withdrawal by a third party using cheque, KYC of the third party will be required,, the bank said. As per the new rule, if you want to withdraw money at a non-home branch of SBI by using with withdrawal form, you will have to carry the Saving Bank passbook along.

How to withdraw money from SBI with a cheque?

For cash withdrawal by a third party using cheque, KYC of the third party will be required,, the bank said. As per the new rule, if you want to withdraw money at a non-home branch of SBI by using with withdrawal form, you will have to carry the Saving Bank passbook along. This way you can withdraw up to Rs 25,000.

Can I withdraw money from a multi city cheque without passbook?

A multi city cheque bears a withdrawal limit (mostly printed on the cheque leaf) for non home Branch withdrawal. You can withdraw money from a non home Branch without producing a passbook provided your signature is visible. No third party payments at non home branches though.

What is the maximum amount I can withdraw from State Bank of India?

You can withdraw upto rs 25000 through non-home branch of state bank of India but you can not withdraw by a voucher and passbook. Using a multi city cheque only self can withdraw in non home branch. The limit per day is Rs.50000/- . Third party cash payments are not allowed at non home branch. Maximum Rupees 50000.00