WHAT BANK SHOULD DO WHEN A DEPOSITED CHEQUE DRAWN ON OVERSEAS BANK IS FOUND NOT GENUINE? WILL THEY RETURN ?

If a deposited coupon is found by a bank is not genuine what a bank will do? My subject is 1. will they lapse a instrument to a depositor after defacing it? 2. Will they Keep a instrument with them as well as only contend which it is not genuine?
What have been a instructions since to a landowner by a RBI in this courtesy as well as where it is referred to in a guideline of RBI or any alternative efficient authority?

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3 Responses to “WHAT BANK SHOULD DO WHEN A DEPOSITED CHEQUE DRAWN ON OVERSEAS BANK IS FOUND NOT GENUINE? WILL THEY RETURN ?”

  1. patsy m says:

    Some where I heard of scam like this,,, Laws in other countries are different so bank cant pursue like in our country. However things may of changed, best to let them handel it and it may take long time to hear conclusion. Just ask the main claims dept questions and they will have you file claim also. *mamatx

  2. wvpackerfan68 says:

    The person trying to deposit it could face criminal charges!
    Check your local laws.

  3. N.J.Reddy says:

    It depend on the bank. They may simply return the cheque to your or they may take action against you.