Scrutinizing entries in pass books
Himadri Shekhar Bhattacharjee
(Querist) 17 August 2013
This query is : Resolved
Sir,I would like to know the legal position regarding scrutiny of pass book entries by bank account holders. If any account holder, who takes and updates his passbook regularly and does not complain about any anomaly in entries there,does it tantamount to his consent to all the entries in his bank passbook?
Regards.
Devajyoti Barman
(Expert) 17 August 2013
No, if he does not complaint within a reasonable time it does not waive his rights to seek redress if any anomaly is there.
An offence can not be waived by consent.
Guest
(Expert) 17 August 2013
Mr. Bhattacharjee,
You are a banker and you fully well know that in normal course, if the account holder does not object to any entry within a specified time that is assumed as confirmed. However, if some fraudulent transaction in his account is noticed by him at some later date he has every right to object to that at any later stage and hold the bank and its employees accountable.
You should not forget that a bank acts as a trustee for the money of the depositor parked with the bank and the bank can well be made accountable for breach of trust noticed on the part of the bank or its employees, and alternately the employees are fully accountable to their employer, i.e., the bank. The bank and its employee cannot take for granted any immunity on the plea that the account holder did not object within the specified period.
ajay sethi
(Expert) 17 August 2013
agree with dhingraji
Rajendra K Goyal
(Expert) 17 August 2013
Well advised by the experts, nothing mkmore to add.
prabhakar singh
(Expert) 17 August 2013
He seems to have been duped by his own staff colleagues.
Advocate Sastry
(Expert) 17 August 2013
Agree with Mr. Dhingra... Nothing more to add...
Raj Kumar Makkad
(Expert) 18 August 2013
No more to add after reading detailed replies on the subject.
Sudhir Kumar, Advocate
(Expert) 27 August 2013
He is only giving half facts on this thread. He already had considered view of Mr Dhingra Mr Barman, Mr Sethi on other threads.
Sudhir Kumar, Advocate
(Expert) 27 August 2013
He is only giving half facts on this thread. He already had considered view of Mr Dhingra Mr Barman, Mr Sethi on other threads.
Sudhir Kumar, Advocate
(Expert) 27 August 2013
You have made repeated queries regarding removal from service of your friend in disciplinary action by PSU Bnk.
Whether any of these depositors came to inquiry and confirmed withdrawal.
There is no provision that when a fraud is apparent during audit then management should wait for customer to complaint.
Sudhir Kumar, Advocate
(Expert) 27 August 2013
repeated http://www.lawyersclubindia.com/experts/Scrutiny-of-bank-passbooks-by-customers-386046.asp#.UhyFS3_Qzml
