Ahmedabad: Bank Wrongly Passes Cheque Issued In 2006, Businessman's Rs. 50000 At Stake - Vibes Of India

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Ahmedabad: Bank Wrongly Passes Cheque Issued In 2006, Businessman’s Rs. 50000 At Stake

| Updated: December 28, 2021 11:16

A businessman in Ahmedabad had shock of his life when he discovered that Rs.50000 from his account had been transferred to another account. It was revealed after inquiry that the money was transferred with the help of a cheque issued 15 years back.

When Mayur Vayeda, resident of the Law garden area in Ahmedabad visited his Bank branch for withdrawing Rs.40000, he found that the required amount was no longer lying in his bank account. On the contrary, the amount of Rs.50000 was transferred to the account of one Pankil N Deval who Mayur Vayeda claimed not knowing at all.

As per rules, validity of a cheque is only three months and also after 2008 all chequebooks in India were mandated to be replaced with CTS format chequebooks, in compliance with the RBI induced clearing system with superior technology. In this circumstances, how a cheque issued in 2006 passed remains a mystery.

Mayur Vayeda has claimed that the Bank officials have confessed about the mistake and have promised to reverse the amount. Ellisbridge police has also began an inquiry into the issue to check if there was any conivance of the bank officials,

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