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KOTAK BANK FILED FALSE CASE AGAINST SHYAMLA MANAGER LCC INSTEAD OF BRANCH MANAGER FOR ILLEGAL WITHDRAWAL 52 LAKHS RUPEES

 
 
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KOTAK BANK FILED FALSE CASE AGAINST SHYAMLA MANAGER LCC INSTEAD OF BRANCH MANAGER FOR ILLEGAL WITHDRAWAL 52 LAKHS RUPEES
by System Administrator - Saturday, 24 December 2016, 4:14 AM
 

By : M.S.Yatnatti Editor and Video Journalist Bengaluru :Smt Shyamala Ex Mnager LCC Kotak Mahednra Bank  reportedly has said that she would file defamation case against bank officials for filing illegal case on her as she was not party to the alleged transaction as this cheque was even not credited /debited using her user ID or password in LCC Bangalore .When Customerdeposit a cheque issued by his/her client , The bank will credit the cheque amount to Customeraccount. This doesn't mean the money is immediately available for use though, so customerwon't be able to withdraw it or transfer it to another account straight away. If the paying bank dishonours the cheque, however, the amount credited to customeraccount will be reversed. This is why it is important to customer or Branch Manager not to consider the funds until they have been cleared. The paying bank will dishonour the cheque if, for example, it is stolen or there is not enough money in its customer's account to pay the cheque. The cheque had come back "in the ordinary course of business" and that Branch Manager allowing to withdrawing the money is his stand alone mistake and fraud and Branch Manager and both customer used clearing system knowledge to defraud the Bank.The cheques are cleared by RBI in cheques clearing center and accordingly it debits or credits the funds and the if the cheque is returned the RBI Debits the account of Bank and once RBI Does debit the amount the banks clearing center data entry operators Manger levelmakes mark pending with respect to that cheque and all software's are integrated with core banking software's and are web based and once mark pending is done either MICR/CTS customer accounts will and shall automatically reflect everywhere be barred to credit any amount of cheque and the case being such Branch manager cannot presume the cheque is cleared and allow withdrawal of amount .It s reported and alleged that Kotak Mahendra Bank Limited had filed a false and fabricated case against Shymla Manger Level data entry operator for withdrawal of Rs 52 lakhs by customer at Basavangudi branch Bangalore despite she and her colleague had mark pended the cheque after debited the amount by RBI and question of having a clear balance amount in customer account does not arise and Reportedly and allegedly the branch Manager allowing withdrawal by customer without balance amount in the account is stand alone fraud mistake blunder committedby branch manager in connivance with the customer .The Kotak Mahendra Bank Limited need to withdraw the case filed in CC 12380/2015 against Shymla Manger Level data entry operator and file the case against Prabhakara Manager at Basavangudi branch Bangalore for allowing Rs 52 lakhs allegedly withdrawal by customer without clear balance amount as cheque was presented to clearing house on 03-04-2016 and withdrwal was allowed on 04-05-2106 which is illegal and is stand alone fraud mistake blunder committedby branch manager in connivance with the customer .It is reported that in CC 12380/2015Shymla Manger Level data entry operator has filed discharge application under 239 of Criminal Procedure Code 1974 and she is filing written arguments with all documents to prove her innocence in the case .The staff working at banks clearing center are just data entry operators and not decision makers and the bank software's are integrated and everything whateverdata is entered is visible to all bank officials who have access to the software'sand this activity is outsourced by bank with third parties .As a policy, Bank would give credit to the customer account on the same day after day's clearing settlement takes place. Withdrawal of amount so credited would however be permitted as per the cheque return schedule of the clearing house. If a cheque/instrument for which immediate credit has been afforded is returned unpaid, Bank shall recover interest at clean overdraft rate for the period Bank remained out of funds and also cheque return chargesBranch Mnager is not authorized to allow withdrawal as per cheque collection policy of KMBL as per para 2.1as policy bank will give credit to customer account on the same day clearing settlement take place .Withdrawal of amounts so credited would be permitted as per cheque return schedule of the clearing house and according to 2.4 immediate credit can be given by bankand in the event of dishonor of cheque against which immediate credit was provided interest shall be recoverable from the customer at the rate applicable for clean overdraft limits sanctioned for individual customers.In this caseallegedly Complainant Branch Manager without waiting up to 05-04-2013 the return of chequehe has allowed withdrawal of huge amount04-04-2013 illegally and intentionally .It is pertinent to note that on The same customer on 5-04-2013(wrong date mentioned) has deposited two cheques bearing number 000529 for 1640000/- and 000628for 1810000/- Complainant Branch Manager credited these cheques on 07-06-2013 and debited on the same day 07-06-2013 as per th account stamen of the customer then why he did not do that for 52 lacs two cheques itself proves that Complainant Branch Manager is the main culprit .Branch Manager at Basavangudi branch Bangalore for allowing Rs 52 lakhs allegedly withdrawal by customer without clear balance amount or without waiting for return of cheque is stand alone fraud mistake blunder committedby branch manager in connivance with the customer