6 day cheque clearing SBI delay forces credit card holders to consider using cash for funds transferPosted by: admin | Posted on: May 16, 2019
In a clear indication of the risks involved in computerization, SBI cheques which were deposited on May 10, 2019 and later are not yet cleared due to connectivity problems according to the staff at SBI Panaji main branch according to the staff at the bank.
Many people are transferring their money to their SBI account for payment, for example for SBI credit card, they only accept sbi debit card payment, and if the cheque has not cleared it is a major problem for them.
This clearly indicates the misplaced priorities of NTRO harassing harmless indian paypal account holders, the bank clearing network is very important, yet no one cares and cheques are not getting cleared. If it was a one day problem people could have tolerated, now it is 6 days, for cheque clearing, indicating a major problem
SBI account holders are wasting their time visiting the bank branch, to find what happened to the cheque , they are not getting any kind of notification indicating the extent of the problem.
There is massive fee to be paid if the credit bill is not paid on time, so some customers may be forced to withdraw cash from one bank account and deposit it in the SBI bank account in panaji to have enough balance to pay the credit card bill. Instead of visiting the SBI branch daily, it is better to withdraw cash and deposit it in the same city so that there is enough balance in the bank account
Yet the hysterical google, tata employees continue to hysterically make fake black money allegations, when cash is withdrawn or deposited, refusing to admit that it is a fault of the cheque clearing system that cheques are not cleared 6 days after they are deposited in the bank account