* checks and bank accounts

Posted on July 17th, 2007 by Alex. Filed under IISc.


Ok, it took some time till the administration office namely the Society for Innovation and Development issued a cheque in my name to give me a little bit of award for my work here. Just a tiny little stamp saying “A/c payee only” makes it quite hard to cash it. It means that there must be a bank account with my name to which the money is transfered. Here is the dialog which I had in the bank.
I: “Good afternoon, I would like to cash this cheque. But since I don’t have a bank account, I would like to transfer the money (my money) to his account (pointing to a friend standing just beside me).”
Bank employee: “Go to that next next counter, but it wont be possible.”
So we went to the next next counter. Same question, same answer. So here it is, what happenes next:
I: “So that means, I have to open a bank account, cash the cheque and close the account immediately after that. Alright, where is the application form? I mean, it’s your work, not mine.”
Lady: “Ok, do it like this: cross the stamp and sign it, then we give you the money.”
I: “Ok, do you have a pen?”
Lady: “No no, you have to go to the issuer. He will cross it and sign it. Then you come back and you’ll get the money.”

Fine, so where is the guy issued this cheque? It took around 10 to 15 minutes to figure that out. First we went to the cashier of IISc, who directed us to the society. After a long walk, I asked the guy at the reception, where to find the one, who has this signature on the cheque (We had forgotten the name already) and we found the check issuer finally.
He directed the check to a lady who directed it to someone else and again it has been forwarded to the last person, who was told to cross the stamp, to write “cancelled” beside the crossing and put the stamp of the society below that. What did he do? He wrote beside the “A/c payee only”-stamp: “Crossing cancelled” without actually crossing the stamp.

Let’s see what the bank will say tomorrow…

[Update:] I went to the bank today and got the money. Unfortunately the bank ran out of Rs500 and Rs1000 notes, so that I have 200 Rs100 notes in my drawer right now. The height of the pack is around 2cm :-D



One Response to “checks and bank accounts”

  1. Sanket Bhatia Says:

    hehe, I stumbled on ur page through orkut…I love the incident at the bank! The famed Indian bureaucracy at work! :)

    [REPLY]

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