To safeguard the cash of customers, irrespective of set guidelines by RBI, city’s prime banks have started awareness drive against misuse of bank accounts, cheques and cash withdrawals.
Bank of India has emailed all employees to check verification of the personnel in case of self cheque cash withdrawal. On the other hand, Karnataka Bank has asked IDs for withdrawal of Rs. 20,000 and more.
Other banks including Canara Bank, PNB, Syndicate, SBI, BoB, Mahila Samriddhi Bank, IDBI, Union Bank, CBI, SBBJ, The Udaipur Urban Co-operative Bank, Indian Bank and Bank of Maharashtra have started asking for IDs and verification during cash withdrawal.