a) All cheques or other orders for payment of whatever nature are accepted for deposit for collection at the risk of the customer. Where any cheque or order is unpaid for any reason whatsoever (including but not limited to physical loss) other than the Bank’s negligence, the Bank may debit the customer with the amount previously credited (taking into account any exchange fluctuation where relevant) in respect of that cheque or order, together with interest since the date of crediting if the account thereby is overdrawn.

b) All cheques or other orders for payment of whatever nature are accepted for deposit for collection at the risk of the customer. Where any cheque or order is unpaid for any reason whatsoever (including but not limited to physical loss) other than the Bank’s negligence, the Bank may debit the customer with the amount previously credited (taking into account any exchange fluctuation where relevant) in respect of that cheque or order, together with interest since the date of crediting if the account thereby is overdrawn.

c) Where cheques, other negotiable instruments of commercial documents are deposited for the credit of the account, whether or not payable at or by the Bank, the amount of such deposits shall be available for withdrawal only when actually collected by the Bank.

d) Although immediate credit may have been given for cheques received for collection through clearing, they are not available for drawing against until the relative cheques are realized.

In case such, Credits are allowed to be drawn against, it is not being constructed that the relative cheques have been honoured. The Bank reserves the right to debit the Customer’s account or in any other way recover the amount incase cheques are returned unpaid.

e) Notwithstanding the provisions- of Clause 5 herein any money credited to the Customer in error must be repaid on demand.