How long does it take for a cheque to clear in syndicate bank?
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This collection policy of the Bank is a reflection of our on-going efforts to provide better service to
our customers and set higher standards for performance. The policy is based on principles of
transparency and fairness in the treatment of customers. The bank is committed to increased use
of technology to provide quick collection services to its customers.
This policy covers the following aspects:
❖ Collection of cheques and other instruments payable locally, at centers within India and
abroad.
❖ Our commitment regarding time norms for collection of instruments.
❖ Payment of interest in cases where the time norms for realization of proceeds of outstation
instruments could not be met.
❖ Dealing with collection instruments lost in transit
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