Inter-Bank Cheque Clearing
Inter-Bank Cheque Clearing or Cheque Truncation System (CTS) is an online system for interbank cheque transfer.
Customers should have a Bank account with Bank of Bhutan.
Customers with other Banks cheque (BNBL, TBank, BDBL, DPNB) visits BoB Branch offices.
Customer presents the cheque/ Bankers Cheque to the designated counter.
The Counter official verifies the Cheque upon which it is scanned and uploaded in the CTS.
DEPOSIT TIME FRAME
If the cheque is deposited before 11.30 am on Weekdays, it will be credited the next working day.
CHEQUE RETURN CHARGES INTER BANK
|a||Presentment of cheque||No charge|
|b||Cheque returned for insufficient funds||Nu. 300 plus 10% of the cheque value Nu. 300 plus 10 % of the cheque value if the same cheque is presented for the second time within six (6) months from the date of issue of the cheque. Nu. 500 plus 10%of the cheque value if the same cheque is presented for the third time within six(6) months from the date of issue. The cheque facility for the account holder shall be disabled after third offence by the bank for three (3) years.|