Content Provider | Supreme Court of India |
---|---|
e-ISSN | 30484839 |
Language | English |
Access Restriction | NDLI |
Subject Keyword | Banks/Banking |
Content Type | Text |
Resource Type | Law Order |
Jurisdiction | India |
Case Type | Appeal |
Court | Supreme Court of India |
Disposal Nature | Appeal Dismissed |
Headnote | Banks/Banking:Bank-Charging Rs. 50 for issuance of MICR cheques-Customerchallenging before consumer forums the action of the Bank as unilateral andwithout consent and against directives of RBI-District forum and StateCommission holding against the Bank-But the National Commission holdingin favour of the Bank-Held, introduction of MICR cheques facilitates theclearance of cheques and avoids unduly long time consuming process in chequeclearance-For such small charges necessitated due to general modernisationof Bank's .functioning and services, the question of its being unilateral doesnot arise nor the question of consent of each customer-The relevant documentsindicate that there was no instruction at all by RBI saying that the Bankswould not be charging any amount for issuing MICR cheques to their customersor for better services rendered for clearance of cheques by introducing anymodern and new methods-Order passed by National· Commission settingaside the orders of District Forum and State Commission calls for nointerference. |
Judge | N/A |
Neutral Citation | 2003 INSC 71 |
Petitioner | Archana M. Kamath |
Respondent | Canara Bank And Anr. |
SCR | [2003] 1 S.C.R. 971 |
Judgement Date | 2003-02-06 |
Case Number | 14562-14563 |
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