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The bank cannot do that. Any customer of the bank who wants to deposit a bank draft into their account can do that. A bank cannot refuse to accept a customer's draft for deposit. You have the right to deposit it with any bank that you have an account with (unless it is a fake draft).

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Q: Why wont a bank accept a bankdraft back from one of teir customers?
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Related questions

What is bank teller?

A Bank Teller is the person whom you can see sitting at the counter in the bank. He/she is responsible for attending to customer requests like cash deposits, cash withdrawals etc. customers approach a teller and then submit their request. the Teller will accept the cash and credit it into the customers account or debit the customers account and dispense cash etc.


Is yes bank an foreign bank?

No. YES Bank is a scheduled commercial bank that is allowed to provide banking services to the citizens of India. They can also accept fixed deposits from customers and pay interest on it. It is a private bank that is not owned by the government of India.


Is yes bank a commercial bank?

Yes. YES Bank is a scheduled commercial bank that is allowed to provide banking services to the citizens of India. They can also accept fixed deposits from customers and pay interest on it. It is a private bank that is not owned by the government of India.


Why central bank does not accept deposit of the customer?

Central banks are the regulator or supervisors of banking operations in a country. Individuals cannot have bank accounts with them. Only banks that are authorized to provide banking services in the country are allowed to have accounts with the central banks. Since they are not a regular commercial bank, they don't accept deposits from customers.


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