DRT MATTERS
1. The normal cut off limit to file an application in DRT shall be Rs. 10 lakhs and above
2. Where the cases before Debt Recovery Tribunal are decided, Tribunal awards Certificate of
Recovery (RC – Recovery Certificate).
3. The appeal on a DRT judgment is to be filed at Appellate Tribunal at respective centres
4. Whether already decreed accounts in various courts can be transferred to DRT YES, Where E P
amount reaches Rs. 10 Lakhs & above
5. Cases before DRT are presented by- Empanelled Advcoate

6. An appeal against the decision of DRT can be filed by customers - Before appellate tribunal (DRAT)
7. Time limit for filing application with DRT for Recovery Certificate in respect of civil court decrees
passed for less than Rs.10 lakhs 3 years from the date when the decretal amount accrues to Rs. 10
lakhs
GENERAL ASPECTS
1. Garnishee order is issued by: Any competent court
2. An income tax attachment order has been received in the name of Mr. Mishra who has an FDR
with your branch. The FDR has already matured for payment. Before payment to IT authorities -The
bank need not insist on production of FDR
3. A banker owes to his customer certain duties as implied contract out of which the most important
duty is - Duty of secrecy
4. Under Bankers Book Evidence Act, 1891 certified copies of banks books are admissible as
evidence in the court.
5. Bank A requests the Bank B for opinion on one of its customers. Bank B Will give information in
general terms disclaiming any responsibility
6. The person attesting the thumb impression/furnishes the attestation in Form No.821 must know
the language in which the loan documents are executed
7. Following documents need not be witnessed Agreement, hypothecation, Pledge etc
8. Which of the following documents need attestation? Mortgage Deed, Sale Deed, Will, Indemnity
Bond etc
9. When an advance is made to a Joint Hindu Family, the Loan documents are to be Signed by Only
the Kartha. However it is advisable to get it signed by all major members including female members
and minors to be represented by respective natural guardians.
10. Registration of documents is compulsory under Section 17 of the Registration Act in the case of
Gift, Sale Deed, Simple Mortgage etc
11. Payment of a cheque is complete: When cash is parted with
12. The Registration of a Will is: Optional

13. Average Clause ― in the insurance policy restricts the amount of claim in proportion to amount
of insurance and value of security.
14. Following documents can be treated as legally valid only originally typed copy of loan agreement
(not on copy/ carbon copy)
15. Legally, Bank is in order if part of the blank columns in the loan papers are filled up subsequent
to execution, if The executants put their signature authorising such filling up, after filling up
16. Stop payment instructions can be issued by Drawer
17. When cheques or bills of exchange are collected by the bank on behalf of its customer, the
relationship between them is that of A principal and an agent
18. What is the alternative if presenter of a cheque refuses to sign on its reverse? Money can be paid
after obtaining receipt on separate paper
19. A corporate customer requests the bank for returning to them the cheques drawn by them and
already paid by the bank - The cheques can be returned periodically after retaining the true copies
on record. The cost to be borne by the customer
20. Can the original cheques be returned to the drawer after payment?
YES, the bank can return the paid cheques if requested within the period for which bank is required
to preserve them
21. The banker and purchaser of a demand draft have a relationship of Seller and purchaser
22. The Banker can disclose information about the customer - When the customer expressly or
impliedly permits disclosure/when the Banker is compelled by law/when the Banks own interest is to
be protected.
23. In case of telegraphic transfer (RTGS/NEFT) of funds the relationship between the banker and
the remitter is that of Principal and agent
24. Collection of supply bills is undertaken by banks on the strength of Power of Attorney given by
supplier in favour of bank
25. Presentment of the bills received for collection to the drawees is done at - The address
mentioned in the bill/hundi
26. Whether protection is available to the bank for collection of inward bills received by it Under N I
Act NO
27. Banks keep cash in currency chest as a bailee
28. Supply bills are Not accompanied by Document of Title to Goods, are actionable claims and not
governed by N I Act
29. A suit against a common carrier for loss of or injury to goods entrusted to him for carriage
cannot be filed - Unless a written notice of such a loss is given within 6 months from the date of
notice of loss before institution of suit
30. Whether partner‘ s interest in a firm can be attached before judgment YES
31. The time limit for impleading legal heirs in a pending suit is 90 days from the notice of the date
of death
32. The Stop-Payment Instruction given by one of the two joint account holders can be lifted by:
Both of them jointly
33. The periodical interest payable on such deposits should be credited... Credited to respective loan
account, if any loan is a sanctioned against it.
34. With in how many days the rectification and compliance report of shortcomings pointed by
Labour enforcement officials during their inspection under Payment of Gratuity Act, 1972, Equal
Remuneration Act, 1976 and Payment of Bonus Act, 1965 should be sent to Deputy Chief Labour
Commissioner/Regional Labour Commissioner and Labour Enforcement Officer -Within 2 days by
Regd Post