State Bank Of Hyderabad — Not endorsing counterfoil of a draft deposit voucher

Website:

www.sbhyd.com

Bank o[censored]kkunagaram brach, visakhapatnam is not acknowledging the draft deposit voucher. Instead they are asking to deposit the form in the check drop box along with the draft without any endorsement of the bank in the counterfoil of the voucher. As a customer i failed to understand how a financial transaction is taking place in the bank without acknowledgement of the banking staff. If the draft is lost due to any reason how the customer will approach the banking staff who has not signed in the counterfoil available with the customer. I donot understand wheather such practices are approved by RBI . If not it is a serious violation of approved banking practices.

Thanking you

Sarat kumar tripathy
[protected]