Realizable Securities Part2 (Advances General Information)

14 May 2014

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Realizable Securities Part1 (Advances General Information)
Realizable Securities Part3 (Advances General Information)
Realizable Securities Part4 (Advances General Information)
Realizable Securities Part5 (Advances General Information)

Advances against government and other trustee securities.

1. The Manager/Officer should ascertain.
2. That the previous endorsements are in order and the chain of endorsements is unbroken. 
3. That the margin as prescribed in the sanction has been maintained. 
4. That the drawing power is properly calculated having regard to the market price of the security and is revised from time to time.
5. That the Government securities accepted have been got examined by the Public Debt Office and are found in order. 
6. That the due dates of interest payment on the securities are diarised and interest is collected on the due dated for credit to the loan account till the loan account is fully liquidated. 
7. That the rate of interest is charged on such accounts as per central office instructions. 
8. That the scrips are not damaged or mutilated or fake or duplicate. That in case of advance against National Savings Certificates the certificates have been got transferred in the bank’s name.

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