UNCLEARED FUNDS. 5.1. Uncleared funds shown on the account will not be made available for withdrawal by the Customer. In the event that there has been any amount credited or debited against uncleared funds, the Bank reserves the right to debit the Customer’s account in case the cheque is lost or returned unpaid. 5.2. Any such collections are undertaken at the sole risk of the Customer. The Bank will collect such cheques and transmit same as promptly as possible. Any delay arising out of this during transmission will be referred to the competent authority for action, and will attract no responsibility on our part for any action per law and the delay arising out of same.
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Sources: Corporate Accounts Terms & Conditions, Corporate Accounts Terms & Conditions, Corporate Accounts Terms & Conditions