Refer to drawer definition

Refer to drawer means that clarifi cations have to be sought from the person who issued the cheque. The reasons may vary from case to case, such as insuffi cient funds in the drawer's account. In such cases, you will have to liaise with the drawer as to the next course of action.
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Examples of Refer to drawer in a sentence

  • Refer to drawer (R/D) chequesR/D cheques refer to dishonoured cheques.

  • Wrong domiciliation, negotiate direct, if presented in a branch other than the branch where the account is domiciled without arrangement to cash cheque elsewhere.(c) Legal bar towards payment(i) Payment stopped or payment countermanded.(ii) Drawer deceased.(iii) Refer to drawer (for drawer in bankruptcy or of unsound mind),(iv) Refer to drawer (in case of garnishee order).(d) Other reasons(i) Account closed(ii) No account (most unlikely or how would he have a cheque!)(iii) Account transferred to ...

  • Future cheques from persons whose cheques were returned by the bank endorsed "Refer to drawer", should only be accepted when such a person tenders a bank guaranteed cheque - i.e. a cheque endorsed by the drawer's bank to the effect that funds are available.

  • Possible reasons: Refer to drawer / Post-dated / Insufficient fund Unpresented Cheques They have not been presented to the bank for money.Stale cheques are cheques not presented for more than six months from the date of issue.

  • Refer to drawer – the recipient of the cheque (the payee) should ask the person issuing the cheque why it has not been paid.

  • Sigma profile and sigma potentials of plastics To understand the polarity and reactivity of plastic molecules, sigma (σ)-potentials of the isolated plastic molecules were cal- culated using the COSMO-RS model.

  • State of Gujarat3, the Apex Court held that “the prosecution for the offence under Section 138 of the N.I. Act is permissible even if the cheque is returned for any reason like – Refer to drawer, Account closed, Signature differs, Stop payment instructions”, as such the said finding is not correct.

  • Arua – Drawee Ajio Daphione – Payee9178922134 Drawer’s A/C No.3437 Cheque No. TERMS USED ON DISONORED CHEQUESa) R/D: Refer to drawer: This is an instruction by the bank to payee to contact the drawer of a cheque for some reasons eg when there is an error on the cheque, signature differs, stale cheques or postdate cheque etc.b) No sufficient fund (NSF).

Related to Refer to drawer

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