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Thursday, 30th October 2014  
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Askari Rupee Traveler Cheques
Askari Bank Limited has always remained at forefront in introducing innovative and unique products in banking sector. Our financial instruments provide greater financial freedom and security in an unmatched way to our valued customers. Askari Bank offers you its "Rupee Traveler Cheques" eliminating all financial risks while traveling. So avoid risk of carrying cash through Askari Bank's Rupee Traveler Cheques


RUPEE TRAVELERS CHEQUES
Features Details
Product Type  
Eligibility: Any Literate individual customer (Account is not mandatory).
Denominations Rs. 10,000/-.
Validity Until encashed.

Processing

Issuance
Desirous customer will submit the Application Form (duly filled/ signed) in any branch of Askari Bank Limited.
After verification, branch will forward the form to Investment Products Unit.
IPU will keep the record of the customer and system will automatically update that customer’s transaction.

Encashment
Original purchaser will approach the nearest branch.
Purchaser will sign RTC on the face and branch will verify his signatures with the signature mentioned on CNIC before encashment of the same.

Charges

Refund processing charges are Rs. 1,000/- and Issuance/Encashment are free.
Commission Rs. 30  per RTC on holding the same for 30 days or more.
With Holding Tax 0.3% on Issuance & Encashment in excess of Rs. 25,000/-
Documentation

For Issuance/ Encashment
1. Original CNIC.

For Refund
1. Attested Copy of CNIC.
2. Application from original purchaser.
3. Purchase agreement (Form RTC 1).
4. Refund Application (Form 2-A).
5. Indemnity & Guarantee (Form 2B).
6. Lost Report Schedule (Form 2-C).
7. Voucher Copy for reissuance processing fee.
8. Copy of FIR( if lost amount is Rs. 50,000/- and above).

   
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