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Overview:

Call Deposit Receipts (CDRs) are generally issued in favour of institutions on behalf of contractors or service providers etc, against account transfer or cash.

Salient Features:

  • This facility will be extended to the customers with accounts of active status.
  • Walk-in customers can also purchase Call Deposit Receipt (up to the limit as prescribed from time to time).
  • Standard charges will be applicable on issuance of CDR in accordance with Schedule of Charges.
  • CDR can be refunded only at the issuing branch

  • Before applying for the issuance of CDR, please ensure provision of the following requirements:
Customer Status Requirements
ABL Customers Cheque and standard application form

 

Note: CDR can also be issued through Biometric Authentication for Individual Account Holders (Single) and Sole Proprietors with an LCY Account.

 

 
Walk-in Customers Standard Application Form and copy of

Identity Document

 

· Visit your Parent Branch with a cheque, or any ABL Branch with cash, and complete the application form for the issuance of CDR.

  • In case of cheque, make sure:

·      The cheque is in favour of ABL

·      Amount mentioned on the cheque and application form is same

·      Signature on the cheque and application form is same

·      Amount in words and figures is same

·      Cheque is neither post-dated nor stale

·      There is no cutting or overwriting on the cheque or application form

Benefits:

  • Accepted by public and private institutions
  • Helps meet tender/bid requirements efficiently
  •  A secure and traceable form of earnest money deposit

Allied Banker’s Cheque (ABC) replaces traditional payment instruments like Demand Drafts and Pay Orders. This instrument provides added assurance as it’s unlikely to be returned unpaid due to lack of funds.

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