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Sending Remittances- Unprocessed Currency
Respected sir/madam,
Sir, It has come to my notice two instances like this. This Bank sends Remittances with Unprocessed Currency-Security Fund, through the Hand in Agents.After getting Customs Clearance, the hand in Agent will call at our Residence. The Box will be opened in our presence. But to the suprise of Hand in Agent and the beneficiary, the Bottle said to contain the Chemical to process the Fund duly well packed/wrapped with Cotton and Brown Tape, will be borken. He will process few,say five Currency Notes, with the residual liquid in the cotton and lefts for Mumbai to get another Bottle. After wards the Beneficiary will receive the message that the Bottle of Chemical costs $.100,000. Do not know why this Bank is doing like this? The Bank says that their responsibility is siezed by sending the Remittance Box. With out acknowledgement from the Beneficiary, how the Bank\\s responsibility siezes? Is it not incumbant on the Bank that the Processed Currency is being received by Beneficiary. Some action has to taken in this regard to safe guard the Beneficiaries.
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