Return of paid instruments to customers
Section 45Z of the Banking Regulation Act, 1949 deals with return of paid instruments to customers. Where a banking company is required by its customer to return to him a paid instrument before the expiry of the period specified by rules made under section 45Y, the banking company shall not return the instrument except after making and keeping in its possession a true copy of all relevant parts of The Act came into force on 16 Mar 1949.
1[45Z. Return of paid instruments to customers.--(1) Where a banking company is required by its customer to return to him a paid instrument before the expiry of the period specified by rules made under section 45Y, the banking company shall not return the instrument except after making and keeping in its possession a true copy of all relevant parts of such instrument, such copy being made by a mechanical or other process which in itself ensures the accuracy of the copy.
(2) The banking company shall be entitled to recover from the customer the cost of making such copies of the instrument.
Explanation.--In this section, "customer" includes a Government department and a corporation incorporated by or under any law.]
Section 45Z, The Banking Regulation Act, 1949 (Act 10 of 1949).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
This section refers to
Questions about Section 45Z
What does Section 45Z of the Banking Regulation Act deal with?
Section 45Z of the Banking Regulation Act is headed "Return of paid instruments to customers". [45Z. Return of paid instruments to customers.--(1) Where a banking company is required by its customer to return to him a paid instrument before the expiry of the period specified by rules made under section 45Y, the banking company shall not return the instrument except after making and keeping in
How do I find court cases under Section 45Z of the Banking Regulation Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Banking Regulation Act 1949 45Z, section 45Z Banking Regulation Act 1949, section 45Z of the Banking Regulation Act. People searching for it also type banking regulation act 45za. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 45Z of the Banking Regulation Act, and has it changed?
Its own text turns on section 45Y (Power of Central Government to make rules for the preservation of records), so none of them can safely be read on its own.
When did Section 45Z of the Banking Regulation Act come into force?
Section 45Z of the Banking Regulation Act, cited as Banking Regulation Act 1949 45Z, came into force on 16 Mar 1949, having been enacted on 10 Mar 1949. It is in force as at the date shown on this page.
Other sections of this Act
- 56. Act to apply to co-operative societies subject to modifications5544 words
- 45. Power of Reserve Bank to apply to Central Government for suspension of business by a banking company and to prepare scheme of reconstitution or amalgamation2310 words
- 10B. Banking company to be managed by whole time chairman1171 words
- 5. Interpretation1164 words
- 43A. Preferential payments to depositors1031 words
- 11. Requirement as to minimum paid-up capital and reserves988 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 15 Oct 2026. This page is not a substitute for legal advice.