(1) When imposing a financial penalty or punishment in accordance with Section 99 and Section 100, the bank shall adopt the following procedure: (a) Before imposing the proposed punishment, the bank shall submit a written explanation of the proposed fine or punishment to the accused organization or person with a deadline of fifteen days, mentioning the following points. Notice must be given:- (1) Nature of the offence, (2) Amount of fine or proposed punishment according to the nature of the offence, and (3) Brief description of the offence. In this regard, a written response must be sent within fifteen days. (c) If the accused organization or person disagrees with the offense, the bank may amend, limit or cancel such accusation if it is reasonable. (d) If the accused organization or person agrees to the offense. or if a satisfactory response cannot be given, the bank will impose such fine or punishment. (e) The bank may issue an order to deduct the fine imposed as per clause (3) from the account kept by the concerned commercial bank or financial institution. (2) of sub-section (1). The cash penalty received by the bank under clause (e) shall be deposited in the general reserve fund. (3) Notwithstanding anything contained in sub-section (1), clauses (a), (b), (c) and (b) of sub-section (1) of section 100 (d) and clauses (a) and (b) of sub-section (2) shall not be subject to any procedure.