Tuesday 16 March 2010
CUTTING-ALTERATION-CORRECTION ON CHEQUE NOT ALLOWED-RBI
Recently RBI(Reserve Bank of India) has issued a notification .In this Notification RBI has released some new features to be added in Cheque leafs in 2010.Further RBI has also directed that there should be no cutting/correction/alteration in amount in Figures ,Amount in words ,or in Payee name or any where else on the cheque except on date and that is only for date validation(extension of cheque date) purpose.And if there is cutting /alteration in cheque other than date extension then cheque will be of no use.Customer has to issue fresh cheque if there is cutting in figure,words,payee name or bank account.
Subscribe to:
Post Comments (Atom)
-
Your credit information report (CIR) contains details of your credit history and track record in taking and repaying loans from banks and fi...
-
The budget 2020 saw the finance minister Nirmala Sitraman announce a new tax regime with more tax slabs and lower tax rates. This was long...
-
Reverse charge mechanism law with respect to goods or services or both received from an unregistered person by a registered person was ...
No comments:
Post a Comment