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Will cheque be cleared in India the cheque amount is exactly same as deposit in the account?

+1 vote

If a cheque is of Rs45000/- and the account of which cheque is has balance Rs 45000/-.
Will this cheque be cleared or returned?

posted Dec 12, 2017 by Padambhushan Gathiya

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Should be cleared without any issue, however if the person who issued the cheque need to maintain the average quarterly balance as per his account need.
But after clearance ac balance become zero
Yes that's true
Does RBI has specific rules regarding these
I am not sure at RBI rule

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