top button
Flag Notify
    Connect to us
      Site Registration

Site Registration

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

+1 vote
231 views

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

Looking for an answer?  Promote on:
Facebook Share Button Twitter Share Button LinkedIn Share Button
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

...