The
new rule come into force because that some unscrupulous people were
circulating the cheques as cash for close to six months, thereby
creating a tradeable instrument which was never intended under the RBI
rules
Banking
circles said the move could lead to some practical problems for
individuals, particularly if they were not aware of the new rule that
would come into effect next year. “People should not only present their
cheque in time, but also ensure that if they are receiving a cheque from
a company for a service rendered, the date should be checked,” a banker
said.
No comments:
Post a Comment
Hmmmmm... what are you thinking? Do not forget to comment,It helps us to improve this blog and help us to make better. on