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Monday, November 12, 2012

Cheque Book issued by bank

Following information I am posting in the interest of Indian Citizens specially those who uses cheque book facility offered by Indian Banks:-

As per RBI guidelines, there have been certain changes made to the cheques issued by the Bank. However, these changes are available only in chequebooks issued after August 2011. If you have obtained the chequebook prior to this, the cheques will not be valid after March 31, 2013.

If the cheques you currently hold have the following features, they will be valid after the given date.

  • "Please sign above" is mentioned on cheque leaf on the lower right-hand side.
  • A wave like design is embossed on the left-hand side of Cheque leaf
Click here to see the new cheque format.

Additionally, any post-dated cheques issued by you and due after March 31, 2013 will need to be replaced by the fresh cheques meeting the above mentioned guidelines.