Saturday, March 30, 2013

Old Cheque : RBI extends deadline for four more month.

RBI extends deadline for issuance of new format cheques.

RBI asked banks to issue new cheque books only under the new format and gave them time till July-end to withdraw the old format cheques.

All cheques currently with customers in the old format (non-Cheque Truncation System) will continue to be valid for another four months (the earlier deadline was March 31), the apex bank said.

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