Cheque submition

RC Gayatri (Querist) 28 April 2014 This query is : Resolved
Dear Sir,

I gave some money to my friend as hand loan and took a cheque from him which I can submit it to bank at later stages.

Now my friend is returning that amount and when I approached bank to submit that cheque given by him they were telling that its not CTS cheque.

What should I do now ? My friend is flying to America in few more days.

Could you please suggest me on this clearly.

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ajay sethi (Expert) 28 April 2014
ask your friend to give new cheque that is CTS compliant

Rajendra K Goyal (Expert) 28 April 2014
Your friend can give another cheque or can credit the amount in your account through ECS.

Prithvi Raj Sikka (Expert) 29 April 2014
Ask your friend to issue another cheque or ask him to deposit in your account.

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