Shayan Khan (B.com) 21 October 2010
NO ALTERATION IN CHEQUES AFTER 1st JULY, 2010
RBI has issued RBI Circular No. “ DPSS.CO.CHD. No. 1832/01.07.05/ 2009-10 dated 22nd February 2010 by virtue of which Banks are supposed to prohibit alterations / corrections on the cheque leaf.
Prohibiting alterations / corrections on cheques : No changes / corrections should be carried out on the cheques
J. P. Shah (RTI & CONSUMER ACTIVIST) 21 October 2010
It has been extended to 01-12-2010.
Shayan Khan (B.com) 21 October 2010
can u please forward me the source of your information?
Thank You!
Hemant Agarwal (ha21@rediffmail.com Mumbai : 9820174108) 21 October 2010
You may also refer section 87 of the Negotiable Instruments Act for issue concerning "material alteration" of cheque.
Check out the RBI website and locate the RBI circular, which itself is self-explaintory:
RBI has issued RBI Circular No. “ DPSS.CO.CHD. No. 1832/01.07.05/ 2009-10 dated 22nd February 2010
Keep Smiling .... Hemant Agarwal
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