exchange of cash or its equialent against cheque
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What is prefix in cheque means
A cheque is a negotiable instrument that can be issued by one person to pay money to another person/entity. The person to whom the cheque is issued is entitled to receive the sum mentioned in the cheque (provided the account has sufficient balance) from the bank where the cheque issuer holds his account.
Currently in India (As of 2013), all cheques are valid for a period of 3 months only. This rule is irrespective of the bank whose cheque is being used. So, a UCO bank cheque, an ICICI Bank cheque and an HDFC Bank cheque, all of them are valid only for 3 months from the date of issue.
My outstation cheque worth of Rs 40748-/- How many clearance charges there of and How much time to clear a outsation cheque of SBI i.e from Bardoli to Navsari
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