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Q: What is minimum withdrawal amount by cheque in India?
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What is multicity cheques?

Usually Cheques issued by banks have a city associated with them. For ex: if I give you a cheque from my bank account in Chennai, India, and you want to deposit it in your account in Delhi, India, it is an outstation cheque and your bank will charge you a fee for cashing that cheque. Usually around Rs. 50/- If my bank has given me a multicity cheque - it means that when you deposit it in Delhi, your bank will not charge you this cheque cashing fee because my check is the same irrespective of which city in India it is cashed.


Can you deposit cheque in other branch of state bank of India?

Yes, you can. State bank of India accepts checks all over India.


What is the minimum salary of marine engineer in india-?

900000 Rupees is the minimum salary of a marine engineer in India.


What is the clearance time of a RBS cheque into a HSBC account?

It depends. If the RBS cheque is from a RBS bank account in India and deposited inside India in a HSBC Account, the clearance time is usually 3-5 working days. If the RBS cheque is from a RBS bank account from abroad and deposited inside India in a HSBC account, the clearance time is usually 3-4 weeks.


What were the consequences of Great Britain's withdrawal from India?

They got screwed.


How many months a cheque of uco bank is valid?

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.


What happens if you open an account but it has no money?

Some banks offer zero account balance accounts. In them you need not maintain any minimum balance to run the account. But in most cases each bank would have a minimum amount that needs to be maintained. For example in a Nationalized Bank in India where the account gives you features like cheque book, ATM card etc, the minimum balance is 1000 rupees. In case you fail to maintain the minimum balance then the bank has the rights to charge a penalty. This would be charged on a monthly basis based on the number of times your account has failed to maintain the min balance.


How long is a check good for before you cant cash it?

Currently in india, the validity of cheques is 3 months from the date mentioned on the cheque. Any cheque that is older than 3 months is considered a stale or invalid cheque and is worthless. For ex: If I give you a cheque on 1st of May 2013, it will be valid till 31st of July 2013. If you do not cash the cheque before 31st July 2013, the cheque is worthless. Even if you manage to deposit the cheque in your bank, it will come back with no money.


How much time to clear a outstation cheque by state bank of India?

three to four days


What is the difference between multi city check and bearer check?

Mulitcity cheque is more advanced than ordinary cheque as multicity cheque can be deposited and given to any where iin india and takes less time for clearacnes where as ordinary cheque takes more time and come to mother bank branch for clearances.


Which is the area of in India which consider as maximum forest area and minimum forest area in India?

Which is the area of in india which consider as maximum forest area and minimum forest area in india?


What Indian Govt. or legal official will take legal action against Dubai UAE unpaid returned bank cheque and what action willl be taken in India to Indian who is residing in India.?

Cheque bounce is a criminal offense in UAE and as well as in India. But when it comes to proceeding legal action against a UAE bank defaulter in India, he case depends on the nature of cirumstances. Whether it is a payment cheque or a security/guarantee cheque, because UAE banks indiscriminately / wantonly bounce a cheque when they find 3/4 instalments are unpaid by the defaulter. It is totally absurd on the part of the bank to present the cheque for the entire amount, when the defaulter is financially incapable of paying even the monthly instalment. In fact, the bank is the criminal because it wanted to present the cheque only to bounce it and get the defaulter arrested. When 3 or 4 instalments remain unpaid, the defaulter is seen by the bank as a "dreaded criminal" and efforts are on to jail him. The fact is - if the defauler is jailed, it will be an end of the road for him, he loses his job and his life. The bank too is not going to get back their money. So it is a lose-lose situation. Coming back to the question.... the bank in UAE cannot take any legal action against the defaulter in India bcoz