Thursday 26 November 2009

Banks are instructed to accept cheques written in regional languages

Banks are instructed to accept cheques written in regional languages

Reserve Bank of India (RBI) vide its Master Circular dated July 1, 2009 has advised all Scheduled Commercial Banks (excluding Regional Rural Banks) that all cheque forms would be printed in Hindi and English. The customer may, however, write cheques in Hindi, English or in the concerned regional language.

This information was given by Minister of State for Finance, Shri Namo Narain Meena in written reply to a question raised in Rajya Sabha today.

No comments:

"A journey of a thousand miles begins with a single step."