Hello friend, If the outstation cheque is issued by the bank branch situated in state capital, maximum time limit for collection is 10 days. In case of other than state capital, maximum time limit is 14 days. In case of north eastern cities, it is 14 days, even of state capital. Beyond this stipulated time limit, bank will pay interest at the rate of 18% per annum.
With good wishes. S S Pathak e-mail [EMAIL PROTECTED] ----- Original Message ----- From: <[EMAIL PROTECTED]> To: <[email protected]> Sent: Wednesday, February 07, 2007 12:39 PM Subject: [AI] Help needed-cheque collection > Dear List, > > My firends from bank may help me sort out a problem by giving relevant > information on the matter. My query concerns about time alloted for > collection of outstation cheques. Secondly, if a branch is centralized > one, > can it encash a cheque undr local clearing despiste the original branch > being hundreds of miles away? Your answers on personal ID will be high > re. > > Regards, > > DNY > > > > > > To unsubscribe send a message to [EMAIL PROTECTED] > with the subject unsubscribe. > > To change your subscription to digest mode or make any other changes, > please visit the list home page at > http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in Send instant messages to your online friends http://in.messenger.yahoo.com To unsubscribe send a message to [EMAIL PROTECTED] with the subject unsubscribe. To change your subscription to digest mode or make any other changes, please visit the list home page at http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in
