Cheques containing fractions of Re not be rejected
July 22nd, 2013 by CHEQUEMAN
Cheques containing fractions of Re not be rejected: Reserve Bank of India If your bank has been refusing to accept cheques for amounts that include fraction of a rupee, it’s against the rules and the bank should be penalized. In an internal circular issued earlier, the Reserve Bank of India (RBI) had warned that banks which refuse […]