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banking issue

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(Querist)
06 March 2008 Is there any minimum limit for issuing Cheque? Can i issue a Cheque Worth Rs 2/-?
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MANAS ROUT

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MANAS ROUT (Expert)
06 March 2008 YES YOU CAN.
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CA Shailesh +91 9393926464

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CA Shailesh +91 9393926464 (Expert)
06 March 2008 What an interesting question. The answer to ur query is.



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YES, u Can!!

Thank God, I got the space to write the answer....Just Kidding:-)
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CA Saurabh Maheshwari

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CA Saurabh Maheshwari (Expert)
07 March 2008 YES YOU CAN
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R.V.RAO

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R.V.RAO (Expert)
07 March 2008 I WAS TOLD BY A FEW BANKS OF MINE (PUBLIC AND PRIVATE BANKS) WHERE I HAVE S.B. ACCOUNT ABOUT A PRACTICE THAT A CHEQUE FOR AN AMOUNT BELOW RS. FIVE CANNOT BE ISSUED.
BUT THIS IS MORE OF A GUIDELINE RATHER THAN A HARD LINE.
BUT OUT STATION CHEQUES IF WE ISSUE FOR RS 2, I AM AFRAID , THE COLLECTION CHARGES WILL BE HIGHER THAN RS. 2.
R.V.RAO
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CA. GOPAL SONIKA

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CA. GOPAL SONIKA (Expert)
07 March 2008 yes
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