CHEQUES AT PAR
This query is : Resolved
25 February 2010
I come to know that all cheque are now becoming at par cheques subject to with MICR code and any where banking facility.
Am I right or wrong
Am I right or wrong
25 February 2010
You are right, but to collect more revenue, banks are still charging outstation clearing charges.
There is no RBI circular in this regard till date.
There is no RBI circular in this regard till date.
25 February 2010
At PAR cheques can be encashed with out clearing charges at the specified places
26 February 2010
The query is not of clearing charges. How many time bank should take to clear such cheques. 2-3 days or 10-15 days
26 February 2010
At par cheques can be cleared on the same day if presented before the settlement time. Otherwise, next day.
Outstation cheques can take any period ranging from 2-10 days depending on the connectivity the banks have amongst themselves and the distance the cheque has to travel.
Outstation cheques can take any period ranging from 2-10 days depending on the connectivity the banks have amongst themselves and the distance the cheque has to travel.
26 February 2010
when all outstation cheques become at pat why it will take upto 10 days in clearing
26 February 2010
The at par cheque is linked with the account number which has pan india settlement approval. Whereas, if the bank account is maintained without the at par facility, then for settlement, the cheque has to travel back to the drawer's location. Hence, it can take time upto 10 days.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Treatment of Pension ?annuity returns on PMVY
- Last year TDS Claim
- Long Term Service award taxability in hands of company
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- STCG FOR GOLD ETFs
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
