High Value Cheque

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Follow Query Ask a Query

Prateek Biyani

Prateek Biyani (Querist)
Follow

17 December 2009 What do you mean by depositing check in high value ?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

17 December 2009 High Value cheque means cheque having value Rs.10 Lakhs and more it can be deposit in high value clearing in bank and it will clear the same day and credited in your account

Prateek Biyani

Prateek Biyani (Querist)
Follow

18 December 2009 Sir, please tell me what is the procedure to deposit any cheque in high value and is there any charges charged by the bank for this facility. plz reply.

Prateek Biyani

Prateek Biyani (Querist)
Follow

18 December 2009 Sir, please tell me what is the procedure to deposit any cheque in high value and is there any charges charged by the bank for this facility. plz reply.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

20 December 2009 Normal procedure only ,Every bank having the morning time limit for Accepting High value cheque deposit like. 10 or 10.30 A.M, You have to hand over the chq with challan to a person specifically sitting for collect the High value chque,Normally no Bank charges ( but it is based on Bank specefic)

Message likes : 2 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!