FUNDS TRANSFER - BANKING

Follow new banking rules for High Value Cheque other wise your chaeue may get bounced.

See as under:

"The Reserve Bank of India (RBI) has decided to implement ‘Positive Pay’ system to enhance the safety of cheque-based transactions. This new rule will come into effect from toda, 1 January 2021. Under the 'Positive pay system' for cheque re-confirmation of key details may be needed for payments beyond ₹50,000. The announcement of the same was made by RBI Governor Shaktikanta Das on 6 August 2020".

If it is white amount there will be no worry.