NO ALTERATION IN CHEQUES AFTER 1st JULY, 2010
RBI has issued RBI Circular No. “ DPSS.CO.CHD. No. 1832/01.07.05/ 2009-10 dated 22nd February 2010 by virtue of which Banks are supposed to prohibit alterations / corrections on the cheque leaf.
Prohibiting alterations / corrections on cheques : No changes / corrections should be carried out on the cheques.
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