Saturday, May 22, 2010

Only Date Can Be Altered in Cheques.


No changes / corrections should be carried out on the cheques (other than for date, if required) effective from July1, 2010.

  • For any change in the payee’s name, amount in figures or amount in words, etc., fresh cheque should be used by customers.
  • This would help banks to identify and control fraudulent alterations.

Banks can return cheques which have any alteration in the:
- Payee Name
- Amount in numbers
- Amount in words

The only alteration which is allowed is the alteration in the date.

Source: RBI Circular - DPSS.CO.CHD.No. 1832/01.07.05/2009-10 dated 22nd February2010 regarding "Prohibiting alterations / corrections on cheques.

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