Also Read: All You Need To Know About Cash Deposit Slip How to write a cancelled cheque? Cancelling a cheque is critical because cheques can be easily misused. Before submitting a cheque for a specific purpose, the following steps should be followed: Step 1: Take a new cheque from your ...
Local Cheques– All Local Cheques must be cleared on a T+1 basis. i.e., If I Deposit a local cheque into my bank account today (irrespective of which bank the cheque is drawn or deposited) the funds must reach my account by End-Of-Day Tomorrow. Of course, this is only if the d...