What is prefix in cheque means
A check that is older than 90 days (or 180 days depending on the Country) is considered a stale or expired check. It is worthless and carries no value. You cannot cash such a check. Since the check is expired, the check issuing bank will not pay for it.
Yes - If you have your bank passbook and cheque book (or just the cheque book) you can withdraw money from any branch of SBI. If you don't have these, then the bank would not accept your request for money withdrawal. If you have only your passbook, you can try but the bank is mandated to accept your request.
Currently in india, the validity of cheques is 3 months from the date mentioned on the cheque. Any cheque that is older than 3 months is considered a stale or invalid cheque and is worthless. For ex: If I give you a cheque on 1st of May 2013, it will be valid till 31st of July 2013. If you do not cash the cheque before 31st July 2013, the cheque is worthless. Even if you manage to deposit the cheque in your bank, it will come back with no money.
No. Bank Cheques are valid only for 90 days to 180 days (Depending on the Country) from the date of issue. Since 1998 is nearly 12 years before from now (2011) there is no way any bank would honor the cheque. It is considered a Stale or Expired cheque and has no monetary value.
What is prefix in cheque means
A stale cheque is a term used to refer to a cheque that is old and expired. Such cheques are totally worthless. Cheques usually have a validity period after which they are considered expired or stale. In india the validity is 3 months and in most countries around the globe it is between 3 to 6 months. If I give you a cheque on 1st of May 2013 the cheque will be valid till 31st July 2013 and starting 1st August 2013, the cheque will be considered stale. If you try to cash that cheque, you will not get any money.
What is prefix in cheque means
The only reason why a cheque may become stale is: The cheque was issued to you in the past and you have not yet deposited it for cashing it. Any cheque that is older than 180 days is considered stale. If you deposit a stale cheque - the bank will not release the funds
Actually nothing. It is the responsibility of the person who received the cheque to deposit and encash it before the cheque becomes stale dated.
An unpresented cheque is one that hasnt been presented for payment yet. A stale cheque is one that has expired.
The prefix on an SBI cheque typically refers to the first few characters that identify the specific branch of State Bank of India where the account is held. This information helps in routing the cheque correctly for processing.
My outstation cheque worth of Rs 40748-/- How many clearance charges there of and How much time to clear a outsation cheque of SBI i.e from Bardoli to Navsari
Sbi a/c commercial tax
In the UK, a cheque is typically valid for 6 months from the date it was issued. After this period, the cheque may be considered stale-dated, and the bank may refuse to honor it. It is important to cash or deposit a cheque within this timeframe to avoid any issues with processing or acceptance by the bank.
Service tax is paid in Bank and the cheque in favour of the respective bank & ending with the word " service tax"For Eg: Payment of Service tax paid in SBI then the Cheque in favour of "SBI a/c Service Tax".RegardsP.D.Sankar Narayanan.Chennai+91 98402 56829
A Post Dated Cheque is one that has a date in future. A Stale Cheque is one in which the date is in the Past. Usually cheques have a validity of around 90 to 120 days. So, lets say someone gave you a cheque in March 2011 and you have still not cashed it, it is a stale dated cheque. Similarly if I give you a cheque with date as 10-May-2012 today (on 14 Jan 2012) it would be a Post dated cheque. In this case, the cheque is valid only on or after 10th May 2012. Until then, it is just a piece of paper and is worthless