https://www.taxtmi.com/article/detailed?id=789 Banks and customers must treat cheques as negotiable instruments requiring clear, unaltered presentation; prohibiting alterations to payee name, amount in figures, and amount in words is now a controlling operational rule, with only limited date validation permitted. Where such alterations appear, clearing teams are authorised to return the instrument rather than effect payment, and banks may hold a cheque to verify authenticity or seek confirmation from the account holder. en-us Wed, 19 May 2010 00:00:00 +0530 Wed, 19 May 2010 10:36:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=789 Banks and customers must treat cheques as negotiable instruments requiring clear, unaltered presentation; prohibiting alterations to payee name, amount in figures, and amount in words is now a controlling operational rule, with only limited date validation permitted. Where such alterations appear, clearing teams are authorised to return the instrument rather than effect payment, and banks may hold a cheque to verify authenticity or seek confirmation from the account holder. Articles Other Topics Wed, 19 May 2010 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=789