Legal Question in Banking Law in India

in bearer cheque how much exceed value to show id proof


Asked on 1/26/16, 8:43 pm

1 Answer from Attorneys

Fca Prashant Chavan Expert Edge LLP

27.01.2016

Dear Sir / Madam,

A bearer cheque can be of any amount value and there is no such minimum value limit above which the Bank can request the bearer for ID proof.

Regards,

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Answered on 1/27/16, 4:15 am


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