Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Cheque micr not proper - bank not accepting

Querist : Anonymous (Querist) 09 November 2011 This query is : Resolved 
I have small kirana shop. After a very quarrel and efforts somehow I have received a cheque from a party who had make payment to me. when i went to bank for encashment, the bank officials stating that MICR number is wrong and we cannot entertain this chque.. i understand that MICR number is just beside the cheque number which is 000025000.. now what to do? i again obtaining cheque from party is difficult task..
M.Sheik Mohammed Ali (Expert) 09 November 2011
you ask the concern bank what is the procedure to get micr number, they will guide.
Raj Kumar Makkad (Expert) 09 November 2011
There is no relation of MICR no. with the account-holder rather it is totally related issuer bank. So go to the bank branch where in the account of your client is maintained and get proper MICR.
prabhakar singh (Expert) 09 November 2011
I AGREE WITH MAKKAD.
Piyush Vaishnava (Expert) 09 November 2011
ya i too agree.
Guest (Expert) 10 November 2011
correctly advised.
Kirti Kar Tripathi (Expert) 10 November 2011
I also of the same vie as Mr. Makkar expressed
Prasan (Expert) 10 November 2011
I agree with Mr.Makkad.


You need to be the querist or approved LAWyersclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :