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Mahesh   03 May 2022

Maximum amount on cheques and demand draft

Legally what is the maximum amount that can be written on cheques and demand draft ?


 4 Replies

Advocate Y.K. Mehrotra (Advocate)     03 May 2022

For cheques the balance you have in your account.

For Demand Draft the balance you have in your hand

1 Like

Gagandeep Goel (Advocate)     03 May 2022

There is no specified amount for the maximum amount of cheque or demand draft as per law

Str sundaram   04 May 2022

Advocate y.k mehrotra explanation is simply super

Advocate Y.K. Mehrotra (Advocate)     04 May 2022

Thank you Str sundaram sir for kind words.

You can connect with me at ykumarmehrotra@gmail.com or at 8130714043

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