What is the maximum limit of cheque?
- What is the maximum limit of cheque?
As per the RBI guidelines issued last year, banks can enable this facility for all account holders for cheque amounts of Rs 50,000 and above at the discretion of the account holder. However, banks may consider making it mandatory for cheques of above Rs 5 lakh.
- Which is better cheque or NEFT?
RTGS/NEFT is even more authentic than cheque / DD.