The payment date would still be the 'pay on' date written on the cheque, even if it's a non-banking day. The payee would need to deposit the cheque on the next working day.
Source: RPR Rule 17
The payment date would still be the 'pay on' date written on the cheque, even if it's a non-banking day. The payee would need to deposit the cheque on the next working day.
Source: RPR Rule 17
What happens if a cheque bounces? Is the original date of presentation still considered the date of payment?
Where can I find the 'prescribed form' for this declaration?
Is a photocopy of the cheque/DD sufficient as an acknowledgement?
What is the 'Scheme for Payment of Pensions to Central Government Civil Pensioners by Authorised Banks'?
If a cheque is lost in the mail, what is the date of payment?
This answer is for informational purposes only and does not constitute legal advice. Always refer to the original rules and consult competent authorities for official interpretation.