KartavyaDesk

Rule 17 - Cheque Payment Dates | KartavyaDesk

RPR

Original Rule Text

(a) bank's working day next to the date of the cheque, if the cheque is handed over to the payee or to the authorised messenger of the employee and it does not bear the superscription for payment on a specific date; (b) the specific date superscribed on the cheque, if the cheque is handed over to the payee or to the authorised messenger of the employee and the cheque bears superscription for payment on a specific date; and (c) the date on which the cover containing the cheque is put into the post or the specific date, if it bears superscription for payment on a specific date, whichever is later, as the case may be, if the cheque is posted to the payee in pursuance of a request for sending it by post.

What This Means

Rule 17 of the Receipt and Payment Rules deals with determining the 'date of payment' when using cheques. This is crucial for accounting purposes and ensuring timely transactions. Essentially, it clarifies when a payment is officially considered made, depending on how the cheque is delivered to the payee (the person or entity being paid). The rule distinguishes between cheques handed over directly and those sent by post, and also considers whether the cheque has a specific 'pay on' date written on it.

This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.

Key Points

  • •Determines the 'date of payment' when using cheques.
  • •Distinguishes between cheques handed over directly and those sent by post.
  • •Considers if the cheque has a specific 'pay on' date.
  • •The date of payment impacts accounting and transaction timelines.

Practical Example

Mr. Sharma, a government employee, receives a cheque for his travel allowance on July 10th. The cheque is handed directly to him by the accounts department. According to Rule 17(a), the date of payment is the next bank working day, which is July 11th. Now, imagine Ms. Verma receives a cheque for her pension, but it's dated 'Payable on July 20th' and handed over on July 15th. Rule 17(b) dictates that the payment date is July 20th. Finally, if Mr. Singh requests his salary cheque to be mailed to him, and the cheque is posted on August 5th, the date of payment is August 5th, even if he receives it later. If that cheque had a 'Payable on August 10th' date and was posted on August 5th, the payment date would be August 10th.

This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.

Frequently Asked Questions

What happens if the 'pay on' date on the cheque falls on a weekend or holiday?▼
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.
Why is the 'date of payment' important?▼
The 'date of payment' is crucial for maintaining accurate financial records, calculating interest, and determining compliance with payment deadlines. It's a fundamental aspect of government accounting.
Does Rule 17 apply to electronic transfers?▼
No, Rule 17 specifically addresses payments made via cheques. Electronic transfers have their own set of rules and regulations regarding the date of payment.
If a cheque is lost in the mail, what is the date of payment?▼
If a cheque is lost in the mail, the original 'date of payment' as determined by Rule 17 becomes irrelevant. A stop payment order would need to be issued, and a new cheque would be issued with a new date, restarting the process.

This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.

Test Your Knowledge

Question 1 of 3

According to Rule 17 of the Receipt and Payment Rules, if a cheque without a specific payment date is handed over to the payee, the 'date of payment' is considered to be:

Related Rules

GeneralReceipt & Payment Rules, 2022 - GeneralRule 1Receipt & Payment Rules, 2022 - Rule 1Rule 11Receipt & Payment Rules, 2022 - Rule 11Rule 23Receipt & Payment Rules, 2022 - Rule 23Rule 12Receipt & Payment Rules, 2022 - Rule 12

Need help understanding this rule?

Ask Niti — your AI assistant for RPR and other government rules