The following new procedures have been adopted in respect of Cheque Truncation
Before accepting/presenting at the bank a cheque, please ensure that:
- Cheque is signed/endorsed
- The amount in words and figures, the name of the payee and the date are correctly written
- Cheque is written in blue or black ink
- Cheque is is not torn
- Cheque is not a photocopy
- There is no correcting fluid to cover any field on the cheques
- Cheque has not been altered with the use of thick felt pen
| Process | Existing | New Procedure |
| Cheque deposit | At the counter | No change |
| Returned cheque | Physical cheque returned to holder of the cheque | Image Return Document (IRD) returned to holder of the cheque for financial and technical reasons by Port Louis Clearing Dept |
| Re-presentment of cheque returned for Insufficient funds | Original cheque is represented several times with the possibility of crediting another account | IRD can be re-presented for a maximum of 2 times only The IRD will be taken at the counter as a cheque deposit in the same account at the same branch only |
| Re-presentment of cheque returned for technical error | Cheque can be re-presented after corrections made by drawer and signed | IRD cannot be re-presented.A new cheque has to be issued. IRD is a proof that the original cheque was not encashed |
| Corrections on cheques | To be made by drawer and signed. Corrections can be made after first presentation | Corrections can only be made before first presentation |
| Representment of returned cheques accounting | Returned cheques and normal cheques are mixed while depositing | IRD to be deposited separately in the original account separately from physical cheques |