MBA Procedure for Cheque Return

MBA Procedure for Cheque Return

The Mauritius Bankers Association (MBA) wishes to inform the public that, as from 7 October 2014 and in line with directives issued by the Bank of Mauritius in the context of the new paperless Cheque Truncation System in place, all commercial banks will adopt the following procedures in respect of returned cheques:

In the case of an unpaid cheque, the depositor will receive an Image Return Document (IRD) instead of the physical unpaid cheque. This IRD will serve as a notice of dishonour of the cheque. It will also serve as a legal copy of the original cheque and may be used as proof that the cheque was returned. The original cheque will remain in the custody of the bank where it was deposited.

Any alteration to the IRD will not be allowed as the change will not correspond to the scanned image of the original cheque held in the cheque clearing system. The IRD will mention whether the cheque image can be re-presented or not.

IRD issued due to technical errors (i.e cheques bearing incorrect dates, mismatch of amounts in words or figures, incorrect signatures, etc) cannot be re-presented and a new cheque has to be requested from the drawer.

Only IRD issued due to the cheque account being insufficiently funded may be re-presented but for a maximum of two times (three times including the first presentation), following which a new cheque would need to be requested from the drawer.

The MBA invites customers to contact their respective banks for more information on the new procedures.

X
We use cookies (and similar tools) to enhance your experience on our website. To learn more on our cookie policy, please click here. By continuing to browse this website, you consent to our use of cookies. Manage Cookie
X

Are you Bank of Baroda Customer?

This is to inform you that by clicking on continue, you will be leaving our website and entering the website/Microsite operated by Insurance tie up partner. This link is provided on our Bank’s website for customer convenience and Bank of Baroda does not own or control of this website, and is not responsible for its contents. The Website/Microsite is fully owned & Maintained by Insurance tie up partner.


The use of any of the Insurance’s tie up partners website is subject to the terms of use and other terms and guidelines, if any, contained within tie up partners website.


Proceed to the website


Thank you for visiting www.bankofbaroda.in

Manage Cookie