Cheques issued by Units in payment of Canteen Stores have been returned unpaid by our banker's on various grounds. It is, therefore, brought to the notice of all Units-Formation-run-Canteens that Units whose cheques bounce will not be given the facility for payment by cheques but will be required to give Bank Pay Orders/Bank Drafts.

Interest will be charged at 15% per annum on the amount of cheque returned unpaid from the date of its lodgement till the date of receipt of the Pay Order/Bank Draft.

The depots are required to raise debit not for Department's overdue interest from the date of lodgement of the cheque returned unpaid till the receipt of fresh amount, in addition a debit note will also be raised for the actual bank cheque levied by our banjers on such transactions.