Till when will banks accept Demand Drafts/cheques issued outside the UAE without the UAE standard MICR code lines & minimum security features?
Banks will accept DDs/cheques issued outside the UAE without the UAE standard MICR code lines & Security features issued before 01-12-2009, throughout the validity for presentment which is for a period no more than 6 months from the date of issue unless stated otherwise by the issuing bank on the face of the cheque. Demand Drafts/ cheques issued after 30-11-2009 that do not comply with with UAE standard MICR code lines & security features will be rejected by Banks.
Related Questions
- When will the cheque security feature be in effect for normal cheques and for Demand Drafts/ cheques issued outside the UAE & drawn on UAE banks?
- Till when will banks accept Demand Drafts/cheques issued outside the UAE without the UAE standard MICR code lines & minimum security features?
- Are bank drafts from foreign correspondent banks required to comply with the requirements in Standard 006, Part A?
