Description
88 code for cheque return Return reason code applicable to instruments presented in CTS) (Applicable for instrument and image-based Cheque Clearing as detailed in Annexure D to Uniform Regulations and Rules for Bankers' Clearing Houses).
az688. net What is cheque Return Reason Code 88? Under CTS, inward clearing is generally processed in a centralised manner by banks at the CTS location. Return Reason 88 will be a technical return reason, and will have to re-present by the Presenting Bank, without the physical cheque being returned to the customers.
tải ev88 There are several reasons why cheques may bounce or be returned. Some of the common reasons include incorrect dates, insufficient funds in the payer’s bank account, signature mismatches, discrepancies between the written and numerical amounts, and more. 1. Funds. 2. Reference to Drawer. 3. Signature. 4. Stop Payment by Drawer. 5.