Acceptance of cheques bearing date as per National Hindi Calendar (Saka Samvat)

RBI advises banks for Acceptance of cheques bearing a date as per National Calendar (Saka Samvat) for payment

Saka Samvat is our National Calendar with effect from March 22, 1957 and all Government statutory orders, notifications, Acts of Parliament, etc. bear both the dates i.e., Saka Samvat as well as Gregorian Calendar. Therefore, the RBI, vide Circular dt. 21 Jan. 2016, has advised banks for acceptance of cheques written in Hindi and bearing a date in Hindi, bearing a date as per National Calendar (Saka Samvat), as a valid instrument for payment.

Also, RBI has advised banks to ascertain the Gregorian calendar date corresponding to the National Saka calendar in order to avoid payment of stale cheques.

RBI Circular dt. 21 Jan. 2016 Acceptance of Cheques with date as per National calendar Saka Samvat

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