How to receive and return checks in the new law
Central Bank Public Relations: In the new check law, the final owner of the check can request payment of the check deficit from the amounts in other Rial individual accounts of the account holder in the same bank in case of issuer account deficit.
According to the International Iranian Stone Exhibition, in the new check law, the final owner of the check in case of deficit of the issuer account can claim the amount in that account and also want to pay the check deficit from the amounts in other Rial individual accounts of the account holder in the same Be a bank.
Also, if the current account balance is insufficient and it is not possible to secure the check from other issuing accounts in the same bank and other reasons that lead to the return of the check, all check issuing accounts in all banks and credit institutions in the amount of the check deficit after 24 hours after the registration of non-payment (registration of the return of the check) will be blocked in the order announced by the Central Bank.
The holder of a returned check can, with a certificate of non-payment, go to the Electronic Judicial Services offices of the Judiciary and request an executive order from the competent court.
According to this report, the new law on issuing checks will be implemented in stages and gradually, considering the need to raise public awareness and culture in the field of check law and reduce the challenges facing businesses.
In this regard, the director of the Central Bank Payment Systems Department has announced: Determining the accuracy and soundness of checks is one of the benefits of the new law, and registering check information in the Sayad system allows people to know the exact number and amount of returned checks issued by the issuer. .
Regarding the new checks and their features, Mohammad Beigi said: The checks that will be available to the public from the 20th of December have a maximum validity of three years and on each check sheet the validity date is recorded and therefore the issuers of checks can not for a later date. Issue the specified credit, the check.
* IRNA
