Don't worry, cheque books won't be bannedPost de-monetization, there are many rumours floating in the air. Recently many of us have heard this rumour. This rumour states that the Government is going to ban all cheque books. Even a section of media has reported this. Now, I have received clarifications on this issue.
Ministry of Finance, Government of India has clearly stated that that there is no proposal of withdrawing cheque book facilities. Cheques are important mode of payment and these form the backbone of trade and commerce in our country. Cheques are negotiable instruments and also serve as the security for underlying trade transactions.
So, please don't pay heed to these rumours. Government is not going to ban cheque books or transactions by cheque in near future.