Partial payment allows a bank to pay a portion of the cheque amount when the drawer’s account does not have sufficient funds to cover the full amount.
Frequently Asked Questions
Partial Payment of Cheques
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Frequently Asked Questions
Partial payment allows a bank to pay a portion of the cheque amount when the drawer’s account does not have sufficient funds to cover the full amount.
The cheque can be presented up to three times for partial payment, as per the implemented policy.
It is mandatory for banks to allow partial payment if requested by the payee.
- The remaining unpaid amount stays outstanding.
- The cheque can be re-presented for the balance amount within the validity period (usually 6 months from the cheque date).
- Each presentment reduces the remaining balance.
Yes. The cheque will be endorsed as "Partial Payment" with the Bank logo.
Yes. Cheque return charges will be collected each time the cheque is presented for partial payment, as per the bank’s tariff schedule.
After the third presentment:
- The cheque is considered fully dishonored for the remaining amount.
- The payee may take legal action for the unpaid balance.
No. The cheque remains valid within its original validity period (usually 6 months), regardless of partial payments.
Yes, it applies only to local currency cheques.
Yes, the payee is allowed to initiate legal proceedings even after the first partial payment. This is because partial payment is considered a cheque return for the unpaid balance, and the remaining amount is still legally enforceable under cheque laws.