Partial Payment of Cheque

Reference to the latest Central Bank requirement, we would like to inform you that, effective 2nd January, 2022, if a cheque was presented for payment and then returned due to insufficient funds, the bearer of the cheque can directly approach the issuing bank and request to partially pay the value of the cheque up to the available funds. 

Beneficiary/ Bearer can request multiple numbers of partial payments until the full value of the cheque is paid or cheque becomes stale (within 180 days from date of the cheque) provided the original Cheque is presented at all times and partial payment amount is more than 5% of the original Cheque amount.