Maximum amount of Cheque

The maximum amount of a cheque can vary depending on the banking regulations and the policies of the specific bank. In general, there are certain limits set by the Reserve Bank of India (RBI) regarding the maximum amount that can be issued as a cheque. Let's explore the options given in the question and understand which one is correct.

a) 100 crore
This option suggests that the maximum amount of a cheque can be 100 crore. However, this is an incorrect answer as there are no specific limits mentioned by the RBI for such a high amount. Most banks have their own internal limits and guidelines for issuing cheques, and it is unlikely that a bank would allow such a large amount to be issued as a cheque.

b) No limit
This option suggests that there is no limit on the maximum amount that can be issued as a cheque. While it is true that the RBI does not impose any specific limit, individual banks may have their own limits. However, in terms of RBI regulations, there is no fixed maximum amount for a cheque. Therefore, this option is correct.

c) 1 crore
This option suggests that the maximum amount of a cheque can be 1 crore. While this may be a common limit set by some banks, it is not a universal rule. Different banks may have different limits, and there is no specific RBI regulation stating that the maximum amount of a cheque should be 1 crore. Therefore, this option is incorrect.

d) None of the above
This option suggests that none of the given options are correct. However, as explained above, option 'b' is correct as there is no specific limit imposed by the RBI on the maximum amount of a cheque.

In conclusion, the correct answer is option 'b' - there is no limit on the maximum amount of a cheque as per RBI regulations. However, individual banks may have their own limits, and it is important to check with the specific bank for their policies regarding cheque amounts.