Post office guide part i - India Post

We hereby guarantee to honour all cheques to the extent of Rs…………. outstanding at
any one time on the Bank in your favour by Mr./Messrs…………. in connection with Postal
transactions provided :-
(i)
(ii)
(iii)
That cheques exceeding the total amount of the guarantee are not accepted at any
one time, and
That the bank would only be liable to pay uncashed cheques upto the total amount
of the guarantee, and that if at any time cheques or pay orders over than amount are
accepted by the post office and are not paid, the Bank would not be liable to pay
any amount over the guaranteed limit.
That cheques are properly drawn and endorsed and are otherwise in order.
2. This guarantee will remain in force for a period of three years from the date hereof upto
and including ……….. and cheques drawn on or after the said date will not be accepted by the
Postal Department, unless and until the guarantee is extended for a further period.
3. Any suit or action to enforce a claim under this guarantee in respect of a cheque shall be
filed or taken within six months from the date of the cheque.
Unless the suit or action is filed or taken within that time, all your rights under the
guarantee in respect of the said cheque shall be deemed to have been forfeited and we shall be
released and discharged from any liability there under in respect of the said cheque.
Signature of the Manager of the Bank.
95. Latest date for payment of dues. – When the last day for the payment of any postal or
telegraph dues or for the receipt of sums due from the post office falls on a Sunday or post office
holiday, the next working day shall be taken as the last day for such transactions.