In India, Can I write a multi-city cheque to myself (Self cheque) and present to non-home branch to withdraw money? If yes, Can bank deny this transaction? eg: SBI policy on MCC says:
Cash Payment at Non-Home Branch-Maximum limit
As prevailing time to time. Presently, it is as under:
i) ‘P’ segment: Rs.50000/- for self. No cash payment to third parties
Also from their website:
The MCC facility is to be used only for genuine transactions / bonafide remittances. No cash payments will be made to third parties at other branches.
What is "genuine transactions / bonafide remittances"?
Moreover, what does "No cash payment to third parties" means? Suppose someone gave me a cheque and I don't have an account in that bank (or I am out of town, so I go to a non-home branch), how can I get the money in cash?