So, I moved out of this organization (will not reveal the name yet) a month and half ago. I got the gratuity payment cheque within three weeks. I held on to it for another two weeks and then deposited it. Surprisingly the cheque was dishonored!
Surprising because: It is a well known MNC (Fortune 500) and would not do something like that.
The reason was (as they say) all corporate current accounts are frozen (following a notice from RBI) at the moment because of the demonetization drive going on in India. The account will be active after re-verification (they said).
They are asking me to return the cheque before they can issue a new one. Should I return it? Or should I ask them to issue a new one while I hold on to this one. (May be asking them to request a stop payment for the dishonored check - for their peace of mind) Or should i be doing something else? (I am no expert in banking stuff. Need some guidance)