What is multi city cheque

A multi-city cheque, also known as a "payable at par" cheque, is a type of cheque that can be encashed or cleared at any branch of the issuing bank across India, regardless of where the account is held. Unlike traditional cheques that may incur outstation collection charges, multi-city cheques are treated as local cheques. Key benefits include:

• Elimination of outstation collection charges for the payee.
• Faster clearing and fund transfer as they are processed through the Core Banking Solution (CBS).
• Convenience for making payments to individuals or entities in different cities.