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<p>National Savings and Investments (NS&I) comply with the law relating to cheques.
There are several circumstances in which NS&I would reject a cheque. These include
the cheque being unsigned by the customer, out of date, or defaced. The Director of
Savings, who is also the Chief Executive Officer of NS&I, is the authority responsible
for administering this policy.</p><p> </p><p>Premium Bond prize warrants are legally
similar to cheques. As with cheques, they can be rejected if a duplicate has been
issued. Due to an administrative error, a number of duplicate Premium Bond prize warrants
were issued to customers in the October 2019 prize draw. NS&I have since updated
their processes to prevent this error occurring in future prize draws.</p>
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