Thanks anthonyn.... I went to my bank today....and there was slip attached to the Check in which it was mentioned the reason for check to be rejected..."Payee's endorsement required/confirmation from collecting bank" Then i asked what to do next...the manager told me to give the check to a girl working there and tell her to put the stamp on the back of check where it says "payee's endorsement"....she took the check and told me she will do that and my check will be cleared tomorrow....lets see what happens.... On the front side of the check my bank(UTI) had put its stamp...can i still deposit the check in any other bank?
If your bank now stamped on the back of check where it says "Payee's endorsement" and telling you that your check will be cleared tomorrow then may be problem occured due to your bank fault.