Diabytes
Cheque book News
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Some of the steps suggested before taking legal recourse included debiting another accounts of the cheque issuer if his or her account is short of funds to honour the instrument, sources said.
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Since these new rules are set to impact the day-to-day lives of a common man and hence it is important to know more about these changes in detail.
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Cheque books of Allahabad Bank will become invalid.
Oriental Bank of Commerce (OBC) and United Bank of India (UNI) cheque books will also become invalid.
Customers should issue new cheque books from the banks.
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Axis Bank cheque payment rules changed.
New cheque payment rules from September 1.
Know what is positive pay system.
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This new rule will benefit the cheque book users as their issued cheques will be easily cleared on a holiday.
This means that the issued cheques will be cleared on a Saturday or Sunday too.
It is important for customers to keep in mind that NACH will be operational all hours of the day and even on holidays.
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The MICR code and cheque books of the erstwhile Allahabad Bank will be discontinued from 01.10.2021.
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New rule from April 1.
Rules on Cheque book.
Rules on MICR, IFSC code.
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What is Positive Pay System?
Positive Pay System implemented from January 01.
New cheque rules for large value cheques.
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What is Positive Pay System?
Positive Pay System implemented from January 01.
New cheque rules for large value cheques.
)
What is Positive Pay System?
Positive Pay System implemented from January 01.
New cheque rules for large value cheques.
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