Diabytes
Cheque News
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The Coimbatore has stolen more than 10 cheques worth over Rs 1.40 lakh and encashed them using different accounts.
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Bank of Baroda (BoB) has reduced the threshold limit for positive pay system. Check new rules for cheque clearance.
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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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Axis Bank cheque payment rules changed.
New cheque payment rules from September 1.
Know what is positive pay system.
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Here is an elaborative list of revised Cash transaction, ATM, chequebook charges ICICI Bank customers will have to pay from August 1.
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Image-based Cheque Truncation System (CTS).
CTS in all branches by September 30.
Banks free to adopt a model of their choice.
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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.
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From January 1, many new rules will come into effect which will affect the life of common people.
These rules are related to different walks of life.
From January 1, FASTag will become mandatory for all four-wheelers.
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The new rule for cheque payments, which was decided by RBI, will come into effective from January 1.
The 'positive pay system' for cheque payments was approved by the RBI in August.
Under the new rule, re-confirmation of key details will be required for any payments above Rs 50,000.
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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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The major union in the banking sector represents about one million bankers.
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Government is planning to relax restrictions on withdrawal limit once 80 percent of the new currency is re-channelised in bank deposits, said top government official.
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A Delhi court Sunday fixed August 6 for hearing a cheque bounce case against liquor baron Vijay Mallya by Delhi International Airport Ltd (DIAL).
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A bill providing for filing of cheque bounce cases at the place where a cheque is presented for clearance and not the place of issue, was approved by the Lok Sabha Wednesday.
The regulator also fast-tracked the process of raising funds for companies through IPOs by reducing the listing time by half to six days after the public offer.
The Cabinet on Wednesday decided to bring in an ordinance to amend the Negotiable Instruments Act, which provides for filing of cheque bounce cases in place where the cheque was issued, a move that will benefit 18 lakh people.
A Bill seeking to prevent piling up of cheque bounce cases in various courts and help the payee in the case of default, was introduced in Lok Sabha on Wednesday.
Reserve Bank has asked banks to alert account holders to send an SMS alert to payer/drawer when cheques are received for clearing.
The Reserve Bank Monday said bank accounts will not become inoperative if a dividend cheque has been credited in it in the previous two years.
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