Cheques News

The unified MCD had formally come into existence on May 22 IAS officers Ashwani Kumar and Gyanesh Bharti assuming charge as the new civic body's special officer and commissioner, respectively.

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.

The overall scenario indicates that borrowers are not willing to repay their loans. Lending experts are pointing that the figures for May could prove to far worse than April. The second Covid-19 wave is proving to be deadlier than the first one.

RBI Deputy Governor S S Mundra has asked banks to work towards account number portability as it will be a far-reaching step towards enhancing competition and improving customer service.

In order to ensure that workers receive their salaries either through cheques or directly in their bank accounts, Union Labour Minister Bandaru Dattatreya on Sunday said the Centre would soon amend the Payment of Wages Act.

Giving a breather to small firms, retirement fund body EPFO has allowed employers, whose statutory contribution is less than Rs 1 lakh, to make payment through bank drafts, banker's cheques and local cheques till December this year.

Giving a breather to small firms, retirement fund body EPFO has allowed employers whose statutory contribution is less than Rs 1 lakh to make payment through bank drafts, banker's cheques and local cheques till September this year.

Easing norms to enhance efficiency of cheque clearing system, the Reserve Bank starting next month will do away with the requirement of returning back paid government cheques to the concerned departments.