Cheque News

Do you want to stop a signed check without going to the bank? Customers of the State Bank of India can stop a cheque without having to visit the home branch. A State Bank of India customer can halt the payment ...

The finance ministry is mulling several steps like dipping into other accounts of a cheque issuer and prohibition of opening of new accounts of offenders to effectively deal with cheque bounce cases which are clogging the legal system. Many suggestions were ...

Industry body PHDCCI has urged the Finance Ministry to take measures like compulsory suspension of bank drawls for a few days to make the cheque issuers accountable for their action in cheque-bouncing cases. The government should enact a law that from ...

A cheque deposit kiosk (CDK) is a unique device that allows a customer to deposit a cheque without having to go to the bank. Avoiding huge waits, and conducting secure transactions in a matter of seconds with a CDK machine can ...

The process of issuing high-value cheques has just become a whole lot safer. The RBI has implemented an electronic authentication method called Positive Pay that will allow you to communicate the information of your cheque with your bank before it is ...

Are you a State Bank of India (SBI) customer and want to stop the payment of an SBI cheque issued by you then besides the usual process of getting the same done through the offline route i.e. by visiting the bank ...

Positive Pay is a concept that entails reconfirming critical data on large-value checks. The issuer of the cheque provides some minimal details of the cheque like date, name of the beneficiary/payee, amount, etc. to the drawee bank via electronic channels such ...