Page 2 Cheque: Latest News and Updates, Top Stories, Videos, Photos About Cheque

What is a Cancelled Cheque?

Cancelled Cheque Meaning A Cancelled Cheque is a cheque that is crossed with two lines and has the word 'cancelled' written across the cheque. A cheque may get cancelled due to the mistakes made at the time of writing a cheque ...

What is Cheque Bounce?

A Cheque is a negotiable instrument that instructs a financial institution to pay a specified sum of amount from a specified transactional account held in the drawer's name with that financial institution. In other words, it acts as a promissory note ...

Cheque Bounce: SC Issues Norms for Fast Resolution of Cases

The Supreme Court has issued guidelines for the early resolution of check bounce cases and has asked the Centre to amend the laws. The Supreme Court on Friday issued a slew of orders aimed at expediting the resolution of check bounce ...

IFSC Codes Of These PSU Banks To Change From April 1

Beginning the new fiscal year 2022 i.e. from April 1, 2021 the IFSC code of Oriental Bank of Commerce, Syndicate Bank, United Bank of India, Andhra Bank, Corporation Bank and Allahabad Bank will change. And so the account holders of these ...

Now Banks Can Offer Cheque Truncation System to All Branches: RBI

The Reserve Bank of India has decided to expand the cheque truncation scheme (CTS), which is currently in operation at the country's major clearinghouses, to all bank branches. The method of stopping the movement of the physical cheque by the presenting ...

Cheque Book Of These Banks Will Be Invalid From April 1

From April 1, 2021, account holders of eight banks will need to obtain a new cheque book and passbook, as the previous ones will become invalid. These 8 banks are Dena Bank, Vijaya Bank, Corporation Bank, Andhra Bank, Syndicate Bank, Oriental ...

How to Stop SBI Cheque Payment Using Yono App, Online and Offline?

A bank cheque is a written order to a bank to pay a certain amount of money to an individual or an account on demand. A cheque is only valid if it is signed by the owner of the bank account ...

Difference Between Stale Cheque and Post Dated Cheque

A cheque is a banking instrument that orders a bank to pay the person for whom the cheque has been issued a specific amount of money as referred to in the cheque. A cheque refers to an exchange bill that includes ...

7 Changes That Will Kick-Off From January: Know All About Them

As we are about to usher in the New Year after an unprecedented 2020, there are going to be few changes in some areas including cheque payment, GST, UPI payment etc. that need to be noted by you:...

New Rule On Cheque Payments From 1 Jan: 6 Things To Know

A few months ago, the Reserve Bank of India (RBI) rolled out a 'positive pay system' that requires re-confirmation of key details when making payments over Rs 50,000 to keep bank frauds in check. This rule change will come from 1 ...

Cheques Above Rs 50,000 May Need Re-validation Of Details From 1 January

The Reserve Bank of India (RBI) announced the introduction of a 'Positive Pay System for Cheque Truncation System (CTS)' from 1 January 2021, under which re-confirmation of key details may be needed for payments beyond Rs 50,000. In a notification ...

High Value Cheque Transactions To Be Made Safe Via Positive Pay Mechanism

To augment the safety of cheque payments, RBI in its bi-monthly monetary policy meet has announced the decision to introduce a framework of Positive pay for all cheques worth Rs 50,000 and above. Operational guidelines on the same will be ...

Cheque News