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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 ...
What Is Cheque Bounce
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 ...
Cheque Bounce Sc Issues Norms For Fast Resolution On Cases
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 ...
Now Banks Can Offer Cheque Truncation System To All Branches Rbi
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 ...
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