Check Bounce Rule: Govt may bring new rules regarding check bounce cases, THESE big changes could be made
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.
Oct 10, 2022, 10:01 AM IST
From Cheque books and bank MICR code to ATM and credit card: These 6 rules will change from October
Since these new rules are set to impact the day-to-day lives of a common man and hence it is important to know more about these changes in detail.
Sep 30, 2021, 09:50 AM IST
Bank customers alert! Cheque book of 3 banks will become invalid from Oct 1
Cheque books of three state-backed banks - Allahabad Bank, Oriental Bank of Commerce (OBC), United Bank of India (UNI) - will become invalid starting from October 1, 2021.
Sep 26, 2021, 18:00 PM IST
Banking update: Cheque clearing system will change from September 1
In a bid to Cheque banking fraud, the Reserve Bank of India had in 2020 decided to introduce the ''positive pay system'' for cheque, under which re-confirmation of key details may be needed for payments beyond Rs 50,000.
Aug 23, 2021, 17:46 PM IST
RBI Rules: Follow THIS or your cheque will bounce
The new rule will further lessen the time and notably, you have to keep a minimum balance in the bank account so that it gets cleared easily.
Aug 07, 2021, 16:57 PM IST
THIS Bank's cheque book, MICR code will stop working from October 1, have an account here?
The MICR code and cheque books of the erstwhile Allahabad Bank will be discontinued from 01.10.2021.
Aug 05, 2021, 17:57 PM IST
Cheque book, MICR code and other changes for customers of these 7 banks from April 1, 2021
Although Punjab National Bank (PNB) has extended the deadline from April 1 to June 30, other banks like Union Bank of India, Canara Bank, Indian Bank and Bank of Baroda are yet to come out with any official notice on this. These are the anchor banks where the above mentioned banks have been merged.
Apr 01, 2021, 15:05 PM IST
Positive pay system for cheque kick in from January 1: Know what it is and what the benefits are
While availing of this facility is at the discretion of the account holder, banks may consider making it mandatory in case of cheques for amounts of Rs 5 lakh and above.
Jan 01, 2021, 18:26 PM IST
SBI introducing Positive Pay System from January 1: Know what it is and how it make Cheque payment secure
The concept of Positive Pay involves a process of reconfirming key details of large value cheques.
Dec 30, 2020, 12:33 PM IST
Cheque payments rule changing from January 1: Here's all about the new rule
While availing of this facility is at the discretion of the account holder, banks may consider making it mandatory in case of cheques for amounts of Rs 5 lakh and above.
Dec 11, 2020, 18:26 PM IST
