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
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
Key financial changes to commence from January 1: Check new rules
Check out rules regarding 5 financial matters that will kick in from January 1, 2021
Dec 31, 2020, 18:04 PM IST
Are you aware of these 10 rules changing from January 1st 2021? Check them quickly
These rules are going to affect your everyday life and hence it is important to know more about these changes in detail.
Dec 31, 2020, 09:53 AM 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
10 rules to be changing from January 1st 2021
Since these rules are going to affect your everyday life, it is important to know more about these changes in detail.
Dec 28, 2020, 10:41 AM IST
10 rules impacting your everyday life changing from January 1 2021
Since these rules are going to affect your everyday life, it is important to know more about these changes in detail. Here are some rules that are going to change from January 1.
Dec 23, 2020, 10:42 AM IST
From cheque payment to GST, these 10 rules are changing from January 1: Details here
Since these rules are going to affect your everyday life, it is important to know more about these changes in detail. Here are some rules that are going to change from January 1.
Dec 17, 2020, 14:37 PM IST
New rule for cheque payments from January 1: Here's all you need to know to avoid trouble
According to RBI, the 'Positive Pay' has been designed keeping in mind the consumer safety and it will help in reducing the cases of fraud using cheque.
Dec 13, 2020, 11:17 AM 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
What Modi govt wants you to do with your Rs 500, Rs 1000 notes – Explained in simple steps
With Prime Minister Narendra Modi announcing that Rs 500 and Rs 1000 will no longer be legal tender from midnight Tuesday, that is 8th November 2016, crores of people are in a limbo as to what to do with the high denomination currency notes in their possession.
Nov 09, 2016, 09:24 AM IST
RBI makes SMS mandatory for high value cheque clearance
Reserve Bank has asked banks to alert account holders to send an SMS alert to payer/drawer when cheques are received for clearing.
Nov 07, 2014, 10:24 AM IST
