Delhi MCD changes rules related to submitting cheques, demand drafts, check details
Delhi MCD has introduced new rules related to cheques and demand drafts.
Jun 05, 2022, 12:37 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
COVID-19’s second wave impact! Cheque bounce cases surge in April
The pandemic has hit significantly hit retail payments across the country, as the number of borrowers failing to pay their monthly EMIs has surged in April 2021. According to the National Payments Corporation of India’s (NPCI) data, 34.1% of auto-debit transactions facilitated via the National Automated Clearing House (NACH) failed in April 2021.
May 14, 2021, 10:57 AM IST
RBI asks banks to enable account number portability
RBI Deputy Governor S S Mundra has asked banks to work towards account number portability as it will be a far-reaching step towards enhancing competition and improving customer service.
Jul 31, 2017, 20:20 PM IST
Centre to soon amend Payment of Wages Act: Labour Minister
In order to ensure that workers receive their salaries either through cheques or directly in their bank accounts, Union Labour Minister Bandaru Dattatreya on Sunday said the Centre would soon amend the Payment of Wages Act.
Dec 11, 2016, 17:40 PM IST
EPFO allows small firms to pay dues by cheques and drafts
Giving a breather to small firms, retirement fund body EPFO has allowed employers, whose statutory contribution is less than Rs 1 lakh, to make payment through bank drafts, banker's cheques and local cheques till December this year.
Aug 19, 2015, 23:47 PM IST
EPFO allows small firms to pay dues by cheques and drafts
Giving a breather to small firms, retirement fund body EPFO has allowed employers whose statutory contribution is less than Rs 1 lakh to make payment through bank drafts, banker's cheques and local cheques till September this year.
Jun 24, 2015, 22:12 PM IST
RBI to do away with need to return paid govt cheques to depts
Easing norms to enhance efficiency of cheque clearing system, the Reserve Bank starting next month will do away with the requirement of returning back paid government cheques to the concerned departments.
Sep 18, 2014, 20:32 PM IST
