Whether the cheque in question was authentic or part of a clever viral stunt, the situation highlights an important point: many people still struggle with understanding basic financial procedures.

Amendments to UAE Commercial Transactions Law will come into effect on January 2 The UAE's Central Bank has come out with clarifications on the law regarding de-criminalisation of bounced cheque cases ...

Customers of these three PSU banks can go through net banking, mobile banking or via bank branch to get new cheque book.(Mint) Cheque book holders of three public sector banks — Allahabad Bank, ...

The Reserve Bank of India (RBI) announced plans to cut bank cheque clearing times to just a few hours. RBI Governor Shaktikanta Das revealed the neew continuous 'on-realisation-settlement' mechanism ...

In CTS, banks use scanned copies of cheques for settlement instead of the physical copy making the clearing process partially electronic Clearing of bank cheques is set to become faster. In its sixth ...

High value bank cheque transactions are set to become safer with the Reserve Bank of India’s (RBI) stated intention to adopt the Positive Pay system for the payment of cheques valuing Rs 50,000 and ...

Lending major Punjab National Bank (PNB) on Tuesday said it will make high-value cheque verification system mandatory to protect the bank customers against frauds. The bank will make 'Positive Pay ...

State-owned Canara Bank on Wednesday said cheque books issued by erstwhile Syndicate Bank branches and their IFSC or MICR codes will be valid till the end of June 2021. Canara Bank amalgamated ...

The Reserve Bank has postponed the second phase of the faster cheque clearance mechanism to allow banks more time to streamline operations. Originally set for implementation on January 3, banks are ...

Mumbai: Clearing of bank cheques is set to become faster. In its sixth bi-monthly monetary policy statement, the Reserve Bank of India (RBI) on Thursday said it would implement the Cheque Truncation ...

Central bank postpones three hour approval rule to give banks more time as revised cheque presentation and confirmation hours ...

Despite postponing Phase 2, the Reserve Bank of India (RBI) has revised the daily operating hours under the Cheque Truncation ...