Cheques

RBI postpones decision on practice of return paid govt cheques

Easing norms to enhance efficiency of cheque clearing system, RBI in September 2014 had said that there will be no need to return back paid government cheques to the concerned departments from 1 January 2015.

Here's how banks can goof up with your post dated cheques

Post-dated cheques (PDC) are a handy, convenient way to handle a financial transaction. But just how much can you trust that your bank will exercise utmost care while handling such cheques?

Why bouncing a cheque may no longer put you in jail

RBI gives banks time till July for issuing new format cheques

In December, the RBI had extended the deadline to convert to the new standard CTS-2010 by three months to 31 March.

New cheque norms: Know how to write the cheques correctly

Like it or not, many don't write cheques properly. It is not just filling in the details, but how you actually fill the details on the cheque that matters.

No cheques: Govt, RBI want to checkmate paper money

The finance ministry and the RBI are taking us away from paper cash to electronic money.

Send customers SMS alerts before clearing cheques: RBI tells banks

The central bank further said multi-level checking should be done before clearing cheques above Rs 5 lakh.<br />

PMCB Tackles Mounds Of Cheques With VSoft Solution

To automate operations and reduce costs, The Punjab and Maharashtra Co-operative Bank (PMCB) opted for VSoft's Centralised Cheque Processing System (CCPS).