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
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
ICICI Cash transaction, ATM, chequebook charges to be increased from August 1- Check new rates here
Here is an elaborative list of revised Cash transaction, ATM, chequebook charges ICICI Bank customers will have to pay from August 1.
Jul 29, 2021, 17:15 PM IST
RBI takes big step, faster settlement of cheques from September 30
Banks have also been asked to inform the RBI the roadmap to achieve pan-India coverage of CTS and submit a status report before April 30, 2021.
Mar 19, 2021, 17:57 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
From mandatory FASTag to ‘Positive Pay’ for cheques, new rules that will come into effect from January 1
These rules are related to the implementation of Positive Pay system to stop cheque frauds, FASTags for four-wheelers and new mode of GST return filing facility.
Dec 20, 2020, 12:51 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
Bank union seeks fixing limits for cheque bounce
The major union in the banking sector represents about one million bankers.
Jun 15, 2020, 11:46 AM IST
Demonetisation: Withdrawal restrictions to be relaxed once 80% of new currency is remonetised, says report
Government is planning to relax restrictions on withdrawal limit once 80 percent of the new currency is re-channelised in bank deposits, said top government official.
Dec 15, 2016, 15:14 PM IST
Court to hear chaque bounce case against Vijay Mallya on August 6
A Delhi court Sunday fixed August 6 for hearing a cheque bounce case against liquor baron Vijay Mallya by Delhi International Airport Ltd (DIAL).
Jul 16, 2016, 18:20 PM IST
LS passes bill to deal with cheque bounce cases
A bill providing for filing of cheque bounce cases at the place where a cheque is presented for clearance and not the place of issue, was approved by the Lok Sabha Wednesday.
Aug 06, 2015, 18:15 PM IST
SEBI makes IPOs cheque-free; unveils start-up listing norms
The regulator also fast-tracked the process of raising funds for companies through IPOs by reducing the listing time by half to six days after the public offer.
Jun 23, 2015, 21:33 PM IST
Govt to bring in Ordinance to amend Negotiable Instruments Act
The Cabinet on Wednesday decided to bring in an ordinance to amend the Negotiable Instruments Act, which provides for filing of cheque bounce cases in place where the cheque was issued, a move that will benefit 18 lakh people.
Jun 10, 2015, 14:52 PM IST
Bill to check piling up of cheque bounce cases moved in Lok Sabha
A Bill seeking to prevent piling up of cheque bounce cases in various courts and help the payee in the case of default, was introduced in Lok Sabha on Wednesday.
May 06, 2015, 18:14 PM 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
Bank A/Cs not inoperative if dividend cheque credited in 2 years
The Reserve Bank Monday said bank accounts will not become inoperative if a dividend cheque has been credited in it in the previous two years.
Sep 01, 2014, 21:06 PM IST
