Tag Archive for 'cheque'

Issue of Rs. 500 banknotes inset letter ‘E’ in Mahatma Gandhi (New) Series

Reserve Bank of India  Press Releases  Date : Nov 08, 2016 Issue of Rs. 500 banknotes inset letter ‘E’ in Mahatma Gandhi (New) Series The Reserve Bank of India will shortly issue Rs. 500 denomination banknotes in Mahatma Gandhi (New) Series with inset letter ‘E’ in both the number panels, bearing the signature of Dr. Urjit […]

Cheque bounce cases can now be filed where it is presented

Parliament has passed a law allowing cheque bounce cases to be filed at the place where the cheque is presented for clearance and not the place of issue, a change that is expected to go a long way in improving legal recourse in such cases. The Rajya Sabha passed the Negotiable Instruments (Amendment) Bill  without […]

5 reasons why cheques are turned down

From poor balance to mismatching signatures, here’s what you need to look out for in dishonoured cheques. 1) Insufficient funds: The cheque amount is more than the free balance available in the drawer’s bank account. 2) Irregular signature: The signature of the drawer on the cheque does not match the specimen signature available with the […]