Tag Archive for 'Bank Charges'

Tips on Cheque Issuing

Some Tips on Cheque Issuing: 1. Keep your cheque and cheque book in a safe place. 2. Never sign blank cheques in your cheque book. 3. Issue the cheques according to the cheque number sequence. This can help to keep track your cheque records easily. 4. If you made a mistake when writing a check, […]

Cheques containing fractions of Re not be rejected

Cheques containing fractions of Re not be rejected: Reserve Bank of India If your bank has been refusing to accept cheques for amounts that include fraction of a rupee, it’s against the rules and the bank should be penalized. In an internal circular issued earlier, the Reserve Bank of India (RBI) had warned that banks which refuse […]

Cheque Standardization

The need for Cheque Standardization : From the past few years, banks have been adding certain patterns and designs on the cheques so as to increase the security of cheques and to prevent cheque misuse, tampering or alterations. However, due to excessive use of ‘at par payable’ cheques or multi city cheques, RBI has decided […]