Smart and Easy Cheque Printing Software
The government will soon make an amendment in the Negotiable Instruments (NI) Act for cheque bounce that will restrict banks from dragging a person to court. All such cases, after the changes come into effect, will have to be decided only through arbitration, conciliation or settlement by Lok Adalats. It is estimated that more than […]
1. AQB and AMB charges: If the Average balance over a month quarterly is less than the required amount then the account holder is charged with a fine of 250/- to 500/- per month/quarter. So as to avoid it, do not let your bank account go lower than the AQB or AMB at any point […]
In order to decrease the use of cheques, RBI paper has requested the banks to charge their customers for depositing/withdrawing money using cheques. It has also suggested the Government agencies not to charge “convenience charge” for the electronic payment of utility bills. Other suggestions were to limit the number of free cheques in a year […]