Tag Archive for 'benefits for customers'

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, […]

Existing cheque clearing arrangement will continue till year end

Existing cheque clearing arrangement will continue till year end Good news for those having non CTS cheques left for clearing. RBI has declared that the existing cheque clearing system will continue till year end. Non-CTS-2010 cheques (Cheque Truncation System) will continue to be cleared even after the deadline of July 31, 2013. However,banks must continue to make […]

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 […]