September 4th, 2013 by CHEQUEMAN
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, […]
August 2nd, 2013 by CHEQUEMAN
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 […]
June 25th, 2013 by CHEQUEMAN
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 […]
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