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 […]
BANK DRAFTS : A bank draft is an order to pay a sum of money on demand. It is addressed by a banker either to itself or to another banker and drawn on its head office or at a branch. It is issued and signed by two authorized signing officers of the bank; one being […]
A certified cheque or certified check is defined as a form of cheque for which the bank verifies that the sufficient fund exists in the account to cover the cheque, and so certifies at the time the cheque is written. Those funds are then set aside in the bank’s internal account until the cheque/check is […]
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