Smart and Easy Cheque Printing Software
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 […]
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 […]
Following are the points to be remembered while shifting to the Cheque Truncation System: One should be using CTS – 2010 compliant cheques issued by bank from 1st April 2013. Use of DARK colored ink to write or print on cheques. Cheques drawn should be written or printed clearly and should be legible so that […]