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 […]
Cheque fraud is one of the major cause of monetary or financial loss of banks and the business. It leads to bouncing of cheques, non payment and paying of bouncing fees. Some of the example of cheque fraudulent are: Floating Cheques: people can go to shops or stores and make purchases and issue post dated cheques. Later on […]