Tag Archive for 'cheque standardization'

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, […]

Cheque Standardization

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 […]

Cheque Bounce may no longer put you in Jail

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 […]