Smart and Easy Cheque Printing Software
RBI has decided to dispense with the requirement of physically forwarding paid central government cheques to the departments for clearance. With a view to enhancing efficiency in cheque clearing, Reserve Bank has introduced Cheque Truncation System (CTS) for clearance of cheques, facilitating the presentation and payment of cheques without their physical movement. Taking this initiative […]
Here are five transactions that need you bank account details: 1. In order to enable direct transfer, it is now mandatory to provide bank details in several transactions with brokers,mutual funds, tax authorities and others. 2. A blank cheque is required to be attached to the documents, to ensure that the account details are correct and the […]
In view of the rise in the number of cheque related fraud cases, the Reserve Bank of India has asked banks to put in place preventive measures including sending an SMS alert to payer/drawer when cheques are received in clearing. Further, to prevent cases of suspicious or large value cheques (in relation to an account’s […]