Smart and Easy Cheque Printing Software
JAIPUR: To expedite the payment process for contractors and other cheque transactions, the state government will switch to ‘Cheque Truncation System’ from February 15. Under CTS, presentation and payment of cheques are based on their electronic images thus doing away with the flow of the physical cheques issued by a drawer to the drawee branch. […]
The Reserve Bank said bank accounts will not become inoperative if a dividend cheque has been credited in it in the previous two years. “Since dividend on shares is credited to savings bank accounts as per the mandate of the customer, the same should be treated as a customer induced transaction. “As such, the account should […]
To clamp down on cheque-related fraud cases, the Reserve Bank of India (RBI) on Wednesday asked banks to alert account holders by a phone call and contact the base branch in case of non-home cheques before clearing high value payments. The RBI also asked banks to send an SMS alert to payer/drawer when cheques are […]